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Crypto analyst Trend Rider has presented two possible scenarios for Cardano 
$0.640551 (ADA) to reach new price heights. ADA has been among the worst-performing cryptocurrencies since the beginning of the year.
Two Paths for Price Increase
Trend Rider indicated that there are two distinct scenarios for ADA to experience price increases. In the first scenario, if Bitcoin 
$106,308 remains above $60,000, Cardano’s price could rise to $0.60.
The second scenario suggests that ADA may drop to a liquidation zone of $0.24 before making a recovery. Trend Rider mentioned that a strong upward trend could start following this situation.
According to some analysts, Bitcoin might fall below $60,000 due to unfavorable unemployment data. This situation could also lead to a significant price drop for ADA.
Having had rising expectations since the beginning of the year, ADA recorded its first monthly positive performance in September. However, in October, its anticipated performance did not materialize due to the negative sentiment in the overall crypto market.
Current Status and Future Expectations
The future performance of Cardano appears to depend on Bitcoin’s overall condition and general trends in the crypto market. It is crucial for traders to consider the potential rise or fall scenarios for ADA when making decisions.
