Since March, Cardano (ADA) has seen significant price declines, but analyst Dan Gambardello predicts a bullish reversal, forecasting a potential breakout to $31, an 8,500% increase. He highlights the MACD's bullish crossover on the weekly chart, signaling ADA's readiness to bottom. However, ADA has yet to move above key moving averages, and caution is advised until more price action confirms a breakout.

Other analysts, like Sssebi, offer more conservative forecasts, predicting a 20x to 30x rally, with ADA potentially reaching $5 by 2025 and a possible peak of $10 during the bull market. Sssebi notes that ADA's current position mirrors its past cycle, suggesting a major rally could be imminent.

However, trader Lingrid adopts a cautious stance, forecasting a short-term pullback to $0.325, with ADA likely consolidating between $0.30 and $0.34. Bearish on-chain metrics, including a declining Long/Short ratio and open interest, reinforce this cautious outlook. At press time, ADA traded at $0.352 with low trading volume.