Cardano Price To Hit $7.82 This Bull Run — Analyst Says It’s ‘On Track To Meet Targets’

The Cardano price is showing signs of strength, with one analyst suggesting it may be preparing for a rally to reach $7.82 during this bull ￰0￱ analyst Javon Marks believes Cardano is now following the same bullish path that it did in the last market ￰1￱ explains that after breaking out before, Cardano met its price targets and showed strong technical ￰2￱ to Marks, the same phenomenon is repeating itself in this cycle, suggesting that ADA could be on track to reach new ￰3￱ traders are closely watching as the token exhibits growing signs of upward momentum during this bull ￰4￱ Javon Marks Sees Cardano Price Repeating Its Historic Breakout Pattern In his latest analysis, Javon Marks states that Cardano has broken out again, just as it did during the past bull ￰5￱ points out that in the last cycle, ADA broke through key resistance levels and went on to meet three of its primary price ￰6￱ rally yielded strong returns, and Marks believes the setup on the chart today looks almost identical to ￰7￱ Reading: Dogecoin Is Primed For A Higher Move To $0.4 Soon, It Just Needs To Hold This Level According to his view, Cardano’s technical structure remains bullish and continues to build ￰8￱ breakout that recently formed could mark the start of another significant move higher if price patterns repeat as they have in the ￰9￱ notes that ADA’s chart is showing the same curved breakout formation that led to significant gains last ￰10￱ chart formation is why he believes Cardano is still in the early stages of a potential new rally ￰11￱ analyst notes that Cardano’s trend and structure both indicate that its upward move is still in development in ￰12￱ says this breakout has happened quietly, yet it could build into a much larger run as the market gains ￰13￱ Marks’ analysis suggests a growing conviction that Cardano’s recovery has genuine strength behind it, with room to continue climbing if it sustains the current momentum. $ADA Could Surge 800% To $7.82 If Momentum Holds Javon Marks also shared his specific targets for where Cardano’s price could go ￰14￱ explains that the first primary upside target is around $2.77, which would represent a gain of more than 221% from current ￰15￱ believes this first move would only be the beginning if ADA performs like it did in the previous ￰16￱ Reading: XRP Price Crash To $2.33 Is Still Possible In This Scenario, Here’s Why If the same type of rally repeats, Marks projects that Cardano could climb all the way to around $7.82.

That would mean an increase of more than 800% from current price ￰17￱ says the price action so far shows that ADA is still “on track to meet targets,” just as it did during the last significant breakout ￰18￱ image created with Dall. E, chart from ￰19￱