 ▲ Cardano (ADA) |
Cardano (ADA) is perfectly replicating a technical pattern that historically preceded explosive bull markets, raising strong expectations that it could surge more than 3,000% from its current price to reach the $9 mark.
According to financial media outlet Insider Muna on February 19 (local time), cryptocurrency analyst Ali Martinez stated that Cardano has ended its prolonged downtrend and entered the early phase of a historic bullish cycle. In particular, technical indicators nearly identical to those seen just before the 2021 rally have emerged, suggesting that a rise of approximately 3,114% from current levels to $9 is well within reach.
The core of the technical analysis lies in a bullish divergence completed on the three-day chart and the formation of a golden cross in the Moving Average Convergence Divergence (MACD) indicator. As the Relative Strength Index continues to post higher lows, price action is showing a classic accumulation signal, compressing energy near the bottom range and signaling the potential for a powerful rebound. Martinez noted that this setup closely resembles the conditions that preceded the record-breaking surge to the previous all-time high of $3.10.
Accelerating integration into the institutional financial system is also emerging as a decisive factor driving Cardano’s valuation higher. The Chicago Mercantile Exchange (CME) listed Cardano futures on February 9, effectively lowering barriers for institutional investors and marking its elevation to a mainstream asset alongside Bitcoin (BTC) and Ethereum. The establishment of regulatory frameworks, including the GENIUS stablecoin bill and proposed U.S. cryptocurrency market structure legislation, is further reducing market uncertainty and fueling investor enthusiasm.
From a network fundamentals perspective, growth has also been remarkable. Total value locked in decentralized finance within the Cardano ecosystem continues to hit new all-time highs, while projects aiming to capture the real-world asset tokenization market are rapidly joining the network, leading to a sharp increase in practical use cases. Although the current price remains below the short-term resistance level of $0.44, a breakout above this threshold is widely expected to pave the way for sequential moves toward $1 and $1.30, marking the beginning of a full-fledged upward wave.
For Cardano to reach the unprecedented target of $9, a moderate macroeconomic recovery and broader liquidity inflows into the cryptocurrency market will be necessary. Nevertheless, the mere fact that the historic accumulation pattern, which previously delivered multifold returns to investors, appears to be forming once again is driving market expectations to a peak. Global investors are closely watching whether Cardano can reclaim the spotlight and achieve overwhelming returns in the emerging digital financial order.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses incurred based on this information. The content should be interpreted for informational purposes only.*