Cardano (ADA) Price is Set for a Rally That Could See a 77.68% Breakout

Cardano price is set for a rally that could see a 77.68% breakout on the heels of its cross-chain update which aims to unlock smart contracts and DeFi on Bitcoin.

Cardano price is set for a rally that could see a 77.68% breakout on the heels of its cross-chain update which aims to unlock smart contracts and DeFi on Bitcoin. Moreover, the price action also comes on the background of Bitcoin’s recent performance, where the leading asset is only 2% away from its previous all-time high.

Ascending Channel Suggests Cardano Price is Heading for a Rally

Cardano price experienced a significant downturn, declining approximately 56.54% from its March 3 peak of $1.176 to a low of $0.5111. This correction signaled a bearish trend that persisted over several weeks.

Only recently did Cardano’s price action start showing signs of recovery after flipping the $0.5111 level into support and rallying to a local high of $0.8650 where it faced rejection.

While the price has since undergone a slight correction to $0.75655, an ascending channel has formed that suggests renewed bullish momentum. Moreover, the $0.6432 price zone which had previously acted as a barrier is now a key support level. This shift in price momentum suggests accumulation, though a confirmation will require a decisive move past $0.86510.

Should Cardano price clear that resistance, it opens the door for a continued rally toward its previous high of $1.3275, last reached in December 2024, a move that represents a 77.68% upside.

Cardano’s Biggest News in 2025 is the Bitcoin Integration

Cardano founder Charles Hoskinson announced Cardano’s integration with Bitcoin, a milestone that ushers a new era for cross-chain decentralized finance (DeFi).

The integration will reinforce Cardano’s position in the DeFi space by attracting more liquidity sources and paving the way for seamless interoperability between the two layer 1 blockchains.

“You can now use Bitcoin with Lace. Welcome home Bitcoin,” Hoskinson stated on X, referencing the Cardano wallet, Lace.

Expert Sentiments Mirror Bullish Action, Is a Bull Run Coming?

Crypto chartist Ali Martinez had his say on Cardano’s price action, where he observed an ascending channel.

“Holding above roughly $0.72 (the channel’s lower trendline) could pave the way for a rally toward $0.92,” he told his X followers.

Another influential trader on X, MrBanana posted,

“$ADA can do an easy 10-20x from here. 10x from here is an easy $7… I’m freaking bullish right now!”

Meanwhile, derivatives data from Coinglass shows that the Cardano market is still indicating healthy interest with both open interest and volume remaining at decent levels. This suggests that traders are exercising caution and awaiting the right signals to enter or exit new positions.

However, funding rates are still relatively neutral, which could indicate a lack of extreme bullish or bearish sentiment. Overall, derivatives data supports a watch-and-wait approach for Cardano price prediction as the cryptocurrency is currently trading close to key technical levels.

Final Take on Ada Price Analysis

Rising open interest, expert sentiment and the recent integration with Bitcoin suggest a build-up of bullish momentum for Cardano. However, buyers need to exert more strength and influence in the derivatives market. This will generate greater momentum in terms of both open interest and funding rates.

Frequently Asked Questions (FAQs)

1. What is preventing ADA’s price from reaching all-time high?

2. What is the biggest price hurdle for ADA?

3. Can Cardano (ADA) price hit a new all-time high?