Cardano (ADA) Poised for a Parabolic Rally, Analyst Predicts a Surge to $15

Despite facing a 21% decline over the past seven days and a 33% loss over the past month, renowned crypto analyst Ali Martinez has identified a pattern

Despite a recent downturn, crypto analysts remain optimistic about Cardano's (ADA) future price movements. Recent analysis suggests that ADA could be on the cusp of a massive breakout, hinting at the possibility of reaching prices as high as $15.

Cardano (ADA) has faced a 21% decline over the past seven days. However, some analysts believe that this could be setting the stage for a massive breakout.

According to crypto analyst Ali Martinez, ADA could be on the verge of a parabolic rally similar to its 2021 surge, where it skyrocketed over 3,500% from $0.085 to its all-time high of $3.10. If this pattern repeats, ADA’s price could reach as high as $15—a staggering 2,900% increase from current levels.

Martinez also shared a price chart that draws similarities between ADA’s ongoing consolidation phase and the accumulation phase witnessed before its 2021 bull run. He added that Cardano is at the preliminary phase of another potential breakout.

The analyst had also noted that prior to the previous rally, ADA was stuck in a tight range, often correcting slightly to the downside before making its big move upwards. If history is to serve as a guide, Martinez believes ADA could dip as low as $0.50 before going up meteorically to set new all-time highs.

“There is still time to prepare,” Martinez underscored, hinting at patience and strategic positioning for investors.

Others also bullish on ADA

Martinez is not alone in his bullish outlook. Legendary trader Peter Brandt has also forecasted a strong upside move for Cardano, describing the current price action as the beginning of a “grand bull run.” Similarly, crypto analyst Dan Gambardello predicts that ADA could achieve a $500 billion market capitalization, which would put its price at approximately $14.

Even AI-based trading bots have identified bullish signals, with some suggesting that ADA's recent pullback is merely a correction within a larger Elliott Wave cycle, positioning the asset for a significant rebound.

Key Levels to Watch

While long-term predictions remain optimistic, short-term technical indicators reveal crucial price levels that could determine ADA’s trajectory:

Immediate resistance: $0.90 — A breakout above this level could confirm a bullish reversal.

Support levels: $0.65 and $0.50 — A retest of these zones could serve as a launchpad for an uptrend.

Major resistance: $1.02–$1.13 — A move beyond this range would solidify a potential run toward double-digit prices

Recent price movements have sparked varying reactions within the crypto community. Some express concern over ADA's declining momentum, evidenced by whales' netflows decreasing by 90% and trading volume dropping off a cliff. However, some market observers view this as a signal for long-term holders to enter the market.

Technical analysis reveals that ADA is currently approaching key Fibonacci levels, which could lead to a bullish reversal, according to many technical analysts. Additionally, the RSI indicates that ADA is not overbought, leaving room for a rally.

Watch – Cardano Price Analysis

According to the analysis, ADA could be entering an extended accumulation phase before making a decisive move upward. If historical patterns hold, investors should prepare for potential price fluctuations and monitor key technical levels.