As Cardano (ADA) faces short-term selling pressure, one analyst projects the asset could be gearing up for a more than 200% rally toward $2.
According to prominent cryptocurrency analyst Ali Martinez, the outlook is based on ADA’s consolidation within a large symmetrical triangle pattern throughout most of 2025—a formation that typically precedes a strong directional move.
In an X post on October 10, Martinez noted that ADA has consistently formed higher lows while encountering lower highs, creating pressure that is expected to resolve as the price approaches the apex of the triangle in the coming weeks.
ADA price analysis chart. Source: TradingView
In this scenario, $0.69 is identified as a key dip-buying opportunity before ADA begins its climb. If Cardano holds this level and breaks upward from the triangle, the forecast points first to a move toward the $0.95 zone, followed by a push past the $1.15 to $1.35 range, and ultimately toward the $1.90 to $2 region by earl
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