Cardano Could Rally 2,000% Following Ethereum Classic Pattern

Quantum Ascend, a crypto-market analyst, has identified a notable fractal pattern between Cardano (ADA) and Ethereum Classic (ETC) during its 2021 bull run. By applying Elliott Wave theory and Fibonacci extensions, Quantum Ascend suggests that Cardano could replicate ETC’s significant surge, potentially leading to a 2,000% rally from its current levels.

According to the analyst's forecast, conservative targets for ADA are set around $4 to $5, with more optimistic projections reaching $10 to over $12. This prediction is not the first of its kind; earlier this year, an article highlighted a similar fractal pattern suggesting a 900% upside for ADA based on repeating price structures.

In addition to the long-term bullish outlook, a TradingView analyst, Arman Shaban, noted shorter-term bullish patterns this month. These patterns, including order block setups, indicate a potential 121% rally to approximately $1.33. This prediction is supported by on-chain activity, such as an increase in active addresses.

Quantum Ascend also acknowledges the possibility of interim market turbulence. In this scenario, ADA might initially reach its former all-time-high around $3.12, then retreat back down to $1.67 during a broader market-wide corrective phase. Following this, ADA could launch into a rapid ascent towards the upper Fibonacci resistance levels.

Cardano’s connection to Ethereum, through its co-founder Charles Hoskinson, and its development cycles, further supports the idea that market makers driving ETC in 2021 could do the same for ADA now. Fractal patterns are favored by technical traders as historical market echoes that can predict future price moves. However, a full fractal play implies multiple technical prerequisites, such as a strong breakout above current resistance, market-wide bullish sentiment, and continued on-chain growth to support a sustained trend.

It is important to note that historical patterns like fractals are not guarantees. Economic conditions, regulation, or waning sentiment can halt rallies. Additionally, on-chain activity alone does not drive price; broader adoption, government policy, and macro sentiment also play very important roles. A smaller breakout toward $1.30 appears within reach, but the bull phase, as the mentioned 2,000% rally, will likely require something substantial in the form of alt season revival, institutional inflows, or favorable regulation.