- Analyst predicts Cardano (ADA) could surge to $6 by late 2025, reflecting its cyclical trend of accumulation and explosive rallies.
- ADA recently broke above $0.45, trading at $0.7310, supported by bullish momentum and strong buying activity above the 50 EMA.
- Key support lies at $0.65 and $0.5598 (50 EMA), while resistance targets include $0.7578, $3.08, and $6.25 for the rally.
Analyst Ali projects a major rally for Cardano (ADA), with prices potentially hitting $6 between July and September 2025. His view, rooted in historical data and market trends, highlights ADA’s cyclical nature, transitioning between accumulation, explosive rallies, and corrections. Recent price movements signal bullish momentum, with ADA currently trading above key levels.
Historical Trends and Key Levels in ADA’s Journey
Cardano’s price history reveals patterns of accumulation, rallies, and corrections. Between 2018 and 2020, ADA traded within $0.028 to $0.10 over 672 days, reflecting prolonged low volatility. Notably, the 2020 COVID crash briefly pushed prices to $0.028 before recovery ensued.
From late 2020 to September 2021, ADA experienced a massive bull run, surging from $0.074 to $3.085, a 4,095.73% gain. This rally coincided with broader market momentum, backed by a trading volume spike of 44.4 billion ADA. However, the 2022 correction saw prices drop 65.93% to $0.534, forming a new consolidation zone.
In 2023, ADA entered another accumulation phase, trading between $0.28 and $0.45 for 455 days. A breakout above $0.45 marked the start of a recovery, with prices now trending at $0.675.
Current Trends and Market Momentum
ADA’s recent price action shows strong upward momentum. The asset is trading above key moving averages, reinforcing its bullish surge. The 50 EMA stands at $0.5598, significantly above the 200 EMA at $0.4363, indicating buyer dominance. At press time, ADA was trading at $0.7310, following a rally from support near $0.43.
The RSI reading of 74.09 suggests ADA is overbought, signaling potential short-term corrections. However, during strong trends, overbought conditions can persist. Immediate support lies at $0.65, while resistance is observed at $0.7578, a recent high.
Projections for ADA’s Future Movements
According to Ali’s view, ADA’s historical patterns suggest a potential rally to $6.248 by late 2025. Key resistance levels at $1.20, $3.08, and $6.25 align with previous price peaks. A breakout above $0.7578 could drive prices toward $0.80 and higher in the medium term.
Monitoring the support levels is crucial, particularly the 50 EMA and $0.65, as they remain critical for maintaining the current bullish trend.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
