Cardano (ADA) may be gearing up for a significant breakout, with top analysts predicting it could revisit its 2021 all-time high of $3.09. According to Ivan on Tech, a widely followed crypto analyst and trader, Cardano could soon move “vertically”, replicating past surges that saw the asset rapidly climb to new highs.
This insight came through the Angry Crypto Show on X (formerly Twitter), where Ivan on Tech emphasized that Cardano’s market structure signals a possible sharp upward move. At the time of writing, ADA trades at approximately $0.8259, marking a 0.65% decline over the past 24 hours. Over the last month, ADA has risen by 47.45%, although it still sits 73.33% below its peak price.
Previous High Targets Have Missed, But Momentum Is Shifting
While the current sentiment leans bullish, previous predictions have not materialized. Last year, analyst Dan Gambardello projected that ADA would break its all-time high within 30 to 60 days, citing historical market cycles and Cardano’s tech progress. However, that projection failed to materialize.
Similarly, early this year, Michaël van de Poppe expressed bullish sentiment around ADA. He pointed to improving market conditions as a possible catalyst for a breakout. In a more recent post, van de Poppe doubled down on ADA’s potential, forecasting a long-term price of $10.
Adding to the optimistic outlook, crypto influencer Becker stated that Ethereum’s strength might lift altcoins across the board. He specifically mentioned ADA among a group of coins, including XRP, DOGE, SUI, AVAX, and SOL, that could benefit from Ethereum’s rally.
Cardano’s Technical Indicators Support a Bullish Case
According to TradingView, Cardano is currently flashing strong buy signals across most of its short, mid, and long-term moving averages. While popular oscillators like the Relative Strength Index (RSI) and Stochastic remain neutral, the Momentum Indicator hints at a potential short-term upward movement. At the same time, the MACD reveals mild selling pressure, suggesting a mixed but slightly bullish short-term outlook.
ADA currently trades well above its pivot point of $0.60, with resistance levels projected up to $1.04, indicating the possibility of further gains. Additionally, analyst Crypto Hardy highlighted that Cardano has maintained an eight-year record of zero hacks and no network downtime, a rare accomplishment in the blockchain space. With ADA securing a weekly close above the key $0.74 support, Hardy identifies $1.13 as the next critical price target.
Related article: DeepSeek AI Predicts Cardano’s Rise to $10 This Bull Cycle — Here’s What’s Driving It
Long-Term Projections Range from $3 to $12
On the longer-term chart, analyst Mintern observed that Cardano has consistently formed descending wedge patterns, each followed by a strong breakout. According to his weekly chart analysis, ADA recently broke out of another wedge after bouncing from trendline supports near $0.7485 and $0.5298. If this pattern continues, Mintern expects ADA to retest its all-time high of $3.09 and possibly reach as high as $11 during this cycle.
Another prominent analyst, Tyler Burke, echoed this view. He predicts that ADA could rise to between $11 and $12 by 2026, based on historical accumulation patterns followed by parabolic upward moves. Burke’s chart on X depicts a multi-year sideways structure potentially coming to an end, leading into a sharp breakout.
Final Thoughts
While Cardano remains far from its all-time high, analysts across the board are growing increasingly confident in its long-term potential. With technical indicators pointing upward, key support levels holding strong, and widespread bullish sentiment among respected traders, ADA might be preparing for a powerful rally.
