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ADA eyes a 50% rally if it breaks $0.80 resistance, with $1.12 as the next major target.
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Bullish patterns and Amazon-style growth analogies fuel long-term optimism for Cardano.
Citing an earlier Cardano price prediction from Crypto News Flash (CNF), Cardano’s native cryptocurrency, ADA, has been exhibiting promising signs that suggest a potential bullish breakout.
Currently trading at approximately $0.7400, ADA has been consolidating within a symmetrical triangle pattern over recent weeks—a formation often indicative of an impending price movement.
Approaching Critical Resistance Levels
Technical analysts have identified a crucial resistance level near $0.80. A decisive daily close above this threshold could confirm a breakout from the symmetrical triangle, potentially propelling ADA toward the $1.1278 mark—a substantial 50% increase from its current price.
As shared in a recent tweet by TrendX Inc, this target aligns with historical resistance zones, supporting its viability should the breakout materialize.
📈 Now Time for #Cardano (ADA/USDT) – Symmetrical Triangle Breakout🚀
🔹 Current Price: $0.7689 (+3.22%)
🔹 Breakout Confirmation Level: $0.80🎯 Target Price: $1.1278 (+50.95%)
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💡 Trade in Global Markets from India -… https://t.co/BYfr1lQqyE pic.twitter.com/STApUm7teu— TrendX Inc (@trendxinc) March 26, 2025
Bullish Indicators and Market Sentiment
Market sentiment surrounding Cardano remains optimistic. Analyst Lucky Luciano has highlighted the formation of a bullish flag pattern on ADA’s price chart—an indicator that typically precedes continued upward momentum.
Luciano suggests that if ADA maintains support and breaches the upper channel boundary, the token could target $1.30, with a potential rise to $1.80 if bullish momentum continues.
Comparisons to Amazon’s Early Growth
Drawing a parallel to Amazon’s recovery after the dot-com bubble, market expert Dan Gambardello argues that Cardano is in a similar early growth phase.
Despite ADA trading below its all-time high, he emphasizes the platform’s focus on scalability and ecosystem development as a strong foundation for long-term growth.
Current Market Performance
Despite a minor dip, technical indicators and sentiment suggest Cardano may be on the cusp of a notable upward move.
As per a February CNF post, despite a 5% decline in the last 24 hours, Cardano’s ascending triangle pattern indicates ongoing investor accumulation and a potential bullish breakout. At the time of writing, ADA is down 0.73% on the day but up 1.69% over the past week. See ADA price chart below.
