Price Target If ADA Run Starts

A similar pattern has now emerged in the current cycle. Specifically, after Cardano broke out of a descending channel in November 2024 to reach a high of $1.327 in December, the cryptocurrency is now retesting a key support area. The OB, between $0.51 and $0.42, aligns closely with the former resistance trendline, serving as a crucial point for a bullish price development.

If ADA bounces from here, then it might repeat the price growth recorded in the previous occurrence. A 3,000% rally from the current market price would take ADA to around $14.5. However, this exact growth might not materialize due to ADA’s large market cap and the concept of diminishing returns.

Meanwhile, Crypto Patel highlighted three targets for the rally and a point of invalidation.

The first target is the resistance at $1.202, which represents a 157% gain. The second resistance target is at the $2.949 mark, culminating in a 531% increase from the current market price. Ultimately, he predicts a rally to $5.811, which would mark a 1,144% growth from here.

However, the analyst highlighted that a dip to $0.35 would invalidate this pattern. ADA would have to fall another 25% from its current market price to reach this level