Cardano (ADA) has gained about 6% over the past week, with one analyst now targeting a near 1,000% move to $2.91.
ADA Pattern Mirrors 2021
ADA traded near $0.27 on Tuesday, holding a market capitalization above $10 billion, according to figures compiled by CryptoPotato.
The token briefly approached $0.30 earlier in May, its highest level since mid-March, before easing back into its recent range.
Popular X analyst Javon Marks said ADA continues to mirror the structure it carved out in 2021. He set a price target of $2.91, framing the asset as showing fresh signs of strength.
That projection implies a roughly tenfold gain from current levels. Marks has argued the chart pattern matches the base that preceded ADA's last major bull run.
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Analysts Stack Bullish Targets
Trader Sssebi argued that ADA has been consolidating much like it did in late 2024, a stretch later followed by a push above $1.30. The analyst still sees a move above $1 in play this year.
Vuori Trading went further. The analyst called ADA a strong buy and projected a longer-term jump as high as $14, sometime between the third quarter of 2027 and the first quarter of 2028.
Ali Martinez has flagged $0.25 as a critical inflection zone for the token. He pointed to past defenses of that level, including an 88% bounce in January 2023 and a 243% surge later that year.
ADA's RSI reading has slid to 22, deep in oversold territory. Analysts often associate readings below 30 with potential reversal setups.
ADA Range And Recent Action
ADA has traded inside a roughly $0.25 to $0.30 band for much of the spring. Support near $0.25 has held repeatedly, while the $0.30 ceiling has so far rejected each attempt to break out.
The 6% weekly gain ranks among ADA's stronger runs in recent weeks. The token sits well off its September 2021 cycle highs and has spent most of 2026 grinding through a long base, the kind of stretch analysts like Marks are now flagging as a setup rather than a slump.