Cardano Price Prediction: Can ADA Hit $1.90 or Even $3.37 in the Next Bull Run? - Crypto Data Space

Is Cardano (ADA) Gearing Up for a Breakout? $3.37 Long-Term Target in Sight

Cardano (ADA) is drawing fresh attention from both institutional investors and technical analysts as it continues to hold above the $0.80 support level, currently trading at $0.84 with a market cap exceeding $30 billion. While the token is down 1.48% over the last 24 hours, it has shown remarkable resilience amid broader market volatility.

Institutional Interest Surges: Coinbase ADA Holdings Up 462%

One of the most notable developments fueling optimism around Cardano is the sharp increase in institutional holdings. Recent exchange data shows that Coinbase’s ADA reserves have skyrocketed from 1.7 million to 9.56 million ADA — a 462% increase over a short time period.

Such aggressive accumulation is typically viewed as a strong signal that larger market participants are positioning themselves for a potential upward move. Analyst Mintern emphasized that this kind of reserve growth rarely happens without a fundamental shift in market sentiment.

Technical Setup: Symmetrical Triangle and Bullish Flag in Play

From a charting perspective, ADA is currently consolidating within a symmetrical triangle pattern, a classic setup that often precedes strong breakouts. According to technical analysts, a breakout above key resistance at $0.96 could trigger a rally towards $1.30. If momentum builds, the next significant upside target sits around $1.90, based on the triangle’s projected measured move.

Trader CW8900 highlighted $1.02 as the critical breakout level. Historically, this has been a zone of strong resistance, capping multiple rally attempts in Q3 2025. Breaking above this level would confirm a shift in momentum and could validate the formation of a more sustained bullish trend.

Adding to the bullish case, analyst Butterfly has identified a bullish flag formation just under ADA’s recent highs. A breakout from this flag pattern could point toward upside targets of $1.50 and potentially $2.00, reinforcing the view that ADA may be transitioning from accumulation to expansion.

Support and Resistance Levels to Watch

While ADA eyes higher levels, support remains firm at $0.80 and $0.75, offering a clear risk framework for traders. The price has tested these zones multiple times in recent weeks, only to bounce back quickly, showing strong buyer interest on pullbacks.

On the upside, resistance levels to monitor include:

• $0.96 — initial breakout zone
• $1.02 — key confirmation level
• $1.10 – $1.20 — historical rejection range
• $1.30 – $1.50 — measured move target
• $1.90 – $2.00 — extended rally targets

Elliott Wave Analysis: Targeting $3.37 Long-Term

Looking further ahead, Elliott Wave analyst Lourenço VS has mapped out a bullish cycle projection that places wave 3 — typically the strongest leg in a bullish structure — at approximately $3.37.

This projection assumes the current phase is part of a broader accumulation cycle, with price movements staying within an ascending channel. As long as ADA respects the lower boundary of this channel, the medium-to-long-term bullish thesis remains intact.

Accumulation Zone Preceding Expansion?

Cardano now appears to be in a prolonged accumulation range between $0.80 and $0.85. This type of sideways movement often acts as a launchpad for larger rallies, particularly when driven by institutional accumulation and supported by technical patterns.

The recent surge in Coinbase holdings, the formation of symmetrical triangle and bullish flag patterns, and strong horizontal support suggest that ADA may be preparing for its next leg higher.

With institutional buying rising, support levels holding, and bullish technical patterns aligning, Cardano’s setup is increasingly favorable for a potential breakout. The next few weeks will be critical as the token approaches key resistance levels that could unlock much higher price targets.

For now, ADA remains firmly on traders’ and analysts’ radars, as it quietly builds strength above one of its most critical price zones.

Cardano Price Prediction: Can ADA Hit $1.90 or Even $3.37 in the Next Bull Run?