Date: Wed, July 09 2025 | 11:16 AM GMT
As Q3 kicks off, the cryptocurrency market continues its impressive rally from Q2. Ethereum (ETH) is leading the charge, trading near $2,625 with strong 6% gains over the last 7 days. Riding this bullish wave, many altcoins are shaping up for potentially significant moves — and Cardano (ADA) is one of them.
While $ADA also climbed over 6% over a week, it’s the chart structure that’s now attracting attention. A clear bullish fractal — one that mirrors a recent setup on Sei (SEI), which exploded more than 76% — is forming on ADA’s daily chart.
Source: Coinmarketcap
ADA Mirrors SEI’s Breakout Structure
Looking back at SEI’s move, the token was locked inside a falling wedge — a well-known bullish reversal pattern. Once SEI broke out of the wedge and reclaimed its 50-day and 200-day moving averages, it surged by more than 76%, reaching a peak around $0.34.
SEI and ADA Fractal Chart/Coinsprobe (Source: Tradingview)
Now, ADA appears to be tracing a nearly identical pattern.
ADA’s price recently broke out of its own falling wedge and is now consolidating just below the 50-day moving average near $0.64. This level is critical — it’s the same type of resistance SEI faced before its sharp rally. The similarity between these two setups — the structure, the breakout, and the MA resistance coil — is striking and gives traders reason to anticipate a possible repeat performance.
What’s Next for ADA?
To confirm a bullish continuation, ADA needs to break and close above $0.64 — the current barrier formed by its 50-day MA. If it does, the next major target sits near the 200-day MA at around $0.75, offering a potential 25% upside from current levels.
However, as with all breakout patterns, confirmation is key. A failure to breach $0.64 could result in more sideways consolidation.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
