Cardano May Reach $15 in Potential 1,850% Rally, Says Analyst

Analysis by crypto strategist Ali Martinez indicates Cardano (ADA) may be poised for a significant price increase, potentially reaching $15, marking an 1,850% rise from its current price of approximately $0.76.

Key Insights from the Analysis

Martinez compares current price action to the 2018–2021 cycle, identifying a similar fractal pattern.
In the previous cycle, ADA consolidated before breaking out, leading to a parabolic ascent lasting from late 2020 into 2021.
Current support is identified between $0.76 and $0.80, which served as a crucial springboard in the past rally.
The first resistance level is around $1.60, coinciding with the 0.5 Fibonacci retracement level.
Long-term projections suggest ADA could reach $15, with potential temporary resistance between the 0.618 Fibonacci level ($2.00) and 0.786 Fibonacci level ($2.47).
Martinez highlights that recovery of key horizontal levels often leads to accelerated bullish momentum.

ADA is currently trading at $0.74, making the $0.76 level critical to watch for future movements.