Here's Why ADA Could Surge 170% | Credit: Hameem Sarwar
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Key Takeaways
Cardano (ADA) has nearly broken out from a 230-day resistance.
The ADA price is creating its sixth successive bullish weekly candle.
Can ADA break out and finally move above the $1 level?
The Cardano (ADA) price has surged today, nearly reaching $1 and breaking from a long-term diagonal resistance level.
ADA has not crossed $1 since February, but this potential breakout could catalyze an increase that takes it well above the psychological resistance of $1.
Let’s examine the chart and see what lies ahead for ADA the rest of the year.
While ADA has been inside a descending parallel channel since November 2024, it is about to end its correction.
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The trend reversal started after ADA created a bullish triple bottom pattern (green icons) inside the $0.60 horizontal support area.
Today, the price of Cardano has nearly reached the channel’s resistance trend line, which has existed for more than 230 days.
Momentum indicators suggest ADA will break out. More specifically, the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have given a bullish signal, leading to rallies of 176% and 316%, respectively.
The RSI crossed above 50 and the MACD became positive, creating the signal for the third time since 2022.
A 176% Cardano increase will take the price to a high of $2.60, while a 316% rally will take ADA to a new all-time high, which is the upper limit of the forecast.
A breakout and weekly close above the channel will confirm the signal’s validity and begin the rally.
So, the Cardano price prediction for 2025 is bullish, and ADA will likely break out from its channel and move to new highs.
ADA Above $1
Cardano’s wave count adds to the positive prediction from the price action, suggesting the rest of 2025 will be bullish.
The wave count shows an irregular A-B-C correction (red) which ends with a descending wedge.
This is the same pattern seen in Chainlink’s price, which, like ADA, has already broken out.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
