Cardano (ADA) Drops 2.12% Weekly, Analysts See 1500% Upside

Cardano (ADA) has recently experienced notable price fluctuations, oscillating between $0.63 and $0.66 from April 13 to 15, 2025. As of April 18, 2025, ADA is trading at approximately $0.6148, reflecting a 1.16% decrease over the past 24 hours and a 2.12% decline over the past week. Despite these fluctuations, analysts have a positive outlook on Cardano’s long-term potential.

Analyst Dan Gambardello has identified a potential Cup-and-Handle pattern in Cardano’s price chart, a formation often associated with bullish trends. This pattern is characterized by a U-shaped price movement followed by a slight downward drift, resembling the shape of a cup with a handle. Gambardello emphasizes the importance of patience for investors, noting that the current market structure resembles previous consolidation phases that preceded substantial price increases. ADA’s historical pattern points to potential growth from 2018 to 2025, suggesting that the cryptocurrency could be on the verge of a significant breakout.

Gambardello’s analysis indicates that Cardano’s price movement is approaching a long-term resistance level, currently around $3.23. A breakout above this level could pave the way for further gains, with potential targets at $6.45 and $9.33, based on Fibonacci extensions. In a broader context, Gambardello suggests that ADA could reach $10, considering historical market cycles and the ongoing development within the Cardano ecosystem.

Beyond Gambardello’s analysis, other prominent figures in the crypto space have expressed bullish sentiments toward Cardano. Alex Becker, a well-known crypto investor, has revised his stance on ADA, projecting that its price could surge to between $4 and $5 in the next bull run. Becker attributes this potential growth to Cardano’s technological advancements and its unique position in the blockchain ecosystem.

While short-term price fluctuations are inherent in the cryptocurrency market, the combination of bullish technical patterns, significant investor accumulation, and positive sentiment from industry analysts suggests a promising outlook for Cardano. The potential for increased adoption further strengthens this outlook. For instance, Mastercard is bringing Cardano to 150 million users, a development that could significantly expand ADA’s real-world utility and global reach. Investors are advised to monitor key resistance levels and market indicators, as ADA may be on the verge of a substantial upward movement.