Cardano's History Repeating? $4 Price Target In Sight!

• Cardano’s current price action resembles its 2020 pattern, suggesting a potential bullish breakout, according to analysts.
• Cardano has reached a significant milestone, trading at $1.00 per coin, following key developments like ISO 20022 compliance and Coinbase listing.
• Analysts predict a significant price increase for Cardano, with some forecasting a 5x-10x return during the next bull market.

Cardano’s price chart shows historical similarities from 2018 to 2024, drawing the attention of market analysts. The latest chart formations include two significant price movements marked by consolidation phases followed by upward breakouts.

Cardano $ADA is shaping up like it did last cycle, making me think a big move is near. A push to $4 might happen within a few weeks!

The first pattern emerged during the 2020 COVID-19 market crash period. The token’s price moved sideways around the $0.30-$0.40 support levels marked by a rectangular consolidation period. These zones have historically served as important technical levels for ADA’s price action.

Following a period of consolidation, the price made a significant upward movement. The second pattern was observed in 2024, which also shows a rectangular consolidation pattern. As per renowned market analyst Ali, the current market structure of ADA looks similar to the 2020 pattern. Based on these historical records, a significant price increase could occur in the coming weeks. A move towards $4 is a possibility.

ISO 20022 Compliance and Coinbase Listing Boost Cardano’s Prospects

Echoing a similar sentiment, market analyst Michael van de Poppe recently suggested that ADA’s recent correction is likely to be short-lived, setting the ground for a new upward trend. Others believe that the token is the most undervalued asset in the top 10 and predicts at least a 5x-10x increase from this point until the top of the bull market. 

Moreover, Cardano has reached a significant milestone, trading at $1.00 per coin at press time. This comes on the heels of several key developments, including the integration of ISO 20022 compliance and its listing on major cryptocurrency exchange Coinbase.

Cryptocurrency analyst George CryptosR_Us anticipates strong growth for Cardano in 2025. The analyst believes that certain recent policy changes will create a favorable environment for the cryptocurrency.