Cardano Indicates 100% Rally As Charles Hoskinson Promises ‘Solana-Style Speed’

Cardano (ADA) is showing signs of a bullish reversal, with technical analysts forecasting a potential 100% rally in the coming months.

Elliott Wave Formation Hints At $1.32 Target

ADA is forming a converging triangle pattern—specifically, an ABCDE Elliott Wave formation—typically signaling the end of a corrective Wave 4 and the beginning of an explosive Wave 5.

If confirmed, this breakout could push ADA toward the $1.32 mark, doubling from its current price near $0.66, according to market analyst @RJTWAGMI.

The structure reflects a textbook continuation pattern where ADA consolidates above key Fibonacci levels.

The final leg (wave E) of the triangle is projected to bottom near the $0.64–$0.54 zone, a region aligned with the 0.5 to 0.618 Fibonacci retracement levels. From there, bulls are expected to regain control, initiating a fresh impulsive wave.

However, analysts caution that a break below $0.5060 would invalidate the setup and favor a deeper retracement.

Cardano Founder Promises Speed Better Than Solana

Adding to the bullish narrative, Cardano founder Charles Hoskinson recently reaffirmed his long-term vision for ADA. In an interview with analyst Scott Melker, he stated that Cardano’s upcoming Leios upgrade will deliver “Solana-style speed with full decentralization.”

The claim comes as the network prepares to roll out a series of performance enhancements, including Hydra and Midgard, to increase throughput without compromising its decentralized structure.

The Leios protocol will restructure how the Cardano blockchain handles transaction processing, enabling scalability improvements while preserving the network’s consensus integrity.

According to Hoskinson, Cardano is uniquely positioned to combine high performance with strong governance and resilience—something that faster blockchains like Solana often sacrifice for speed.

Market participants appear to be responding to this narrative. Trading volume on ADA pairs has recently increased, with whale wallets showing accumulation near current levels.

Whales have bought 240 million #Cardano $ADA in the past week!

Go to @SimpleFXcom via my link https://t.co/ChoFIwHYeX, claim all the cash bonuses, and buy like a whale before the pump. pic.twitter.com/VZV4iFvNOj

— Ali (@ali_charts) March 25, 2025

If broader market sentiment remains constructive and the technical pattern plays out as expected, ADA could be poised for a major upside move.