Will Cardano (ADA) Break Out This Week? $1.25 Target in Sight

Sean Williams
Cardano (ADA)

Cardano (ADA) is hovering near a key resistance level, and a major price move may be just around the corner. Crypto analyst Dan Gambardello recently released a video highlighting ADA’s bullish setup, pointing to both technical and macro indicators that suggest a breakout could be imminent.

A Breakout or a Pullback? ADA at a Turning Point

Gambardello noted that ADA’s current risk level—based on his custom risk model—is sitting at just 31, a level not seen since the early stages of its last major bull run. He identified a solid support zone between $0.50 and $0.60, while resistance looms near $0.77 to $0.80. If Cardano can push past this ceiling, he predicts a surge to $1.25 could be next, potentially setting the stage for a larger rally.

He emphasized that ADA’s price could be influenced by external market forces, including upcoming comments from Federal Reserve Chair Jerome Powell and traditional market movements. Gambardello also referenced similarities between ADA’s current chart and its historical bull cycles, hinting at a possible parabolic move.

Also Read: Cardano [ADA] Primed for Surge: Whale Accumulation & Bullish Signals Point to Rally

Key Indicators and Macro Signals Align

Technically, Cardano is showing promising signs. The 20-day moving average is on track to cross above the 50-day moving average—often seen as a bullish indicator. But for ADA to maintain upward momentum, it must hold above current support levels and decisively break through $0.80.

Gambardello also pointed to macroeconomic factors like the M2 money supply and the anticipated end of quantitative tightening. These could inject further volatility into the market, either accelerating ADA’s gains or triggering a short-term correction.

As investors watch ADA battle between bulls and bears, one thing is clear: Cardano is entering a critical phase. A breakout above $0.80 could ignite a rally toward $1.25 and beyond. But if support fails, a temporary pullback could be in store.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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