Analyst Predicts Huge Profits for Cardano (ADA)

A closely watched crypto analyst suggests that the smart contract platform Cardano (ADA) could make significant gains in the coming weeks.

In a new strategy session, crypto trader Ali Martinez tells his 107,500 followers on social media platform X that if the Ethereum (ETH) rival continues to follow the same pattern as the previous cycle, it could rise by as much as 266%. He said the following:

“ADA is developing like the previous cycle, making me think a big move is coming. A push to $4 could happen within a few weeks!”

Martinez continues with the largest crypto asset based on market capitalization and identifies how Bitcoin (BTC) could confirm its next breakout. He indicated the following:

“BTC is still at a critical point. This could just be a retest of the 50-day MA (moving average) before a potential drop. A sustained close above the 50-day MA is essential to announce the end of the correction and confirm the bullish momentum.”

Martinez concludes his analysis using the Tom Demark (TD) Sequential indicator, which traders use to identify potential price reversal points for an asset, and says that the technical analysis tool is giving a bullish signal for the privacy-focused project Worldcoin (WLD) and the modular blockchain Celestia (TIA).