Cardano (ADA) is up 4% this week, with analysts predicting a potential surge of up to 70% due to the bullish pattern. Indicators suggest the asset could see further upside, with some signaling a significant price increase as early as 2025. 🚀

Most major cryptocurrencies have fallen significantly in the past week, while the global market capitalization is down 3.5% per day, currently standing at around $2.35 trillion. However, some assets are still in the green on a seven-day scale, with Cardano (ADA) as one example. The price rose 4% for the period, while analysts expect much more significant increases in the future.

User X, Captain Faibik, claimed that ADA's “falling wedge breakout” was finally confirmed after a long consolidation, meaning a 70% upside could be expected.

Another X user, XForceGlobal, is also optimistic. The crypto educator thinks there could be a “major shift” from the meme coin narrative to “high capacity dino altcoins” in the coming months. The analyst concluded that this could lead to major volatility for ADA prices and a price explosion to almost $3 by early 2025.

For those curious to explore other Cardano predictions, feel free to check out our video below:

ADA Gaining Momentum

Several important indicators suggest that Cardano's native token may indeed be poised for a bull run in the short term.

The Relative Strength Index (RSI), which measures the speed and change of price movements, has been relatively low of late, currently sitting at 51. This metric ranges from 0 to 100, with a ratio above 70 signaling a possible correction.

On another note, ADA has earned a place in prestigious rankings. According to market intelligence platform Santiment, it is among the top 10 cryptocurrencies in terms of development frequency.

What do you think about this prediction? Come on, discuss it in the comments column! 😄