For months, Cardano’s ADA price had been moving inside a descending channel, making lower highs and lower lows. This kept the market in a clear downtrend, with every rally stopped by the top line of the channel.
That changed when ADA broke out of this structure and moved above the 0.618 Fibonacci retracement level, which sits at around $0.92.
According to crypto analyst Ali, this breakout is a strong bullish signal that could mark the start of a bigger rally.
Next Cardano Price Targets Based on Fibonacci Levels
Ali’s chart shows a possible path for ADA using key Fibonacci levels. The first target after the breakout is around $1.07, which lines up with the 0.786 Fibonacci level.
If the price can stay above that point, the next important target is near $1.26 at the 1.0 Fibonacci projection. Breaking past there could open the way to about $1.62, which matches the 1.272 Fibonacci extension.
Ali says that with strong momentum, $1.50 is now within reach, and hitting that level could be a key milestone in ADA’s recovery.
Earlier in the year, ADA had brief rallies but could not hold its gains, often falling back into the same channel. Ali points out that this time is different because the breakout comes after months of consolidation and is supported by a clear shift in the technical trend.
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With higher momentum and stronger buying pressure, ADA could now have the stability needed to push toward $1.50 in the coming weeks, rather than seeing another short-lived pump.
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