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Cryptocurrency News Articles
ADA Could Hit $8–$14: Bullish forecasts from Drini and Gambardello suggest Cardano could see major gains in the next crypto cycle.
May 23, 2025 at 08:09 pm
ADA price climbs past $0.83 as it breaks bullish patterns, with $1 and $1.25 as key resistance targets.
Analyst Predicts ADA Could Hit $8-$14 in Next Bull Cycle
Technical Breakout Fuels ADA Surge
As Bitcoin price rose this week, in tandem with the BTC move, Cardano also saw a huge surge, especially on the JPY pair, which saw a sudden spike in trading volume and hit $121.5 million in 24 hours. That made it the second most traded ADA pair globally.
After a brief correction, ADA price saw a technical breakout as it broke past a classic bullish pattern, forming the inverse head and shoulders, and also managed to hold the breakout price level.
Chart: Trading View
At the same time, ADA is facing resistance at the 200-day moving average. If it manages to break this level, we could see a strong rally towards the psychological level of $1.
On the downside, if it fails to hold the breakout price and drops below it, it could continue to fall and test the next support at $0.65 to $0.58.
If it pushes past $1, the next goal could be $1.20 to $1.25, which is the confluence of the 1.236 Fibonacci extension and the 1.618 internal fib, offering strong resistance.
Analyst Predicts $8-$14 Price Range For ADA In Next Cycle
Crypto analyst Drini has shared his bullish ADA prediction for the next market cycle, suggesting a possible price range of $8 to $14 for the altcoin. He breaks it down using two key metrics: the total crypto market cap, and ADA’s market dominance.
Drini notes that during the last bull cycle, the total crypto market cap peaked at the 1.618 Fibonacci extension level. If this pattern repeats, he expects the total crypto market cap could hit $6.5 trillion, which is still a small fraction compared to Wall Street’s $100 trillion equity market.
In the previous cycle, Cardano’s market dominance reached a high of 4.5% of the total crypto market. If the same is applied to a $6.5 trillion market cap, then ADA’s market cap would soar to $292.5 billion, and its price would rally to $8 per ADA.
But if things get really bullish and the total crypto market hits $10 trillion, a level backed by power law and regression models, then ADA could soar to $10-$14, with a market cap around $450 billion.
However, Drini clarifies that these projections are not based on hype, but rather on data, past trends, and solid math. He also acknowledges that this is the best-case scenario, where Cardano would repeat its past dominance while the crypto market continues to rise to new highs.
Analyst Predicts Massive ADA Bull Run
According to Dan Gambardello, a massive ADA bull run is coming, though most people don’t expect it. He says the MACD indicator on both the monthly and weekly charts is showing signs of a big move upward. This kind of pattern was seen right before ADA surged last cycle.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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