According to crypto analyst Ali Martinez, Cardano (ADA) could be on the verge of a significant price breakout, echoing patterns seen before its last major rally. Despite a period of relative quiet, Martinez has identified a bullish chart setup that suggests a new upward trend might be forming.
The analysis highlights that ADA is currently trading just below the $0.85 mark, which corresponds to a key 0.5 Fibonacci retracement level. During the previous cycle, a similar position at this mid-point acted as a launchpad for ADA’s price, leading to a substantial increase.
While the current price action is testing support and staying resilient, it is not crashing. If a breakout occurs, Martinez has identified key resistance levels to watch for at $1.15, $1.74, and $3.
The analyst suggests that if the pattern follows a similar trajectory to the last cycle, ADA’s price could theoretically reach a high of $6.25. This target is not a random guess but is based on the full extension of the previous chart behavior. The article concludes by noting that the current lack of attention on ADA might actually be a sign that a major move is on the horizon.
August 2025, Cryptoniteuae
