Cardano (ADA) is showing signs of a strong trend reversal after breaking through a key resistance level that has held the cryptocurrency in a downward trajectory for most of 2025. Analyst Ali Martinez highlights a potential rally in the $0.90 to $1.20 range.
Signs of End of Downtrend
Since the start of the year, ADA has been locked inside a descending parallel channel, consistently making lower highs and lower lows. Ali’s analysis indicates that ADA has now broken above the upper boundary of this channel, which could signal the end of the multi-month downtrend that began after peaking around $1.30 in January.
Price Targets and Technical Indicators
Ali sets ADA's next major targets between $0.90 and $1.20, coinciding with Fibonacci retracement levels. Technical indicators, such as the RSI on the 3-day chart, show an upward trend that remains below overbought territory, suggesting potential for continued upward movement.
Ecosystem Growth and Market Context
Beyond the technicals, Cardano's fundamentals remain strong, with ongoing major upgrades including Hydra and Mithril. As of the report, ADA is trading around $0.74, with potential resistance near the $0.80 mark that could precede further movements.
In summary, Cardano (ADA) appears to be breaking free from a long-running downtrend, supported by strong technical signals and developing fundamentals.
