Cardano (ADA) has been one of the underperforming cryptocurrencies this year, but recent market movements suggest that a strong recovery may be underway. According to crypto analyst Babenski, ADA is poised for a significant price surge, potentially reaching $5 by 2025 or 2026.
Cardano’s Bullish Breakout
Babenski highlighted that Cardano recently broke out of a weekly falling wedge pattern, a key technical indicator that often signals a bullish trend. He emphasized that the first major price target for this breakout is $1. If ADA sustains its momentum above this level, it could replicate its 2021 bull run and climb toward $5 or beyond, setting a new all-time high (ATH) above $3.
Despite ADA’s 26% year-to-date decline, the recent 22% weekly gain—the largest this year—has fueled optimism. On-chain data from IntoTheBlock indicates a rise in whale activity, suggesting that institutional and large-scale investors are regaining confidence in Cardano. Santiment reported 697 whale transactions involving at least $100,000 worth of ADA, nearing the highest level since the token’s price bottomed out on September 4. Additionally, the number of unique ADA addresses transacting in a single day surged to 37,892, the highest since early September, signaling potential FOMO (fear of missing out) buying pressure.
Cardano Entering Its Most Bullish Phase?
Crypto researcher Javon Marks has also expressed strong bullish sentiment on ADA’s price trajectory. According to his analysis, Cardano is demonstrating significant strength, which could lead to a major breakout. Marks projects an initial 531% rally to $2.77, followed by a more aggressive surge of up to 1,700%, bringing ADA to $7.77. His projections suggest that ADA could reach $7 as early as 2025, based on historical price cycles.
As of now, CoinMarketCap data shows ADA trading at approximately $0.43, reflecting a 2% increase in the past 24 hours. With rising investor confidence, increasing whale activity, and technical indicators pointing to a bullish reversal, ADA may be on the verge of a major breakout.
While no prediction is guaranteed, the growing consensus among analysts indicates that Cardano’s long-awaited bull run could be imminent. Investors will be watching closely as ADA aims to reclaim higher price levels in the coming months.
#Cardano #ADA #CCrypto #AAltcoin