Cardano price is drawing attention from analysts, with recent forecasts indicating the potential for a strong upward movement. Crypto analysts Javon Marks and Ali Martinez have identified key resistance levels that could determine ADA price trajectory.
While Martinez emphasizes the importance of a breakout above $1.14 to trigger a rally toward $2, Marks presents a highly bullish scenario, suggesting that Cardano price could experience an 8X surge if historical patterns repeat.
Cardano Price Consolidates Within a Bullish Pattern
According to Ali Martinez, Cardano price is consolidating within a right-angled descending broadening wedge, a pattern often associated with bullish reversals. The price has been fluctuating inside this structure, forming lower lows and stable resistance levels. This suggests a phase of accumulation before a potential breakout.
Martinez has identified $1.14 as a key resistance level. If Cardano price breaks above this threshold, it could initiate strong upward momentum, pushing ADA toward the $2 mark. The pattern indicates that ADA is at a crucial point, with traders watching for a decisive move that confirms the next trend direction.
Javon Marks Predicts an 8X Surge
Javon Marks has provided a more optimistic outlook for Cardano price, predicting a potential 8X increase if ADA follows previous breakout patterns. He notes that ADA has already gained nearly 300% since its last breakout, reinforcing its strength in the current market cycle.
Based on past performance, Marks identifies key price targets at $2.7709, $5.2962, and $7.8215. These levels reflect historical trends where Cardano price surged after a breakout confirmation. He also points out that the altcoin rally in this cycle appears stronger than before, increasing the likelihood of ADA reaching these targets.
