Cardano Falling Wedge Breakout Eyes Run to $1.2 Before Uptick to $2.91

A well-known crypto chartist has suggested that Cardano could be looking to break into a four-year peak above $2 after a falling wedge breakout.

Notably, Cardano (ADA) is again showing a familiar pattern that has preceded its past major rallies. Market analyst Javon Marks revealed this in his latest ADA analysis, projecting an impressive run despite the short-term bearishness.

Cardano Falling Wedge Patterns

Marks highlighted how ADA has repeatedly formed falling wedge structures that eventually led to sharp breakouts. Each time, the move higher came after weeks of consolidation inside downward-sloping trendlines, followed by a clean retest and an explosive surge.

- Advertisement -

For the uninitiated, a falling wedge is a chart pattern where price declines within narrowing trendlines after reaching a local top. Notably, it often points to an upcoming upward breakout. Cardano has witnessed three of these wedges since 2023. 

The first one appeared after Cardano collapsed from $0.4620 in April 2023. Price traded within narrowing trendlines, dropping to $0.26 in October 2023 before breaking out and launching into a strong rally toward $0.81 in March 2024. 

A similar pattern emerged from this March 2024 peak, but on a larger scale. After months of lower highs and lower lows, leading to a low of $0.32 in October 2024, ADA broke higher, retested the breakout zone, and then gained significant momentum, reaching $1.32 by December 2024.

ADA Could Rise to $1.2 Before Uptick to $2.91

Now, in 2025, ADA formed yet another falling wedge after a collapse from the $1.32 top, repeating the same structure. Once again, the breakout came with a brief retest before the price moved higher. 

At the time of Marks’ chart, ADA was trading around $0.83, holding above its breakout zone. He explained that previous breakouts suggest another rally of roughly 40% to 57%, which would push ADA into the $1.17 to $1.31 range, with $1.20 as the average target.

Marks also pointed to a bigger picture target of $2.91, a four-year peak. This level sits almost 250% above ADA’s current price and would mirror the type of explosive continuation seen after the 2024 breakout. He argued that the present move could be the early stage of a similar long-term run.

Cardano in a Bullish Position

This analysis comes after ADA slipped 18% from its $1.01 peak in August 2025 amid the ongoing broader market uncertainty. The drop triggered fear among smaller traders, which blockchain analytics platform Santiment has captured.

According to Santiment, crowd sentiment around Cardano recently hit its lowest level in five months, despite ADA rising 5% in three weeks. They explained that such conditions often mark accumulation phases, when frustrated retail traders sell and larger players step in to buy.

Other analysts are also bullish. For instance, Sjuul, the founder of AltCryptoCast, said panic-driven calls for a market top are misplaced. He argued that Cardano’s chart still shows a strong bullish structure and dismissed the constant fear as noise. 

People are panicking here and there, calling tops every other minute.

When I look at a chart, like the one for $ADA, all I see is a very clear bullish structure still holding.

I'm not sure what those guys are smoking, but I would love to have their dealer's number! 🤣 pic.twitter.com/6HjWknCcHH

— Sjuul | AltCryptoGems (@AltCryptoGems) September 4, 2025

Crypto influencer Hailey pointed out that ADA had just completed a breakout with a clean retest, a setup she described as one that usually precedes major reversals. She stressed that history shows how large-cap assets often rally strongly after breaking out of long consolidation periods, and she suggested that Cardano could follow the path seen recently with XRP.