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Analyst Predicts Cardano Price Rally To $7, Here’s Why
Crypto analyst Javon Marks has provided a bullish outlook for the Cardano price. The analyst predicts that ADA could rally to as high as $7 based on historical trends from the last bull cycle.
Cardano Price Could Rally To $7 If History Repeats Itself
In an X post, Javon Marks predicted that the Cardano price could rally to $7 if history repeats itself. This came as the crypto analyst noted that Cardano has recovered much of its recent pullback in a “significantly positive candle.”
Marks further remarked that there could be an uptrend continuation ready, which can lead to the target of $2.7709. Following a potential rally to this target, the crypto analyst then raised the possibility of another parabolic rally to $7.
He stated that the rally to $2 could only be the start, with the $7.8 level being possible in a full run similar to the last bull cycle. A run to $7.8 would represent a price gain of over 618% for Cardano from its current price level.
Crypto analyst Ali Martinez’s analysis also made reference to the 2021 bull run as he predicted that the Cardano price could rally to $4 in a few weeks.
The analyst drew parallels between the ADA’s current price action and its performance between November 2020 and August 2021, around when the crypto reached its current all-time high (ATH). In line with this, Martinez predicts that a surge to $4 could happen in the coming weeks.
A Rally To $2 Could Happen This January
In an X post, crypto analyst Sebastian predicted that the Cardano price could rally to $2 this January. This came as he noted that the ADA price has surged 12% today and is one of the leading gainers in the crypto market.
The analyst opined that the Cardano is about to record a new local high very soon and added that a rally to $2 by the end of January sounds achievable at this point.
Crypto analyst Satoshi Stacker also provided a bullish outlook for the ADA price. He stated that Cardano is easily pushing through resistance levels. The analyst added that this momentum is truly explosive and that the crypto wants to rally higher.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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.
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