Cardano Price Prediction: Breakout On The Cards?
The post Cardano Price Prediction: Breakout On The Cards? appeared on BitcoinEthereumNews.com.
Cardano price action just concluded a second week of recovery in September, reclaiming some of the gains lost in August. It also flipped another major network, climbing up a spot in the top 10 list. The Cardano price maintained a steady uptrend for the last 7 consecutive days. That performance underscored a robust bullish momentum, which elevated the price as high as $0.95. ADA price was up by about 8% on the weekly timeframe. However, this uptrend also retested a long-term descending trend line. A break above this line may mark the start of a major ADA rally. ADA price action/ source: TradingView The bullish expectation for Cardano, if it achieves a resistance breakout, was mainly due to the price appearing to be in a long-term cup and handle pattern. ADA has been holding on to a significant premium from its lower range in October 2024, and could be on the cusp of the exponential second half of the pattern. However, that is if the pattern will still play out. Traders may also consider the possibility that the ADA price may not necessarily be in a cup and handle pattern. Fortunately, the long-term descending trend line might also be the key determinant for whether a heavily bullish outcome will play out. Is a $25 Cardano Price Prediction a Reasonable Target? ADA to $25 was one of the top X trends on Saturday. This underscored heavy bullish optimism in the market, especially in light of the cryptocurrency’s latest recovery. Is the idea that ADA price could potentially soar to $25 rooted in reality? Based on its current circulating supply, the Cardano-native coin would need a market cap of $894.5 billion for it to push to a $25 price point. This means it would have to surpass Ethereum’s current market cap. The…
Filed under: News - @ September 14, 2025 3:30 pm