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Cryptocurrency News Articles

This Trader Makes a Shocking 12x Cardano (ADA) Price Prediction

Mar 23, 2025 at 10:00 pm

A bold new prediction for Cardano (ADA) is turning heads across the crypto space. Veteran trader CryptoELlTES took to X to say, “Cardano 12X coming soon!”

This Trader Makes a Shocking 12x Cardano (ADA) Price Prediction

A bold new prediction for Cardano (ADA) is making waves in the crypto sphere. Veteran trader CryptoELlTES took to X to announce, “Cardano 12X coming soon! A project that stays true to its cycle.” To illustrate his point, he shared a detailed chart suggesting a massive 12x price surge for ADA from where it stands now. The chart and prediction have quickly sparked lively discussion and analysis among traders.

Cryptoელიტები ‏@CryptoELlTES

Cardano 12X coming soon! A project that stays true to its cycle

The trader highlights a classic cup and handle pattern that seems to be unfolding over several years on the weekly timeframe. The “cup” portion, ranging from mid-2021 to late 2024, shows a rounded, drawn-out consolidation phase, contrasting with the sharper peaks and troughs of the 2019–2020 bear market.

Now, in early 2025, the “handle” appears to be forming, typically seen as a setup for a breakout move. This pattern is often linked to strong upside potential, especially when it appears on higher timeframes.

One other key detail is Cardano finally breaking out of a long-term descending triangle, a trendline that seems to have been in place since 2021. The price recently pushed above that resistance, which could be an early signal that the price of ADA is shifting into a new trend. This move mirrors similar breakouts from previous bull cycles, giving some traders hope that history might be repeating itself.

Cardano Key Price Zones and Fibonacci Targets

The chart also showcases major support and resistance levels using Fibonacci retracement and extension tools. Strong support is indicated at $0.23552, the lowest point of the previous bear cycle. Mid-range resistance is marked at $0.86502, while more substantial resistance levels lie at $1.17588 and $1.82054.

The price projection zones extend significantly beyond Cardano’s previous all-time high of $3.17. Fibonacci extension levels indicate potential future targets at $6.44, $9.32, and $15.86. The tweet’s “12X” prediction alludes to a move from the breakout point around $0.55 to $6.64, a level highlighted prominently on the chart.

Cardano Market Cycle Alignment and Community Sentiment

The trader’s post further claims that Cardano is following a recurring market cycle, a view supported by observing past bull markets, particularly during the 2020–2021 run. According to the chart, ADA price entered accumulation between mid-2022 and early 2024, with signs of breakout emerging in 2025.

The chart and tweet have sparked lively discussion and analysis, especially among those tracking cycle-based assets. While high price targets are based on historical performance and technical patterns, the forecast remains speculative. However, the trader’s message has contributed to growing attention around ADA’s current technical setup.

Cardano Price Status and Risk Considerations

At the time of the analysis, Cardano’s price stood at $0.70649. The projected move depends on ADA maintaining key support levels, notably around $0.70 and $0.55. A drop below these points could invalidate the bullish setup and return the asset to its previous accumulation range, which might stall or reverse the projected bull rally.

While Fibonacci projections and historical cycles support the 12x claim, external factors such as broader market conditions and Bitcoin price movements remain influential. Traders and analysts are continuing to monitor ADA closely as it approaches critical resistance zones, making it a subject of ongoing analysis and discussion.

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Other articles published on Mar 26, 2025