Cardano (ADA) Set for 2,000% Rally? Analyst Sees “Clean Fractal” Signal

• Using Elliott Wave theory and Fibonacci extensions, Quantum Ascend argues that Cardano could mirror ETC’s explosive surge
• Conservative targets are set around $4 to $5, with more optimistic projections reaching $10 to over $12
• This month, a Tradin­­gView analyst, Arman Shaban, noted shorter-term bullish patterns, including order block setups pointing to a potential 121% rally

Quantum Ascend, a crypto-market analyst, highlights a striking fractal pattern between Cardano (ADA) and Ethereum Classic during its 2021 bull run. Using Elliott Wave theory and Fibonacci extensions, he argues that Cardano could mirror ETC’s explosive surge and potentially deliver a 2,000% rally from current levels.

He sets ADA’s conservative targets at around $4 to $5, with more optimistic projections reaching $10 to over $12.

This isn’t the only time a similar prediction happened. For instance, at the start of this year, an article on Brave New Coin flagged a similar fractal warning that suggested a 900% ADA upside based on repeating price structures.

ADA’s path to a new ATH

Then, this month, a Tradin­­gView analyst, Arman Shaban, noted shorter-term bullish patterns, including order block setups pointing to a potential 121% rally to approximately $1.33, supported by on-chain activity such as increased active addresses.

Quantum Ascend also acknowledged the possibility of interim market turbulence. In this scenario, ADA might initially reach its former all-time-high around $3.12, then retreat back down to $1.67 during a broader market-wide corrective phase, before finally launching into a rapid ascent towards the upper Fibonacci resistance levels.

Cardano shares ties with Ethereum through Charles Hoskinson (co-founder of Cardano and Ethereum blockchain) and development cycles, which adds to the idea that market makers driving ETC in 2021 could do the same for ADA now.

Why are fractal patterns noteworthy?

Fractal patterns are favored by technical traders as historical market echoes that can predict future price moves. However, a full fractal play implies multiple technical prerequisites, like a strong breakout above current resistance, market-wide bullish sentiment, and continued on-chain growth to support a sustained trend.

Still, it’s important to remember that historical patterns like fractals aren’t guarantees, as economic conditions, regulation, or waning sentiment can halt rallies. Plus, on-chain activity alone doesn’t drive price since broader adoption, government policy, and macro sentiment also play very important roles.

A smaller breakout toward $1.30-ish appears within reach, but it’s likely that the bull phase, as the mentioned 2,000% rally, will require something substantial in the form of alt season revival, institutional inflows, or favorable regulation.