Cardano (ADA) has seen a 4% increase this week, with analysts predicting a potential 70% surge due to a bullish pattern. Despite a 3.5% daily dip in the global market capitalization, Cardano remains one of the few assets still in the green over the past seven days.

Analyst Captain Faibik confirmed ADA's "falling wedge breakout" after a long consolidation, indicating a potential 70% rally. This bullish chart pattern typically signals a possible reversal in the price trend.

Crypto educator XForceGlobal also expressed optimism, predicting a "massive shift" from the meme coin narrative to "high-cap dino altcoins," which could lead to significant volatility for ADA's price and a potential price explosion to nearly $3 by early 2025.

Indicators such as the Relative Strength Index (RSI) suggest that Cardano’s native token could be poised for a short-term uptick. Additionally, ADA has secured a spot among the top 10 cryptocurrencies in terms of development frequency, according to market intelligence platform Santiment.