- Cardano has broken out of a key symmetrical triangle pattern, setting the stage for a potential 27% price surge to $0.801.
- Analysts are increasingly bullish, with some projecting long-term targets as high as $10 amid strong market momentum.
Cardano (ADA), the tenth-largest cryptocurrency by market cap, is lighting up the charts this week with a strong bullish push—and analysts believe the rally might be just getting started.
Also read: Shiba Inu Set to Trigger Next Crypto Bull Run, According to Top Investor
Renowned crypto market analyst Ali Martinez has forecasted a potential 27% price surge for ADA, pointing to a key technical breakout that could catapult the asset to $0.801. The catalyst? A decisive breakout from a symmetrical triangle pattern that’s been forming since early April.
According to Martinez, the structure was established from ADA’s April 2 high of $0.673 to its April 7 low of $0.512. After several failed breakout attempts—including a rejection on April 20 at $0.6346—Cardano finally smashed through the upper resistance level on Monday, sparking a renewed wave of bullish momentum. With a 3% daily gain sealing its escape from the triangle, the path to $0.801 seems plausible.
But the optimism doesn’t stop there.
Another respected analyst, Javon Marks, sees even greater potential ahead. Marks noted ADA’s formation of a bullish flag pattern, a classic signal that often precedes major price explosions. Backed by increasing trading volume, he’s set ambitious targets between $2.70 and $2.91, which would mark gains of over 300% from current levels.
Even more bullish are long-term projections from prominent voices like Alex Becker and Dan Gambardello. Becker, who previously leaned bearish on ADA, now sees a rebound to $5, while Gambardello envisions a climb to $10, citing a “cup-and-handle” setup—a textbook bullish pattern with historic credibility.
At the time of writing, Cardano is trading around $0.643, making the 27% breakout target just within reach. Whether this marks the beginning of a longer-term surge remains to be seen, but all eyes are on ADA as it rides the current wave of market optimism.
With technicals aligning and market sentiment turning increasingly positive, Cardano could be setting the stage for one of the most compelling moves in the altcoin space this quarter.
