The cryptocurrency market is buzzing as Bitcoin's price surge above $95,000 propels the market valuation to an impressive $3.36 trillion. Amid this resurgence, Cardano (ADA) is drawing attention with its bullish recovery. Over the past 24 hours, ADA has climbed 8.69%, breaching the $0.90 threshold and inching toward a market cap of $33 billion. Analysts are now speculating whether this momentum could push Cardano to a new all-time high by 2025.

Michaël van de Poppe, a prominent analyst, highlighted an impending bullish trend in ADA’s price trajectory. Following a remarkable climb from $0.326 to a 52-week high of $1.327, Cardano entered a correction phase, losing 40% of its gains. However, the market now shows signs of bearish exhaustion, hinting at a potential reversal.

Van de Poppe identified $0.7460 as a critical price level for optimal entry, suggesting that long-term investors should watch this point closely. While the broader market sentiment has remained stagnant, the ongoing recovery underscores a foundation for significant growth.

ADA’s Elliott Wave pattern indicates that the third and fifth waves typically yield explosive upward movement. According to van de Poppe, these patterns align with predictions of a new all-time high in the next 12 to 24 months. Short-term traders may find opportunities in ADA’s bounce back to the $1.2430 resistance, while long-term holders could benefit from strategic entry during this correction.

The 307% recovery seen in late 2024 has already set the stage for a bullish outlook. With critical support and resistance levels identified, analysts are confident that ADA will emerge as one of the top-performing cryptocurrencies in the next cycle.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research and consult financial professionals before making investment decisions. The Crypto Basic assumes no responsibility for any financial losses incurred.