- •Analyst Timofei forecasts Cardano to follow XRP and Solana’s previous growth paths, signaling a potential multi-year bullish reversal.
- •ADA’s price pattern shows a symmetrical triangle structure forming since 2023, with consolidation suggesting a nearing breakout point.
- •A successful rebound from the lower support trendline could drive ADA toward its 2021 peak near $3, marking a 254% gain.
Cardano (ADA) is showing signs of renewed optimism as market analyst Timofei projects a potential bullish cycle that could resemble the historic rallies of XRP in 2024 and Solana in 2023. The cryptocurrency, which remains over 70% below its all-time high of $3.10 recorded in 2021, continues to consolidate within a long-term chart structure that suggests a possible breakout.
According to the analyst’s recent TradingView update shared on Sunday, Cardano remains one of the most resilient assets among large-cap cryptocurrencies. Despite extended price stagnation, its structural strength on the weekly chart indicates growing accumulation. The 10th largest digital asset by market capitalization has drawn attention as traders await confirmation of a potential bottom before a fresh uptrend.
Comparing ADA’s Setup to XRP and Solana’s Bull Runs
Timofei compares Cardano’s setup to XRP’s performance in 2024, when the token surged by nearly 239% from $0.61 to $2.07. Much of that rally came late in the year, with XRP spiking 480% after Donald Trump’s election victory, reaching $2.90 before consolidating near $2 by year-end. Similarly, Solana delivered a 919% rise in 2023, climbing from around $10 to $101. That rebound followed a deep correction triggered by the FTX collapse, reflecting strong recovery momentum across its ecosystem.
Timofei’s analysis identifies a widening symmetrical triangle pattern that has contained Cardano’s movement since early 2023. The asset recently faced rejection near the upper resistance level at $1.32 in December 2024 and has since hovered around the triangle’s midpoint. The analyst expects ADA to retest the lower trendline before launching a significant recovery. A breakout from this formation could propel prices back toward the $3 region, suggesting a 254% increase from the current value of $0.8476.