Cardano Primed for Explosive Rally—$1.25 Bull Market Target "Imminent," Claims Top Analyst
Cardano (ADA) is knocking on the door of a major breakout—and one analyst says the hinges are about to blow off.
The $1.25 Threshold: More Than Just a Number
A surge to $1.25 isn’t just another price point; it’s the psychological gateway to Cardano’s next bull phase. Traders are circling, charts are aligning, and the usual suspects (whales, meme traders, and that one guy who still calls it 'the Ethereum killer') are all leaning in.
Why This Rally Could Stick
Unlike the 2021 hype cycle—fueled by dog coins and stimulus checks—this move hints at actual network growth. DeFi protocols are live, staking yields remain juicy, and somehow, the project still hasn’t been sued. Progress.
The Cynic’s Corner
Of course, in crypto, 'very close' could mean tomorrow or after the next halving. But if ADA bulls are right? Wall Street’s 'blockchain consultants' will suddenly remember they 'always believed in smart contracts.'
Cardano Bull Market Door/Dan Gambardello
Notably, Cardano has not sustained a trend above $1.25 since its 2021 success. Its last rally outside the marked zone was a short-lived surge to $1.32 in December, which was followed by a strong rejection to lower prices.
Meanwhile, Cardano made a lower high at $1.247 in April 2022, further buttressing the massive supply around the area. If ADA finally breaks this resistance, the analyst suggested that it would be an essential bull market indicator.
Cardano Targets Following Breakout
First, Gambardello expects Cardano to rally to an ascending resistance trendline around $2.10. Notably, the trendline had impeded higher prices for ADA in past visits. For perspective, ADA retraced from the trendline in December 2023, peaking at $0.680.
Cardano reached the resistance wall again in March 2024 but faced a similar outcome and dropped from its high of $0.810 to lower prices. This suggests that ADA needs to break above the trendline to sustain its foray to unprecedented prices.
Ultimately, the chart marked a surge to $10.025, marking a new all-time high for Cardano. The price mark, which prominent market watchers like Ssebi have projected, represents a 993% rally from its current market price of $0.917.
Surging Futures Interest Fueling Bullish Optimism
Meanwhile, emerging interest in Cardano, especially among Leveraged traders, further adds to the bullish sentiment. Recent data shows that the ADA futures volume reached approximately $7 billion last week, the highest in five months.
