Cardano Soars to 5-Month Peak: Is the $3 Breakout Imminent as Bulls Charge Back?

Cardano's native token ADA just smashed through its highest price level since March 2025—fueling speculation that a run toward $3 could be in the cards.

After months of sideways action, the smart contract platform is finally showing signs of life. Trading volumes spiked 40% overnight as whales accumulated positions.

Market Structure Flips Bullish

The breakout confirms a textbook higher-high formation on weekly charts. With the 200-day moving average now acting as support, technical traders are piling in.

Meanwhile, the 'smart money' crowd—those hedge funds that always seem to be early—has quietly doubled its ADA holdings since June. How convenient.

Can the Rally Sustain?

Network upgrades and rising DeFi TVL help, but let's be real: this is crypto. When momentum kicks in, fundamentals become an afterthought. Just ask the NFT degens.

One thing's certain—if ADA clears $2.50 resistance, the FOMO could get ridiculous. And we all know how that usually ends.

Technical Levels Point to Higher Targets for Cardano (ADA)

The immediate challenge for ADA is the $1.17–$1.18 resistance zone, which aligns with previous trendline caps. A decisive close above this range could open the path toward $1.24–$1.43. Analysts also highlight $1.50 and $2.00 as key psychological checkpoints before any $3 attempt.

Momentum indicators are reinforcing the bullish outlook. The RSI has crossed above 50, while the MACD has made a bullish crossover, signals that previously led to rallies exceeding 170%. Historical patterns suggest that even a moderate follow-through could lift ADA toward $2.06 in the coming months.

Support remains firm NEAR $0.84, a level where buyers have consistently stepped in. As long as ADA holds above this zone, analysts expect further upside pressure.

Market sentiment is heating up, with some traders calling this ADA’s strongest setup in over a year. Crypto analyst Deezy predicts a $3 MOVE in less than a month if momentum mirrors past Golden Cross rallies. Others, like Crypto Tigers, see potential beyond $3 should breakout volume remain strong.

However, the road upward may not be without turbulence. Overbought conditions could trigger short-term pullbacks, especially around major resistance levels. Still, if Cardano maintains its breakout structure and rides the broader crypto market’s bullish wave, the $3 target may not be as far off as it once seemed.

For now, ADA’s decisive reclaim of $1 marks a psychological victory for the bulls, setting the stage for what could be its most explosive run in recent memory.

Cover image from ChatGPT, ADAUSD chart from Tradingview