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Cryptocurrency trading expert Alan Santana said that the Cardano token (ADA) is trading at only half of its potential. In a post on TradingView, the analyst emphasized that the token is ready for a significant breakout, according to technical analysis.
Alan’s conclusions stem from his observations of market trends. He noted that 2023 has been a year of recovery for Cardano, characterized by a relief rally. However, he sees the current correction phase not as a regression but as a harbinger of a significant uptrend.
Regarding potential price targets, the analyst suggested that Cardano could rise above $ 7 during the next bullish rally, which reflects a significant increase of over 1300% from the current price. In addition, the analyst emphasized the importance of identifying a «buy zone» for investors who want to benefit from Cardano’s long-term potential.
«We expect Cardano to go beyond $ 7 in 2025. It could even reach $ 8 or higher when the cryptocurrency market enters a bull market phase,» the expert said.
Renowned crypto analyst Ali Martinez remains confident in his forecast for Cardano (ADA), predicting a significant jump in its price. Martinez’s forecast, based on historical patterns and current market dynamics, suggests a potential increase of more than 300% in ADA over the coming weeks.