A closely followed crypto strategist says XRP is giving off the same bullish signal it flashed late last year before triggering a parabolic surge.

Analyst Ali Martinez tells his 110,100 followers on the social media platform X that XRP may be gearing up for a new leg up based on its SuperTrend indicator.

The SuperTrend indicator is a technical analysis tool that aims to identify potential entry and exit points based on an asset’s trend.

Says Martinez,

“The last time the SuperTrend indicator flipped bullish on the 12-hour chart, XRP went up 470%… It just flipped bullish again.” 

At time of writing, XRP is trading for $2.28.

Turning to Cardano, the trader thinks that ADA looks poised for a big rally after breaking out from a bullish continuation pattern on the daily chart.

“Cardano ADA is breaking out of a bull pennant, targeting $3!”

At time of writing, ADA is worth $0.99.

Next up is the top memecoin Dogecoin (DOGE), which the trader says is being gobbled up by deep-pocketed investors.

“Whales bought 140 million Dogecoin DOGE in [24 hours]!”

Martinez also notes that traders are currently bearish on Dogecoin, suggesting that the meme token may be primed to go against the crowd.

“Dogecoin DOGE weighted social sentiment is at -0.60, which means the crowd remains very pessimistic about its upside potential. This might be a good time to be a contrarian!”

At time of writing, DOGE is trading at $0.35.

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Widely followed analyst Michaël van de Poppe believes it’s only a matter of time before Bitcoin (BTC) and altcoins regain their bullish momentum.

The trader tells his 759,000 followers on the social media platform X that he thinks Bitcoin and altcoins are close to carving a local bottom.

According to Van de Poppe, crypto will witness renewed rallies once the market pullback is over.

“The correction is almost over and the time for up only is on the horizon for altcoins and Bitcoin.

Expecting a lot to come.

The optimal entries for longs on Bitcoin are around $90,000 and we’re getting those.” 

Looking at Bitcoin itself, the crypto strategist thinks BTC will continue to see lackluster performance until US President-elect Donald Trump takes office.

“The scenario on Bitcoin remains the same.

I’m still expecting that we’ll see some more downward momentum pre-Trump and return upwards from there.

The ideal area is around $90,000.”

At time of writing, Bitcoin is trading for $93,855.

As for the native asset of the popular layer-1 platform Cardano, Van de Poppe thinks ADA is in the process of bottoming out. He also predicts that ADA will print a new all-time high late this year or in 2026.

“The scenario remains the same.

Pretty heavy run upwards and a 40% correction.

I think we’re getting towards the end of this correction, through which I’m expecting a new leg up for things like ADA.”

At time of writing, ADA is worth $0.85.

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Cardano (ADA) price has been navigating a downward trajectory since hitting its peak price of $1.30 earlier in the year. Despite a modest uptick during the Christmas season, the persistent bearish pattern has led investors to reconsider their stakes in ADA. The cryptocurrency’s continued presence in a descending channel raises questions about its potential to reach new highs in 2025.

How Cardano Price Can Hit ATH in 2025

Cardano price is projected to achieve a new all-time high (ATH) by 2025, based on a technical analysis chart. The chart delineates a potential head and shoulders pattern, indicating a bullish reversal could propel ADA’s price beyond previous records.

The analysis pinpoints several critical zones and trajectory paths that ADA might follow in the coming years. Initially, the currency faces a substantial support zone around $0.567. If this level holds, it could form the base for a potential surge. According to the chart, after touching this support, the top altcoin might ascend to test higher resistance levels.

Experts suggest that a significant rise could occur post-2024, following the completion of the right shoulder of the pattern. This movement aligns with a projected trendline that sees ADA gradually climbing, potentially peaking at $3.09, which would surpass its former ATH.

The pattern analysis on the chart highlights a drop of approximately 7.75% from the neckline of the head and shoulders pattern. Such retracements are common in bullish reversals, often seen as consolidation before a strong upward movement.

ADA Price Analysis

Cardano price has seen a recent dip below the critical $1 threshold after briefly peaking earlier this month amidst a wider bullish trend in the crypto market. Despite this setback, there’s potential for ADA to rebound by 20% come January 2025, possibly reaching the $1.20 level. 

If the momentum continue, a surge to $3.10 is conceivable, replicating its 2021 performance. Conversely, a bearish turn could push its value below $0.80.

Currently, the ADA price trading value has decreased by 1%, sitting at $0.8612. Nonetheless, there’s a noticeable 50% increase in market volume, now at $891 million. This uptick indicates a growing interest in Cardano, even amid price fluctuations.

In conclusion, while the Cardano price journey back to its ATH by 2025 faces significant challenges, the potential for a bullish reversal remains. Continued support and market interest could indeed set the stage for ADA to reach new heights.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.