Cardano (ADA) Is Breaking Through Key Resistance Level, Analyst Sets Price Target

Cardano (ADA) is showing signs of a strong trend reversal after breaking through a key resistance level that has held the cryptocurrency in a downward trajectory for most of 2025. According to top crypto analyst Ali Martinez, ADA’s latest breakout opens the door for a potential rally toward the $0.90 to $1.20 range. Breakout Signals End of Downtrend Since the start of the year, ADA has been locked inside a descending parallel channel, making consistent lower highs and lower lows. Ali’s analysis highlights that ADA has now broken above the upper boundary of this channel. This move is technically significant and may mark the end of the multi-month downtrend that began after ADA peaked near $1.30 in January. At the time of the breakout, ADA was trading at $0.7063, gaining more than 2% on the day. This breakout aligns with a key Fibonacci retracement level, specifically the 0.5 level near $0.63, which has now been decisively breached, adding further weight to the bullish outlook. Cardano $ADA is breaking through a key resistance level, opening the door for a rally to $0.90–$1.20! pic.twitter.com/4dj8jQfJFN — Ali (@ali_charts) July 13, 2025 Price Targets and Technical Indicators Ali sets ADA’s next major targets between $0.90 and $1.20. These levels coincide with the 0.786 and 1.0 Fibonacci retracement zones, and also represent historical support and resistance areas from early 2024. If bullish momentum continues, these targets are well within reach. Technical indicators support this view. On the 3-day chart, ADA’s Relative Strength Index (RSI) is trending upward but remains below overbought territory, indicating there is room for continued upward movement. On-chain data from IntoTheBlock also shows that large holders have begun accumulating ADA again , marking a shift in market sentiment from cautious to optimistic. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ecosystem Growth and Market Context Beyond technicals, Cardano’s fundamentals remain strong. The network continues to roll out major upgrades, including Hydra and Mithril, which are designed to improve scalability and security. This steady development activity has helped maintain investor confidence, even during periods of price weakness. As of report time, ADA is trading around $0.74. But some resistance may emerge near the $0.80 mark, a historically important level. Clearing that would clear the path for a potential move to Ali’s projected $0.90 to $1.20 range. In summary, Cardano appears to be breaking free from a long-running downtrend, backed by strong technical signals and growing network fundamentals. Ali’s analysis provides a clear roadmap for what could be ADA’s most significant rally in months, should current conditions persist. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Cardano (ADA) Is Breaking Through Key Resistance Level, Analyst Sets Price Target appeared first on Times Tabloid .

Source: TimesTabloid