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Apr 18, 2026 upd. 7 Jun

Analyst says $0.249 support could spark 80–200% Cardano rally

1 min

ADA stalls while majors bounce. An analyst says the $0.249 support could mark a bottom and fuel a big rebound.

Headline: Analyst points to $0.249 ADA support as launchpad; past bounces ran 85%–200%

- A market analyst, Ali Martinez, flags $0.249 as strong support for Cardano (ADA). He cites multiple bottoms formed there and prior rebounds on April 17.

- From that zone in September 2023, ADA rallied over 200% to ~$0.8 in Q1 2024 source.

- Early 2023 saw an ~85% surge after touching the same level source.

- The setup implies 80%–200% upside if $0.249 holds. A sustained break below it would weaken the bullish case source.

- ADA trades near $0.2615, up over 2% on the day. It lags weekly versus Ethereum and XRP, which gained nearly 10% context.

- Broader relief followed reports that Iran reopened the Strait of Hormuz on Friday, April 17, with Bitcoin reclaiming $76k report.

ADA price tests $0.249 support on Ali Martinez chart