The cryptocurrency market is abuzz with predictions of a potential parabolic rally for Cardano (ADA), as forecasted by renowned crypto analyst Babenski. According to Babenski, ADA could surpass the $5 mark, potentially ushering in a significant bull run. This analysis comes at a time when Cardano is showing signs of recovery after a year of underperformance.
Anticipating Cardano’s Ascent Above $5
In a detailed analysis shared on TradingView, Babenski projected that Cardano’s price might exceed $5 by the end of 2025 or the beginning of 2026. The analyst highlighted a falling wedge pattern on the weekly chart, indicating a breakout. This technical formation suggests that the initial target for ADA’s price is around $1.
Breaking the $1 Barrier: A Prelude to New Highs
Should Cardano maintain its position above the $1 threshold, Babenski believes ADA could mimic its 2021 bull run, potentially driving the price to new heights beyond $5. Achieving this milestone would set a new all-time high (ATH) for Cardano, surpassing the current ATH of $3.
Despite a challenging year with a 26% year-to-date (YTD) loss, optimism is on the rise for ADA’s future performance. Recently, ADA has experienced a notable uptick, gaining over 22% in the past week—the most significant weekly increase recorded this year.
Whale Activity and Retail Interest: A Positive Indicator
There is renewed interest from ADA whales, as evidenced by data from IntoTheBlock, which highlights a surge in whale activity. On-chain analytics from Santiment also point to 697 ADA whale transactions involving substantial transfers of $100,000 or more, nearing the highest levels seen since early September. Moreover, a notable spike in unique ADA addresses making transfers in a single day suggests potential retail FOMO on the horizon.
The Bullish Phase: Charting ADA’s Future
Another prominent crypto analyst, Javon Marks, has echoed a bullish sentiment for Cardano’s price trajectory. Marks suggests that ADA is poised to enter its most bullish phase yet, with significant price breakouts appearing imminent. He offers a comprehensive analysis of potential price targets for ADA.
Projecting ADA’s Future Growth
According to Marks, the initial breakout target is a price rally of over 531%, reaching approximately $2.77. Based on historical trends from previous bull cycles, he further predicts that Cardano could experience a monumental rally of over 1,700%, potentially climbing to $7.77. Marks’ analysis suggests that such a substantial price increase could materialize by 2025.
As of the latest data from CoinMarketCap, ADA is trading around $0.43, reflecting a near 2% increase in the past 24 hours. This upward momentum reinforces the positive outlook for Cardano’s future.
In conclusion, while the cryptocurrency market remains inherently volatile, the insights from analysts like Babenski and Marks provide valuable perspectives on Cardano’s potential trajectory. As ADA continues to show resilience and strength, investors are closely watching for signs of a significant bull run that could redefine its market position.
