Expert Predicts Cardano (ADA) Price Could Surge 15% – Here’s What Needs to Happen

Crypto expert Ali shared insights on X that ADA’s price is forming an ascending triangle pattern. If it breaks out, it could jump by 15%.

Crypto traders are following Cardano (ADA) closely as it approaches a crucial resistance level.

The crypto analyst, "Ali," highlighted on X that ADA's price is forming an ascending triangle pattern. A breakout from this pattern could propel the coin upward by 15%.

" #Cardano $ADA is about to break free! Busting out of this triangle will trigger a 15% price move," remarked the analyst.

The chart shared by Ali showcases the ascending triangle pattern, commonly recognized for its association with bullish momentum in technical analysis.

Cardano Technical Analysis: Ascending Triangle Pattern Forms

The chart reveals the formation of the triangle pattern, with the upper boundary of the pattern acting as resistance for ADA's price at around $0.75-$0.77. On several occasions, the price has tested this resistance but failed to pierce through it completely.

However, buyers have consistently stepped in at higher low points, which might indicate weakening resistance and a higher probability of a successful upward move.

The lower boundary of the triangle, at approximately $0.72-$0.73, provides support for the price. As long as ADA's price remains above this support level, the technical outlook remains positive.

But if the price pierces through this support, it could set the stage for a continuation of the downtrend, potentially leading to a drop toward the next support zone of $0.68-$0.70.

ADA Breakout Potential and Price Targets

According to Ali, if ADA manages to break out of this ascending triangle pattern, it could witness a 15% surge in price from the breakout point.

This 15% increment corresponds to the technical prediction for the pattern's height, setting a price target of about $0.85-$0.88 for the Cardano coin.

For a confirmed breakout, analysts are looking for the price to close decisively above the $0.77 level with strong trading volume.

Without sufficient volume, there's a possibility of a false breakout, where the price might briefly rise above resistance before retracing.

If ADA's price fails to maintain its support level, it could trigger a sell-off.

Read Also: How High Can Kaspa (KAS) Price Go In 2025? This $0.016 Rival Altcoin Raises $4 Million in Presale

Cardano Market Sentiment and Key Levels to Watch

As traders keep a close eye on ADA's next move, a breakthrough above $0.77 could attract more buyers, setting the stage for a continuation of the uptrend toward the predicted price target.

However, if the coin fails to hold key support levels, it could open the door for a steeper price decline.

With ADA's price now approaching this crucial resistance level, the upcoming market activity will determine whether buyers can sustain the momentum to push the coin higher or if sellers might regain control. Everyone is focused on seeing if this triangle pattern will play out as anticipated, setting the stage for the expected upward move.