Cardano (ADA) has been struggling in recent weeks, facing a 21% decline over the past seven days and a 33% loss over the past month. Despite this downturn, renowned crypto analyst Ali Martinez has identified a pattern in Cardano’s historical price movements that suggests a massive breakout could be on the horizon.
According to Martinez, ADA could be on the verge of a parabolic rally similar to its 2021 surge, where it skyrocketed over 3,500% from $0.085 to its all-time high of $3.10. If this pattern repeats, ADA’s price could reach as high as $15—a staggering 2,900% increase from current levels.
Historical Patterns Support a Bullish Outlook
Martinez also shared a price chart that draws similarities between ADA’s ongoing consolidation phase and the accumulation phase witnessed before its 2021 bull run. He added that Cardano is at the preliminary phase of another potential breakout.
Cardano (ADA) could surge all the way to $15 following a potential bullish breakout. Source: Ali Martinez via X
The analyst had also noted that prior to the previous rally, ADA was stuck in a tight range, often correcting slightly to the downside before making its big move upwards. If history is to serve as a guide, Martinez believes ADA could dip as low as $0.50 before going up meteorically to set new all-time highs.
“There is still time to prepare,” Martinez underscored, hinting at patience and strategic positioning for investors.
Expert Consensus on ADA’s Potential
Martinez is not alone in his bullish outlook. Legendary trader Peter Brandt has also forecasted a strong upside move for Cardano, describing the current price action as the beginning of a “grand bull run.” Similarly, crypto analyst Dan Gambardello predicts that ADA could achieve a $500 billion market capitalization, which would put its price at approximately $14.
ADA could reach $14 if Cardano achieves a $500 billion market capitalization. Source: Dan Gambardello via X
Even AI-based trading bots have identified bullish signals, with some suggesting that ADA’s recent pullback is merely a correction within a larger Elliott Wave cycle, positioning the asset for a significant rebound.
Key Levels to Watch
While long-term predictions remain optimistic, short-term technical indicators reveal crucial price levels that could determine ADA’s trajectory:
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Immediate resistance: $0.90—A breakout above this level could confirm a bullish reversal.
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Support levels: $0.65 and $0.50—A retest of these zones could serve as a launchpad for an uptrend.
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Major resistance: $1.02–$1.13—A move beyond this range would solidify a potential run toward double-digit prices.
Market Sentiment and Investor Reactions
Cardano’s recent decline has raised concerns about weakening investor interest. Whales’ netflows have shed 90%, and trading volume has fallen off a cliff. Yet, for some market watchers, that’s a signal for when the long-term holder should buy into the market.
The current retracement is considered by many technical analysts to be at key Fibonacci levels from which a bullish reversal could happen. Also, the RSI shows that ADA is not overbought, hence leaving room for a rally.
Watch – Cardano Price Analysis
Can Cardano Reach $15?
While the $15 target is ambitious, analysts emphasize that it will not happen overnight. The previous bull run took nearly a year to fully materialize, and ADA’s future trajectory will depend on multiple factors, including macroeconomic conditions, investor confidence, and broader crypto market trends.
Cardano (ADA) was trading at around $0.70, down 1.80% in the last 24 hours at press time. Source: Brave New Coin
If historical patterns hold, ADA could be entering an extended accumulation phase before making a decisive move upward. As always, investors should monitor key technical levels and market sentiment while staying prepared for potential volatility.
Finally, Cardano is at a critical juncture, and while short-term fluctuations may persist, experts believe the long-term outlook remains highly bullish. Whether ADA can replicate its previous success remains to be seen, but the potential for substantial gains is on the table.
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