Cardano (ADA) Ready to Bullish to $2? Here’s Analysis from Crypto Analysts!

Jakarta, Pintu News—Cardano seems to be giving strong indications of a potential future price surge in the often unpredictable cryptocurrency arena.

Renowned analyst Ali Martinez recently highlighted a bullish breakout pattern that could push the price of ADA up to $2.

While the crypto market generally has ups and downs, ADA is showing impressive strength and momentum, with gains reaching 47.1% in just one week.

Check out the full analysis below!

Technical Analysis of Ali Martinez’s ADA

Ali Martinez, a prominent figure in crypto analysis, has observed a significant descending wedge pattern on the ADA price chart. This pattern usually signals the possible beginning of a major price increase.

If ADA can break the resistance level at $1.14, it could trigger a strong upward wave towards $2. This prediction has become a hot topic on social media platforms and sparked much investor discussion about ADA’s upside prospects.

Martinez also emphasized that similar patterns have proven effective in predicting large price movements. With the current volatile market conditions, many investors are considering Cardano a potentially more stable investment than other crypto assets.

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Increased Transactions by Whale

According to data from Santiment, a blockchain analytics company, there has been an increase in large transactions on the Cardano network, peaking in the last three months. Transactions involving more than $100,000 indicate increased interest from large investors or whales.

This is often considered a positive signal indicating whale accumulation, bringing stability and potential price increases. Furthermore, the average age of ADA tokens held in wallets has decreased, signaling that more tokens are back in circulation in the market.

This decrease in token age usually correlates with increased trading activity, which can lead to higher market volatility. However, traders can also utilize this condition to exploit price fluctuations.

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Long-term Price Increase Prospects

Beyond the short-term target of reaching $2, other analysis suggests that ADA has the potential to go up to $12 in a broader bull market. CryptoElites’ analysis of a cup-and-handle pattern indicates the possibility of significant upside if the current trend continues.

Some price targets set included $2.50, $3, and $6 before finally reaching $12. This rise was driven not only by technical analysis but also by increased activity within the Cardano network.

With strong support from various analysis and on-chain data, long-term investors may see this as an opportunity to strengthen their position in ADA.

Conclusion

With various technical and fundamental indicators pointing to upside potential, Cardano (ADA) seems to be gearing up for a major rally. Investors and traders are advised to closely monitor these indicators and consider taking positions before a major breakout occurs.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• The Crypto Basic. Analyst Reveals How Cardano Could Trigger a Bull Rally to $2. Accessed on March 10, 2025
• Featured Image: Bitcoinsensus