Ali Martinez: Cardano can grow by 27%

The price of Cardano ADA $0.70 Cardano 7.24% Market capitalization $25.3 billion VOL. 24 hours $0.12 billion could rise by 27% if key resistance levels are broken through, according to technical patterns formed on the cryptocurrency’s charts. Currently, ADA is trading at $ 0.6209 and shows signs of forming a symmetrical triangle and the so-called bull flag, patterns that often precede strong market movements.

The analysis of crypto expert Ali Martinez shows that ADA is approaching the top of a symmetrical triangle, where the consolidation phase usually ends. At the same time, the formation of a bull flag is being monitored, a pattern that, in the event of an upward breakout, indicates the likelihood of an uptrend continuation. Against the backdrop of the previous volatility of ADA, such patterns have already led to an increase of more than 27%, which makes this scenario quite realistic.

In addition, the three-day chart of ADA against the dollar on Coinbase shows a falling wedge pattern, which in the past has preceded price increases. In the previous cycle, the same pattern led to a 354% increase in the token’s value. If history repeats itself, the long-term breakout target could be around $ 2.91.

However, despite the positive signals from the technical side, large ADA holders (the so-called «whales») have started selling off — about 180 million tokens were sold in five days. This could put pressure on the market, especially if retailers do not meet sufficient demand. This behavior has already affected short-term trends in previous cycles.

An additional factor affecting market expectations is the Cardano community’s vote on NCL’s 350 million ADA offering. 38.45% of the delegates supported the initiative, although the majority is still undecided due to a lack of details. This decision will determine how actively the platform will finance new projects, which will affect the value of the token in the long run.