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After some hesitation, Cardano attempts to confirm the breakout today by retesting the former channel resistance (green icon) as support today.
A successful validation here sets the stage for a continuation toward new highs.
The main obstacle is a horizontal and Fibonacci resistance level at $1-$1.05. Once the price of Cardano breaks out, the road to a new cycle high opens up.
Momentum indicators support the breakout. The Relative Strength Index (RSI) is above 50 while the Moving Average Convergence/Divergence (MACD) is positive.
So, the Cardano price prediction for the rest of 2025 is bullish, and a new cycle high is likely once the price closes above $1.
What’s Next For ADA?
Cardano’s wave count paints an optimistic picture.
It shows that the price of Cardano completed a running flat A-B-C correction (red) in June and started a new five-wave increase (green).
Multiple signs suggest this is the correct count, such as waves A and C having the same length and wave C creating a diagonal.
If ADA’s ensuing upward movement is the same length as the previous one, the price will reach a top near $1.84, a new cycle high.
While the bottom is close, indicators suggest it has not been reached yet. The RSI and MACD created bearish divergences (orange) before the decrease, and are now in bearish territory.
So, the ADA price will likely continue to fall until it hits the $0.70-$0.76 region.
ADA vs BTC & ETH
ADA has a bullish chart against Bitcoin, which suggests the downward trend is nearly over.
Cardano broke out from the 750 satoshi resistance area and is validating it as support.
The horizontal area also coincides with an ascending support trend line, giving it more validity.
So, while a bounce is possible because of the massive decrease leading up to the low, it will likely be a dead cat bounce, and ADA will eventually break down.
Final Dip Ahead
If ADA holds above the current support area and clears the $1 resistance, it will confirm a new upward movement.
If the wave count plays out, ADA will fall toward $0.70-$0.76 before rallying to a new cycle high of $1.84.
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.
