by Sana Bukhari
A crypto analyst believes Cardano (ADA) will rise dramatically from its recent lows despite its current downward trend. Following his analysis the expert sees ADA rising to $7 within a substantial 264% increase from today’s market price.
Between December 2022 and now Cardano registered an almost 50% decrease in its total market value after hitting its peak in the previous year. Buyers in the market now show caution after seeing the death cross chart setup which typically predicts price drops. Experts maintain positive perspectives on ADA’s possible growth path.
Crypto analyst Javon Marks forecasts on X (Twitter) that Cardano will experience substantial price growth. Based on his new outlook Marks sees ADA reaching $7.8 before long. The forecast suggests ADA could rise by 975% from its present levels if realized.
$ADA (Cardano) currently holding ANOTHER set of Higher Lows and these have recently been leading into higher upside moves for prices and with a target over +264% away at $2.7709 that is in play, the next leg towards can be a matter of time.
Previous Bull Perfomance suggests much… https://t.co/A2q2nNaA7y pic.twitter.com/M6RenOzNCz
— JAVONMARKS (@JavonTM1) March 19, 2025
Is Cardano Price Set To Soar? Analyst Predicts 264% Surge
Marks studies the chart data from five days in 2023 to show a trend of increasing high points and low points. According to his analysis the bullish cycle repetition shows Cardano is ready for a major price climb.
When relying on a five-day chart for analysis the results tend to remain uncertain because such assessments need extended observation periods.The future growth of Cardano depends directly on what happens throughout the wider market.
These main market factors will determine ADA’s price development during the following months.
- The potential approval of a spot ADA ETF
- A broader cryptocurrency market rally
- The upcoming integration of BitcoinOS
ADA maintains its current trading position within the lower part of the price range below $0.80. The highest March 2024 trading swing points at $0.80 define the part of a cup and handle pattern that signals future growth.
Cardano has a distinct advantage because its price chart shows an Elliott Wave pattern. The token stays inside the second segment of this pattern where prices move downward. Through history the longest and highest rising phase proves dominant over the other two stages.
Cardano coin could move towards $2 while meeting the price level of the 61.8% Fibonacci Retracement zone. The expected price rise would bring ADA up to about 180 percent higher than its existing market level. When this rally continues it might reach $3.1 and create a price increase of 335%.
The forecast needs evaluation based on all known investment dangers. The prediction remains true only if Cardano suffers lower prices below $0.512 and disrupts the defined Elliott Wave formation.
While Marks projects Cardano could grow in value traders need to assess various elements before putting their money into the market. The following months will show if ADA can bounce back from its downward movement and start moving up again.
#blockchain #crypto, #decentralized, #distributed, #ledger
This news is republished from another source. You can check the original article here
