|

Cardano Price Prediction: ADA gives 45% bull rally another try

  • Cardano price shows a pullback toward the lower trend line of an ascending triangle setup.
  • The MRI’s State Trend Resistance at $1.35 is likely to be tested on its way down.
  • A bounce from $1.35 or the upper boundary of the demand zone at $1.26 seems plausible.

Cardano price is headed south to produce another higher low before breaking out of a bullish pattern.

Cardano price takes another jab

Cardano price set up its all-time high at $1.48 on February 27 and has formed multiple higher lows and a series of highs since then. An ascending triangle is created when these swing points are connected using trend lines.

This setup forecasts a 45% upswing, determined by adding the distance between the pivot high and low to the breakout point at $1.48.

This move places ADA at $2.16.

The recent attempt by Cardano bulls to breach this trend line was not successful as short-term sellers overwhelmed the buyers leading to a close below the crucial resistance at $1.48. This rejection caused ADA to kickstart a retracement that could bounce from the MRI’s State Trend Resistance at $1.35 or the triangle’s hypotenuse at $1.26. Interestingly, this level coincides with the demand zone that ranges from $1.17 to $1.26.

Cardano price latest breakout attempt has set up a supply zone around the triangle’s baseline that extends from $1.45 to $1.52. Hence, clearing this area will show bulls’ conviction to surge to new highs.

In case of a successful swing high above $1.52, investors can expect ADA to rally toward a new all-time high at $2.16 with a pitstop at $1.81.

ADA/USDT 12-hour chart

ADA/USDT 12-hour chart

This bullish outlook will flip upside down if the buyers fail to dampen or overwhelm the selling pressure. Therefore, a breakdown of the triangle’s hypotenuse that results in a decisive close below $1.17 will create a lower low, signaling the start of a new downward trend.

In such a case, 11% pullback to $1.03 seems logical.

Author

Akash Girimath

Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.

More from Akash Girimath
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.