In Cardano Price, he witnessed an electrifying escape over the past few days, experiencing a significant breakthrough after consolidation below 0.6 USD. Before the last augment in prices, Altcoin moved mainly sideways in the range of 0.5 and 0.6 USD.
Interestingly, the price of Cardano seems to be at the beginning of what is to be a monstrous rally in the next few months. The cryptographic expert on the social media platform X presented an electrifying path to the unprecedented highest prices of the ADA token.
Ada in the distribution phase – excellent purchase options?
In the post of July 11 to X, founder and general director of Alphtaltal Joao Wedson common An electrifying stubborn image of Cardano price in the coming months. The expert in the chain presented the $ 4.9 rating as the best market for the Ada token in the next legs.
This bold projection is based on a hard-wearing channel pattern on the daily Cardano price chart. The growing channel is a pattern of the chart in a technical analysis characterized by two main (growing) trends: the upper line acting as a resistance level and the lower line acting as a level of support.
Usually, the difference between these trends is considered a channel in which prices move in a given period-at the same time indicating a long-term trend stubborn. Traders often operate this pattern to identify optimal input and output points, because the price usually affects the upper level of resistance and a lower support line.
As observed in the above chart, the price of Cardano trades in a channel growing from the first half of 2019. After a decline to the lower trend line at the beginning of this year, the price of Ada soon found support and increased above level 1 USD in the first quarter of 2025.
However, Altcoin – as in the case of the rest of the cryptographic market – witnessed a grave deterioration of the economic situation, in which the price of Cardano returned to the lower trend line at the end of June. Interestingly, the price of the token seems to find support and returns nicely.
Wedson in his post on X revealed that what the Cardano price experiences is more than just recovering, because Altcoin can exceed its current highest level in history 3.09 USD in this phase. According to an analyst in the token chain, the ADA can be far above USD 3 at the end of October or early November 2025.
In addition, Wedson noticed that the current level can be the right time for investors to jump into the ADA token, because it is still in the distribution phase in a tiny period. “This may break some technical analysis patterns, but the chain analysis looks promising in several aspects-and I like it,” the analyst added.
Cardano price at first glance
In this letter, the price of ADA is around 0.7124 USD, which reflects almost 6% in the last 24 hours. This positive one -day action emphasizes the overall stubbornness, which Altcoin observed in the last few days. According to data, Coingecko Ada coin has increased by about 30% in the last seven days.
A distinguished picture from Pexels, chart from TradingView
