Cardano (ADA) has been set up for an extraordinary rise that might push the price well over its peak. Renowned cryptocurrency market analyst Ali Martinez claimed that Cardano appeared to be mimicking a period of consolidation that historically came before a rise of around 2,980%.
Martinez stated that if all went according to plan, the price of ADA would rise by almost 1750%, reaching a new high of about $6.5.
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An Examination of Ali’s Shared Price Table
The crash that followed the COVID-19 epidemic is the only thing that separates the current consolidation period from the one that occurred between 2018 and 2020, according to the graphic that Ali described in the tweet.
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Notably, in the first quarter of 2021, ADA spiked to varying degrees because to the bull run that preceded the consolidation period mentioned.
Amazingly, ADA increased by about 100% in only seven days, setting the framework for a long bull run that saw ADA increase by around 2,980% to reach its all-time high (ATH) of $3.09 in September 2021.
Upon careful examination of Ali’s shared chart, it appeared that the price level indicated in it above $6.5, therefore the predicted $6.5 could as well have been the beginning of the extraordinary expected climb.
It’s important to note that the pricing chart showed July 2024–July 2025 as a possible window of time for the price estimate to materialise.
Martinez’s Price Trajectory Prediction’s Resistance Levels
The cryptocurrency researcher predicted that Cardano will first run against strong resistance at the $0.45 mark in order to break through and reach new price highs.
Remarkably, since the start of the year, ADA has only once broken beyond the $0.45 price mark, in the middle of April. The token’s price has been below $0.45 ever since.
Martinez said with confidence that ADA will break over $0.45 by the first week of December, even if the conditions mentioned above seemed to create a convoluted picture of ADA exceeding the $0.45 price level.
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Martinez said that the $0.75 price level would be the next target after breaking over the important resistance level, and he predicted that this would occur in late December.
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