A prominent crypto commentator predicts Cardano $ADA could test new highs, suggesting the coin may come back from the dead.
In a post on X, crypto analyst Michael Pizzino highlighted a technical shift in ADA’s price action. The chart spans from October 2024 to August 2025 and shows a confirmed breakout from a descending resistance trendline.
Michael believes Cardano has potential if and when it gets back above $0.95. He considers this area the halfway point from last year’s December to the February 2025 correction.
This resistance had defined ADA’s downtrend for months. Notably, ADA eventually formed a textbook inverse head-and-shoulders pattern, a bullish reversal signal. The breakout occurred above the triple bottom neckline at $0.506, a level now acting as solid support.
💥Price Holds Near $0.80, Analyst Bullish on $1.66
As of this press time, Cardano is trading at $0.8023, down 5% over the past 24 hours and 7.7% in the past week. Despite the pullback, ADA remains up 42.7% in the past month, signaling sustained bullish momentum.
ADA reached a high of $0.92966 on July 21 before retracing to its current range. The area between $0.8045 and $0.8246 now serves as immediate resistance.
A break above this range could lead to a move toward the psychological $1.00 mark, the value it last reached on May 5. Michael believes Cardano reaching $0.99 could retest the $1.66 level with potential for more upside movement.
With the neckline at $0.506 confirmed as support, a drop below $0.506 could reintroduce downside risk, though current momentum remains above that threshold.
💥Is Cardano Undervalued at the Current Price?
Meanwhile, crypto influencer Josh believes ADA is undervalued at its current price of $0.80. He suggests that a 5x to 10x return is more than reasonable, highlighting ADA’s breakout potential as it approaches a key descending trendline resistance.
Supporting this outlook, Token Talk noted that ADA has shown immense strength by confirming a bullish reversal pattern, specifically a classic Double Bottom formation.
These technical signals suggest that ADA may be on the verge of a major upward move, positioning it as a compelling opportunity in the current market cycle.
Adding to the bullish sentiment, Crypto King called the ADA 1-day chart “a bliss to watch.” He highlighted a key resistance level and hinted at a massive breakout on the horizon. According to him, once this level gives way, ADA could surge to at least $1.4–$1.6, with a new all-time high potentially programmed into the near future.
Notably, analysts are super bullish on Cardano’s long-term price action. Mintern and Tyler Burke project ADA could hit $11–$12 by 2026, citing long-term accumulation and signs of a potential parabolic breakout in the next market cycle.
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