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Cardano’s Technical Analysis Reveals Potential 350% Rally Amid ETF Catalyst

Arslan Butt•Friday, February 14, 2025•2 min read
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BUY ADA/USD

Cardano (ADA) is experiencing a significant price surge, mirroring a historical fractal pattern observed between 2020 and 2021. This pattern suggests a potential 350% rally for ADA, potentially pushing its price towards its previous all-time high of $3.

Cardano's Technical Analysis Reveals Potential 350% Rally Amid ETF Catalyst
Cardano price analysis

ADA/USD Technical Analysis: Fractal Pattern Suggests Significant Upside

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Cardano’s ADA/USD price action is currently exhibiting a compelling fractal pattern. By comparing the current market structure to the 2020-2021 cycle, analysts are predicting a significant price surge for ADA.

  • Historical Parallel: Following a significant price drop in both 2018 and 2022, Cardano entered a prolonged accumulation phase, characterized by sideways trading within a defined range.
  • Breaking Out of the Range: In both instances, a breakout above the upper range of the accumulation phase triggered a parabolic rally.
  • Predicting the Future: Given the similarity of the current market structure to the 2020-2021 pattern, analysts believe a similar parabolic rally is likely to occur in 2025.

Cardano Whale Accumulation and Positive Sentiment Fuel Rally

  • Whale Activity: Data from Santiment reveals that addresses holding over 1 million ADA have steadily accumulated tokens over the past 15 months, representing 2.35% of the total circulating supply. This significant whale accumulation indicates strong confidence in Cardano’s long-term prospects.
  • Improved Social Sentiment: The recent rally has also been accompanied by an increase in social chatter and discussions around Cardano.

Cardano Price Prediction

ADA/USD

 

Short-Term Outlook: Potential for $1

  • Pennant Formation: On the shorter timeframe, ADA’s price is forming a bullish pennant formation. A breakout from this pattern could lead to a 25% rally, potentially pushing the price towards the $1 level.

Long-Term Outlook: Targeting $3

  • Analyst Predictions: Veteran trader Peter Brandt has expressed bullish sentiment on ADA, citing a double-bottom formation and a potential for a grand bull market.
  • Long-Term Target: Analysts like Ali Martinez predict a long-term price target of $15 for ADA, representing a significant upside potential.

 

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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