Cardano Set for Rally with Bullish Signals and $2.50 Target
Cardano (ADA) is signaling potential for a major rally due to bullish technical indicators and network milestones.
- ADA currently trades around $0.65, forming a "textbook breakout setup" with a falling wedge pattern on the daily chart, which could lead to significant upward movement.
- A break above the $0.79-$0.80 resistance may trigger a rally towards $1.10 and potentially reach $2.50.
- Momentum oscillators indicate upward movement; futures market open interest suggests institutional traders are returning.
- Fundamentals are strong, with the network surpassing 115 million transactions and launching new initiatives like Cardano domain names and the Ouroboros Leios upgrade.
- The ecosystem's growth attracts institutional interest, with projects like the RWA initiative valued at over $10 million driving engagement.
- Cardano's low gas fees and DeFi integrations position it as an alternative to Ethereum for scalable applications.
- The combination of strong fundamentals, bullish technicals, and institutional confidence makes ADA a stable asset in Q4 2025.
