Cardano (ADA) may be heading for a major rally, according to recent predictions from top analysts who believe the token could climb over 1,000%.
A crypto analyst named Jad Mubaslat, better known as Deezy on X (formerly Twitter), says ADA could shoot up to $7. Right now, ADA is down 52% from last year high of $1.327.
Deezy says this isn’t just a wild guess. He observed ADA’s history and believes it’s following the same pattern it did in past bull runs.
“Cardano is on pace for a nearly 10x rally,” he wrote. His chart shows that ADA reached that same rising trendline it hit during big rallies before, like in 2018 when it hit $1.31 and again in 2021 when it reached $3.10. If it follows that trend again, it could jump over 1,000% to hit $7.09.
Another analyst, Tim Warren, agrees. He’s also seeing signals that point to $7, which align with what Deezy predicted.
Crypto Patel, another well-known name in the crypto space, says Cardano ‘isn’t dead’. In fact, he thinks it’s loading up for a 688% rally that could take it to $5. “The setup is Clean,” Patel said. “Patience here could print fortunest.”
Patel believes there’s a buying zone between $0.45 and $0.65. He says this is where smart investors are stacking up before ADA takes off again. His targets is $2, $4, and $6. He also pointed out that ADA is moving in an upward channel, like it did before its big run in 2021.
Meanwhile, Mr Brownstone, another analyst on X, also feels good about Cardano. He says some key signals are turning bullish. One of them is the MACD indicator, it’s turning green, which usually means a good time to buy. Plus, the price is floating above the Ichimoku Cloud, which is a fancy way of saying the trend looks strong. He says there’s a “green twist” happening, which is another sign that ADA might be ready to pump.
Ali Martinez also noticed something interesting. According to a previous report, Ali says Cardano is breaking out of a triangle pattern on the charts, and if it keeps going, it could pop up another 27%. That would put it near $0.80.
Right now, Cardano is trading at about $0.6526. The trading volume has gone up by over 24%, which means more people are buying or moving ADA around. Some might just be taking profits, others are getting in early before a possible big rally.
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