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The Cardano price is showing strong signs of a breakout, with a technical analyst pointing to a massive 300% explosion on the horizon. If the current pattern holds, ADA could be gearing up for a major bullish impulse that could push prices as high as $2.65 within the next few months.
Master Ananda, a crypto analyst on TradingView has releaseda new chart report predicting that Cardano will experience a staggering 300% price surgein the next three months. The analyst’s firm bullish outlook for ADAstems from the formation of a Falling Wedge pattern on the cryptocurrency’s monthly chart. Cardano Price Aims For 300% Rally
A Falling Wedgeis a distinctive reversal chart pattern that suggests a potential bullish reversal after a period of decline. This pattern had been forming on the Cardano price chart since January 2025, characterized by a series of lower highs and lower lows, gradually tightening within the structure. Currently, the Cardano price has broken to the upsideof the Falling Wedge, signaling a potential end to the cryptocurrency’s prolonged correction phase and the beginning of a new bullish phase. Related Reading Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery 4 days ago
Adding fuel to this optimistic outlook, Master Ananda revealed that ADA had formed a higher low on April 7, 2025, which aligns with the critical support zone near the $0.57-$0.60 range. The analyst views this move as a confirmation that Cardano may have reached a bottom, supported by a prior long lower wick in early February that highlighted significant buying pressure. Source: Master Ananda on Tradingview
Based on Cardano’s current technical setup, Master Ananda forecasts that the cryptocurrency will see a 300%+ increase to $2.65. This bullish target aligns with the 2.618 Fibonacci Extension level on the price chart.
With Cardano currently trading at $0.7, the analyst anticipates a breakout through multiple key Fibonacci Extension levels, each serving as a future price target. The first major target lies at the 0.382 Fib, which aligns with the $0.81 level. From there, the Cardano price is expected to climb past the 0.5 Fib at $0.91, the 0.618 Fib at $1.01, and the 0.786 Fib at $1.14.
If momentum persists, ADA could then rally toward a high target of $1.3 before skyrocketing to the 1.618 Fib at $1.83. Once it successfully crosses this level, the cryptocurrency is expected to reach its final projected target of $2.65 in this analysis. ADA Set For Long-Term Bullish Growth
According to Master Ananda’s analysis, ADA’s current price actionis just the beginning of a mid-term bullish impulse that could extend well into Q3 2025. While short-term price swingsare expected, the underlying structure of the Falling Wedge pattern suggests Cardano is entering a sustained growth phase. Related Reading Cardano Price Breaks Out Of Prolonged Bearish Trend Toward $0.7, Here’s The Next Target 2 weeks ago
Furthermore, the TradingView analyst has revealed that the projected move to $2.65 is not the top of the cycle but part of a much larger trend. He stresses that this long-term bullish growthwill not happen overnight. However, as long as prices hold above the 0.236 Fibonacci support at $0.69, long positions are expected to remain secure. ADA trading at $0.70 on the 1D chart | Source: ADAUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com