Mintern, the self-described chief meme officer of Minswap DEX, shared an outlook on X from an unidentified expert trader flagging what they believe is an imminent breakout situation for the asset.

Since January 2022, ADA has been trading within a horizontal channel on the weekly chart, a range it fell into after losing significant ground from its all-time high of $3.10 the prior year.

That decline saw the coin drop from $1.63 to under $0.91 in the week of January 17, 2022, alone. From that point, price action largely settled into a back-and-forth between the channel’s upper resistance around $1.18 and its lower support at $0.23.

What makes the current moment more pressing is a descending trendline that formed inside this same channel. It first acted as a ceiling in August 2025, capping a rally at $1.019, and has kept a lid on every attempted recovery, producing a sequence of lower highs.

BREAKING:

CARDANO ( $ADA ) IS A TICKING TIME BOMB SAYS EXPERT TRADER

The target is 1.20$ end of this week.

In his words "there’s nowhere left for it to go this week it will either go up or go down." pic.twitter.com/Sg8yef818a

— Mintern (@MinswapIntern) April 9, 2026

Cardano (ADA): Upside Target at $1.20

The expert trader behind the outlook is calling for a breakout to the upside, with $1.20 as the target before the week is out. From the current price of $0.2548, that would be a move of around 370%.

The catch is the timeline, with roughly two days left in the week, pulling off a move of that magnitude is a stretch by most standards. Several other analysts do see $1.20 as a realistic target for Cardano over a longer horizon, but the market conditions right now make a move that fast difficult to justify.

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Whale Accumulation Provides Support

On the price action side, ADA tried to push higher on Thursday but ran into resistance at $0.26 and stalled. That move and the surrounding volatility triggered $637,590 in total liquidations, with shorts taking the bigger hit at $502,310, while $135,280 came from longs caught on the wrong side. In the last few hours, though, long liquidations have been leading, reflecting the current downward pressure.

Despite all of that, large ADA holders don’t appear to be rushing for the exits. Exchange outflows have been outpacing inflows, pointing to accumulation rather than selling into weakness. That kind of behavior from whales has often acted as a floor during past downturns and can set the stage for a recovery when momentum shifts.

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 advised to conduct thorough 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.

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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.

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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.

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The post Elliott Wave Analysis Predicts Cardano (ADA) Massive Upswing appeared first on Times Tabloid.