Cardano Primed for 52% Surge: $1.20 Target in Sight as Bullish Signals Flash

Cardano (ADA) is painting a bullish technical picture—and traders are betting a 52% rally to $1.20 could be next. Here's why.

Breaking the Pattern

A decisive breakout above key resistance has ADA bulls eyeing a repeat of its Q1 2025 performance. The last time these conditions lined up? A 48% price explosion in under three weeks.

Liquidity Hunt

With perpetual funding rates cooling and open interest building, the stage is set for a classic liquidity grab. Market makers love nothing more than slamming shorts on low-funding assets—just ask the last batch of ADA skeptics.

The Institutional Wildcard

While retail traders obsess over technicals, the real fuel could come from an unexpected source: European pension funds quietly adding crypto exposure. Because nothing screams 'prudent investing' like chasing 52% moves in unregulated digital assets.

One thing's certain: In a market where 'fundamentals' mean whatever Twitter says they do, ADA's chart might be the only truth that matters this week.

Cardano Price Prepares For A 52% Rally 

Crypto analyst Javon Marks has released a new analysis on the Cardano price, highlighting a compelling technical setup that mirrors previous bullish breakouts. In his August 8 report on X social media, Marks’ analyst shared a chart displaying a series of falling wedge patterns, each followed by a significant upward price surge. 

In past instances, these breakouts triggered powerful price rallies, with the latest formation suggesting a potential surge of more than 52% from current levels. This current falling wedge started taking shape in early 2025, with Cardano initially breaking above the upper boundary before pulling back and entering a consolidation phase—mirroring the pattern seen in past cycles. Now the cryptocurrency looks set for a potential breakout, and Marks forecasts that it could send Cardano’s value to levels not seen in over a year, targeting $1.2 or higher on the back of a projected 52% rally. 

The analyst’s report also indicates that this projected rally could end up being a potential launchpad toward a much larger bullish cycle—one that could see the price of ADA extending toward the $2.9 region. Reaching this milestone would require cardano to surge more than 261%, representing a remarkable upswing. 

Notably, the repeated pattern of wedge formation and breakout seen on the cardano price chart reflects market behaviour in which consolidation phases are followed by aggressive buying pressure. Historically, ADA has responded to similar setups with sustained upward momentum, and the current chart structure suggests that market conditions may already be aligning for another explosive move. 

Cardano Community Sentiment Hits Record Highs

Beyond technical signals, Cardano’s growing community enthusiasm is providing additional fuel for a potential momentum boost. According to recent data, ADA now ranks second across the entire crypto sector for most bullish community sentiment. This surge in Optimism reflects investors’ confidence in the altcoin’s long-term prospects, supported by its ongoing network developments and ecosystem growth.

Historically, high market sentiment often translates into stronger price action as traders and long-term holders become more confident in a cryptocurrency’s potential to surge. If additional bullish catalysts align with Cardano’s growing community-driven sentiment, the cryptocurrency, which is currently priced at $0.8, could see its value soaring even further.

Presently, Cardano’s price is experiencing robust growth. CoinMarketCap’s data shows that the cryptocurrency has surged by nearly 30% over the past month and gained over 11% in the past week. However, despite this price increase, Cardano’s daily trading volume has dropped by approximately 31%, introducing some uncertainty into its market outlook.