Cardano (ADA) Is Breaking Through Key Resistance Level, Analyst Sets Price Target
Main Idea
Cardano (ADA) is showing signs of a strong trend reversal after breaking a key resistance level, with analyst Ali Martinez setting a price target between $0.90 and $1.20.
Key Points
1. Cardano (ADA) has broken above the upper boundary of a downtrend channel, signaling a potential trend reversal.
2. Analyst Ali Martinez identifies the next major price targets for ADA between $0.90 and $1.20, based on Fibonacci retracement levels and historical support/resistance areas.
3. Technical indicators, such as the Relative Strength Index (RSI), suggest room for continued upward movement, and on-chain data shows large holders accumulating ADA.
4. Cardano's fundamentals remain strong, with network activity and ecosystem growth supporting the bullish outlook.
5. Some resistance may emerge near the $0.80 mark, but clearing this level could pave the way for a rally toward the $0.90-$1.20 range.
Description
Cardano (ADA) is showing signs of a strong trend reversal after breaking through a key resistance level that has held the cryptocurrency in a downward trajectory for most of 2025. According to top crypto analyst Ali Martinez, ADA’s latest breakout opens the door for a potential rally toward the $0.90 to $1.20 range. Breakout Signals End of Downtrend Since the start of the year, ADA has been locked inside a descending parallel channel, making consistent lower highs and lower lows. Ali’s analysis ...
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