Trader: Cardano Could Rally Past $7 If Pump Phase Begins
A market analyst argues Cardano (ADA) is in a long multi-year accumulation phase and may be setting up for a major ``pump phase.’’ ADA spent years consolidating after its 2021 all-time high of $3.10, falling as low as $0.220 on February 6 before bouncing ~35% to $0.297 at the time of writing. The analyst (Bitcoinsensus) says monthly charts show stabilization near the lower boundary of a broad corrective range and early higher-timeframe momentum is emerging. If momentum holds and a decisive breakout occurs, the projected expansion could potentially drive ADA above $7 — implying a >2,200% gain from current levels — though this would depend on broader market conditions and is not guaranteed. The piece highlights historical parallels with prior Cardano cycles, warns of the large price move required, and includes a disclaimer that the analysis is informational, not financial advice.
Bullish
The article presents a bullish technical narrative: ADA has reportedly stabilized at the lower boundary of a multi-year correction and shows early higher-timeframe momentum. For traders, this suggests a favorable risk/reward if a breakout occurs — accumulation at support with confirmation of monthly closes turning positive often precedes larger bullish moves. Historical parallels (post-base breakouts producing parabolic runs) add plausibility, and the analyst projects a target above $7, which — while speculative — signals substantial upside potential. Short-term impact: increased trading interest, higher volatility, and possible squeezes if momentum accelerates. Long-term impact: if a decisive breakout occurs alongside broader crypto market strength, ADA could re-enter extended bull trends; failure to break out would likely keep ADA rangebound and could trigger renewed selling. Key caveats: target requires a major market-wide rally, and such percentage gains are rare without BTC-led cycles. Traders should watch monthly close confirmation, volume on breakouts, and macro/Bitcoin trends before acting.