Cardano (ADA) appears poised for a powerful breakout. Analysts project a potential surge of up to 159%, taking the asset as high as $1.8612, provided key technical support levels hold strong.
According to a recent analysis by Rose Premium Signals, ADA has entered a critical phase of retesting a falling wedge structure—a well-known bullish reversal pattern. In an X (formerly Twitter) post published on March 20, the analyst confirmed that Cardano is approaching a pivotal price region that could ignite an aggressive uptrend.
Cardano’s Bullish Setup: Retest Before Liftoff?
After forming a falling wedge since reaching a local high of $1.327 in December, Cardano broke out of the pattern on February 13. The breakout showed promise but lacked immediate follow-through, as the asset returned to test its breakout support near $0.65 on March 2—a move that coincided with President Donald Trump’s announcement of a strategic U.S. Bitcoin reserve.
Rather than view the pullback as a weakness, Rose Premium argues it’s part of a healthy bullish retest. The asset has demonstrated strong reversal momentum since that bounce, and analysts believe this consolidation marks the beginning of a longer-term uptrend.
If ADA successfully defends the $0.65 support level, Rose Premium anticipates a strong rebound toward three bullish price targets:
- First target: $1.2265 — a 71% gain from the current price.
- Second target: $1.5230 — a 112% increase.
- Final target: $1.8612 — representing a 159% rally.
However, the analysis also highlights that ADA must break through local resistance at $0.82 to confirm a continued bullish structure. Failing to do so may stall or even reverse the expected upside.
ADA Still Range-Bound: Another Analyst Weighs In
Meanwhile, another market analyst, known as the “Man of Bitcoin,” has also commented on ADA’s trajectory. He pointed out that Cardano remains trapped within a sideways trading range, with price movement narrowing between $0.65 and $0.777. In his view, the next major breakout—or breakdown—will define ADA’s medium-term trend.
If ADA pushes beyond the $0.777 resistance, he believes it will create bullish momentum for further gains. However, should it fall below the $0.65 support, it could initiate a bearish correction, pulling the price back to $0.580 and potentially even to the 0.618 Fibonacci retracement level at $0.533.
Market Sentiment and Momentum
Adding to the bullish case, sentiment around Cardano is heating up. According to a recent report, positive social sentiment surrounding ADA has reached a four-month high. This renewed interest may attract capital inflows and reinforce momentum, helping the asset sustain any breakout attempts.
Related article: Cardano (ADA) Falls 5% Below $0.70 – What’s Next for Investors?
With key support holding, technical patterns forming, and sentiment rising, Cardano could be poised for its next major rally. However, market participants will be watching closely to see if the asset confirms these bullish signals or drifts further into uncertainty.
