A prominent crypto analyst has forecasted a major breakout for Cardano (ADA), suggesting the coin could hit $4 despite the ongoing uncertainty clouding the broader cryptocurrency market.
According to ALLINCRYPTO’s April 18 post on X, Cardano is potentially entering the final phase of a bullish cycle, drawing parallels to its historic 2020-2021 rally. The analyst pointed to previous market data, suggesting a similar trajectory could push ADA toward the $4 mark. The prediction has caught the attention of the crypto community, sparking both excitement and skepticism.
History set to repeat for Cardano $ADA…. we are just following last cycles price action. Major run ahead 👇 pic.twitter.com/FDhiWIhBDB
— ALLINCRYPTO (@RealAllinCrypto) April 18, 2025
Supporting the bullish outlook, fellow analyst Ali Martinez highlighted in a separate post that ADA is consolidating within a triangle pattern—a technical structure that could lead to a 30% price surge. Martinez’s chart analysis indicates potential momentum building for ADA, especially if the coin breaks above resistance levels in the coming days.
Currently, Cardano is trading at $0.6298, marking a 2.5% increase over the last 24 hours. The intraday range for ADA spanned from a low of $0.612 to a high of $0.6341, reflecting modest yet steady upward movement.
However, recent on-chain data has tempered investor enthusiasm. Martinez revealed that whales have offloaded a staggering 180 million ADA tokens in just five days. This massive sell-off has triggered concerns about waning market confidence and potential short-term volatility.
Also Read: Cardano and Dogecoin Flash Bullish Signals
Adding to the cautious sentiment, CoinGape’s technical analysis suggested that bears remain in control of Cardano, based on a three-month bias indicator. While long-term forecasts remain optimistic among some analysts, the immediate market signals are mixed.
With bullish predictions clashing against whale activity and bearish sentiment indicators, ADA investors are left navigating a complex landscape. Whether Cardano can replicate its historic highs or falter under selling pressure remains to be seen. For now, the road to $4 is paved with both hope and hesitation.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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