Cardano is showing striking similarities to its 2024 price movements, with analysts predicting a significant surge in May. While ADA’s current price remains subdued, market sentiment is growing increasingly bullish, hinting at an impending breakout.

ADA’s Market Cycle Hints at a Massive Move

Cryptocurrency analyst Master Kenobi has identified a cyclical pattern in Cardano’s price, suggesting that ADA is on the verge of a major rally. In a recent post on X, Kenobi highlighted how the token’s current consolidation phase mirrors its performance from Q3 2024.

💡ADA is currently in a consolidation phase that resembles its behavior from August–September 2024.
Since the dip on August 5, it hasn't recorded a new low—just as it hasn't now, following the dip on February 3.

If this pattern holds, May could bring a massive pump,… pic.twitter.com/bz5VlUEsKQ

— Master Kenobi (@btc_MasterPlan) March 30, 2025

Back then, Cardano experienced a sharp dip in early August, followed by a prolonged consolidation period before staging a strong recovery. A similar trend is playing out now, with ADA stabilizing after its February 3 drop to $0.49.

“ADA is consolidating just as it did in August-September 2024. It hasn’t recorded a new low since February 3, which could be a sign of an incoming rally,” Kenobi stated.

If history repeats itself, analysts expect Cardano to gain momentum over the coming weeks, with a potential price surge to $2.5 by May.

Bullish Signals for ADA’s Price Action

Currently trading at $0.6594, Cardano is still far from its all-time high of $3.10. However, a growing number of bullish indicators suggest a strong upside potential.

Increased whale activity and positive fundamentals are fueling optimism, with some investors even eyeing a long-term target of $10. Although analysts acknowledge that ADA’s journey to higher valuations will involve corrections, the broader sentiment remains overwhelmingly positive.

With historical patterns aligning and on-chain metrics strengthening, all eyes are on ADA as it prepares for what could be a game-changing rally in the months ahead.

Make money without lifting your fingers: Start using a world-class auto trading solution.

EightCap, your trusted Partner in CFDs, Cryptocurrencies and Stocks.