Cardano (ADA) Primed to Unleash Another Monster Parabolic Spike, Here's When It Will Happen: Top Analyst

Sentiment around Cardano's ADA cryptocurrency is waning, with the token falling by nearly 22% over the last week

Cryptocurrency prices today: ADA sentiment fading, but crypto analyst predicts new ATH.

As cryptocurrency prices continue to fluctuate, showing signs of a potential bear market, one crypto is displaying a promising technical setup that could lead to a massive parabolic rally, according to a popular crypto analyst.

Here’s a closer look at the surprising prediction and what it could mean for ADA holders.

CoinGecko data shows that sentiment around Cardano’s ADA cryptocurrency is waning, with the token falling by nearly 22% over the last week. The outlook seems even grimmer when looking at ADA’s monthly chart, which shows a 35.9% loss for investors who purchased the crypto above $1.1.

However, despite the recent downturn, one crypto analyst believes that ADA is gearing up for another monster parabolic spike.

In a recent post on the X social media platform, Ali Martinez shared his thoughts on ADA’s upcoming price action, suggesting that the asset might be setting up for a grand finale.

Ali Martinez, a popular crypto analyst, has over 123,000 followers on the X social media platform. His recent post about ADA’s upcoming price action suggests that the asset might be setting up for a grand finale if historical patterns hold.

Martinez’s analysis begins by highlighting ADA’s 2021 market cycle, which saw the 10th largest crypto print a distinct technical structure before embarking on a parabolic rally that culminated in ADA setting a new all-time high of $3.09 in September 2021.

The trader’s chart showcased this critical breakout point from the 2021 cycle with a shaded zone, followed by a similar shaded zone in 2025. If history were to repeat itself, another parabolic rally could be on the horizon for ADA.

Ali Martinez’s analysis suggests that ADA could soar above $15 if its anticipated parabolic rally materializes. However, he adds that ADA might first retest lows around 5 cents before rallying to new lifetime highs.

Martinez's bullish prediction for ADA aligns with other positive analyses reported by ZyCrypto. Last month, chart expert Peter Brandt shared his view that ADA was preparing for a “grand bull market.” He noted that the coin had bottomed out and was now poised for a significant rally.