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Cryptocurrency News Articles
Cardano (ADA) Could Be Gearing up for Its Most Dramatic Bullish Reversal in Years
Jan 22, 2025 at 03:23 pm
Cardano, long hailed as a sleeping giant, could just be gearing up for its most dramatic bullish reversal in years.
Cardano (ADA) has remained in the spotlight of crypto analysts as it signals a key pattern that could be leading to a major 900% price move. ADA is currently following a major identical bottoming pattern which is similar to what was seen back in 2018 towards 2021.
The chart suggests that ADA could just be around the blink of triggering that move in the coming days to weeks as it moves in the transitioning phase. Currently priced at $1.00, ADA aces a major pivotal level at $1.20 level. For ADA breaking this resistance marks a major milestone, which could set it into a hyper bullish rally ahead.
The projections of the pattern suggest that the upcoming move is likely to be so strong that ADA will not only break its all-time high level but will likely be aiming for targets between $9.00 to $12.00 levels in the coming summer.
ADA’s price projections from $9.00 to $12.00 are not merely speculative but are based on fractal historical price patterns. Such patterns are commonly repeated after years and have been seen achieved in the past with other cryptocurrencies.
Moreover, the breakout aligns with general broader bullish trends in cryptocurrency fueled by the return of President Trump. With rising adoption and lighter expected regulations, the stage is set for Cardano to bolster its 2025 outlook.
As President Trump strives to make the U.S. the crypto center of the world, Cardano has earned a “Made in America” label from CoinMarketCap. This recognition highlights Cardano’s American foundation and could position it as a key beneficiary of the new regime’s pro-crypto policies, bringing it to the center of attention.
This major development aligns perfectly with the Trump administration’s push to make America the center stage of the crypto world. This makes Cardano a frontrunner for regulatory support and adoption. This sets the stage for the possibility that Cardano could receive a green light from the U.S. authorities in the coming days, further strengthening ADA’s position as a leading player in the Blockchain industry.
Cardano's Price Analysis
Following a significant bullish run, ADA is gradually moving inside an ascending triangle pattern. The price has been consolidating inside the pattern since setting a high at $1.3265 level.
Now that the structure is starting to evolve, a strong bullish move is anticipated to follow once ADA breaks the neckline resistance at the $1.1850 level. This is expected to challenge the recent 52-week high at $1.3265 level followed by a rally into higher levels.
Fibonacci levels and ADA’s pattern length both point to the same $1.680 target level. Such coincidence increases the likelihood of a bullish move even more. This rally will be offering traders a minimum of 40% meanwhile it can also exceed towards the 80% mark.
The long-term fractal will be targeting $9.00 to $12.00 levels over the next four to six months, meanwhile, the short-term moves are aiming to meet around $1.680 level.
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