Cardano on the Cusp of a Potential +260% Rally: Historical Patterns Suggesting New Highs

Cardano (ADA) is poised for significant growth, potentially reaching $1.86, according to historical analysis based on past price cycles. Experts attribute this bullish momentum to expanding DeFi applications and increasing institutional investment activity. The cryptocurrency’s weekly chart suggests a repeated cycle of accumulation leading to sharp rallies in the past. Recent surges in futures open interest, exceeding $2.5 billion – the highest since 2021 – are further evidence of market participation and leveraged trading.