Crypto analyst Babenski has predicted a bullish rally for Cardano, with its price surging above $5 by the end of 2025 or early 2026. This prediction comes in the wake of ADA's recent rally, indicating a possible bull run after a year of underperformance.
Babenski's analysis, based on a TradingView post, highlights a falling wedge pattern on Cardano's weekly chart which has broken out, suggesting a possible price breakout target of around $1. If ADA holds above this target, it could replicate the 2021 bull run pattern, potentially elevating the price to a new all-time high of $5 or more.
Cardano has struggled this year with a 26% YTD loss but has shown signs of recovery with a 22% rise over the past week. Whale activity is on the rise, with IntoTheBlock reporting increased ADA whale movements and 697 transactions over $100,000, suggesting renewed interest in ADA.
Crypto analyst Javon Marks also offers a bullish outlook for Cardano. He anticipates a breakout target of a 531% price rally to $2.7709, with potential growth reaching 1,700% to $7.77 by 2025 based on past bull cycle trends.
At present, the ADA price is trading around $0.43, reflecting a 2% increase in the last 24 hours, as reported by CoinMarketCap data. The growing whale activity and bullish analyst predictions may indicate a promising phase ahead for Cardano.
