‘A Big Move Is Near’: Crypto Trader Says Ethereum Competitor Could Skyrocket by 266% Within a Few Weeks

A closely followed crypto analyst says that smart contract platform Cardano ( ADA ) could see massive gains in the coming weeks.

In a new strategy session, crypto trader Ali Martinez tells his 107,500 followers on the social media platform X that if the Ethereum ( ETH ) rival continues following the same pattern it did last cycle, it could surge by a staggering 266%.

“ADA is shaping up like it did last cycle, making me think a big move is near. A push to $4 might happen within a few weeks!

Source: Ali Martinez/X

ADA is trading for $1.09 at time of writing, a 13.5% gain during the last 24 hours.

Moving on to the top crypto asset by market cap, Martinez identifies how Bitcoin ( BTC ) could confirm its next breakout.

“BTC remains at a critical point. This might just be a retest of the 50-day MA (moving average) before a potential move lower. A sustained close above the 50-day MA is essential to signal the end of the correction and confirm bullish momentum.”

Source: Ali Martinez/X

The flagship digital asset is trading for $98,625 at time of writing, a 1.7% increase on the day.

Concluding his analysis by using the Tom Demark (TD) Sequential indicator – which is used by traders to identify potential points of reversal for an asset’s price – Martinez says the technical analysis tool is presenting a bullish signal for the privacy-focused project Worldcoin ( WLD ) and the modular blockchain Celestia ( TIA ).

WLD and TIA are trading for $2.40 and $5.44 at time of writing, respectively.

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