Cardano displays a long-term bullish chart pattern known as a cup and handle. Analyst predicts ADA will reach a new all-time high once it reaches the next resistance level.
In a post on X, crypto trader Crypto Smith noted that ADA whales are done accumulating and Cardano is testing the breakout level of $0.92, which could lead to a major rally if confirmed.
The TradingView chart shows a cup and handle formation. This pattern often signals a continuation of upward momentum. The “cup” forms through a gradual price decline from a high near $3.10 in late 2021 to a bottom around $0.24 in December 2022. This bottom held throughout 2023 and early 2024.
The “handle” phase appears between March and July 2025, showing consolidation between $0.75 and $0.92. This phase reflects short-term resistance, forming the final structure before a possible breakout.
Price Approaches Key Breakout Level
Cardano is trading for $0.7845, an 11.5% decline in the past week, reducing its monthly gain to $37.7%. Currently, ADA is close to $0.92, which the analyst identified as the resistance level forming the top of the cup.
A breakout above this level often leads to a significant price move. In this case, the chart projects a 4x gain, targeting levels above $4.00.
However, the $4 price target goes beyond the conventional projection method. Typically, analysts calculate the target by adding the depth of the cup to the breakout point. The estimated depth is around $0.67, which would place a standard target near $1.59. The $4 target suggests a broader market outlook or cycle-based forecast.
Accumulation Phase Signals Investor Interest
Meanwhile, the chart also marks an accumulation zone between 2022 and 2024. This range shows extended sideways trading between $0.25 and $0.50.
Accumulation phases often indicate increased activity from large investors, or “whales,” who buy assets at lower prices before an expected breakout. Smith noted the whales are now done accumulating, suggesting a breakout is imminent.
Notably, this Cardano setup comes during a recovery phase in the broader cryptocurrency market. This month, several cryptocurrencies regained momentum after long consolidation periods. Bitcoin recently crossed a new all-time high of $123,000 before cooling down to the current price of $118,166.
Other Analysts Expect Price Surge
Further, crypto analyst Michael Pizzino also suggests Cardano may be poised for a recovery after confirming a breakout from a descending trendline spanning October 2024 to August 2025.
Pizzino pointed to a bullish inverse head-and-shoulders pattern with a neckline at $0.506, now acting as strong support. He sees renewed upside if ADA reclaims $0.95, potentially moving toward $1.00 and a retest of $1.66 if momentum continues.
Other crypto influencers also see substantial upside for Cardano, with Josh calling it undervalued at $0.80 and predicting a 5x–10x return. Crypto King sees a breakout forming on the 1-day chart, targeting $1.4–$1.6. Long-term, analysts like Mintern and Tyler Burke project ADA could reach $11–$12 by 2026.
Interestingly, Cardano founder Charles Hoskinson claims ADA could deliver 1,000x returns, far surpassing Bitcoin’s growth potential. In a recent interview, he criticized proposals to convert ADA treasury funds into Bitcoin, arguing it would limit ecosystem profits.
A 1,000x ADA rally would imply an $800 price and a $27.5 trillion market cap, outpacing Bitcoin’s projected $1 million value and $24 trillion cap.
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.
