- Cardano sentiment has hit a 30-day high at 93.8% bullish, despite limited price action, hinting at growing confidence for a breakout.
- Technical analysts point to a breakout above $0.67, which could open the path toward $0.83, $0.91, and long-term targets up to $3.20.
- Historical comparisons and Elliott Wave structures suggest ADA may be at the early stage of a larger bullish trend.
Cardano (ADA) is stirring beneath the surface, quietly gathering momentum while the broader crypto market stays relatively muted. Despite a minor 24-hour dip to $0.58, bullish sentiment has hit a 30-day high, signaling a potential shift in trajectory. Traders and analysts are watching closely as ADA approaches critical resistance at $0.67—a breakout level that could trigger the next major leg up.
Sentiment Spikes as Bullish Vibes Return
According to TapTools, 93.8% of CoinMarketCap voters are currently bullish on ADA—the highest level in a month. This confidence surge has drawn comparisons to ADA’s legendary 2020 rally, when the token soared from $0.10 to $2.50 in just 180 days. With sentiment now mirroring early stages of that run, some analysts see the groundwork being laid for another explosive move.
Elliott Wave Targets: $1.35, $2.00, and $3.20
XForceGlobal’s Elliott Wave analysis suggests that ADA has likely completed a prolonged ABC correction phase. Multiple retests of the $0.45–$0.50 demand zone may have set the foundation for a new motive wave. If the pattern plays out, ADA could break through $1.35, then $2.00, and potentially reach $3.20—levels that align with previous cycle highs and long-term bullish structures.
Chartist Outlook: Breakout Could Begin at $0.67
Ali Martinez points to a narrowing descending channel that ADA has respected for most of 2025. Momentum is tightening, and a daily close above $0.67 could trigger a breakout toward $0.83 and $0.91. Martinez also notes that dips are becoming shallower—a sign that selling pressure is weakening and buyers may be gaining the upper hand. The setup suggests ADA may be coiling for a sharp move.
