Cardano (ADA) analyst Michaël van de Poppe predicts a bullish run in 2025, with the cryptocurrency potentially reaching an all-time high. The market leader’s price has broken above $95,000, causing the crypto market to surge past $3.36 trillion.
Following an 8.69% jump in the past 24 hours, ADA crossed above $0.90 and is nearing a $33 billion market cap. Van de Poppe believes this marks the end of a correction phase, which could bring significant upward movements in prices.
The analyst notes that lower price rejections suggest a potential bullish comeback for Cardano. He expects long-term traders to see an optimal entry point near $0.7460 and points out critical price levels at $0.9850 and $0.7460.
Van de Poppe’s analysis suggests that the third and fifth waves in Elliott’s Wave Theory typically lead to significant upward movements, potentially bringing Cardano to a new all-time high in 2025 or 2026. However, short-term traders may see the bounce back pushing ADA to $1.2430 resistance before entering a sideways range.
Note: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions.
Source: https://thecryptobasic.com/2025/01/02/cardano-ada-price-analyst-identifies-new-leg-up-towards-an-all-time-high