Cardano’s (ADA) Market Movements Hint at Bullish Breakout Post-Elections, Targeting New High by 2025

• Cardano’s price movements mirror 2020 trends, with an expected rally starting around November 18 after U.S. elections.
• Key indicators show ADA above both 50 and 200 EMAs, signaling potential bullish momentum as RSI trends towards overbought territory.
• Analyst Ali forecasts ADA’s breakout around $0.3510 resistance, projecting a peak by September 2025 if consolidation breaks upward.

Analyst Ali suggests that Cardano (ADA) is resembling its 2020 market movements, potentially leading to a notable surge around November 18, two weeks post-U.S. elections, with a possible peak by September 2025. 

Key Historical Movements Show Trends of Consolidation and Breakouts

Between 2019 and 2020, ADA traded within a range of $0.04 to $0.10 over 672 days, punctuated by the significant COVID-induced drop, which saw ADA’s price decrease by 56.20%. 

Following this dip, ADA rebounded to its consolidation range, forming the base for the subsequent uptrend. By late 2020, ADA began a powerful rally, surging 4,095.73% over 343 days to peak in August 2021, marking the asset’s most significant bullish phase to date. This period illustrates the robust market momentum and ADA’s ability to sustain an extended uptrend.

After 2021’s peak, ADA entered a new range between $0.21 and $0.60, showing both rises and sharp drops, without a breakout. This range-based trading, lasting 455 days, indicates a possible accumulation phase, setting the stage for another move, contingent on future price direction.

Recent Price Action and Short-Term Indicators

At press time, ADA was trading at $0.345 with consolidation at lower volumes. Key indicators, such as ADA’s 50-day and 200-day exponential moving averages (EMAs) currently show a short-term upward trend, as ADA has crossed above both levels. 

This setup suggests potential bullish momentum, especially if ADA’s 50 EMA crosses the 200 EMA, forming a “golden cross.” Meanwhile, ADA’s Relative Strength Index (RSI) at 57.79 signals buying pressure without reaching overbought levels, reinforcing a potential upward trend in the short term.

Key price levels provide insight into ADA’s likely path: the 200 EMA, around $0.3437, serves as a critical support level, with ADA holding above it indicating sustained buying interest. Conversely, ADA faces resistance at $0.3510 and $0.3600, where past attempts have faltered.

Future Movements and Possible Trends

Historically, ADA’s price has shown a tendency for strong breakouts after long consolidations. Analyst Ali’s projection aligns with this cyclical pattern, suggesting ADA could see a bullish rally starting mid-November, possibly reaching a new high by September 2025 if the current range breaks. Low trading volumes currently highlight a pre-breakout phase, typical before major price moves.

ADA’s future remains closely tied to these breakout levels, with a breach above resistance levels potentially driving bullish momentum. Alternatively, if ADA fails to hold above the 200 EMA, the asset might revisit its previous range, signaling a bearish phase.