Cardano (ADA) is attracting investor attention after successfully breaking the $0.86 level, potentially heralding further price increases.
Technical Analysis of the Breakout
The breakout from the wedge suggests a possible trend reversal after weeks of decline. Support for this movement comes from the EMA crossing, where the 20-day EMA crossed above the 50-day EMA.
Analysts believe that under the current technical configuration, ADA may rise by 20-30%, bringing its price to the range of $0.95-$1.00.
Market Signals Supporting the Movement
Open interest in $ADA derivatives has increased by 6.5%, reaching $1.78 billion. Net outflows from exchanges of $2.51 million indicate accumulation rather than profit-taking. Data from Binance show that 73% of traders are long on $ADA, with a long/short ratio of 2.72, indicating clear optimism.
Expert Predictions for $ADA
Experts predict that if the bullish momentum continues, the price of $ADA could reach $0.95 and then $1.00. Possible factors supporting this include:
- **CoinCentral**: $0.95 – $1.00 in the short term. - **InvestX**: $0.95 – $1.01 by September 2025. - **Mitrade**: $1.20 – $1.50 in the medium term of 2025. - **CryptoRank**: $1.07 by the end of September 2025. - **Javon Marks**: $1.20 – $2.90 in the long term. - **FastBull**: $2.90 in a multi-year cycle.
Based on recent findings, Cardano's breakout momentum is becoming increasingly apparent, with rising interest and market activity. The optimistic scenario predicts reaching $1 and above, while the base scenario suggests consolidation. The pessimistic scenario forecasts a drop to $0.75 if momentum weakens.
