Cardano's $0.80 Test Could Ignite 300% Rally to $2.91

Cardano (ADA) has drawn attention from analysts and traders as it forms a falling wedge pattern on the 4-hour chart, sparking speculation of a potential breakout to $1.2 and beyond. Market analyst Javon Marks highlighted that this pattern, observed multiple times since 2023, has historically led to sharp price surges. In 2023, ADA broke out of a falling wedge after consolidating between $0.26 and $0.4620, eventually rallying to $0.81 by March 2024. A similar scenario unfolded in late 2024, with ADA breaking out to $1.32 by December 2024 after consolidating to $0.32 in October 2024.

Currently, ADA has formed another falling wedge following a decline from its $1.32 peak in late 2024. At the time of Marks’ analysis, ADA was trading around $0.83, with the breakout zone still intact. Historical performance suggests that a 40% to 57% rally from this level could push ADA to between $1.17 and $1.31, with $1.20 as the average target. Marks further noted a longer-term target of $2.91, a four-year high that would represent a 250% gain from ADA’s current price. He described this as an early stage in what could be a significant multi-year rally, similar to the breakout seen in 2024 [1].

The bullish sentiment is echoed by other market participants. Santiment’s data revealed that ADA has recently reached a five-month low in crowd sentiment, often a precursor to accumulation phases. In such phases, retail traders tend to sell off, while larger players step in to accumulate. This divergence between sentiment and price has been historically associated with eventual price surges, particularly in high-volume assets like ADA [3].

Analyst Ali Martinez added a more cautious note, warning of a potential short-term dip to $0.80 before any meaningful rally. This retest, he argued, is a natural part of the bullish setup and could serve to eliminate weaker hands from the market. Martinez emphasized that if ADA manages to hold above $0.80, it would confirm the validity of the falling wedge pattern and set the stage for a move toward $0.90 and eventually $1.00 [2]. Other analysts, such as Sjuul from AltCryptoGems, dismissed the bearish sentiment as noise, pointing out the clear bullish structure on ADA’s charts [3].

The technical outlook remains cautiously optimistic. With ADA currently trading near $0.83 and exhibiting higher lows, the falling wedge pattern remains intact. A clean retest of the breakout level and a subsequent push above key resistance zones—particularly $0.88 and $0.92—could unlock further upside potential. Ssebi, another analyst, suggested that if ADA can clear the $0.90–$1.00 range with sustained momentum, it could eventually reach $3, provided the broader market supports such a move [3].

Despite the bullish technical indicators, the path to $1.00 or beyond is not without challenges. ADA must overcome both immediate and psychological resistance levels, and any breakdown below $0.80 could signal a shift in the short-term narrative. However, as long as the key support levels hold and the wedge pattern remains intact, the technical setup continues to favor a bullish continuation. For now, traders are closely watching the $0.80 support level, which will serve as a critical test for the validity of the pattern and the potential for a larger rally [1].

Source:

[1] The Crypto Basic (https://thecryptobasic.com/2025/09/04/cardano-falling-wedge-breakout-eyes-run-to-1-2-before-uptick-to-2-91/)

[2] Captain Altcoin (https://captainaltcoin.com/expert-warns-of-a-dip-in-cardano-ada-price-heres-what-could-happen/)

[3] Brave New Coin (https://bravenewcoin.com/insights/cardano-price-prediction-ada-holds-0-83-support-as-bulls-target-breakout-above-1-00)