The rise of Cardano (ADA) has surprised everyone and everyone: the Cryptocurrency presents great increases that push analysts to dream of all-time highs.
Precisely at the time of writing the price of ADA is trading at $0.746, with daily gains of 13.24%, weekly gains of 70.8%, and impressive monthly gains of 115%.
Cardano’s bullish rally began precisely on November 6 in the US presidential elections and when everything indicated an imminent victory for Donald Trump.
It is worth noting that before the elections the price of ADA was around 0.33 USD, however, 7 days later the token rose to 0.62 dollars.
It is not only about the victory of Donald Trump, who has committed to the crypto sector. We must also take into account the current regulatory context of the main altcoins in capitalization.
Projects like Cardano face major complaints from the SEC, which is why, given the change in administration, they see the end of large regulatory raids by government agencies.
On the other hand, the price of Bitcoin is trading at historic levels, which inevitably pushes altcoins higher. Therefore, even its stabilization at current levels can be highly bullish for cryptocurrencies.
Another bullish factor for ADA is its new listing on Robinhood. In the past this platform had delisted the Cardano token, which is why we are talking about a “new inclusion.”
Analysis of ADA charts: Levels to take into account
On the historical chart, the price of ADA appears to be breaking out of a falling wedge pattern, which has predicted all-time highs in various analyses.
Analysis of ADA graphs. Source: TradingView.
However, in the medium term the price surpassed an important level by reaching $0.70.
In the short term or on the weekly chart, Cardano rally reflects a 2020-2021 trend, when the price experienced a rally to all-time highs and it happened in the middle of crossing the 20 EMA above the 50 EMA. At that time, ADA rose from $0.061 to $2.29.
Regarding the important resistances, it is worth highlighting the 1 USD line, which serves as an important psychological range and which the price must overcome on the way to its historical highs.
We can also mention $0.85 as an intermediate resistance that would precede the current key range.
Above the supports, the price would find support around $0.64, however, the strongest floor should be around $0.59. A fall below this level would take the price towards the psychological support of $0.50.
Finally, the RSI at 53 points and in this context of correction shows that the bears are not in control, the price could be finding support at current levels and would give rise to new rallies.
Alí Martinez predicts that ADA will reach 6 USD
As we said at the beginning, several analysts still expect a significant rebound for the price of ADA, this is the case of analyst Ali Martínez, who even predicted a rebound for ADA to 6 USD. Their analysis was based on historical price patterns combined with technical indicators.
It should be noted that in the past increases in the price of the Cardano token were characterized by long periods of consolidation and rallies of up to 4,000%.
“ADA will reach $6 between July and September 2025.”
As we see in the analyst’s graph, the rally in this token began on the 4th of this month and so far it has been very consistent with the rally that took it to historical levels. Other less ambitious analyzes use this same historical pattern to assert that 1 USD is quite feasible at this time.
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