Steep Cardano Price Projection Indicates Potential Jump of 261% to $2.90
Cardano (ADA) Price Soars, Analysts Predict Further Gains
Cardano (ADA), the eighth-largest cryptocurrency by market capitalization, has seen a significant surge in its price over the past week, and analysts are predicting further gains in the short and long term.
Javon Marks, a well-known cryptocurrency analyst, has outlined possible long-term price targets for ADA. In the short term, Marks expects the price to reach around $1.20, representing a 52% surge from its current level. This near-term target is based on recent breakout patterns from falling wedge formations that have been prevalent since early 2025.
If these patterns hold true, ADA could potentially unlock a higher $2.90 zone in the longer term, which would equate to a roughly 200-261% increase from current levels. This suggests a major bullish cycle could follow the initial breakout. Marks' forecasts are supported by strong volume and market sentiment, as well as technical indicators and consolidation phases.
Additional insights from Marks and other analysts suggest that reasonable intermediate resistance levels could be found at $1.00 to $1.30 before any larger upward momentum toward the $2.50–$3.00 range unfolds.
Meanwhile, the price of ADA has already found a base, with buyers pushing the price higher and breaking through wedge resistance. Analyst BitMonty has confirmed the breakout, stating that ADA held its buy zone between $0.68 and $0.61. This buy zone served as support and matched key retracement levels used by many traders. If the price of ADA holds above these levels, bulls may continue to push toward resistance at $0.90. The current support levels for ADA are around $0.64 and $0.70.
The recent breakout follows a breakout from a falling wedge pattern that's been forming since late July. Cardano (ADA) has gained 8% over the last 24 hours and over 10% in the past week, trading around $0.80. Daily trading volume for ADA reached $1.71 billion.
However, it's worth noting that there is a broader debate involving Cardano founder Charles Hoskinson and members of the SNEK community. The SNEK meme coin community continues its push for recognition, with contributor Rami stating that SNEK will continue to bring adoption to Cardano.
Interestingly, Market Prophit reported a split in sentiment, with the crowd being bullish on ADA while the platform's internal model has flipped bearish. Despite this, the recent breakout remains valid as long as the price of ADA stays above previous resistance levels.
In summary, Javon Marks' key Cardano targets are around $1.20 in the short term and around $2.90 in the longer term, reflecting a potentially significant appreciation if historical technical patterns hold true. As always, it's essential to do your own research and consider multiple sources before making investment decisions.
Investors pondering on cryptocurrency trading may find an opportunity in Cardano (ADA) as analyst Javon Marks predicts a potential surge up to $2.90 in the longer term, which represents a 200-261% increase from its current level. Meanwhile, the short-term prediction stands at around $1.20, equating to a 52% rise. These price targets are based on the recent breakout from falling wedge formations and supported by strong volume, market sentiment, technical indicators, and consolidation phases. However, it's essential to remember that investment decisions should be made after conducting thorough research and considering multiple sources.
