Cardano (ADA) Price: Technical Analysis Points to Potential 300% Rally to $2.65

TLDR

• Technical analyst Master Ananda predicts a 300% price surge for Cardano within three months, targeting $2.65
• Cardano recently broke out of a Falling Wedge pattern, signaling a potential end to its correction phase
• Charles Hoskinson told CNBC Bitcoin could reach $250,000 by end of 2025, which could help push ADA above $2
• ADA rose 4% on Thursday, reaching near $0.70 before facing resistance
• Current price action shows ADA hovering around the 50-day SMA, with the Bull Bear Power indicator turning positive for the first time since March

Cardano (ADA) is showing strong signs of a potential price breakout. Technical analysts are pointing to chart patterns suggesting ADA could see massive gains in the coming months. With the crypto currently trading around $0.69, some experts are forecasting a rise to as high as $2.65.

Master Ananda, a crypto analyst on TradingView, has released a chart report predicting a massive 300% price increase for Cardano in the next three months. This bullish outlook is based on the formation of a Falling Wedge pattern on ADA’s monthly chart.

A Falling Wedge is a reversal chart pattern that often signals a bullish reversal after a period of decline. This pattern has been forming on Cardano’s chart since January 2025, characterized by lower highs and lower lows that gradually tighten.

According to the analysis, Cardano has now broken to the upside of this Falling Wedge. This breakout may signal the end of the cryptocurrency’s prolonged correction phase and the start of a new bullish phase.

Master Ananda notes that ADA formed a higher low on April 7, 2025, aligning with a critical support zone near $0.57-$0.60. The analyst views this as confirmation that Cardano may have reached a bottom.

Price Targets Based on Fibonacci Levels

Based on the current technical setup, Master Ananda forecasts that ADA will see a 300%+ increase to $2.65. This target aligns with the 2.618 Fibonacci Extension level on the price chart.

The analyst expects Cardano to break through multiple key Fibonacci levels, each serving as a future price target. The first major target is at the 0.382 Fib, which aligns with $0.81.

From there, ADA is expected to climb past the 0.5 Fib at $0.91, the 0.618 Fib at $1.01, and the 0.786 Fib at $1.14. If momentum continues, the price could rally toward $1.3 before reaching the 1.618 Fib at $1.83.

The final projected target in this analysis is $2.65, which would represent a 300% increase from current levels.

According to Master Ananda, ADA’s current price action is just the beginning of a mid-term bullish impulse that could extend into Q3 2025. While short-term price swings are expected, the structure of the Falling Wedge pattern suggests Cardano is entering a sustained growth phase.

Cardano Price on CoinGecko

Charles Hoskinson’s Bullish Bitcoin Prediction

Cardano founder Charles Hoskinson has made headlines with a bullish prediction for Bitcoin, which could have positive implications for ADA.

In a recent CNBC interview, Hoskinson stated that Bitcoin could reach $250,000 by the end of 2025. He cited several factors that could drive this growth, including upcoming U.S. crypto legislation and anticipated Federal Reserve interest rate cuts.

Hoskinson explained that once markets stabilize and the Fed cuts rates, “a wall of capital will pour into crypto.” He also mentioned that institutional interest from major tech companies could lead to a speculative boom between August and September.

The Cardano founder expects the resulting wave of capital to flow heavily into altcoins, including ADA. Based on historical price correlations, if Bitcoin reaches $250,000, Cardano could breach $2 in the next cycle.

On Thursday, ADA rose by 4%, reaching an intraday high near $0.70 before pulling back slightly. This rally followed Hoskinson’s bullish remarks in the CNBC interview.

The ADAUSD daily chart shows price action near the 50-day simple moving average at $0.6824. A sustained close above this level could signal a push toward the 100-day SMA at $0.7663, with $0.75 as an immediate target.

From a momentum perspective, the Bull Bear Power indicator has turned positive at 0.0900 for the first time since early March, suggesting bullish divergence. Meanwhile, the 200-day SMA at $0.7590 remains a key long-term resistance level.

For now, Cardano’s price forecast leans cautiously bullish as structural and momentum indicators align. However, failure to flip $0.70 into support could trigger a retest of $0.66, potentially delaying the bullish continuation.

The next few weeks will be critical in determining whether ADA can build momentum toward the higher price targets projected by analysts.