has shared his bullish prediction for. While giving his prediction, Armstrong also alluded to a that crypto analyst Ali Martinez made. 

Armstrong’s Bull Case For Cardano Is $11

In a posted on his YouTube channel, mentioned that his bull case prediction for ADA is $11. However, the crypto YouTuber didn’t share any analysis to back up his bullish sentiment. Instead, he only referred to an earlier ADA analysis that Martinez had shared as part of his hitting $7. 

In his analysis, highlighted how ADA was its “late 2020 behavior.” He further elaborated on how ADA could hit $7 if history were to repeat itself. According to him, if that were to happen, then ADA would resume an upward trend in April, while a pattern continuation will ultimately lead to the crypto token hitting that price level. 

Meanwhile, Armstrong isn’t the only one who believes that the Cardano price could rise to as high as $11. Dan Gambardello, the founder of Crypto Capital Venture, had previously predicted that ADA would hit this price level at the peak of the . Unlike Armstrong, Gambardello provided deeper insights as to why he holds this belief. 

He explained how Cardano has more functionalities now, unlike in the previous bull run. This includes the features that have allowed the DeFi landscape on the network to grow since 2021. The analyst also highlighted similarities between Ethereum and Cardano’s development while hinting that ADA could mirror the run that ETH enjoyed in the last bull run. 

ADA Getting Ready For The Next Bull Run

Gambardello, who once hinted that the next bull run was going to begin after the , recently noted in an X (formerly Twitter) that the bottoming out structure for Cardano was getting reading for this event. He highlighted how ADA cools off prior to the Halving event. According to him, this is “so bullish for ADA” as it possibly prepares for a move to the upside. 

In the meantime, he hinted that ADA could experience a 30 to 40% move to the downside as it looks to consolidate with Bitcoin and the broader crypto market. Gambardello had that he wasn’t concerned by ADA’s price action and still wouldn’t be even if ADA were to drop below its current price level. 

At the time of writing, ADA is trading at around $0.49, down over 3% in the last 24 hours, according to from CoinMarketCap. 

ADA price struggles at $0.49 | Source: