Cardano Charts Signal Possible Expansion Toward $2.50

Prominent market analysts see Cardano structure pointing to a potential expansion phase, with higher targets if momentum holds.

In a post on X, crypto analyst Deezy described the monthly chart as “incredibly bullish,” pointing to the continuation of a rising channel that has guided ADA since late 2022. He suggested that the top of the channel could align with $2.50, making that level the next significant target.

Notably, Cardano is trading at $0.8383, a 5% loss in the past day, reducing the monthly uptick to 1.2%. It opened the month at $0.73, climbed to $1.01, and dipped to $0.68 before recovering. This leaves ADA 27% above its monthly low but still about 72% below its all-time high of $3.10 in 2021.

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Cardano’s Long-Term Rising Channel

The chart shared by Deezy shows ADA trading inside a long-term ascending parallel channel. The channel currently sets support near $0.60 and resistance around $1.30, with a midline at about $0.95. The structure highlights a gradual upward trend of higher highs and higher lows.

The near-term focus is the resistance range between $0.95 and $1.02, which includes both the midline and the psychological $1 level. A sustained close above that zone could signal continuation toward the channel’s upper boundary and eventually the $2.50 projection. Notably, the analyst provided a more realistic target of $1.46, boldly telling followers to bookmark the price.

TapTools Highlights Elliott Wave Expansion

Meanwhile, TapTools provided additional analysis, noting that ADA’s chart appears to be following a clear Elliott Wave pattern within its broader rising channel. Their study suggests Cardano may have finished its accumulation phase and could now be entering a new expansion stage.

The Elliott Wave count shared by TapTools identifies a base near $0.52, followed by a projected impulsive sequence. The structure points to a first major resistance around $2.05, marked at 1.0 Fibonacci level, and a possible continuation toward $2.50, at 1.6 Fib, if the wave cycle completes.

This perspective aligns with Deezy’s channel projection, as both analyses suggest higher levels if ADA continues respecting its long-term trend. However, a breakdown below $0.60 to $0.52 would invalidate the channel and weaken the bullish structure.

Other Analysts Predict Next ADA Move

In a separate analysis, More Crypto Online noted that Cardano remains in a position for further gains as long as it holds above $0.51. The analysis highlights a key breakout level near $1, with potential upside targets at $1.47, $1.79, and $2.47, while warning that a move below $0.51 would undermine the bullish outlook.

Interestingly, his $2.47 prediction is similar to analyst CryptoGnojek’s projection of $2.00 and $2.50. 

Similarly, crypto analyst Alex Clay sees Cardano tracking a pattern similar to its 2019–2021 cycle, with the token now in a re-accumulation stage that could precede another breakout. 

His chart places ADA below the $1.00–$1.20 mid-zone, with major resistance between $2 and $3, the same area that capped its last rally. Clay notes that in 2020, ADA surged from under $0.10 to nearly $3, and a comparable move this cycle could push it past $5 if mid-zone resistance is cleared.

Meanwhile, Dan Gambardello likened Cardano’s lag to Ethereum’s 2021 run, when ADA eventually rallied 751% to record highs. He sees an inverse head-and-shoulders and broadening wedge forming, with a breakout above $1.20 potentially sending ADA toward $2.00 and beyond.