$5.35 set as next ADA ATH price target by a reputed crypto analyst.
The altcoin Cardano is preparing to make a pump of over 666% soon.
Expectations for the altseason peak phase increase as several altcoins show bullish signs.
Altseason expectations spur as leading altcoin Ethereum ETH is expected to follow Bitcoin and its latest recovery to reclaim its previous ATH price of $111,000 before pumping to claim new ATH prices. In its wake, several altcoins are showing a strong bull pump signal, including Cardano (ADA). One reputed analyst sets $5.35 as the next ADA ATH price target with a pump of over 666%.
$5.35 Set as Next ADA ATH Price Target
As the wait for this ongoing bull cycle’s altseason nears an end, reputed analyst across the crypto community have been shining their lights on many capable and highly potent altcoins including Ethereum (ETH), Ripple’s XRP, SUI, and Cardano’s ADA. While new altcoins like SUI and FET have already set new ATH prices this bull cycle, legacy altcoins like XRP, ADA, and ETH have yet to do so.
Initially, this bull cycle’s altseason phase was set to arrive in Q1 of 2025. However, during that period, BTC slipped into what analysts called a much-needed correction phase to preserve a healthy market for the future, where altseason could thrive. This prolonged correction phase led to a delayed altseason pump phase, as for the first time in crypto history, altseason did not arrive in Q1 following the Bitcoin Halving year.
Now, analysts have accepted that the altseason phase is delayed and expect the altseason peak phase will arrive only after ETH price has hit a new ATH. In fact, many analysts believe that ETH will lead the bull cycle’s altseason and signs of ETH finally surging in steady bursts are reigniting altseason peak expectations one again. Not only is ETH showing bull signs, but the altcoins themselves are also showing heavy bullish indicators on their respective price charts.
Pump of Over 666% is Coming for ADA
For instance, Cardano’s ADA has been marked as one of the most bullish altcoins this bull cycle, as the blockchain seems to have made multiple significant strides since the last bull cycle. So incredible has the Cardano ecosystem’s progress been that the crypto community recognizes it as the best and only truly decentralized blockchain in the crypto industry. Its Founder, Charles Hoskinson, has worked for 10 long years to achieve this goal.
https://twitter.com/JavonTM1/status/1932109937166983437
Now, traders and ADA enthusiasts are patiently waiting for this blockchain success to reflect on the price of the altcoin. As we can see from the post above, this reputed analyst compares ADA's current progress with that of its last cycle movements. With this, the analyst says that ADA is setting up for another move to and above its 1.272 Fibonnaci Level, currently at the $5.35 price target, meaning an upward price pump of over 666% is coming for ADA.
