Cardano Price Forecast Predicts 300% Surge to $2.65
The price of Cardano (ADA) is indicating a potential breakout, with forecasts suggesting a possible increase of 300% to $2.65 in the coming months.
- Analyst Master Ananda predicts ADA's surge based on a Falling Wedge pattern observed since January 2025.
- This pattern suggests a bullish reversal following a decline, with ADA recently breaking upward from this formation.
- A higher low was noted on April 7, 2025, near the critical support zone of $0.57-$0.60, indicating a potential bottom.
- The projected price targets include key Fibonacci levels: $0.81 (0.382 Fib), $0.91 (0.5 Fib), $1.01 (0.618 Fib), and $2.65 at the 2.618 Fib extension.
- Short-term fluctuations are expected; however, the overall trend indicates sustained growth into Q3 2025.
- Long positions remain secure as long as prices hold above the 0.236 Fibonacci support at $0.69.
