Expert Predicts Cardano (ADA) Price Surge – Here's What to Expect

Cardano has broken free from its downward trend, and the price is starting to climb. Looking at the chart patterns, specifically a descending triangle formation that ADA's price just broke through, things are looking up for the cryptocurrency.

Cryptocurrency expert Ali predicts an upcoming price surge for Cardano (ADA) as the coin breaks out of a descending triangle formation on its price chart.

According to Ali’s analysis, ADA’s price is currently showing a clear upward breakout from the upper boundary of the descending triangle formation. This breakout typically signals a reversal from the expected downward trend, indicating a shift in momentum toward higher prices.

A strong bullish candle is confirming the breakout on ADA’s price chart, pushing the price up past a key resistance level. This breakout, coupled with technical indicators, suggests an upward trend.

As ADA’s price continues to rise, it faces several crucial support and resistance levels on its chart. Failure to maintain support at key levels could lead to a pullback or a retest of lower price points.

On the other hand, maintaining momentum and breaking through resistance levels could pave the way for higher price targets, as indicated by Fibonacci extensions.

If buyers maintain control and push ADA’s price further up from the $0.79 breakout point, the coin could reach the projected $0.83 mark in the coming trading sessions.

Collectively, these analyses suggest an optimistic outlook for ADA’s price in the short term, with the possibility of reaching $0.83 if buying pressure remains strong.