- Cardano is showing signs of a breakout as analysts compare its price pattern to Bitcoin’s 2012–2013 bull run.
- It could reach $3.67 or even $10 if key resistance levels are cleared.
Cardano (ADA) is making headlines once again as analysts compare its current price behavior to Bitcoin’s legendary 2012–2013 bull cycle — a comparison that has fueled speculation of a breakout rally that could take ADA to new heights.
ALSO READ:Bitget Wallet Integrates Solana Pay for Global QR Code Crypto Payments
Cardano (ADA) Trades Flat but Sparks Bullish Hopes
At the time of writing, ADA traded close to $0.682, hovering near the flatline after reaching a 24-hour high of $0.7013. While the weekly chart showed a 9% loss, ADA still managed a 4% gain over the past 30 days. One noteworthy development is the 3% uptick in trading volume, now at $548.61 million — a sign of growing interest even in the face of caution, as reflected in a 1% dip in Futures Open Interest.
Despite this price stagnation, the mood among market watchers remains highly optimistic. Analysts point to ADA’s long-term chart, which they say mirrors Bitcoin’s early breakout pattern a decade ago. Dalin Anderson, a respected voice in the crypto community, noted that Cardano is forming a “super bullish pattern” that closely resembles BTC’s structure before its explosive rise in 2013.
Resistance Levels Could Trigger Rally to $3.67 or Beyond
According to Anderson’s analysis, if ADA continues tracking BTC’s historic trajectory, its market cap could swell past $130 billion. With ADA’s circulating supply sitting at approximately 35.34 billion, that would translate to a price near $3.67.
But bullish projections don’t stop there. Another analyst, Dan Gambardello, believes ADA could eventually reach as high as $10 — a move that would send shockwaves across the crypto market. However, he emphasized that ADA must first break through key resistance levels at $0.694 and $1.10 before such gains can materialize.
Catalysts Could Boost Market Sentiment
Adding to the bullish case is a recent development in the Cardano ecosystem. The platform’s new partnership with Snek Memecoin has attracted attention from investors, hinting at renewed developer activity and community engagement that could further support ADA’s long-term growth.
Although the broader crypto market remains volatile, Cardano appears to be setting the stage for a significant breakout. As it follows patterns reminiscent of Bitcoin’s historic surge, breaking critical resistance levels could open the door to a rally towards $3.67 or even $10 — turning ADA into one of the most watched coins this cycle.
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.
About the Author
