Cardano (ADA) Breaks Key Resistance, Eyes 26% Gain to $0.967023

Cardano (ADA) has recently shown signs of a strong trend reversal after breaking through a key resistance level that had kept the cryptocurrency in a downward trajectory for most of 2025. According to top crypto analyst Ali Martinez, ADA’s latest breakout opens the door for a potential rally toward the $0.90 to $1.20 range. This move is technically significant and may mark the end of the multi-month downtrend that began after ADA peaked near $1.30 in January.

Since the start of the year, ADA has been locked inside a descending parallel channel, making consistent lower highs and lower lows. Ali’s analysis highlights that ADA has now broken above the upper boundary of this channel. At the time of the breakout, ADA was trading at $0.7063, gaining more than 2% on the day. This breakout aligns with a key Fibonacci retracement level, specifically the 0.5 level near $0.63, which has now been decisively breached, adding further weight to the bullish outlook.

Ali sets ADA’s next major targets between $0.90 and $1.20. These levels coincide with the 0.786 and 1.0 Fibonacci retracement zones, and also represent historical support and resistance areas from early 2024. If bullish momentum continues, these targets are well within reach. Technical indicators support this view. On the 3-day chart, ADA’s Relative Strength Index (RSI) is trending upward but remains below overbought territory, indicating there is room for continued upward movement. On-chain data from IntoTheBlock also shows that large holders have begun accumulating ADA again, marking a shift in market sentiment from cautious to optimistic.

Beyond technicals, Cardano’s fundamentals remain strong. The network continues to roll out major upgrades, including Hydra and Mithril, which are designed to improve scalability and security. This steady development activity has helped maintain investor confidence, even during periods of price weakness. As of report time, ADA is trading around $0.74. But some resistance may emerge near the $0.80 mark, a historically important level. Clearing that would clear the path for a potential move to Ali’s projected $0.90 to $1.20 range.

In summary, Cardano appears to be breaking free from a long-running downtrend, backed by strong technical signals and growing network fundamentals. Ali’s analysis provides a clear roadmap for what could be ADA’s most significant rally in months, should current conditions persist. The recent price action has been bullish, with a popular technical analyst suggesting that ADA could rally to $0.90 or as much as $1.20 in the short term. The significance of the $0.74 resistance level cannot be overstated, as it has historically hindered ADA's progress. However, the recent breakout indicates that the cryptocurrency may be poised for further gains. Analysts expect the cryptocurrency to rally to $0.66 before potentially reaching $1.20. This prediction is supported by the completion of a golden cross, a technical indicator that suggests a bullish trend. According to Cardano's price prediction, the cryptocurrency may increase by 26.09% to reach $0.967023 by August 2025. This long-term outlook is based on the cryptocurrency's recent performance and its potential to break through key resistance levels.