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Cardano (ADA) has seen a massive rally in recent weeks, rising more than 81% in the past fourteen days. As the cryptocurrency continues to breach key levels, a renowned crypto analyst highlighted its potential 2,000% upside.
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Cardano will reach $6 in the third quarter of 2025
Crypto analyst Ali Martinez predicted that Cardano could reach the $6 mark in September 2025. Earlier this year, the analyst noted that ADA’s chart showed a pattern similar to 2020’s, suggesting the cryptocurrency could see a rally like the 2020-2021 bull run.
According to the post, ADA broke out of its two-year consolidation in early 2020 before regaining 75% and consolidating for most of the year. In November 2020, the token bounced out of the accumulation range and began its massive 4,000% rally, which lasted about nine months.
This year, Cardano has seen a similar move during the first phase of the cycle, reaching its high of the year at $0.81, before soaring 75% and consolidating between $0.6 over the past eight months -$0.27 price range.
Following the crypto market’s recent rally, fueled by Trump’s victory in the US elections and the Federal Reserve’s decision to cut interest rates by 0.25, Cardano has experienced a massive weekly increase of 50%.
Martinez previously predicted that ADA could make the first jump of the second stage on November 18, about two weeks after the US elections. However, the cryptocurrency regained the $0.6 support zone and broke above the $0.65 horizontal level earlier today.
This performance represents an eight-month high for Cardano, which has been heavily criticized for underperforming most altcoins. According to the chart, ADA could move sideways around this range in the coming days before challenging its year-high price.
If ADA continues to repeat the pattern of the last cycle, the cryptocurrency could reach the long-awaited $1 by the end of the year. Moreover, it could surpass its previous all-time high of $3.09 (ATH) in the first quarter of 2025 before entering price discovery mode.
Martinez suggested that Cardano could rise more than 2,000% towards the $6 mark, reaching its top between July and September 2025.
ADA among today’s market leaders
While most cryptocurrencies in the top 100 are moving sideways, the ADA is up 21% in the last 24 hours. The token rose today as the third best performer, behind XRP and ALGO.
In addition to general economic and geopolitical factors, the recent performance has also been fueled by speculation about Cardano’s possible involvement in the Trump administration.
On Thursday, a member of the World Economic Forum (WEF) and the United Nations (UN), Shawn, shared on X that re-elected President Trump is exploring a federal voting and identity verification system based on blockchain technology.
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Speculation arose when another X user claimed that Cardano founder Charles Hoskinson is “already in discussions with the Trump administration,” arguing that “they have been working with the state of Wyoming on voting systems for a few years now.”
Cardano has gained an impressive 84% over the past month, breaking above the $0.65 mark for the first time since late March and restoring its top 10 crypto position. At the time of writing, ADA is trading at $0.67.
Featured image from Unsplash.com, chart from TradingView.com
Credit : www.newsbtc.com
