Shocking Prediction: Cardano (ADA) Price Ready to Jump 300%!

Jakarta, Pintu News – Recent technical analysis suggests that the price of Cardano (ADA) has the potential to experience a significant surge. A leading analyst at TradingView, Master Ananda, has identified a Falling Wedge pattern that promises a price increase of up to 300% in the coming months. With this pattern, Cardano (ADA) is predicted to reach price levels never seen before.

Promising Technical Analysis: Falling Wedge Pattern

The Falling Wedge pattern formed since January 2025 suggests that Cardano (ADA) has entered the final phase of a long price correction and is ready for a bullish reversal. This pattern is characterized by a series of lower peaks and also lower bottoms, which are progressively narrowing. Currently, Cardano (ADA) has managed to break to the top of this pattern, indicating the potential start of a new bullish phase.

Cardano’s (ADA) recent price increase has broken the Falling Wedge structure, giving a strong signal that the prolonged correction phase may be over. This paves the way for a period of significant growth, with the first price target at $0.81 corresponding to the 0.382 Fibonacci level.

Key Drivers of Price Recovery

Master Ananda highlighted that the formation of a higher low on April 7, 2025, which is in the critical $0.57-$0.60 support zone, is confirmation that Cardano (ADA) may have bottomed. This is supported by the significant buying seen in early February, indicating the presence of strong buying pressure at that price level.

Based on the current technical setup, Cardano (ADA) is expected to see a rise of over 300% towards $2.65. This bullish target is in line with the Fibonacci Extension level of 2,618 on the price chart. With Cardano (ADA) currently trading at $0.7, a breakout through some key Fibonacci Extension levels is expected in the future.

Long-term Bullish Growth

According to Master Ananda’s analysis, the current price action is just the beginning of a medium-term bullish impulse that could continue until Q3 2025. Although short-term price fluctuations are expected, the basic structure of the Falling Wedge pattern suggests that Cardano (ADA) is entering a phase of continued growth.

Furthermore, the TradingView analyst revealed that the projected move to $2.65 is not the peak of a cycle, but part of a larger trend. He emphasized that this long-term bullish growth will not happen overnight, but as long as the price remains above the 0.236 Fibonacci support at $0.69, long positions are expected to remain safe.

Conclusion

With in-depth analysis and favorable market patterns, Cardano (ADA) is showing all signs of readiness to surge significantly. Investors and market watchers would be wise to take note of these dynamics. As an ever-evolving cryptocurrency, Cardano (ADA) promises not only huge but also sustainable growth potential.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

NewsBTC. Cardano Set for $300 Explosion. Accessed on April 24, 2025
Featured Image: Bitcoinsensus

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