- BNB’s recent 22% surge has led analysts to speculate that Cardano (ADA) could follow suit, with a potential 27.7% rally to $1.
- Ali Martinez suggests BNB may be front-running the altcoin market, indicating ADA could mirror its price action.
- Martinez also reiterated his long-term $15 price target for ADA, representing a 1,815% surge, based on cyclical patterns.
Cardano (ADA) may be on the verge of a sharp rally, as recent analysis suggests the altcoin could follow Binance Coin (BNB)’s price surge, which saw the fourth-largest cryptocurrency reclaim $700. If BNB is front-running the altcoin market, ADA could mirror its breakout, potentially surging 27.7% to $1.
BNB Leads Altcoin Market – Will Cardano Follow?
BNB has emerged as a top gainer, climbing 22% over the past week and crossing $700. Market analyst Ali Martinez speculates that BNB may be front-running the altcoin season, meaning its surge could signal incoming rallies for other major altcoins.
In a recent X post, Martinez singled out Cardano, suggesting ADA could be the next asset to follow BNB’s breakout. Historical data shows that ADA and BNB have maintained a correlation since January, though ADA lagged behind following the February 3 market dip.
However, Cardano’s price action in the past few days suggests it is realigning with BNB’s performance, supporting Martinez’s view. If ADA mirrors BNB’s surge, it could rally 27.7% from its current price to reclaim $1, a key psychological level.
More Upside for ADA? Analyst Predicts $15 Surge
Beyond the short-term rally, Martinez has reiterated his long-term bullish outlook for Cardano, predicting a parabolic surge to $15. He cited ADA’s cyclical price performance, drawing parallels with its 2020-2021 bull run.
Martinez believes ADA is now entering the phase where a massive rally is imminent if it fully mirrors its past cycle. A surge to $15 would represent an 1,815% increase from current levels, though such a move is expected over the broader bull cycle rather than imminently.
In the short term, ADA is consolidating after a recent breakout, with $1 acting as the next major resistance. If BNB’s front-running thesis holds, Cardano’s price could surge 27.7% to $1.
Further breakouts beyond $1 would strengthen bullish momentum, aligning with Martinez’s long-term outlook, though profit-taking near key resistance levels may lead to temporary pullbacks.
