ADA Price Breakout: Cardano Targets $1.40 After 6% Surge

Cardano is making waves again as the ADA price surges past $0.71, gaining over 6% in 24 hours. This upward move follows a confirmed Cardano breakout from a long-standing descending wedge pattern, indicating renewed optimism. Analysts, including Justin Wu, see this as a key turning point for the Cardano price. The coin has posted a consistent pattern of higher highs and higher lows over the past week, aligning with the Cardano bullish trend. Traders are now eyeing whether Cardano can hold above its critical price support zone to sustain momentum.

Cardano Breaks Free From Wedge, Sparks $1.40 Target Talks

According to technical expert Justin Wu, ADA has exited a descending wedge that had pressured the Cardano price lower since February. The breakout, observed between April 11 and 12, was accompanied by an 8% jump, triggering the start of a Cardano bullish trend. The wedge pattern had capped ADA gains for months, but the breakout signals a possible trend reversal. The Cardano price has since found a base above $0.51 – its price support zone. Traders are now watching resistance near $1.2456, with potential upside to $1.4642, which would represent a 103.5% rally from current levels.

Chart Watch – Cardano Bullish Setup Remains Intact

The ADA price has sustained gains following its breakout and is now targeting the $1.2456 resistance. According to analysts, volume and momentum indicators continue to support a bullish structure. In the chart below, ADA is trading comfortably above the 50-day EMA with a confirmed breakout. The RSI is approaching overbought territory but remains strong, while MACD shows a bullish crossover. 

Chart 1 – ADA/USDT price, published on TradingView, April 25, 2025.

If buying pressure continues, the Cardano price may soon challenge the next major resistance near $1.4642. Traders should use caution, though, as the mood of the market as a whole can change rapidly. To confirm more increases, the Cardano price support must remain above $0.51. The bullish scenario might be refuted, and ADA could return to its prior range if there is a breakdown below this level.

Analysts Predict 260% Rally If Breakout Holds

Multiple analysts are optimistic about ADA’s long-term outlook. CryptoPatel forecasts a possible rise to $5, citing a rising channel on the weekly chart. Javon Marks echoes this bullish sentiment, noting that ADA is positioned for another explosive Cardano breakout similar to its last 300% move. He sets new price targets between $2.70 and $2.91, over 260% above the current Cardano price. As accumulation persists between $0.45 and $0.65, these forecasts demonstrate rising confidence in the ADA bullish trend. How well Cardano can hold onto important support levels will determine how strong the next move is.

$ADA (Cardano) is pushing majorly towards another BREAKOUT and the last resulted in a nearly +300% gain!

With targets over 261% away between $2.70 and $2.91, a positive breakout here could be massive and lead into a run to the meeting of those levels… https://t.co/i1AhnN5iqg pic.twitter.com/SWMljMMwZH

— JAVON⚡️MARKS (@JavonTM1) April 24, 2025

What’s Next: Will ADA Price Confirm the Rally?

Looking ahead, all eyes are on whether the ADA price can close above $1.2456 to confirm sustained bullish momentum. The recent ADA breakout has reignited investor confidence, but broader market volatility remains a risk. If Cardano price support holds and momentum persists, analysts believe a surge to $1.4642 is achievable. The ADA bullish trend appears to be gaining traction, with multiple forecasts pointing to even larger gains in the coming weeks. For now, the Cardano price remains in focus as one of the top breakout candidates in the crypto market.