Cardano (ADA) has faced recent turbulence, echoing the broader crypto market’s ups and downs. After a brief recovery in mid-April, the price dropped again, settling around $0.6152 today—a modest 1.04% daily increase but still down 0.76% for the week. Despite the dip, analysts are signaling a promising long-term outlook.
A Bullish Blueprint: The Cup-and-Handle Formation
Renowned crypto analyst Dan Gambardello has brought attention to a potential Cup-and-Handle pattern forming in ADA’s price chart. This classic bullish signal has historically preceded major breakouts. According to Gambardello, the current setup resembles Cardano’s movement before its explosive 2021 rally, suggesting history could repeat itself.
From Dip to Rip: How the Chart Tells a Story
Between 2018 and 2021, ADA’s price formed the “cup”—a rise from near-zero lows to highs around $3.10, followed by a correction. The “handle,” a smaller pullback from late 2021 to 2024, appears to have completed with a breakout in November 2024. ADA is now retesting that breakout, which could act as a launchpad for the next upward leg.
Target in Sight: Could ADA Hit $10?
Gambardello’s analysis highlights a long-term resistance trendline stretching back to 2018, now aligning with a $10 price target. The March 2025 peak of $1.14 also mimics past bullish setups, further supporting the idea of a potential price explosion—if ADA can maintain its current support.
New Allies in the Bull Camp
Even former skeptics are changing their tune. Crypto influencer Alex Becker, once critical of Cardano, now lists ADA among his top altcoin picks for the current cycle. He believes the coin’s slower price action compared to other projects, like Solana, positions it well for significant gains—with targets as high as $4 to $5.
Final Thoughts: Slow Climb, Strong Finish?
While Cardano’s recovery isn’t happening overnight, analysts suggest that patience may be the key. With bullish technical patterns, influential backing, and historical trends lining up, ADA could be gearing up for a powerful breakout—rewarding holders who weather the current volatility.
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