Analysts Predict Cardano Price Surge to $7, with $2 Rally Expected in January

Highlights:

• Analysts predict Cardano could surge to $7, starting with a potential rally to $2.77.
• Cardano is showing bullish signs, following a trend similar to its 2020/2021 cycle.
• Cardano’s recent surge positions it as a top performer, aiming to stay above $1.

In an X post, crypto analyst Javon Marks predicted that the Cardano (ADA) price could rally to $7 if history repeats itself. The crypto analyst said Cardano recovered from its recent pullback with a “positive candle.” Marks believes an uptrend could reach $2.7709. After that, he sees a potential rally to $7.

Advertisement

He suggested that the rally to $2 might just be the beginning, with $7.8 possible in a full run like the last bull cycle. Reaching $7.8 would represent a 618% increase for Cardano from its current value.

$ADA (Cardano) recovers much of its recent pullback in a significantly positive candle here and could be continuation ready which can lead to the target at $2.7709!

This could consist of another +150% upside but history says that those levels may only be the start, with $7.8… https://t.co/bD0drVW2gN pic.twitter.com/D7iVpRQ02c

— JAVON⚡️MARKS (@JavonTM1) January 3, 2025

Cardano Price on Track to Claim $4, Says Ali Martinez

Crypto analyst Ali Martinez also provided a bullish outlook, revealing that Cardano is following a path similar to its 2020/2021 market cycle. He shared a 4-day ADA chart to support this analysis.

ADA’s Historical Data

The chart data shows that Cardano’s price dropped from a peak of $0.3885 in April 2018. It then entered a significant downtrend and consolidation phase by November of that year. This bearish period lasted for 670 days. The COVID-19 crash further worsened the situation, bringing the price down to $0.0177 in March 2020.

In May 2020, ADA broke out of the consolidation channel. In November 2020, Cardano entered a strong uptrend that persisted until August 2021, during which the price surged significantly, peaking at an all-time high of $3.1. During this period, Cardano surged by 4,095%. Following the Terra and FTX implosions in 2022, Cardano, like the rest of the market, collapsed. The asset then entered a prolonged bearish consolidation channel for 457 days and broke out of this channel at the start of the ongoing bull run in Q4 2023.

Cardano didn’t join this cycle’s uptrend until early November, after Donald Trump’s U.S. election victory. ADA is up 217% since then, but Martinez believes the rally is just starting. He anticipates Cardano price will maintain its upward trend, aiming for $4 in the next few weeks.

#Cardano $ADA is shaping up like it did last cycle, making me think a big move is near. A push to $4 might happen within a few weeks!

You don't even have to risk your own capital. Go to @SimpleFXcom via my link https://t.co/GLjkpQvfTT and claim the $5,000 bonus. Thank me later! pic.twitter.com/4XgFpFurlI

— Ali (@ali_charts) January 2, 2025

Cardano is currently priced at $1.08, up over 4.33% today. Daily trading volume also increased by 51%, reaching $2.25 billion, suggesting potential for a sustained rally. According to Coinglass data, ADA’s open interest is up 15%, totaling $958 million. Amid the price surge, 24-hour liquidations soared to $5.3 million, including $3.28 million in short liquidations.

Cardano Set for $2 Rally in January

In an X post, crypto analyst Sebastian predicted that Cardano could rally to $2 this January. The analyst believes Cardano is about to hit a new local high soon. Crypto analyst Satoshi Stacker also shared a bullish view on ADA. He noted that Cardano price is breaking through resistance levels with explosive momentum, signaling further potential for a rally.

Moreover, Charles Hoskinson, Cardano’s founder, believes the network will reach new heights. Adding Bitcoin DeFi through BitcoinOS could bring billions to Cardano. Hoskinson believes Cardano’s upgrades and partnerships will boost the network. He also hinted at working with SpaceX.

Advertisement