Crypto Analyst Predicts Cardano Price Could Exceed $5 by 2026
Crypto analyst Babenski predicts that the Cardano price could experience a parabolic rally above $5 by the end of 2025 or early 2026. This follows ADA's recent rally, suggesting the start of a bull run after a year of underperformance.
When the Cardano Price Could Cross $5
In a TradingView post, Babenski indicated that Cardano has formed a falling wedge pattern on its weekly chart and has broken out. The primary target for this breakout is around $1. If ADA sustains above this level, it could replicate its 2021 bull run pattern, potentially driving the price to $5, surpassing its current all-time high (ATH) of $3.
Despite a 26% year-to-date loss, there is optimism around ADA's potential bull run. Recently, ADA has gained over 22% in the last week, marking its largest weekly increase this year. Additionally, whale activity appears bullish, with a reported surge in transactions involving $100,000 and above, nearing the highest levels since September 4.
On a single day, 37,892 unique ADA addresses made transfers, the most since September 4, indicating potential retail interest according to Santiment.
ADA Entering Its Most Bullish Phase
Analyst Javon Marks also supports a bullish outlook for Cardano, suggesting ADA may be entering a significant bullish phase. He identified a potential first breakout target of over 531% to $2.7709. Historical trends from previous bull cycles indicate that ADA could rise over 1,700%, reaching up to $7.77, likely by 2025.
Currently, the ADA price is approximately $0.43, reflecting nearly a 2% increase in the past 24 hours, according to CoinMarketCap.
