Cardano Price Prediction: ADA Eyes 52% Rally to $1.20
Crypto analyst Javon Marks spots a long-term falling wedge pattern in Cardano’s (ADA) chart that began in early 2025. The breakout above the wedge has fueled a bullish outlook, driving ADA up to around $0.80 by 8% in 24 hours and over 10% weekly.
Marks predicts a 52% rally to $1.20 in this Cardano price prediction. A confirmed breakout could trigger a larger bull cycle, potentially pushing ADA towards $2.90—a 261% gain. Key resistance levels to watch are $0.99, $1.10 and $1.20. Critical support lies between $0.61 and $0.68, with zones at $0.64 and $0.70 shaping near-term momentum.
Trading volume near $1.71 billion underscores renewed interest. Despite a 31% drop in daily volume, ADA has climbed nearly 30% in the past month. Community sentiment ranks second among major cryptocurrencies, reflecting robust confidence.
Traders should monitor a sustained volume uptick and a confirmed wedge breakout above resistance to validate this Cardano price prediction and leverage potential short- and long-term upside.
Bullish
This news is bullish for ADA. The confirmed falling wedge breakout signals strong buying momentum, supported by increased trading volume and positive community sentiment. The technical targets of $1.20 and potentially $2.90 suggest significant upside potential. In the short term, sustained volume and support zones around $0.64 and $0.70 will be critical. Over the longer term, a successful breakout could drive ADA into a larger bull cycle. Traders are likely to respond with increased buy orders, boosting market stability and price performance.