Top crypto analyst predicts Cardano could reach $10, citing bullish patterns and key catalysts like Midnight mainnet and Leios upgrade.
A top crypto analyst has predicted that Cardano’s (ADA) price could surge to $10 in the long term.
This forecast comes as ADA shows strong bullish patterns, with the potential for significant gains in the coming years.
The analyst’s prediction is based on a combination of technical analysis and upcoming catalysts that could drive Cardano’s price higher.
Technical Analysis Shows Positive Long-Term Trends
The analyst, Quantum Ascend, believes that Cardano’s price could increase by over 2,400% from its current level.
In a recent analysis, he pointed out that Cardano has been in a general bullish trend over the past few years.
Using Elliott Wave analysis, he suggests that ADA has completed multiple phases and is currently in phase D.
This pattern suggests that Cardano will enter phase E, aligning with the upper side of the ascending channel.
The analyst compares Cardano’s current performance to its past performance between 2018 and 2020.
This comparison shows similar patterns, indicating that the token could experience a rebound.
If this pattern holds, the analyst believes Cardano will continue to rise and potentially reach $10.
Catalysts That Could Drive Cardano’s Price Higher
Cardano’s potential for significant price growth is supported by several key catalysts. One major factor is the upcoming launch of the Midnight mainnet.
The Midnight ecosystem, with its NIGHT token, has already gained significant traction, boasting a market capitalization of over $1.3 billion.
This development will likely attract more attention and use cases to Cardano, boosting its value.
Cardano ($ADA) could dominate in 2026, driven by Leios scaling, Bitcoin DeFi integration, and the Midnight partnerchain mainnet.
The addition of Tier-1 stablecoins, Pyth Oracle, and other integrations will solidify its strong position in the crypto space.
Another key catalyst is the Leios upgrade, which is set to make Cardano faster than other top layer-1 blockchain networks.
The upgrade will improve Cardano’s scalability, allowing it to handle more transactions and support a larger ecosystem.
These advancements could make Cardano a more attractive option for developers and investors alike.
Related Reading: Can XRP and Cardano Survive Crypto’s Evolution?
Caveats to the Bullish ADA Prediction
Despite the optimistic outlook, there are several risks to consider. First, reaching $10 would require long-term patience from investors.
Cardano’s price took over four years to move from one key point to another in its previous bullish cycle. Therefore, a similar timeline might be expected for this potential rally.
Additionally, the bullish forecast will be invalidated if ADA’s price falls below the lower side of its ascending channel.
Such a drop could push Cardano to a psychological level of $0.10, representing a nearly 74% decline from the current price.
Another key obstacle is the resistance level at $1.3173, which Cardano must flip into support before a move toward $10 can be confirmed.
In the long run, the success of Cardano’s ongoing developments, such as the Leios upgrade and Midnight mainnet, will play a crucial role in determining whether the price can reach the analyst’s $10 target.
Source: https://www.livebitcoinnews.com/crypto-analyst-predicts-10-ada-is-cardano-about-to-explode/
