Cardano $ADA Set for Massive Breakout? Analyst Sees 884% Surge AheadšŸ”„

#Cardano is showing renewed strength as bullish momentum and on-chain metrics point to a potential price explosion. According to crypto analyst Mr. Banana, ADA could climb as high as $8 by mid-Q3 2025, representing a potential 884% gain from current levels.

ADA recently recorded a 2.12% daily gain, climbing to $0.816, with 24-hour trading volume exceeding $1.1 billion. After briefly dipping below $0.80, Cardano regained its footing now attracting serious attention from both retail and institutional investors.

Historic Support Zones Back Bullish Forecast Mr. Bananaā€™s analysis emphasizes historic support zones that have historically defended ADA from deeper declines.

Key levels include:$0.065: A long-standing support since early bull cycles.$0.55 - $0.30 range: Served as critical bases during 2025 price retests.These support zones, coupled with recent bullish bounces, reflect a strong foundation for ADAā€™s next major leg up.

Technical Indicators Align for RallyA stochastic oscillator on the weekly chart is rebounding from oversold levelsā€”often a precursor to large upside moves.

According to Mr. Banana, this same pattern preceded ADA's 2021 rally.His chart outlines a parabolic move to $8, predicting the rally could climax by August 2025 if current trends hold.On-Chain Activity Confirms Growing Network StrengthNew data from IntoTheBlock shows rising confidence among Cardano users:$932M ADA removed from exchanges in 2025, echoing accumulation behavior seen before the 2021 bull run.

New Addresses rose 4.79%Active Addresses increased 11.99%Zero-Balance Addresses spiked 12.26%Such growth underscores renewed interest in ADAā€™s ecosystem.Final Thoughts: ADA Below $1 May Be a Missed OpportunityAs Cardano reclaims key levels and network activity surges, many analysts suggest ADA under $1 might not last long. With a historical setup pointing toward a major breakout, ADAā€™s path to $8 could materialize faster than expected especially if market sentiment and altcoin cycles continue to heat up.

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šŸ‘‰Disclaimer:Not financial advice! Always do your own research! šŸ‘ˆ