Cardano Could Explode By 1,850% In ‘Monster Parabolic Rally’: Analyst

Source Newsbtc

A new analysis by crypto strategist Ali Martinez suggests that Cardano (ADA) might be on the cusp of a significant upward move—potentially reaching the $15 price mark, which would represent a staggering 1,850% rally from current levels near $0.76. “If historical data is any guide, Cardano could be at the very beginning of a monster parabolic rally!” Martinez writes via X.

Cardano Fractal Analysis Points To Major Upside

Martinez’s chart (published on the 3-day timeframe) draws a parallel between Cardano’s price action in the 2018–2021 cycle and its present structure, highlighting a near-identical fractal pattern. In the previous cycle, ADA consolidated for several months within a defined horizontal range before staging a decisive breakout and retest of the upper boundary. That retest then led to a parabolic ascent spanning late 2020 into 2021.

Cardano price analysis

In the current cycle, Cardano appears to be retesting a similar support line, shown on Martinez’s chart as a horizontal band around $0.76–$0.80. If ADA were to follow the same trajectory that transpired in its last major rally, Martinez’s “monster parabolic rally” fractal implies a surge toward $15.

Immediate Support is currently at $0.76–$0.80. According to the chart, ADA is hovering just above a critical support zone—its role in the previous cycle was to provide a springboard for the bull run that followed.

The next significant resistance level is around $1.60, aligning with the upper boundary of the grey-highlighted zone on the chart. Notably this price level also aligns with the 0.5 Fibonacci retracement level drawn from the last bull market peak to the bear market bottom.

In the long term, the grey extended price line in Martinez’s chart illustrates the fractal-based projection, indicating that ADA could ultimately surge toward the $15 region. If ADA continues to follow this trajectory, the area between the 0.618 Fibonacci level ($2.00) and the 0.786 Fibonacci level ($2.47) could act as a temporary resistance zone, potentially causing a brief consolidation before the rally resumes its upward momentum.

Martinez’s view hinges on the idea that crypto markets often exhibit cyclical behaviors. In Cardano’s last major cycle, once a key horizontal level was reclaimed and successfully retested, momentum accelerated sharply, culminating in an explosive move. With the current market once again retesting a crucial support zone, Martinez posits that the table is set for another extended bull phase.

Of course, fractals are not guarantees of future performance; rather, they are visual aids that highlight how price structures can echo past market behavior. Whether Cardano follows this script depends on broader market conditions and investor sentiment. Still, the analyst’s forecast underscores why $0.76 is a level to watch.

At press time, ADA traded at $0.74.

Cardano price
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin No Longer Digital Gold? Gold and Silver Token Market Cap Hits Record $6 BillionThe scaling of tokenized gold will cause Bitcoin to lose its status as digital gold, but this is not necessarily a bad thing.On Thursday (January 29), driven by a surge in gold ( XAUUSD)
Author  TradingKey
9 hours ago
The scaling of tokenized gold will cause Bitcoin to lose its status as digital gold, but this is not necessarily a bad thing.On Thursday (January 29), driven by a surge in gold ( XAUUSD)
placeholder
Bitcoin Traders Target $93.5K Liquidation Sweep Despite Fed Rate PauseBitcoin's potential short liquidations highlight a $93,500 target, driven by over $4.5 billion in at-risk positions.
Author  Mitrade
13 hours ago
Bitcoin's potential short liquidations highlight a $93,500 target, driven by over $4.5 billion in at-risk positions.
placeholder
Dollar Slumps to Four-Year Low, Trump Still Says ‘Dollar Is Doing Great’?The U.S. dollar is facing its most aggressive sell-off in nearly four years, with the Bloomberg Dollar Spot Index dropping Tuesday to its lowest level since March 2022.Despite this, Presi
Author  TradingKey
Yesterday 10: 09
The U.S. dollar is facing its most aggressive sell-off in nearly four years, with the Bloomberg Dollar Spot Index dropping Tuesday to its lowest level since March 2022.Despite this, Presi
placeholder
Ethereum Is Already 20% Prepared for the Quantum Era, Says InterviewEthereum's drive for post-quantum security is advancing with strategic upgrades in execution, consensus, and data layers. The initiative is backed by the Ethereum Foundation's dedicated team. Ethereum aims to safeguard against future quantum threats well before they materialize.
Author  Mitrade
Yesterday 09: 12
Ethereum's drive for post-quantum security is advancing with strategic upgrades in execution, consensus, and data layers. The initiative is backed by the Ethereum Foundation's dedicated team. Ethereum aims to safeguard against future quantum threats well before they materialize.
placeholder
Top 3 Price Outlook: BTC Holds Above $89,000 as ETH Tests Resistance and XRP Stabilizes Near $1.90BTC trades near $89,300 after reclaiming $87,787 support and eyes $90,000, while ETH tests $3,017 and the $3,101 50-day EMA and XRP rebounds to $1.90 from $1.83 with $1.96 resistance and $1.77 downside risk.
Author  Mitrade
Yesterday 06: 43
BTC trades near $89,300 after reclaiming $87,787 support and eyes $90,000, while ETH tests $3,017 and the $3,101 50-day EMA and XRP rebounds to $1.90 from $1.83 with $1.96 resistance and $1.77 downside risk.
goTop
quote