Cardano price action has caught the attention of prominent analysts as ADA breaks out of a descending wedge pattern, signaling a potential for higher prices.
The crypto asset has seen a surge of over 6% in the past 24 hours, with its current price hovering around $0.7195. This price movement follows a series of higher lows and higher highs in the past week, indicating an upward trajectory.
However, the analyst Justin Wu suggests that the breakout from the descending wedge could pave the way for a more substantial price increase.
Cardano Price Breakout from Descending Wedge
According to Justin Wu, Cardano’s price has broken free from a descending wedge that had persisted since February 2025. The wedge pattern, characterized by a series of lower highs and lower lows, had seen Cardano’s price steadily decline. By the end of March 2025, ADA reached a local low of around $0.51.
Notably, as the Cardano price approached the apex of the wedge, volatility decreased, leading to a breakout between April 11 and 12, with ADA gaining over 8% during this period. This technical signal is often seen as a bullish indicator, suggesting that ADA may now experience upward momentum.
However, after the breakout, ADA faced consolidation before seeing improved price action in the past few days. Notably, Cardano price has successfully held its major support zone just above $0.51, a critical level that the analyst had been watching. The price action over the past week further confirms this trend, with Cardano showing signs of strength as it continues to climb.
Cardano Price Targets Post-Breakout
Following the breakout, Wu has set his sights on two important resistance levels. The first resistance level is $1.2456, which is expected to challenge bulls.
If Cardano manages to surpass this level, the next target would be around $1.4642. Reaching this target would require a price increase of about 103.5% from its current price of $0.7195.
Other Analysts’ Perspectives
This analysis aligns with other bullish forecasts. For one, CryptoPatel, another well-known analyst, projected a significantly higher upside for Cardano. His analysis points to a potential rise toward $5, supported by a rising channel pattern visible on the weekly chart. He also notes ongoing accumulation between $0.45 and $0.65, with the lower boundary serving as critical support.
In addition to Justin Wu and CryptoPatel, Javon Marks also expressed optimism about Cardano’s future. Marks highlights the potential for another breakout, similar to the previous one that resulted in a nearly 300% gain.
$ADA (Cardano) is pushing majorly towards another BREAKOUT and the last resulted in a nearly +300% gain!
With targets over 261% away between $2.70 and $2.91, a positive breakout here could be massive and lead into a run to the meeting of those levels… https://t.co/i1AhnN5iqg pic.twitter.com/SWMljMMwZH
— JAVON⚡️MARKS (@JavonTM1) April 24, 2025
According to his analysis, ADA could see price targets between $2.70 and $2.91, indicating a possible rise of over 260% from its current price. This suggests a strong possibility for significant growth if the breakout momentum continues.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
