Cardano has been performing well on low timeframes and is indicating potential for further profits as Bitcoin reaches new all-time highs and the awaited altcoin season nears.
Analyst Ali Martinez suggests that Cardano could replicate a historical bull run, with a bullish pattern indicating a potential rise above the critical level of $1, as the cryptocurrency maintains a drive similar to previous trends.
Another analyst is even more bullish, proposing a potential 212% rally for ADA in the coming weeks, with a target price of around $1.7, based on past pattern mirroring.
Long-term predictions for Cardano reaching $5 are fueled by recent announcements, including a partnership with Tx Pipe to boost developer growth in Argentina, enhancing the Cardano ecosystem according to CEO Charles Hoskinson.