- Ivan on Tech forecasts Cardano could break sharply toward $3.09 peak level
- Technical indicators show bullish momentum with buy signals across timeframes
- Pattern analysis reveals third descending wedge breakout targeting $11 cycle peak
Crypto analyst Ivan on Tech has projected that Cardano could execute a vertical price movement toward its 2021 all-time high of $3.09. The prediction comes as ADA trades at $0.84693, maintaining a 2% daily gain while sitting 72.59% below its historical peak.
Ivan on Tech’s analysis suggests Cardano possesses the technical foundation for rapid upward acceleration. The forecast aligns with broader altcoin optimism as Ethereum’s strength creates favorable conditions for alternative cryptocurrencies.
Multiple Analysts Support Bullish ADA Outlook
Crypto influencer Becker has identified Cardano alongside XRP, DOGE, SUI, AVAX, and SOL as likely beneficiaries of Ethereum’s current performance. This selection indicates institutional recognition of ADA’s potential within the current market cycle.
TradingView data confirms strong bullish indicators across Cardano’s technical landscape. Short to long-term moving averages display buy signals, while the cryptocurrency trades above its $0.60 pivot point with resistance extending to $1.04.
Oscillators including RSI and Stochastics maintain neutral positions, though the Momentum indicator suggests potential short-term upward pressure. The MACD shows mild selling pressure, creating a mixed but generally positive technical environment.
Pattern Recognition Points to Cycle Highs
Analyst Hardy emphasizes Cardano’s eight-year operational record without downtime or security breaches, positioning the network as institutionally reliable. His analysis identifies $1.13 as the immediate target following ADA’s weekly close above the critical $0.74 level.
Chart analyst Mintern has documented a recurring pattern of descending wedge formations followed by strong rallies. The current setup mirrors previous cycles where similar technical structures preceded major price advances.
ADA recently completed its third descending wedge breakout after finding support near $0.7485 and $0.5298 levels. This pattern completion suggests preparation for another upward cycle that could challenge historical resistance zones.
Mintern’s pattern analysis extends beyond the $3.09 all-time high, projecting potential cycle peaks around $11 if historical repetition continues. This target assumes Cardano maintains its established pattern of wedge formations followed by explosive rallies.
