|

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:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.

Bitcoin consolidates as downside risks persist

Bitcoin has made only three wave rallies from the November lows, which is one of the most important indications that more weakness may still lie ahead.

Polkadot's (DOT) dips, with token underperforming wider crypto markets

DOT $1.8269 fell 2% to $1.84 over the last 24 hours. Trading volumes were 7.8% above the seven-day moving average at 7.76 million tokens, according to CoinDesk Research's technical analysis model.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.