Cardano (ADA) price is primed for a massive run to $13

This fractal also coincides with a spike in ADA/JPY trading volumes, making the pair the second highest traded after ADA/USDT.

Cardano (ADA) price is getting close to a massive rally to $13, which is supported by the formation of a critical bull market fractal. This fractal also coincides with a spike in ADA/JPY trading volumes, making the pair the second highest traded after ADA/USDT.

These two metrics suggest that ADA could outperform other altcoins.

Cardano price chart shows uptrend

Cardano price has witnessed a 14.1% increase over the past seven days, while its market capitalization rose by $4.64 billion during the same period.

At press time, Cardano trades at $0.8137 with an intraday gain of around 1%.

Cardano Explodes After Critical Fractal Breakout

The pre-bull market fractal in 2019 caused a small breakout, but the same fractal during the next bull run in 2021 triggered a staggering 11,412% rally in Cardano price. The pre-bull market fractal repeated in 2024, leading to a 188.01% pump, but as seen in the 2019 fractal, ADA retraced these gains and formed a local bottom at $0.0278.

As of May 23, the weekly chart shows that the bull market fractal breakout has occurred. If history repeats, the 461.8% Fibonacci extension level at $13 could be the next target. During this uptrend, ADA could pause around $4.8764, $13.6217, and $38.0501, which are the 261.8%, 361.8%, and 461.8% fib extension levels, respectively.

Cardano’s ADA/JPY Pair Volume Spikes 323%

Japan is finally showing interest in Cardano, as the ADA/JPY pair has recorded a massive surge in trading volume, making it the second most traded ADA pair globally.

Previously overshadowed by ADA/USDT, the ADA/JPY pair spiked by 323.24% to reach $143.24 million in trading volume. Notably, it surpassed ADA/USDT, which recorded a gain of 79.9% to reach $140.7 million.

Final Take

Given the bull market fractal observed on the latest Cardano price forecast, there is a strong likelihood that ADA’s price will not only set a new all-time high at $13 but also continue its upward trend towards new levels. Moreover, trading volumes in Japan for the ADA/JPY pair are also surging, which suggests growing interest in Cardano in the global crypto market.

These metrics suggest if Cardano’s volume remains positive along with the broader crypto momentum and investor interest, ADA could be on the verge of a historic price rally.

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