Cardano’s ADA Stages Epic Comeback: Bullish Double Bottom Signals Major Rally Ahead

Cardano's native token ADA isn't just recovering—it's rewriting the playbook. A textbook double bottom pattern just flashed on charts, and traders are scrambling to reposition. Here's why this matters.

The technical setup screams accumulation. After weathering the crypto winter, ADA's price action now mirrors its 2021 pre-bull run structure. Market veterans recognize this formation as one of the most reliable reversal signals—especially when volume confirms the pattern.

Retail investors late to the party might finally get their chance. With institutional money quietly building positions through OTC desks, the coming weeks could see explosive moves. Of course, the 'smart money' probably bought the bottom weeks ago—because nothing fuels crypto rallies like FOMO chasing institutional footprints.

Watch the $0.45 level like a hawk. A clean break above converts resistance into support, potentially triggering algorithmic buying across derivatives platforms. Just remember: in crypto, 'confirmed patterns' last exactly until they don't—usually right after you YOLO your savings into leveraged longs.

ADA price analysis

On the 1-day/USDT price chart, ADA is closing in on a crucial resistance level, a break above which could lead to a sustained rally in the short term.

Notably, ADA has been forming a double-bottom pattern since March, with support at $0.50 and a neckline at $0.76, a setup typically seen as a bullish reversal signal.

Additionally, the 20-day simple moving average appears poised to cross above the 50-day moving average, a formation known as a bullish golden cross in technical analysis.

Hence, if ADA manages to break above the neckline at $0.76, the projected target WOULD be the $1.03 level, which also aligns with the 78.6% Fibonacci retracement level. The target is 35% above the current price level.

Analysts believe ADA’s rally could be the beginning of a broader bull run, with some projecting more ambitious targets in the $3 to $5 range.

You call this a pump?$ADA hasn’t even started.

$5 is coming, and this is just the calm before the blast.

What’s your personal price target for $ADA this bull run? 🤔 pic.twitter.com/1YgfmX2RYN

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.