As Cardano (ADA) faces short-term selling pressure, one analyst projects the asset could be gearing up for a more than 200% rally toward $2.
According to prominent cryptocurrency analyst Ali Martinez, the outlook is based on ADA’s consolidation within a large symmetrical triangle pattern throughout most of 2025—a formation that typically precedes a strong directional move.
In an X post on October 10, Martinez noted that ADA has consistently formed higher lows while encountering lower highs, creating pressure that is expected to resolve as the price approaches the apex of the triangle in the coming weeks.
In this scenario, $0.69 is identified as a key dip-buying opportunity before ADA begins its climb. If Cardano holds this level and breaks upward from the triangle, the forecast points first to a move toward the $0.95 zone, followed by a push past the $1.15 to $1.35 range, and ultimately toward the $1.90 to $2 region by early 2026.
However, the bullish outlook depends on ADA maintaining its current structure. A decisive move below $0.69 would invalidate the pattern and potentially delay any rally. It is worth noting that ADA has been affected by the recent broader cryptocurrency market crash.
ADA mirrors 2021 rally
Meanwhile, insights from pseudonymous analyst STASHER, shared in an X post on October 8, show that Cardano continues to trade within a broad ascending channel but remains in a corrective phase since its 2021 peak.
The analysis noted that ADA is testing the lower trendline while repeatedly failing to break above key Fibonacci resistance levels around $1.10 and $1.30.
According to STASHER, while ADA offers potential for moderate gains, the current structure does not yet support a move back to its all-time high near $3.
For now, the outlook suggests a measured recovery rather than a breakout, with traders urged to remain cautious.
ADA price analysis
At press time, ADA was trading at $0.64, down about 4.6% over the past 24 hours and more than 25% over the past week.
Analysts note that for Cardano to build sustained bullish momentum, broader market support will be needed to hold the fragile $0.60 support level, which remains key to reclaiming the $1 resistance.
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