TLDR

Cardano has broken a long-term descending trendline and now trades above $1.
Analysts compare the current setup to Cardano’s 2020 breakout before its rally to $3.09.
ADA has surged 18.4% in the past day and 35 percent in the past week.
Cardano is trading above the 50-day and 200-day moving averages, showing stronger momentum.
Analyst Dan Gambardello says ADA’s risk score matches the level seen before the last major rally.

Cardano has crossed the $1 level after breaking a long-term descending trendline. Analysts now compare the current setup to 2020’s breakout. ADA price has risen 18.4% in the past day and 35% this week.

Cardano Breaks Trendline, Signals Bullish Phase

Analyst Dan Gambardello highlighted that ADA has moved above the trendline that capped rallies through 2023 and 2024. He emphasized this pattern mirrors the December 2020 setup before Cardano’s rally to $3.09. ADA now trades above both the 50-day and 200-day moving averages, showing improving momentum.

MIND BLOWN! Ethereum INCHES From ATH! CARDANO Chart Says IT’S TIME!

Intro 00:00
BTC dominance chart 2:25
Insane dominance data 5:25
ETH data never seen 7:35
A lot of bull market left 9:20
Mind blowing Cardano data 10:50
Are we bullish? 14:25 pic.twitter.com/mq7RshMK66

— Dan Gambardello (@cryptorecruitr) August 14, 2025

Gambardello recalled monitoring the $0.532 breakout point and confirmed, “We did,” referring to the trendline break. The price now sits just under a marked supply zone around $1. This zone has acted as resistance in prior trading cycles.

The analyst also noted that ADA’s risk score is currently 44, the same as that of December 2020. In that cycle, the score rose into the 70s during the rally. He believes this level marks the beginning of a bullish phase despite the higher starting price.

ADA Rally Signals Mirror Past Patterns

Gambardello projects that ADA’s current structure could push the price toward $3 and potentially beyond in this cycle. He stated that the pattern resembles the move in early 2021 when ADA broke key resistance. From the current price, such a move would represent a 197% gain.

Although his December 2024 target for January 2025 did not materialize, he now sees renewed momentum. Historical patterns from 2020 to 2021 still influence his outlook. He stressed, “We are at the very beginning of some type of move.”

Other analysts support the bullish case for Cardano with technical signals. Deezy pointed out the “golden cross,” where the 50-day MA moves above the 200-day MA. In the past, this signaled a 230% surge for ADA.

Cardano Golden Cross!

Last time the 50-day MA crossed above the 200-day MA, ADA pumped 230%!

A similar move gives us a $3.00 ADA in 27 days!

You aren’t bullish enough 🚀 pic.twitter.com/6DUV43aFuM

— Deezy (@deezy_BTC) August 13, 2025

ADA Gains Support From Altcoin Market Signals

Christopher Visser projects Cardano could reach $3.91 in this bull cycle based on a bullish MACD crossover. He compared the current setup to one that previously drove a 62% rally. Such momentum indicators suggest strengthening market interest.

Gambardello also referenced broader altcoin market signals in his analysis. Bitcoin dominance has dropped by about 5% since May 16, and ETH/BTC is up 56%. These shifts have historically preceded altcoin rallies.

He noted the dominance risk score is now 60, compared to the 90s during March 2021. Ethereum’s risk score is 63, lower than pre-breakout levels in January 2021. These readings suggest room for further upside in the altcoin market.

Potential altcoin ETFs, favorable legislation, and expected interest rate cuts could boost market sentiment. Institutional involvement has increased following Bitcoin and Ethereum ETF approvals. This stability may help Cardano sustain a rally toward the projected $3 target.

The post Cardano Breaks Long-Term Trendline as Analysts Eye Potential $3 Surge appeared first on CoinCentral.

---

Filed under: News - @ August 14, 2025 3:31 pm