Crypto analyst Babenski recently predicted a parabolic rally for Cardano (ADA), suggesting the price could surge above $5 by the end of 2025 or early 2026. Babenski shared this projection in a TradingView post, where he highlighted that ADA had printed a falling wedge on the weekly chart and subsequently broken out. The immediate target for this breakout is $1. If ADA maintains above this level, Babenski believes the cryptocurrency could replicate its 2021 bull run, potentially driving the price to new all-time highs beyond $5. The current all-time high for Cardano stands at $3.
Despite underperforming most of this year with a 26% year-to-date loss, ADA has shown signs of a potential bull run. Over the last seven days, the price has increased by over 22%, marking its largest weekly gain this year. This optimism is bolstered by an uptick in whale activity. According to on-chain analytics platform Santiment, there were 697 large transactions, each involving at least $100,000, close to the highest number recorded since the price bottomed on September 4. Furthermore, 37,892 unique ADA addresses made transfers in a single day, the most since September 4, prompting speculations of impending retail FOMO.
Another crypto analyst, Javon Marks, has echoed a bullish outlook for Cardano. He suggested that ADA might be entering one of its most bullish phases, predicting a potential price rally of over 531% to $2.7709. Based on historical trends from previous bull cycles, Marks also projected a more ambitious scenario where the price could soar by over 1,700% to $7.77, likely in 2025.
At the time of writing, Cardano is trading around $0.43, reflecting an almost 2% increase in the past 24 hours, according to CoinMarketCap.
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