Cardano (ADA) Primed for Explosive Rally—Analyst Predicts 164% Surge

Cardano’s ADA is flashing bullish signals, with one analyst forecasting a potential 164% price explosion. The third-generation blockchain—often overshadowed by Ethereum’s hype train—might finally get its moment in the spotlight.

Technical indicators suggest ADA is coiling for a major breakout. If the pattern holds, we could see a run that leaves even the most jaded crypto veterans scrambling to adjust their portfolios. After all, nothing moves markets like the fear of missing out—except maybe a well-timed Elon Musk tweet.

While the prediction comes with the usual crypto caveats (volatility, regulatory uncertainty, and that lingering trauma from last cycle’s crashes), ADA’s fundamentals remain stronger than most. The network’s peer-reviewed approach to development may finally pay off—assuming traders can look past the sea of meme coins and vaporware projects flooding the space.

• Cardano (ADA) surged 15% this week to $0.83, nearing a major breakout point.
• Analyst targets $2.19 after breakout, projecting a potential 164% gain from current price.
• ADA/JPY hit $121.5M in daily trades; Google searches reach 2021 highs, ETF odds up 45%.

Cardano’s ADA has jumped nearly 15% in the last week, moving from $0.72 to over $0.83 as of May 23. This increase has drawn attention from analysts and traders who are now weighing the possibility of an even bigger price move. The coin’s recent climb brings it close to a key technical point that could trigger further gains.

An analyst from World of Charts shared that ADA has been stuck in a downward pattern since early 2025, but is now pressing up against the top of that trend. In a previous similar setup, ADA broke out in October 2024 and rallied more than 3x within weeks. 

A breakout from the current structure could catapult ADA to $2.19, marking a projected gain of 164% from the current price level. “Getting ready for another breakout,” the analyst stated in the accompanying post, adding that a “strong bullish rally” is expected “after successful breakout.” 

Technical Indicators Point to Upside

On the technical side, indicators are showing support for this optimistic view. The MACD on the weekly chart is on the verge of a bullish crossover, and the 50-week and 200-week moving averages are closing in on a similar pattern. The RSI is also leaning positive at 52, suggesting momentum may be shifting in ADA’s favor.

There’s also notable activity among large investors. On-chain data shows wealthy wallets are increasing their long positions, which implies confidence in the coin’s near-term potential. These moves often hint at further buying pressure building up behind the scenes.

Trading data backs up this mood shift. The ADA/JPY trading pair has seen a surge in activity, rising to second place globally in ADA pair volumes. It brought in $121.5 million in trades over 24 hours, which equals 10.7% of all ADA trading. This figure even overtook ADA/USDT, which posted $114.6 million at 10.1%.

Cardano Google Searches Reach 2021 Highs

Beyond charts and trading action, interest in Cardano is growing elsewhere too. Taptools data shows Google searches for “Cardano ADA” are now at their highest since the 2021 peak. That spike in search traffic suggests more retail attention is coming back to the project.

JUST IN: Google search interest in cardano $ADA is breaking out—
reaching levels not seen since its all-time high in 2021. pic.twitter.com/6jyuiCE3AS

Institutional interest in cardano appears to be growing. Taptools data shows that the odds of a Cardano spot ETF being approved have risen 45% since the beginning of the year. If such an ETF launches in 2025, ADA could experience a run similar to what Bitcoin saw when its ETF hit the market.

As more investors look for the next big opportunity in crypto, the signs around Cardano are starting to line up. While no breakout is guaranteed, the price action, trading activity, and growing interest suggest ADA may be heading for a strong move.

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