Amid the crypto market downtrend, crypto analyst Master Ananda has provided a bullish outlook for the Cardano price, predicting it can still reach a new all-time high (ATH) of $8.11. The analyst also raised the possibility of ADA reaching $10. 

Cardano Price To Reach New ATH Of $8.11

In a TradingView post, Master Ananda predicted that the Cardano price could rally to a new ATH of $8.11 as it records “massive growth” this year. The analyst affirmed that ADA is officially in bull market territory following the completion of the first wave of the initial bullish breakout. In line with this, he predicts a new wave that could send Cardano to this $8 price target.  

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Master Ananda further explained that the initial bullish breakout peaked very early in December last year. The analyst noted that such a strong bullish wave will always lead to a correction, which explains why the Cardano price is witnessing a significant crash alongside the broader crypto market. 

The crypto analyst assured that the present correction doesn’t mean much for the market. He further remarked that this is just a period of rest while the players, traders and market participants consolidate all previous gains. Master Ananda added that the market needs to adapt to the previous massive phase of growth. 

Further Analysis Of ADA’s Bull Market Price Action

Master Ananda noted that in a bullish market, a correction will always end in a higher low. According to him, the higher the low of the higher low, the stronger the chart or pair is considered. He gave an example of the ADA/USDT paid which launched the previous bullish wave from a baseline of $0.3000.

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The correction higher-low ended at around $0.6000 for the Cardano price, which the analyst noted is 100% higher than the baseline price. Master Ananda remarked that this means that Cardano is super strong. He also revealed that the first peak ended around $1.35, which he claimed is “awesome.”

Furthermore, the crypto analyst noted that from a low of $0.2756 in August 2024, this move adds up to a total growth of around 375%. However, he asserted that there will be more for the Cardano price this time around in this 2025 bull run. Alluding to his accompanying chart, Master Ananda highlighted $2, $4.84, $8.11 and even $10.5 as the new 2025 peak potential. 

Master Ananda stated that he is sharing this Cardano price action analysis now because he believes that ADA is witnessing the establishment of a short-term higher low. The first low happened in early February and now the second is happening. He asserted that the second higher low will launch the next bull market bullish wave. 

At the time of writing, the Cardano price is trading at around $0.59, down over 11% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Adobe Stock, chart from Tradingview.com

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.

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.

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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.

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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.

Featured image from Shutterstock, chart from TradingView.com

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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