Cardano (ADA) Targets 1,071% Gain to $7 as Bullish Momentum Builds

Cardano (ADA) is poised for a significant rally, with recent market insights suggesting a potential price explosion that could drive the asset to new all-time highs. Despite recent volatility, analysts believe ADA is following a historical trajectory that may culminate in a tenfold price increase.

Cardano recently regained momentum after temporarily slipping below a key symmetrical triangle structure. On Monday, the asset failed to close above this formation, signaling hesitation among bulls. However, ADA’s push beyond the $0.634 resistance has placed it back within the bullish structure, reviving hopes for continued upward movement. Previous projections indicated a 27% surge to $0.801 if the breakout held. But fresh analysis now paints an even more ambitious picture.

Crypto market influencer Jad Mubaslat, popularly known as Deezy, recently shared an ultra-bullish forecast for Cardano. Mubaslat encouraged investors to stay the course, expressing confidence that ADA could skyrocket to $7 in the coming bull cycle—a staggering 1,071% increase from current levels. His projection is based on a repeating pattern seen in ADA’s prior bull markets. Historically, Cardano has topped out along an ascending trendline that has defined its major price peaks. In January 2018, ADA reached $1.31 by hitting this trendline. It followed the same script in August 2021, soaring to its all-time high of $3.16 before reversing. Mubaslat believes this long-standing pattern could once again guide Cardano to a fresh peak, with $7 as the next logical target if history repeats.

Echoing similar optimism, analyst Crypto Patel rejected claims that Cardano has lost relevance. He predicted a significant uptrend, projecting a 688% increase that could push ADA toward $5. Patel emphasized that the current market setup resembles the structure that triggered Cardano’s 2021 bull run. He identified a strong accumulation range between $0.45 and $0.65 as a critical phase for the asset. According to his chart, once ADA solidifies support within this zone, it could initiate a rally toward three major price milestones—$2, $4, and $6. Patel’s analysis shows that ADA continues to trade within an ascending channel, a trend that historically precedes large upward moves. For traders and long-term holders, the key, he notes, is patience.

Despite being down over 50% from its 2023 high of $1.327 and still nearly 80% below its all-time peak, Cardano continues to attract bullish sentiment from analysts and investors alike. The latest forecasts from multiple experts are further fueling expectations that ADA may soon embark on its next parabolic move. As the broader crypto market prepares for the next leg up, all eyes are on whether Cardano can maintain its current momentum and break through historical resistance zones. Should the bullish trendline hold once again, ADA’s rise to uncharted territory may be closer than many expect.