As the bearish trends in the cryptocurrency market seem to be easing off, it’s becoming apparent that large-cap altcoins are on a path to recovery. Notably, Cardano has been one of the standout performers among cryptos in 2025, demonstrating strong signs of growth.
Over the last several weeks, there had been consistent downward pressure on the value of Cardano. However, during the past week, the price managed to rise and stay above the $1 threshold. The intriguing aspect now is — what’s the future direction for the ADA token?
Is A 400% Rally On The Cards For ADA Price?
As an analyst, I recently observed a post by renowned crypto expert Ali Martinez on social media platform X, where he outlined the potential trajectory for Cardano’s price following its recent dip. Drawing from intriguing price fractals, Martinez suggests that the ADA token could potentially surge to as high as $6.
In the field of technical analysis, fractals signify repeated patterns that show up in a digital currency’s price chart. These patterns often offer insights about past price fluctuations, and they may help forecasters anticipate the potential direction of the cryptocurrency’s future price trend.
Following a 44% drop, Cardano’s $ADA coin started its second surge during the week of February 1, 2021. Now, after a 43% adjustment, it seems that another rise might be imminent within the next two to three weeks. Predicted price: $6!
— Ali (@ali_charts) January 17, 2025
Martinez stated that today’s price level for Cardano is reminiscent of what it was approximately four years back. Following its breakout from the consolidation phase at the end of 2020, Cardano climbed up to around $0.4 before February 2021.
As a researcher tracking the cryptocurrency market, I observed an unexpected hiccup for ADA around the $0.4 mark, plummeting by over 40% before resuming its climb. Remarkably, the price of Cardano surged past $3 — setting a new record high in this cycle.
Martinez shared that the ADA token, which has recently seen a nearly identical 40% increase, seems poised for a potential bullish surge. According to the analyst, it’s likely that the upcoming uptrend for this cryptocurrency could occur within the next “two to three weeks.
Based on past price trends, Martinez anticipates that the value of Cardano might soar up to approximately $6, potentially reaching a new peak. Such a rise would equate to a remarkable increase of around 400% from its current market position.
Cardano Price At A Glance
Currently, the value of a Cardano token stands at approximately $1.15. This represents nearly a 5% growth over the past day. Data from CoinGecko indicates that in the last week, the price of ADA has surged by more than 20%.
Featured image from Solodev, chart from TradingView
Read More
- Fauji director Hanu Raghavapudi shares BIG update on Prabhas starrer period war drama; ‘We have created…’
- Bart Johnson Apologizes for Blake Lively & Justin Baldoni Case Comments
- Captain America: Brave New World’s Budget Is Lower Than Deadpool & Wolverine’s
- All the Queen’s Men Season 4: Is a New Episode Releasing on January 23?
- No, Carly Is Not Leaving General Hospital: Exit Scare Explained
- Prithviraj Sukumaran reviews Ajith Kumar starrer Vidaamuyarchi trailer: ‘It is one of the finest…’
- Allu Arjun’s Epic Chain Scene in Pushpa 2 Goes Viral – Fans Are Going Wild!
- WATCH: Ajith Kumar celebrates his winning moment with a lip-lock kiss with wife Shalini on the racing track
- Who Is Paul McCartney’s Wife? Nancy Shevell’s Job & Relationship History
- Golf Player John Daly Undergoes Emergency Hand Surgery
2025-01-18 18:40