Cardano rose from $0.72 to over $0.83 this week, in tandem with the Bitcoin price. There was also a sudden spike in ADA/JPY trading, which shot up in volume and hit $121.5 million in 24 hours. That made it the second most traded ADA pair globally.
Analyst’s Bold $8-$14 ADA Prediction
Crypto analyst Drini has shared a bullish ADA prediction on X. In the next market cycle, he expects a possible price range of $8 to $14 for Cardano. He breaks it down using two key metrics: the total crypto market cap, and ADA’s market dominance.
Drini points out that during the last bull cycle, the total crypto market cap peaked at the 1.618 Fibonacci extension level. If this pattern repeats, he expects the total crypto market cap could hit $6.5 trillion, which is just a drop compared to Wall Street’s $100 trillion equity market.
In the previous cycle, Cardano’s market dominance peaked at 4.5% of the total crypto market. If the same is applied to a $6.5 trillion market cap, then ADA’s market cap would soar to $292.5 billion, and its price would rally to $8 per ADA.
If things get really bullish and the total crypto market hits $10 trillion, a level backed by power law and regression models, Drini says that ADA could soar to $10–$14, with a market cap around $450 billion.
But all of this depends on how market factors play out. Drini clarified that this projections were not based on hype, but he backed it with data, past trends, and solid math. In the best-case scenario, Cardano would repeat its past dominance while the crypto market hits new highs.
Massive Bull Run Coming
Analyst Dan Gambardello also predicts that a massive ADA bull run is coming, while most people don’t expect it right now. He highlights that the MACD indicator on both the monthly and weekly charts is starting to show signs of a big move upward. This kind of pattern was seen right before ADA surged last cycle.
In the short term, ADA has broken out of a classic bullish pattern called the inverse head and shoulders and successfully held the breakout level. But its now facing resistance at the 200-day moving average. If it breaks above this level, we could see a strong rally. Otherwise, it could drop to $0.65 to $0.58.
On the upside, $1 is a key psychological level. If ADA pushes past $1, the next goal could be $1.20 to $1.25.
