Cardano Price Surges 15% This Week, Analysts Predict Bull Run

Cardano's price has surged from $0.72 to over $0.83 this week, mirroring the upward trend of Bitcoin. Additionally, there was a notable spike in ADA/JPY trading, which reached a 24-hour volume of $121.5 million, making it the second most traded ADA pair globally.
Crypto analyst Drini has shared a bullish prediction for ADA, suggesting that in the next market cycle, the price could range from $8 to $14. Drini's analysis is based on two key metrics: the total crypto market cap and ADA’s market dominance. During the last bull cycle, the total crypto market cap peaked at the 1.618 Fibonacci extension level. If this pattern repeats, the total crypto market cap could hit $6.5 trillion.
In the previous cycle, Cardano’s market dominance peaked at 4.5% of the total crypto market. Applying this to a $6.5 trillion market cap, ADA’s market cap would soar to $292.5 billion, and its price would rally to $8 per ADA. If the total crypto market hits $10 trillion, a level backed by power law and regression models, ADA could soar to $10–$14, with a market cap around $450 billion.
Drini clarified that these projections are not based on hype but are backed by data, past trends, and solid math. In the best-case scenario, Cardano would repeat its past dominance while the crypto market hits new highs.
Analyst Dan Gambardello also predicts a massive ADA bull run, noting that the MACD indicator on both the monthly and weekly charts is starting to show signs of a big move upward. This pattern was seen right before ADA surged in the last cycle. In the short term, ADA has broken out of a classic bullish pattern called the inverse head and shoulders and successfully held the breakout level. However, it is now facing resistance at the 200-day moving average. If it breaks above this level, a strong rally could ensue. Otherwise, it could drop to $0.65 to $0.58.
On the upside, $1 is a key psychological level. If ADA pushes past $1, the next goal could be $1.20 to $1.25.

Comments
No comments yet