
Could Cardano Make a Run for Its All-Time High?
A handful of crypto analysts are starting to whisper about Cardano (ADA) again—not just as a slow-and-steady project, but as something that might actually wake up and move. Ivan on Tech, a trader who’s been around long enough to know bull runs when he sees them, thinks ADA could go “vertical” soon. That’s trader-speak for a sharp, sudden climb. And if it happens, we might see ADA flirting with its old peak of $3.09, last hit back in September 2021.
Right now, ADA’s sitting at $0.84693, up about 2% in the past day. Not bad, but still a long way off from those glory days. It’s down roughly 72% from its all-time high, even after a 51% jump over the last month. So, is this just another dead-cat bounce, or something more?
The Case for a Breakout
Some charts are hinting at momentum. TradingView data shows most of ADA’s moving averages—short-term to long-term—flashing buy signals. The Momentum indicator leans bullish, though other tools like the RSI are stuck in neutral. The MACD, meanwhile, suggests some sellers are still lurking.
But here’s the thing: ADA’s holding above $0.60, a key pivot point, and there’s room to run before hitting resistance near $1.04. Crypto influencer Becker tossed ADA into a list of altcoins—XRP, DOGE, SUI, AVAX, SOL—that could ride Ethereum’s coattails if ETH stays strong.
Then there’s Hardy, another analyst, who pointed out something interesting: Cardano’s network hasn’t had a single hack or downtime in eight years. That’s rare in crypto. He’s bullish after ADA closed the week above $0.74, with $1.13 as the next target.
The Bigger Picture
Mintern, another trader, shared a weekly chart showing ADA following a pattern that’s played out before: descending wedges, followed by breakouts and rallies. The latest wedge broke after ADA bounced off support around $0.7485 and $0.5298. If history repeats, we could see another push toward $3—or higher.
And then there’s Tyler Burke, who’s thinking even bigger. His take? ADA might hit $11 to $12 by 2026. That’s a wild call, but his chart shows years of sideways movement—what traders call “accumulation”—before parabolic jumps.
Of course, none of this is guaranteed. Crypto moves fast, and sentiment shifts quicker than the weather. But for the first time in a while, Cardano’s got people talking again. Whether that translates to price action? Well, we’ll see.