Technical analysis reveals a familiar pattern that has historically led to massive gains for ADA. If history repeats itself, Cardano's price could easily double, or even triple, in the coming months.
According to crypto analyst Ali Martinez, the Cardano (ADA) price is currently displaying a technical pattern very similar to those observed before previous significant bullish phases.
Cardano is holding steady around $0.80, a level that has often served as a springboard in the past. The big question now is whether it will manage to break through the symbolic $1 barrier. This psychological threshold also coincides with a critical Fibonacci point, the 0.618 level. In previous bull markets, this level often marked the beginning of a price explosion phase.
If ADA manages to establish itself firmly above $1, the next price targets are already well defined: $1.70, $2.90 and even a return to the all-time high of $3.10. But the real fireworks would only begin from there. In the case of a complete breakthrough of this zone, Fibonacci extensions suggest potential peaks at $4.72 and even $6 – representing more than 550% from current levels!
As analyst Ali emphasizes: “Cardano $ADA topped at the 1.272 Fib last cycle. Similar price action now points to a $3-$6 range for this cycle!”
At the time of writing, Cardano’s price is oscillating around $0.89. That’s slightly lower than the previous day, but still 3% higher than last week.
What’s remarkable is that ADA is maintaining itself well above its 200-day and 100-day moving averages. This is a classic signal of a healthy bullish trend. Additionally, the short-term moving average is now clearly above the long-term moving average – a precursor indicator of further gains.
Moreover, the Relative Strength Index (RSI) stands at 51.53, a neutral position. No crazy spikes, no extreme drops. Exactly the kind of stability that creates room for the next stage.
In the shorter term, ADA has a trendline to liquidate above $0.93 if the price maintains current levels. However, the resistance at $0.99 might still hold in the coming days.
Of course, Cardano remains dependent on the general crypto market dynamics. But from a technical standpoint, ADA seems to have laid solid foundations for a new leap forward.
If history repeats itself, Cardano (ADA) could experience a progression of 260% or more in the coming months. The technical signals are very encouraging and potentially herald a major new bullish cycle for this cryptocurrency.
With a price above its long-term MAs and a bullish RSI, ADA is an altcoin to watch in the coming months. Here’s how to buy it on Zoomex with an optimized strategy:
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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