Last Time This Happened Cardano (ADA) Surged 55%. Here’s the Next Target
2025-07-13 07:01:44
Main Idea
Crypto analyst Ali Martinez suggests Cardano (ADA) could surge to $0.84 if it rebounds from its current support level, similar to a previous 55% increase.
Key Points
1. Cardano (ADA) is currently trading at $0.7162, up almost 25% from last week.
2. Analyst Ali Martinez notes that ADA has found strong support at the $0.54 level, a zone from which it previously surged 55%.
3. Martinez predicts ADA could first retest $0.68, then break through resistance near $0.75 before reaching $0.84.
4. Breaking above $0.7 could open the door for further price increases, according to the analyst.
5. Market sentiment and whale activity may influence ADA's price movement in the near future.
Description
A recent analysis by crypto market analyst Ali Martinez (@ali_charts) has raised interest in Cardano (ADA) after the digital asset revisited a historically significant price level. In a video posted on X, Martinez highlighted that Cardano has once again touched the $0.54 support level, a zone from which the asset previously surged 55%. His chart, which plots ADA’s 12-hour price action, suggests a similar rebound may now be underway. The chart shows a well-defined parallel channel that ADA has fo...
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