Short-term Cardano price forecast sees ADA aiming for $0.42, supported by RSI levels recovering from oversold territory and gradual return of retail investors to the crypto market. Bitcoin surged past $120,000 on October 3 following the US federal government’s partial shutdown earlier this week. Investors sought safety in digital assets and gold, highlighting Bitcoin’s position as an alternative store of value when traditional systems falter. If Cardano achieves its full potential, becoming a scalable, regulatory-friendly blockchain for identity, payments and enterprise use, demand for ADA could rise dramatically. Global economic digitization, particularly in emerging markets, might drive use cases that validate Cardano's original mission. Technical chart patterns in Cardano price forecast reveal a cup-and-handle formation, historically associated with measured moves toward $0.
