Cardano (ADA) Shatters Resistance—Analyst Eyes $1.83 as Next Bullish Milestone

Cardano's ADA isn’t just climbing—it’s bulldozing through resistance levels like a crypto-powered wrecking ball. One analyst now projects a surge to $1.83, a target that’s got bulls salivating and skeptics scrambling for their ‘I told you so’ receipts.

Why the frenzy? ADA’s breakout follows weeks of consolidation, with its ecosystem quietly stacking upgrades while other chains drowned in hype. Now, the charts are screaming momentum—just as retail traders wake up to the opportunity (and institutional players ‘coincidentally’ start accumulating).

Of course, in crypto-land, every rally comes with a disclaimer: past performance guarantees nothing except influencer bragging rights. But for ADA holders? This could be the payoff for enduring years of ‘ghost chain’ jokes—assuming the macro gods don’t flip the switch back to ‘risk-off’ before takeoff.

Cardano Leads the Market with Double-Digit Gains

Amid a broader market recovery, Cardano is leading the pack. In the last 24 hours, ADA has surged by 13%, the largest gain among the top 10 cryptocurrencies by market capitalization. Over the past week, ADA has appreciated 19.57%, outpacing peers like Bitcoin and Ethereum, and signaling renewed investor interest in the proof-of-stake blockchain.

According to MasterAnanda’s recent TradingView analysis, Cardano’s ultra-bullish scenario is now underway. The breakout has occurred in style, with ADA reclaiming the 200-day moving average and forming what could become the base of a powerful upward trend.

Golden Cross and MA200 Break Confirm Bullish Reversal

One of the biggest technical catalysts fueling ADA’s current MOVE is the golden cross on its weekly chart—a crossover between the 50-day and 200-day moving averages. This rare event is often seen as a strong confirmation of long-term bullish sentiment and has not previously appeared on ADA’s weekly chart.

In addition to the golden cross, Cardano has cleared the 200-day moving average (MA200), currently located around $0.644. According to MasterAnanda, this is the key level that ADA needed to break to “officially flip bullish.”

“The breakout above MA200 is the signal bulls have been waiting for. Now we target much higher levels,” he commented.

Strong Support Zone Fuels Momentum

Cardano’s latest rally isn’t just technical. For the past several months, ADA has been consolidating above a strong support zone that formed around $0.50 to $0.58. This five-month-old demand area has acted as a startpad, providing enough buying momentum for the recent breakout.

This firm foundation, combined with Bitcoin’s climb to new all-time highs, has created ideal conditions for altcoins like cardano to shine.

Bullish Target Set at $1.83—And That’s Just the Beginning

MasterAnanda predicts that Cardano could soon rally to $1.83, a price not seen since November 2021. From the current price of $0.690, this projection represents a 165% upside.

Importantly, the analyst describes this target as “conservative,” hinting that ADA’s real rally could stretch even further as bullish momentum grows.

“This is just the start,” said MasterAnanda. “We’re in for an ultra-bullish ride that could redefine ADA’s long-term trend.”

He recommends building altcoin positions now, suggesting that Cardano and similar tokens will be key performers in the next phase of the crypto bull cycle.

Other Analysts Agree: ADA Could Reach $10

MasterAnanda is not the only analyst expecting a major breakout for Cardano. The team at Bitcoinsensus recently identified an ascending broadening wedge, projecting a potential surge to $2.40 in the NEAR future.

Meanwhile, well-known market veteran Dan Gambardello believes Cardano could eventually break its all-time high of $3.16 and climb toward $10. He considers this price realistic due to Cardano’s improving fundamentals, including its growing DeFi ecosystem, increasing developer activity, and potential spot ETF inclusion.

Another respected voice, Ssebi, supports this long-term view. He cited catalysts such as bitcoin DeFi development, U.S. government crypto reserves, and broader institutional adoption as potential drivers of a 1,349% surge for ADA.

ADA Bull Case Gains Steam in 2025

While ADA has lagged behind during previous bull runs, this time might be different. The technical and fundamental signs are finally aligning for a full-fledged recovery. With bullish sentiment returning to the crypto market and ADA breaking major resistance levels, analysts are now looking at $1.00, $1.83, and beyond as feasible short-term targets.

The long-term forecast sees ADA playing a larger role in smart contracts and DeFi, particularly as more institutions explore ethereum alternatives.

Conclusion: Is Now the Time to Go All-In on ADA?

According to analysts like MasterAnanda, yes. Cardano is finally showing the technical strength and market confidence required for a breakout. With the golden cross, MA200 breakout, and strong support base in place, ADA’s bullish scenario appears firmly intact.

While no investment is risk-free, Cardano’s recent price action and strong fundamentals suggest that it could be one of the top-performing altcoins of 2025. As always, investors are advised to manage risk wisely—but for those waiting for the green light on ADA, this may be it.