Another Monster Parabolic Rally On The Way For Cardanos ADA If History Repeats, Says Top Crypto Strategist
Sentiment around Cardanos ADA cryptocurrency is waning, with the token falling by nearly 22% over the last week, according to CoinGecko data. The outlook seems even grimmer when looking at ADAs monthly chart, which shows a 35.9% loss for investors who purchased the crypto above $1.1.
Nonetheless, a popular crypto analyst says that it could be gearing up to unleash another monster parabolic spike.
Ali Martinez told his 123,000 followers on the X social media platform that ADA may be following in the footsteps of its previous market cycle when the asset ignited a meteoric ascent to new highs.
ADA Headed To $15 ATH?
In a recent post on the social media platform X, Ali Martinez suggested that ADA could be on the verge of an explosive breakout if historical patterns are anything to go by.
Martinez shared a chart comparing ADAs current price setup and its 2021 rally. In 2021, ADA printed a similar structure that preceded the parabolic advance, which propelled the asset to its current all-time high of $3.09 in September 2021.
The chart shows a consolidation period where the 10th largest crypto lingered within a tight range before surging higher. The trader highlighted this critical breakout point from the 2021 cycle with a shaded zone, with a similar shaded zone in 2025. If history repeats, another parabolic rally could be on the horizon for ADA.
Looking at Martinezs chart, he predicts ADA will soar above $15 if his parabolic rally materializes. However, he notes that ADA could first retest lows around 5 cents before rallying to new lifetime highs. This view is further supported by Martinezs comment, suggesting theres still time to prepare., ADA would set its sights on the double-digit price point after the ultimate breakout.
Its worth mentioning that Martinez is not the only crypto commentator with a bullish view of Cardanos ADA. As ZyCrypto reported last month, chart expert Peter Brandt forecasted that ADA was primed for what he termed a grand bull market, noting that the coin had bottomed out.
Text source: ZyCrypto
