Crypto Analyst Predicts Cardano Unlikely to Hit New All-Time Highs This Cycle, While Solana Shows Strength

A well-known crypto analyst thinks Cardano (ADA), a competitor to Ethereum (ETH), is unlikely to hit new all-time highs this market cycle.

In a recent video update, Jason Pizzino shared his thoughts with his 337,000 YouTube subscribers. He pointed out that ADA isn't showing enough market strength right now, making a big breakout seem pretty improbable.

He said, “If Cardano can reach $10 this cycle, then maybe come back at me. But apart from that, this could just be a waste of time for people.”

Pizzino compared ADA's price movements to those of Solana (SOL), another Ethereum rival. He believes SOL's all-time high is within reach after several rallies this cycle and that it could keep climbing even higher.

He explained, “When you look at Solana, you see a breakthrough at 50%, around $211. The price is still rising. The strength is on its side. Yes, it’s up 20 times from the low of $8 to $10. But there’s still strength in the chart. It’s breaking highs and getting back to its previous all-time high of about $260. That’s the kind of movement you want to see right now, because time is running out.”

Pizzino used an airplane analogy to emphasize urgency. “It’s like a plane… If you’re just sitting on the ground with the engine running, the fuel is burning, but you still need to get from Australia to Europe. You’re running out of time. All that fuel is getting used up. That’s what’s happening with ADA holders. They’re sitting there with the engine running, needing to get back to around $3 at least, but they want to go further. They could do it, but the odds say it’s unlikely.”

In contrast, he noted that Solana is approaching its previous highs and is gearing up for higher price targets. For SOL, he sees potential targets of $260, then $312, and possibly around $400 based on the current market movements.

As of now, Solana is trading at $215, up 2% in the last 24 hours and up 312% over the past year. Meanwhile, ADA is priced at $0.58, also up 2.5% in the last 24 hours and showing a 62% increase over the past year.