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A recent analytical exposition has highlighted the possibility that Cardano could see an upsurge of 10% to 100% from its current price level.
Notably, a TradingView analysis of the $ADA/USDT 3-day chart by Arman Shaban presented this possibility, asserting that Cardano will reverse the current bearish trend and enter a strong bullish move to higher levels.
Meanwhile, Cardano continues to consolidate, aligning with broader market trends. The crypto asset has hovered between $0.62 and $0.68 for nearly two weeks, quietly building momentum for its next move.
The analyst highlighted that as long as the $0.63-$0.60 support holds, the bullish bias remains intact. This trend places Cardano in a good place for its next price upsurge to the next major resistance level when momentum returns to the crypto market.
$ADA Targets for Bullish Move
Meanwhile, the commentary mentioned price targets for Cardano when its next bullish phase resumes. It shows that a sustained breakout above $0.70 would pave the way for higher prices. Notably, Cardano trades at $0.64 at the time of writing, and a move to $0.70 would represent a 9.3% increase.
After $0.70, the market analyst predicted a 17% growth to $0.75, a 32.8% rise to $0.85, and a 56% upsurge to $1 as the following targets for $ADA.
Notably, this builds on his earlier analysis, in which he noted that his expected return for the upcoming Cardano rally is a 10% short-term gain, a 40% increase in the midterm, and over 100% growth in the long term.
At the current market price of $0.64, a 10% growth takes $ADA to $0.705, while a 40% and 100% increase takes the token to $0.90 and $1.28, respectively. The 100% target aligns with the bearish order block (OB) marked in his accompanying chart.
Remarkably, this price level aligns closely with analyses from BullStar and CobraVanguard that target an $ADA run to $1.30.