A recent analysis suggests that the next impulsive Cardano price move targets $1.30 after a sustained trend above a weekly resistance breakout.
Market commentator BullStar shared this in his recent TradingView analysis. He highlighted the bullish setup on the Cardano weekly chart, which could lead to a significant price increase.
Currently, ADA continues to consolidate, a trend that is also visible in the broader cryptocurrency market. The asset is down 5% in the past 24 hours, bringing its year-to-date performance back to negative.
Resilient Cardano Shows Promising Signs
BullStar stated that ADA is showing early signs of a potential price rally after months of price consolidation. For context, the token broke above a descending trendline that has acted as resistance since early 2025.
Notably, this trendline emerged from the December 2024 high of $1.32 and has since opposed further price rallies for Cardano at each attempt to break upward. However, ADA broke out following a bullish price development in mid-August when it rallied to a high of $1.020.
Remarkably, while Cardano has retraced from that rally, it has held this breakout and is currently forming a higher low pattern as it retests the trendline, according to the analyst. He emphasized that this suggests price accumulation before the next impulsive upward move.
Breakout Target and Critical Support to Watch
The analysis highlights a possible bullish continuation in the coming week if the market momentum strengthens and Bitcoin remains stable. Considering its dominant market share, BTC has typically dictated the mood of the crypto market, and Cardano needs its price to be steady to develop.
Furthermore, Cardano also needs to hold the support at $0.70 for an upward move. While prices appear bearish in the short term, the token must maintain a position above the breakout neckline to achieve higher price targets.
If the bullish continuation occurs, the analyst predicts that ADA will first target the key resistance level at $0.95. Breaking this supply zone would further pave the way for a 60% surge from the current market price to $1.30.
Cardano Could See a Bigger Rally
Interestingly, the $1.30 target for the impulsive move would imply a break above the Cardano bull market door at $1.25, as identified by Dan Gambardello. He shared in an earlier analysis that if ADA breaks this critical area, it will mark a resumption of a full bullish season for the token.
Meanwhile, the target for this positive development is a rally to $10, marking a new all-time high for the cryptocurrency. Specifically, this target is 1,127% away from its current price of $0.815.
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.
