Live ADA/USD Chart

---

Cardano (ADA) is experiencing a significant price surge, mirroring a historical fractal pattern observed between 2020 and 2021. This pattern suggests a potential 350% rally for ADA, potentially pushing its price towards its previous all-time high of $3.

ADA/USD Technical Analysis: Fractal Pattern Suggests Significant Upside

Cardano’s ADA/USD price action is currently exhibiting a compelling fractal pattern. By comparing the current market structure to the 2020-2021 cycle, analysts are predicting a significant price surge for ADA.

• Historical Parallel: Following a significant price drop in both 2018 and 2022, Cardano entered a prolonged accumulation phase, characterized by sideways trading within a defined range.
• Breaking Out of the Range: In both instances, a breakout above the upper range of the accumulation phase triggered a parabolic rally.
• Predicting the Future: Given the similarity of the current market structure to the 2020-2021 pattern, analysts believe a similar parabolic rally is likely to occur in 2025.

Cardano Whale Accumulation and Positive Sentiment Fuel Rally

• Whale Activity: Data from Santiment reveals that addresses holding over 1 million ADA have steadily accumulated tokens over the past 15 months, representing 2.35% of the total circulating supply. This significant whale accumulation indicates strong confidence in Cardano’s long-term prospects.
• Improved Social Sentiment: The recent rally has also been accompanied by an increase in social chatter and discussions around Cardano.

Cardano Price Prediction

 

Short-Term Outlook: Potential for $1

• Pennant Formation: On the shorter timeframe, ADA’s price is forming a bullish pennant formation. A breakout from this pattern could lead to a 25% rally, potentially pushing the price towards the $1 level.

Long-Term Outlook: Targeting $3

• Analyst Predictions: Veteran trader Peter Brandt has expressed bullish sentiment on ADA, citing a double-bottom formation and a potential for a grand bull market.
• Long-Term Target: Analysts like Ali Martinez predict a long-term price target of $15 for ADA, representing a significant upside potential.