TLDR
- Cardano is currently trading at $0.66, representing a 3% decline over the last 24 hours.
- Chartist Ali Martinez predicts a bullish breakout as Cardano forms a symmetrical triangle.
- Cardano’s price has been suppressed since its December high of $1.32, but key support has held.
- A breakout from the symmetrical triangle could push Cardano past the $0.80 resistance level.
- Experts forecast a 157.5% price increase, potentially bringing Cardano to $1.70.
Cardano (ADA) is currently trading at $0.66, representing a 3% decline over the last 24 hours. The cryptocurrency had shown a promising start to the week, reaching $0.69 on Monday. However, it has since retraced and is consolidating within a symmetrical triangle pattern.
Bullish Momentum Builds as Cardano Forms Symmetrical Triangle
Cardano has been trending within a symmetrical triangle pattern, according to chartist Ali Martinez. He points out that the cryptocurrency has seen a series of lower highs and higher lows. The pattern has suppressed Cardano’s price since its peak at $1.32 in December, with a recent rejection from the upper trendline at $1.02 in August.
Cardano $ADA looks prime for a bullish breakout! pic.twitter.com/v8h4aahOdo
— Ali (@ali_charts) October 27, 2025
Despite the recent price rejection, Cardano has held its support at $0.59. This indicates that the cryptocurrency could rebound, Martinez explains. As the price tightens within the triangle, he believes an upward breakout could be on the horizon.
Martinez forecasts that Cardano could break past the $0.80 resistance level in the near future. He expects the breakout to trigger a rise that could push the cryptocurrency above the $1 mark. A bullish move could lift Cardano to $1.70, which aligns closely with the Fibonacci extension at $1.75.
Cardano’s current price action suggests that an upward breakout may be imminent. As the price approaches the apex of the triangle, momentum is building. The breakout could lead to a 157.5% increase in ADA’s price, potentially reaching $1.70 from its current level.
Top Analysts Expect ADA to Surpass $1 in Near Future
Dan Gambardello, another top analyst, shares a similar outlook for Cardano. He suggests that the cryptocurrency could double in price, reaching levels between $1 and $1.30. Gambardello believes this price surge will occur unexpectedly, driven by rising demand.
MMB Trader also predicts that Cardano is poised to surpass $1. The key support level at $0.51 has remained firm, providing a solid foundation for a potential price rebound. As long as the $0.51 support holds, Cardano’s chances of breaking the $1 barrier increase.
Cardano’s price outlook is currently positive, with multiple analysts expecting a strong breakout. If the symmetrical triangle pattern unfolds as predicted, ADA could experience a significant rally. The coming weeks may reveal whether Cardano can push past key resistance levels, reaching the $1 target and beyond.
