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

A new analysis by crypto strategist Ali Martinez suggests Cardano (ADA) could be on the brink of a significant upward move. The projection estimates a potential surge to the $15 mark, representing a stunning 1,850% rally from current levels of about $0.76.

Martinez's fractal analysis draws a parallel between Cardano's price actions in the 2018–2021 cycle and its present structure. Historical data shows ADA consolidated before a parabolic rise; the current trajectory seems to mirror a similar pattern.

Immediate support is identified at $0.76–$0.80, with significant resistance around $1.60, aligning with the 0.5 Fibonacci retracement level. Longer-term projections suggest a rise to $15, with potential temporary resistances at the 0.618 and 0.786 Fibonacci levels ($2.00-$2.47).

Martinez's forecast hints at cyclical behaviors in crypto markets. Though not guaranteed, it underscores the critical level at $0.76, essential for another bull phase, contingent on broader market conditions.