Cardano ADA Rises 8.8% as Analysts Flag Potential $0.80 Breakout

Cardano (ADA) has recently shown signs of renewed bullish momentum, with analysts and market observers speculating on a potential breakout. The altcoin, currently trading near $0.74, has climbed 8.8% from its low of $0.70 recorded last Friday, testing key resistance levels in the $0.76 range. This price action has reignited optimism among traders who believe ADA is on the verge of a significant upward move [1].

One of the most notable developments is Cardano’s reclamation of the 50-day moving average, a crucial technical level that has historically acted as both support and resistance. Market analyst Sebastian emphasized that the more ADA tests the $0.76 resistance, the more likely a breakout becomes. He noted that a successful break above this level would provide further confirmation of a bullish trend and potentially open the door to price targets such as $0.79 and $0.80 [1].

Crypto analyst “Man of Bitcoin” pointed to the potential formation of an Elliott Wave pattern, suggesting that as long as the price remains above $0.685, a wave-5 rally could follow. This could indicate a stronger upward trajectory for ADA. Meanwhile, Ali Martinez, another prominent market watcher, highlighted that ADA has been trading within a descending channel since its 2024 high of $1.32. He suggested that a breakout above $0.84 could set the stage for a rally toward $1.30, a key psychological and technical target [1].

Crypto Bullet echoed this sentiment, noting that ADA’s current price structure bears resemblance to previous bullish cycles. The analyst suggested that a long-term breakout from its eight-month downtrend could push ADA toward $1.60—a potential 120% increase from current levels [1].

Analysts also pointed to the broader market environment as a potential catalyst for ADA’s growth. The ongoing bull cycle, driven in part by Bitcoin’s halving in 2024, has helped restore investor confidence in top altcoins like Cardano. Additionally, the network’s infrastructure is being strengthened by a recent $71 million funding boost aimed at rolling out key upgrades, including the Hydra layer-two solution. These developments could enhance ADA’s scalability and attract further adoption [1].

While the short-term outlook is positive, analysts caution that a significant rally could be followed by a period of consolidation or correction in 2026, consistent with historical market cycles. Long-term forecasts vary, with conservative estimates suggesting ADA could reach $2–$4 by 2030, while more bullish scenarios anticipate a price surge to $7–$10 or even beyond [1].

As of the latest data, ADA is trading at $0.74, up 3% in the last 24 hours. Investors are advised to monitor both technical indicators and fundamental developments as key determinants of the coin’s future performance.

Source:

[1] Cardano (ADA) Price Prediction 2025 & 2030. https://www.gate.com/crypto-wiki/article/cardano-ada-price-prediction-2025-2030-is-ada-set-to-soar

[2] Cardano Price Prediction: $0.84 Breakout Push ADA to $1.30 Target. https://www.coingabbar.com/en/price-prediction/cardano-price-prediction-0-84-breakout-push-ada-1-30-target?srsltid=AfmBOopya_T1UQLNuLkQe7vVT0gjD2RmrhD5sFwGqaDK16n_gLG_0p6v