Cardano Is Not Dead: Top Analyst Predicts 1,000% Rally to $7

Cardano could be up for a scintillating rally, as recent analysis suggests the asset could rally over 1,000% to unprecedented prices.

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Although Cardano failed to close above a recent symmetrical triangle on Monday, its push above $0.634 today has seen it trend back above the structure again. Notably, an earlier report suggested that ADA could rally over 27% to $0.801 if the breakout holds.

Interestingly, a new analysis has predicted that the layer one token could post more upside. Specifically, prominent crypto commentator Jad Mubaslat, known as Deezy on X, predicted an over 1,000% upsurge to around the $7 mark.

Cardano Ready to Rally?

In his April 21 X post, Mubsalat urged Cardano holders to remain patient and HODL amid the recent price uncertainties. For context, ADA is down 52% from last year’s high of $1.327 and 80% from its all-time high of $3.160.

According to him, Cardano is on pace for a nearly 10x rally to uncharted territory. Notably, an accompanying chart shows that ADA’s possible rally stems from its historical price action in the last two cycles.$ca