Cardano ADA targets $13 by November 2025 - Minimum 2,000% gainsHi everyone!
In this publication, we will dive in the technicals and boom and bust cycles of Cardano or ADA :
Short-term:
ADA will likely hit $1.17-1.24 in March 2024 and pull back down to retest the previous top as support at 0.69-0.59c ~ which would be a great buying opportunity if it comes along. Reaching the ATH could be possible but currently is a low probability as the bulls are lagging a bit behind. It is likely that the test of the ATH would come much later in Q4 2024 or Q1 2025.
Midterm:
There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case ADA s clearly displaying those bottoming bull reversal patterns although still unconfirmed:
(1) Basing with a double bottom at 0.262-0.219c
(2) Rounding bottom (half blue circle)
Long-term:
ADA is still attempting to break the top resistance block (red box) at 0.60-45c and is still very far from breaking the previous ATH at $3.10 which may come much later in Q2 2024 as mentioned earlier.
So buying know at 0.58c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make at minimum 2,000% in gains if my 2025 Megabull forecast plays out as expected and we see ADA top at either T1: $13 or at T2: $20-23 by October-December 2025.
Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of ADA and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $2.75-1.90 (more or less previous top holding as support and a good 83% drawdown from the T1 ATH).
Closing Notes:
This historical multiyear chart is my attempt at forecasting the action of Cardano for the next 4 years and will be updated regularly.
Please give a like and follow to this chart if you appreciate this chart and the work put behind it.
Best of luck and happy trading!
Carl M.
