Analyst Says Get Ready for Another Cardano Bull Run, Targeting $1.33

An analyst on TradingView expects another Cardano bull run, citing a repeating formation that led to the December 2024 run.

This comes at a time when Cardano (ADA) has shown renewed signs of strength as the crypto edges higher within a recovering market. Over the past 7 days, ADA has largely traded within a narrow range between $0.54 and $0.60.

A notable swing low occurred on July 1, when the price briefly dipped to approximately $0.54. As of today, ADA has rebounded to $0.6045, marking an 8.89% increase in the past 24 hours and a 6.23% rise over the last week.

The latest surge in ADA’s price action has attracted the attention of analysts, including Arman Shaban on TradingView, who has offered a bullish projection based on Smart Money Concepts.

Shaban’s analysis of the 3-day ADA chart outlines a complete market structure cycle, highlighting the significance of both historical and current order blocks.

Key Cardano Order Blocks and Historical Context

According to Shaban’s chart, a bearish order block formed after ADA surged to $0.79 on March 4, 2024. The block, established between the $0.58 and $0.62 levels, led to a decline, with the price eventually interacting with a bullish order block and demand zone. This move saw ADA fall to $0.27 by August 4, 2024.

However, the same demand zone, combined with a fair value gap, served as a launchpad for ADA in November 2024. From a low of $0.32, the price surged dramatically, breaking past the previous bearish order block and reaching nearly $1.32 by December 2, 2024, before facing resistance.

Current Price Action Targets Bearish Order Block

Currently, after sweeping liquidity below the $0.51 mark, ADA appears to be making another move toward the existing bearish order block. Shaban suggests that this could catalyze a renewed bullish wave. His outlook has become increasingly optimistic, pointing to a potential short-term advance toward $0.61 and $0.76.

In the longer term, Shaban identifies targets for a bull run at $0.93, $1.05, and $1.33 — the same level at which the bearish order block materialized. If ADA were to climb from its current level of $0.60 to $1.33, this would represent a 121.67% increase.

Network Activity Reinforces Bullish Momentum

Amid Shaban’s prediction, data from IntoTheBlock presents a compelling long-term outlook on Cardano’s network strength, with a notable resurgence in Daily Active Addresses (DAA). This is a key on-chain metric for measuring demand and user engagement. Over the past 7 days, active address activity has increased by 11.99%, indicating a clear uptick in user participation.

This growth is further supported by a 4.79% rise in new addresses, signaling fresh adoption, and a 12.26% increase in zero-balance addresses, which often reflects previously inactive holders re-engaging with the network.

These on-chain shifts point to more than just temporary hype—they indicate organic, synchronized user activity across both new and existing wallets. Such behavior typically reflects strengthening network utility and growing investor interest.