Is Cardano (ADA) ready for a 70% growth?

Cardano (ADA) has just gone through a week of volatile trading: from hitting the highest level in months, facing short term take profit pressure, to maintaining key strategic support levels despite the market-wide sell-off. Many analysts believe that ADA is in a "pre-explosion phase" – similar to the scenario that once took this coin to its historical peak in 2021.

Adjustment pressure, but ADA still maintains its leading position

On Thursday, the price of Cardano (ADA) plummeted by 11% right after it first surpassed the 1 USD mark since March 2025, amid a sharp downturn across the entire cryptocurrency market.

Pressure comes from multiple factors at once: unfavorable macroeconomic data as the PPI index of the U.S. – a measure of producer prices – recorded an inflation rate of 3.3%, significantly higher than the forecast of 2.5%, increasing expectations that the Federal Reserve (Fed) will maintain high interest rates for a longer period.

In addition, market liquidity is tightening as statistics from CoinGlass show that over 941 million USD in leveraged positions were liquidated in just 24 hours, causing a "chain selling" effect.

Source: CoinglassNotably, U.S. Treasury Secretary Scott Bessent announced a pause on plans to purchase additional Bitcoin for the Strategic Bitcoin Reserve Fund (SBR) established by President Trump in March 2025, instead opting to maintain the current amount of BTC and supplement it through seized assets. As a result, Bitcoin, after reaching a new all-time high of around $124,000 on Wednesday night, quickly fell back to the support zone of $117,000–$118,000, dragging most altcoins down in the red – except for Cardano, the rare coin that maintained positive momentum.

In the past 24 hours, ADA has broken through the local resistance zone to reach 1.02 USD - the highest level in 5 months. After this bounce, the price has remained stable in the range of 0.89–0.91 USD up to the time of writing, indicating that buying pressure is being maintained strongly. The current movement shows that bulls are persistently consolidating the 0.89 USD level as a strategic support point, thereby creating a solid foundation for a new breakout in the near future.

Technical Analysis Perspective – Historical Repeating Patterns

Analyst Ali Martinez stated that ADA has been trading within a descending channel since peaking at 1.32 USD in December 2024. After two failures at the resistance level, this coin has finally broken the 0.84 USD mark – an important technical signal that opens up the potential for an increase of up to 70% and targets the 1.5 USD area.

Source: Ali/ XMeanwhile, Crypto Yhodda noted that the current price behavior of ADA is almost perfectly mirroring the cycle from 2018 to 2021. At that time, ADA underwent an ABC correction phase after the 2018 peak, entering a prolonged accumulation phase in an expanding wedge pattern, before breaking resistance and soaring to a historic peak of 3.09 USD in 2021. In the current cycle, since 2022, ADA is also accumulating in the same pattern and is now nearing the gradually increasing resistance zone around 1.80 USD – a price level that, if conquered, could trigger a strong wave of FOMO across the market.

Alongside the positive signals from technical analysis, many fundamental factors are also solidifying the bullish outlook for ADA. The DeFi and NFT ecosystem on Cardano is rapidly expanding, with hundreds of projects already deployed on the mainnet, contributing to the increased demand for the network. The on-chain trading volume has continuously risen over the past three months, particularly noting strong participation from large wallets (whales), indicating the confidence of long-term investors.

At the same time, ADA has also started to attract attention from financial institutions, as some investment funds have actively added this coin to their portfolios, viewing it as one of the top potential altcoins that could have a strong recovery when the market shifts to a "risk-on" state.

Price Outlook – Short and Medium Term Scenario

Short term (1–2 weeks):

The important support zone currently lies at 0.89–0.91 USD, acting as a "shield" protecting the newly formed uptrend. On the opposite side, the 1.02–1.05 USD zone is the nearest resistance level that needs to be conquered. If this level is successfully broken with high trading volume maintained, the price could completely extend its upward momentum and move straight to the 1.2 USD zone.

Medium term (1–3 months):

Analysis from the technical model shows that the next target for ADA is 1.5 USD. In the case of a trading volume surge, supported by positive information from the market or ecosystem, this coin has the potential to challenge the 1.8 USD zone before heading towards the historical peak (ATH) 3.09 USD.

Currently, Cardano is assessed as one of the altcoins with the most solid technical structure and fundamental basis in the large-cap group. Maintaining the key support level even in the context of strong market fluctuations indicates that the buying pressure is sustainable. If it successfully breaks through 1.05 USD, ADA could fully activate a new growth cycle, similar to the explosive phase of 2020–2021.

Taylor