Last Time This Happened Cardano (ADA) Surged 55%. Here’s the Next Target

A recent analysis by crypto market analyst Ali Martinez (@ali_charts) has raised interest in Cardano (ADA) after the digital asset revisited a historically significant price level. In a video posted on X, Martinez highlighted that Cardano has once again touched the $0.54 support level, a zone from which the asset previously surged 55%. His chart, which plots ADA’s 12-hour price action, suggests a similar rebound may now be underway. The chart shows a well-defined parallel channel that ADA has followed over the past several weeks. The lower boundary of this channel, around $0.54, appears to be holding as strong support. After dipping to this level, Cardano has shown early signs of recovery, trading at approximately $0.6264 at the time of the analysis. The analyst indicated that “a buying spike here could send Cardano to $0.84 like it did in April.” Notably, a Times Tabloid report predicted this target for ADA in March , and Martinez suggests that the asset could mirror this trajectory. The last time this happened, Cardano $ADA surged 55%! pic.twitter.com/G2B9fqOHzX — Ali (@ali_charts) July 11, 2025 Parallel Channel Continues to Guide Price Action Martinez’s chart captures ADA’s recent volatility, with oscillation between defined support and resistance levels. The price pattern shows several sharp reversals and failed breakouts, reinforcing the relevance of the horizontal levels outlined on the graph. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 According to Martinez’s projection, ADA could first retest the $0.68 range, then break through intermediate resistance near $0.75 before reaching the upper boundary near $0.84. The structure implies a stair-step recovery pattern contingent on renewed market interest and volume. ADA is currently trading at $0.7162, up almost 25% from last week. The asset is now aiming for the next resistance level before the final target. Another analyst previously revealed that breaking above $0.7 could open the door for further gains , and the expected momentum could help the asset reach and potentially surpass $0.84. Market Sentiment May Dictate Follow-Through While the setup resembles past bullish recoveries, execution will depend on broader market sentiment and Cardano’s ability to sustain upward momentum. Additionally, ADA has multiple bullish indicators that support the positive outlook. The asset recently formed its first weekly golden cross and has seen notable whale activity that suggests a big move in its immediate future. Martinez’s recent breakdown places Cardano at a critical juncture, and with support from the community and increasing bullish sentiment, the $0.84 target may be within reach once again. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Last Time This Happened Cardano (ADA) Surged 55%. Here’s the Next Target appeared first on Times Tabloid .

Source: TimesTabloid