The cryptocurrency market has been facing a notable price drop since the beginning of 2025. Amongst this turmoil, Cardano (ADA) has caught the attention of experts as it seems to be forming a pattern similar to the one it exhibited in 2020 to 2021 before it skyrocketed parabolically.
A renowned crypto analyst recently took to X (formerly Twitter) to highlight the resemblance between ADA’s current price action and the pattern it followed back in 2020. According to the expert, ADA seems to be mirroring the 2020 pattern at a slower pace, suggesting a potential parabolic rally on the horizon.
In the weekly ADA chart shared by the expert, it can be observed that from 2020 to 2021, the price of ADA surged from $0.12 to $3, marking an impressive 2,600% price increase. If ADA replicates this rally successfully, there is a strong possibility that it could surge by 1,960%, reaching the $15.70 mark in the future.
Achieving such a rally in the cryptocurrency realm is not far-fetched. Factors such as political support, increasing cryptocurrency adoption, strategic reserves, and the emergence of crypto ETFs could serve as catalysts to propel the crypto industry to new heights.
As of now, ADA is trading around $0.79, experiencing a modest 1.50% price uptick in the last 24 hours. However, the trading volume has decreased by 30%, indicating lower participation from traders and investors compared to the previous day. Despite the overall positive momentum in the cryptocurrency market, ADA’s mild gains are attributed to the resistance it has been encountering over the past three weeks.
In terms of price action, ADA is currently hovering near a critical resistance level of $0.85 and appears to be struggling to surpass it. If ADA manages to breach this resistance level and close a daily candle above $0.85, there is a strong likelihood that it could surge by 35% to reach the $1.14 level once market sentiment shifts.
With the ongoing market recovery, ADA has positioned itself above the 200-day Exponential Moving Average (EMA) on the daily time frame, indicating a potential uptrend in the future. As the cryptocurrency market continues to evolve, ADA’s upcoming parabolic rally remains a possibility worth keeping an eye on.