A recent chart analysis by prominent crypto data platform TapTools has reignited speculation around the future price trajectory of Cardano (ADA) , suggesting a potential parabolic rise to the $14.00 mark. The projection is based on a clear Elliott Wave count mapped over Cardano’s historical price action, indicating the start of a powerful fifth wave — the final leg in a classic bullish impulse structure. Elliott Wave Theory Signals a Major ADA Upswing The Elliott Wave Theory, a widely respected technical analysis model, breaks price movement into five distinct waves in the direction of the main trend. According to the chart shared by TapTools, ADA has completed Waves 1 through 4 of the current cycle and appears poised to initiate Wave 5 — historically the most aggressive leg in terms of price acceleration. Cardano $ADA to $14.00? pic.twitter.com/izJ2FwKqFq — TapTools (@TapTools) April 28, 2025 This current setup mirrors ADA’s 2020–2021 bullish run, during which the coin surged from under $0.10 to a high above $3.00. The symmetry in wave structure, timing, and market momentum strongly suggests that ADA may once again be preparing for an exponential move. TapTools has plotted a possible Wave 5 target around $14.00, which, if realized, would represent a nearly 20x gain from current levels. Technical Indicators Back the Bullish Narrative Accompanying the wave count are key technical indicators that lend credibility to the bullish outlook. On the weekly timeframe, the Relative Strength Index (RSI) is positioned near neutral territory (around 49.5), signaling there’s ample room for further upside before the asset becomes overbought. The MACD histogram, while currently flat, shows potential for a bullish crossover in the coming weeks if buying momentum strengthens. Additionally, ADA is now trading comfortably above the 200-week exponential moving average (EMA), currently near $0.55 — a critical long-term support level that historically acts as a launchpad during bull market conditions. Cardano’s Fundamentals Align With Technicals Beyond the charts, Cardano’s fundamentals also support the possibility of a major price rally . The network continues to roll out upgrades through its Basho and Voltaire phases, enhancing scalability and governance capabilities. Moreover, Cardano’s DeFi ecosystem is growing steadily, with rising total value locked (TVL) and increasing developer activity across projects. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The broader crypto market is also entering a more optimistic phase, fueled by macroeconomic stability, institutional interest, and emerging narratives around real-world asset (RWA) tokenization and decentralized infrastructure. Cardano, with its energy-efficient proof-of-stake protocol and rigorous academic approach, stands to benefit from this environment. A Cautious Optimism While TapTools’ projection to $14.00 is grounded in legitimate technical principles, it is important to recognize that Elliott Wave theory is probabilistic, not predictive. Market conditions, sentiment shifts, and macroeconomic variables can significantly affect price trajectories. Nevertheless, the alignment between Cardano’s technical structure, improving fundamentals, and the market’s renewed risk appetite offers a compelling case for ADA’s potential breakout. Eyes on ADA as Wave 5 Builds Momentum TapTools has set the stage for what could be one of the most explosive altcoin rallies in the next crypto cycle. Should Cardano follow the projected Elliott Wave path, the journey to $14.00 might just be a matter of when, not if. For now, traders and long-term holders alike are watching closely, as ADA seems to be gathering strength for a decisive move. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Elliott Wave Analysis Predicts Cardano (ADA) Massive Upswing appeared first on Times Tabloid .
