TLDR:
- ADA breaks year-long downtrend with volume backing, now aiming for $1.20 to $3.10 targets.
- Key support sits at $0.80–$1.00, with any drop below $0.80 risking the bullish breakout.
- Weekly structure shows rounded base, signaling start of multi-month upward trend for ADA.
- Analysts expect shallower dips as higher-degree wave structures form on ADA’s chart.
After months of building pressure, Cardano’s ADA has finally broken above a major resistance zone. Traders are watching as the move could signal the start of a new multi-month rally.
Momentum has shifted decisively, with volume confirming renewed buying strength. Market analysts say holding support between $0.80 and $1.00 is now the key to keeping the bullish setup alive. Price projections are stretching as high as $3 if the trend holds.
ADA Price Structure Signals New Cycle
According to chart analysis shared by trader Smith, ADA has been forming a rounded base since early 2023. This accumulation phase culminated in a breakout above a descending channel that had limited upside since early 2024.
At the time of the analysis, ADA was trading at $0.9881, marking a 23.3% gain in the week. The breakout level near $1 is being closely monitored, with sustained closes above it seen as a confirmation of a long-term trend reversal.
$ADA finally breaking out after months of pressure.
Momentum’s kicking in, volume confirming.
Targets reach up to +220%.
The real move might just be starting. pic.twitter.com/nzwbglNM6V
— Smith (@CryptoSmith0x) August 15, 2025
Smith’s upside targets begin with $1.20 to $1.30, followed by a major target near $3.10, which would represent a gain of roughly 220% from the breakout point. The structure of higher lows forming on the weekly chart aligns with a transition into a bullish cycle.
Volume has picked up during the move, reinforcing buyer conviction.
Key support now sits between $0.80 and $0.85, an area that previously marked the top of the breakout channel. Analysts warn that losing this zone could push ADA back into consolidation.
Smith emphasized that a breakdown below $0.80 would invalidate the bullish thesis and suggest the move was a false breakout.
Market watchers such as XForceGlobal believe ADA may have already completed a higher-degree wave two pattern. From here, they expect dips to become shallower as nested 1-2 structures take shape.
This aligns with broader technical views that ADA could be entering a multi-leg advance.
$ADA#Cardano's #ADA most likely has an established higher degree wave 2 for any scenario.
From here, I'm expecting dips to become progressively shallower as nested 1-2's unfold. Now we closely observe whether the minor degree 1-2 has completed or if a flat is in play. https://t.co/g8gbkCnVEP pic.twitter.com/31ZSBKsio1
— XForceGlobal (@XForceGlobal) August 14, 2025
Analysts Expect Rotations Into Cardano
In a separate view, analyst Sssebi pointed out that ADA remains one of the few top 10 crypto assets with potential for 5x–10x returns this cycle. They expect capital to rotate from Bitcoin and Ethereum into mid-cap assets with higher upside, with ADA leading the list.
At press time, CoinGecko data shows ADA trading at $0.9543, down 5.21% over the last 24 hours but still up 20.71% over the past week. The price action now hinges on the $0.80–$1.00 zone.
Holding this support could keep the door open for ADA’s next leg toward multi-dollar targets.
The post Cardano Nears Key Resistance as ADA Price Targets 220% Surge appeared first on Blockonomi.
Source: https://blockonomi.com/cardano-nears-key-resistance-as-ada-price-targets-220-surge/