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Cardano is currently showing a price. strong signs of a breakoutA technical analyst has predicted a 300% surge in the near future. If current patterns hold, ADA might be preparing itself for a massive bullish wave that could drive prices up to $2.65 over the next few weeks.
Master Ananda is a Crypto analyst at TradingView. released Cardano is predicted to experience an astounding 300% increase in value by a recent chart report price surge The next three months. Analyst’s company bullish outlook for ADA The Falling Wedge formation on the monthly cryptocurrency chart is the cause of this.
Cardano Price Targets 300% Rally
You can also find out more about the A-Team here. Falling Wedge This chart pattern suggests that a bullish trend could be returning after a decline. The pattern has been developing on the Cardano chart since 2025. It is characterized by lower highs as well as lower lows that are gradually getting tighter within the structure. Cardano’s price is at its highest level since January 2025. broken to the upside Falling Wedge: This is the sign of an end of cryptocurrency’s long-term correction phase, and the start of a bullish new phase.
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Master Ananda’s revelation that ADA has formed a higher bottom on April 7,2025 is fueling this optimism. It aligns the range of critical support near $0.57 to $0.60. This move is seen by the analyst as confirmation that Cardano has reached its bottom. It was supported by an earlier long lower wick that appeared in early February. significant buying pressure.
Based on Cardano’s current technical setupMaster Ananda believes that Bitcoin will rise 300%+ in value to $2.65. This bullish goal aligns with the Fibonacci Extension of 2.618 on the chart.
Cardano is currently trading for $0.7. The analyst expects Cardano to break out through several key Fibonacci Extensions, which will serve as breakout levels. future price target. The 0.382% Fib corresponds with the $0.8 level. Cardano is likely to continue climbing past $0.91 and then the 0.618 fib, $1.01 and finally the 0.786 fib, $1.14.
If the momentum continues, ADA may then surge to a target price of $1.3 and skyrocket up until it reaches the 1.618 fib level at $1.83. This analysis predicts that once the crypto currency crosses this threshold, it will reach its projected final target of $2.65.
ADA Set For Long-Term Bullish Growth
The analysis of Master Ananda is based on the following: ADA’s current price action This is the start of a long-term bullish trend that may extend into Q3 2020. Short-term price swings The underlying structure in the Falling Wedge Pattern suggests Cardano has entered a phase of sustained growth.
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TradingView’s analyst also revealed that $2.65 projected isn’t the end of the cycle, but merely the beginning of a larger trend. The analyst emphasizes this long-term bullish growth It won’t happen over night. As long as the prices remain above the $0.69 Fibonacci level, it is expected that long positions will be secure.
Chart from Tradingview.com, image from Adobe Stock
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Source: www.newsbtc.com
