The pre-bullish fractal of 2019 caused a small break, but the same fractal during the next bullish run of 2021 triggered an astounding 11,412% surge in the price of Cardano. The pre-bullish fractal was repeated in 2024, causing a rise of 188.01%, but, as seen in the 2019 fractal, ADA reversed these gains and formed a local minimum at $0.0278.
As of May 23, 2025, the weekly chart shows that the fractal breakout of the bullish market has occurred. If history repeats itself, the Fibonacci extension level of 461.8% at $13 could be the next target. During this bullish trend, ADA could stop around $4.8764, $13.6217, and $38.0501, which are the Fibonacci extension levels of 261.8%, 361.8%, and 461.8%, respectively.
Japan is finally adopting Cardano, as the ADA/JPY pair has seen a significant increase in trading volume, making it the second most traded ADA pair worldwide. Previously eclipsed by ADA/USDT, the ADA/JPY pair skyrocketed 323.24%, reaching a trading volume of $143.24 million. Notably, it surpassed ADA/USDT, which recorded a gain of 79.9%, reaching $140.7 million.
Given the bullish market fractal observed in the latest Cardano price forecast, there is a high probability that the price of ADA will not only reach a new all-time high of $13 but will also continue its upward trend towards new levels. Furthermore, trading volume in Japan for the ADA/JPY pair is also increasing, suggesting a growing interest in Cardano in the global cryptocurrency market.
These metrics suggest that if Cardano's volume remains positive along with the broader cryptocurrency momentum and investor interest, ADA could be on the verge of a historic price surge.