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Cryptocurrency News Articles

Is A 400% Rally On The Cards For ADA Price?

Jan 18, 2025 at 11:30 pm

With the bearish pressure in the cryptocurrency market dissipating, large-cap altcoins are showing good signs of recovery. Cardano, specifically, has quickly established itself as one of the best-performing assets in the crypto market in 2025.

Is A 400% Rally On The Cards For ADA Price?

Cryptocurrency markets have faced immense pressure over the past few months, leading to significant losses for several large-cap altcoins. However, as the dust settles and bearish sentiments begin to dissipate, some altcoins are displaying promising signs of recovery.

Among these, Cardano (ADA) has emerged as a standout performer in 2025. The altcoin has quickly established itself as one of the best-performing assets within the crypto market.

After enduring the downside pressure over the past few weeks, the Cardano price finally managed to reclaim and hold above the $1 mark during the past week. Having faced several attempts at breaking through this level, the question now is — what’s the next move for the ADA token?

Is A 400% Rally On The Cards For ADA Price?

In a recent post on social media platform X, popular crypto analyst Ali Martinez shared the next step for the Cardano price following the latest downturn. Revealing the price fractals that could see the ADA token move to as high as $6.

In technical analysis, fractals refer to recurring patterns on a price chart. Typically, the patterns offer insight into historical price movements and can be used to predict the future trajectory of a cryptocurrency.

According to Martinez, the price of Cardano is currently at a point that is eerily similar to where it was four years ago. After breaking out of the consolidation range in late 2020, the altcoin went on to surge to around $0.4 before February 2021.

However, the ADA price hit a roadblock around $0.4, falling by more than 40% before continuing its upward trend. The price of Cardano eventually soared to above $3 — the current all-time high — in this cycle.

Martinez explained that the ADA token, having just experienced an almost identical 40% drop, might be setting up for a bullish breakout once again. The analyst said that the next move up for the altcoin could be “just two to three weeks away.”

Using the historical price data, Martinez went on to predict that the price of Cardano could push to as high as $6, setting a new record high. This would represent an impressive 400% surge from the current price point.

Cardano Price At A Glance

At the time of writing, the Cardano token is valued at $1.15, reflecting an almost 5% increase in the past 24 hours. According to data from CoinGecko, the ADA price is up by more than 20% in the last seven days.

Original source:tradingview

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