Cardano (ADA) has experienced a decline in price over the past week, falling from around $0.77 to $0.6510. This drop follows a historic pattern of price fluctuations and analysts are optimistic about future growth based on historical data. 📈 📈 A recurring pattern within Cardano’s long-term price movements has been an ascending channel. This channel has seen ADA consistently fluctuate between higher and lower boundaries, occasionally breaking out to higher prices. Notably, in 2021, Cardano surged from $0.20 to $2.70 before reversing its trend. This past surge suggests ADA could reach new highs. 📈 Analysts are now predicting a price target of $50.48 by Q3 2025 if this ascending pattern continues, representing a potential increase of over 7,654% from current levels. 💰 However, analysts also highlight potential risks, including ADA’s recent decline below the $0.70-$0.80 support range. This drop could lead to further declines if not reversed soon, possibly reaching the $0.31-$0.24 range. Analysts like Crypto analyst Ali Martinez warn of this potential, while institutional investors remain strong with ADA seeing consistent inflows into exchange-traded products (ETPs). 📈 Even with recent volatility, Cardano’s institutional investment remains steady, showcasing the asset’s long-term potential. However, it is crucial to watch for ADA’s ability to break above its previous support range and the level of institutional interest in coming months.