As Q3 of 2025 begins, the cryptocurrency market exhibits strong growth, opening new opportunities for altcoins like Cardano (ADA).
Current Market Trends Analysis
Ethereum (ETH) continues to gain popularity, rising more than 4% over the past week and trading near $2515. This creates a positive atmosphere for the market as Cardano (ADA) shows signs of potential growth.
Broadening Wedge Pattern Formation
According to crypto analyst Jonathan Carter, Cardano has formed a **broadening wedge pattern** on the 3-day chart, which often precedes significant trend reversals. This is the third consecutive bullish setup for ADA over the past year, each of which has previously triggered significant rallies. The pattern is taking shape just above a key long-term support zone between $0.24 and $0.26.
Prospects and Target Levels for ADA
If ADA maintains its momentum and confirms a clean breakout above the 50-day MA and wedge structure, bulls could push toward the next key resistance levels. Immediate upside targets lie at **$0.80**, **$1.00**, and potentially **$1.30**, which aligns with the previous resistance zone shown on the chart. However, traders should keep an eye on the broader market for confirmation.
The intriguing patterns forming on Cardano's charts, combined with the overall positive trend in the market, create serious potential for growth; however, attention to market conditions remains critically important.
