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Melody

06/22 20:42

Analyst Claims Cardano Could Mirror Past Trump-Driven Rally, Eyes Fast Move to $3 ADA Price

Cardano (ADA) traded largely sideways Monday as broader crypto markets showed signs of hesitation and fading momentum. Notably, the token slipped nearly 6% over the past week, reflecting persistent weakness across the altcoin sector despite intermittent strength in Bitcoin and a few large-cap assets.Generally, ADA remained largely range-bound, extending its consolidation phase following recent volatility and lacking a clear directional catalyst.However, sentiment among some market pundits remains divided. While short-term charts show weakening structure, several analysts argue that ADA could be entering a zone where historical narrative-driven rallies could re-emerge, especially if macro sentiment shifts back into risk-on territory.The asset’s inability to recover earlier losses has kept market participants cautious, particularly as altcoins generally continue to lag behind Bitcoin’s dominance cycles. The combination of weak inflows and broader market indecision has left ADA in a consolidation phase, with traders closely watching for either a breakdown or a breakout signal.Meanwhile, analyst Sssebi highlighted a previous ADA price surge that coincided with political commentary involving Donald Trump. Notably, in March last year, ADA jumped roughly 40%–50% in a single day after Trump-linked “U.S. crypto reserve” messaging that included Cardano alongside BTC, ETH, XRP, and SOL.The analyst suggested that a similar dynamic could repeat if market conditions align with renewed optimism and liquidity expansion. In his view, The analyst argued that ADA could reach $3 faster than most market participants expect if Trump repeats the same, especially with the upcoming Clarity Act.Moreover, analyst “CryptoTheBossX” highlighted that ADA is currently sitting at a major long-term support region. According to his analysis, the price has reached a historically important zone where buyers have previously stepped in during prolonged downtrends.The analyst stated that a strong reaction from this support area could trigger a recovery toward nearby resistance levels. However, failure to hold the zone may open the door to increased volatility and deeper price discovery phases.However, popular analyst Ali Martinez pointed to weakening chart structure, noting that ADA has broken down from a bearish flag pattern that had been forming since earlier this month.The pattern was shaped by a sharp, nearly 30% decline between June 3 and June 16, which formed the bear “flagpole,” followed by a consolidation phase resembling a tightening channel. According to Martinez, the breakdown below the $0.17 support level significantly increased downside risk.The analyst has since outlined possible downside targets near $0.13, while earlier cautioning that ADA could slip further toward $0.11 or even $0.051 if bearish pressure intensifies. The outlook reflects a cautious tone, with the analyst warning that continued downside momentum could emerge if key support levels fail to hold.At press time, ADA was trading at $0.1591, reflecting a 1.35% loss in the past 24 hours.
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