- Cardano (ADA) has broken out of a long-term Falling Wedge pattern, with analysts predicting a potential 300% rally toward $2.65, based on strong technical signals like higher lows and Fibonacci extensions.
- Founder Charles Hoskinson’s bullish Bitcoin forecast ($250K by end of 2025) adds fuel to the optimism, citing expected U.S. crypto legislation, rate cuts, and institutional inflows benefiting altcoins like ADA.
- ADA is trading near key technical levels, with $0.70 acting as a critical resistance-turned-support; a clean breakout could trigger further gains, while failure to hold may lead to a retest of the $0.66 zone.
Something’s bubbling under the surface with Cardano (ADA)—and it’s not just wishful thinking this time. At around $0.69, the price has caught the eyes of analysts who believe ADA might be prepping for a pretty explosive move.
That Falling Wedge? Finally Cracked
Let’s rewind for a second. Since January 2025, ADA’s been stuck inside what’s called a Falling Wedge—basically a downtrend with converging lines. Lower highs. Lower lows. Not exactly party vibes.
But those patterns? They often flip bullish. And according to Master Ananda, a TradingView chartist, Cardano just broke out of that wedge. Upward. Clean.
He points out ADA set a higher low on April 7 in the $0.57–$0.60 range. Plus, there was that long lower wick in early Feb—one of those “buyers-stepped-in-hard” signals. Combine those? It’s got bottoming vibes all over it.
If this setup plays out like he thinks, we could be staring down a 300% gain. That puts ADA at $2.65, right in line with the 2.618 Fibonacci Extension level. Yeah, it’s ambitious—but not impossible.
So What’s the Roadmap to $2.65?
Getting there won’t be a straight shot. It never is. But the roadmap’s clear—at least on paper.
- $0.81 – the first real hurdle (Fibonacci 0.382 level)
- Then comes $0.91 (Fibo 0.5)
- After that? The psychologically heavy $1.01, aligned with 0.618
- Push through that and we’ve got $1.14, maybe a quick run to $1.30
- Major resistance? $1.83, right at the 1.618 extension
And then, if the stars align… $2.65.
Now, yeah—it sounds wild. But Ananda’s convinced the current chart structure could stretch this rally into Q3 2025. Pullbacks? Definitely. But the trend might finally be turning.
Hoskinson Is Bullish on BTC—and That Helps
It’s not just the charts lighting up. Charles Hoskinson, the man behind Cardano, recently shared a pretty bold call on CNBC: Bitcoin to $250K by the end of 2025.
Sounds crazy? Maybe. But he’s not just throwing darts.
He pointed to a few macro catalysts:
- Expected crypto legislation in the U.S.
- Potential Fed interest rate cuts
- The likely easing of global trade tensions
- And… the return of institutional money
“The markets will stabilize, the Fed will cut rates, and a wall of capital will pour into crypto,” Hoskinson said. And he’s betting altcoins like ADA will ride that wave.
ADA’s Price Action Right Now
ADA actually popped about 4% on Thursday, climbing near $0.70 before pulling back slightly. The move coincided with Hoskinson’s comments—and it didn’t go unnoticed.
Right now, it’s hovering near its 50-day SMA around $0.68. A clean break above that? Could open the door to $0.75, maybe $0.77, which sits at the 100-day SMA.
Another interesting bit? The Bull Bear Power indicator just turned positive (0.0900)—first time since March. A bullish divergence might be in the works.
But it’s not all roses. The 200-day SMA at $0.76 is looming overhead, and ADA’s price is currently squeezed between major moving averages. That tight compression? Usually a sign that volatility’s coming—and soon.
Hold $0.70… or Not?
Here’s the thing. If ADA can flip $0.70 into support, that could be the launchpad. But if it fails to hold? We’re probably looking at a dip back to $0.66. That wouldn’t kill the rally—but it’d stall the momentum for sure.
So yeah. Traders, investors, chart-watchers—they’re all keeping a close eye. If momentum holds, we might just see ADA start climbing that ladder toward some very big numbers.
