Cardano (ADA) Is Positioned for a Rally Toward $10 If It Maintains This Key Support

Crypto analyst Ali Martinez (@ali_charts) has highlighted a potential bullish breakout for Cardano (ADA), indicating that the asset could reach $10 if it maintains key support and breaks resistance. In his latest analysis, Martinez pointed out that ADA must hold above $0.8 while overcoming the $1.2 resistance to confirm an upward trend.

Martinez shared a chart on X showing a historical comparison of ADA’s previous market cycles, emphasizing the possibility of a significant rally. The projection suggests a price increase of over 1,960%, aligning with past patterns that saw ADA surge dramatically following consolidation phases.

#Cardano $ADA remains positioned for a potential surge toward $10, provided it maintains support above $0.80 and successfully breaks through the key $1.20 resistance! pic.twitter.com/qtstL8MwwB

— Ali (@ali_charts) March 8, 2025

Historical Data Supports Bullish Sentiment

Market data reveals that ADA has followed a cyclical pattern in previous bull runs. In 2020 and early 2021, the cryptocurrency experienced a prolonged accumulation phase lasting 41 weeks before breaking its all-time high of $3.1 in September 2021.

Martinez has now observed a similar setup in the market, with ADA repeating the 2020/21 pattern. The analyst also spotted a symmetrical triangle. The combination of these positive technical indicators has bolstered the bullish sentiment surrounding Cardano.

Martinez’s chart shows the asset is near the end of its 41-week consolidation period. All ADA requires is a sustained hold above $0.80, and it could experience a parabolic rise.

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Key Market Perspectives on ADA’s Future

Martinez recently shared an analysis of ADA’s price, suggesting the asset could experience a notable 24% breakout if it can overcome $0.83. This resistance level has held the asset down for some time, and it is currently trading at $0.73, after a drop of almost 9% from yesterday.

If the asset can break above this level, the subsequent push may send it above $1, setting the stage for a run toward $1.2. A move past $1.20 would open the door for a significant rally, potentially hitting double digits as Martinez predicts.

Veteran trader Peter Brandt has also weighed in on ADA’s potential, stating that Cardano has likely bottomed, and is preparing for a grand bull market. Brandt sees the current price action as a strong foundation for future growth and suggests it could kick off the alt season.

Cardano is at a critical juncture, with analysts closely watching its support and resistance levels. Martinez’s analysis suggests that if ADA can reclaim the $0.8 level and break through to $1.20, it could initiate a strong rally toward $10.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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