Key highlights:

ADA has surged 70%+ since late June, signaling the end of its downtrend and the start of a potential new bull cycle.

Technical indicators—like breakout above the bull-flag, the 50- and 200-day SMAs, and Bollinger Bands expansion—point to a possible climb toward $2.70–$3.00.

Analysts highlight that a breakout past $0.89 could trigger a much larger rally.

📌 Why this post stands out:

It’s firmly grounded in technical analysis and recent price action.

It quantifies realistic upside potential based on historical patterns.

It reflects broader market sentiment and timing—not just speculative hype.

🔍 Additional Noteworthy Updates

• 🧨 ADA Technical Pullback: Holding Support Near $0.79

Despite a recent 5% dip from resistance, analysts frame this move as a healthy correction, not a reversal. As long as $0.79 holds, a climb toward $1.50 remains plausible.

• 🧾 Broader Analyst Forecasts: Steady to Moderate Bullish

Changelly projects moderate gains through 2025–2030, with gradual adoption likely keeping ADA in a steady uptrend.

Intellectia AI suggests ADA may reach $2.95–$4.47 by 2028, hinging on ecosystem growth and sustained adoption.

• 📉 Declining On-Chain Metrics & Sentiment Risk

While investors are watching upside, some metrics—like network activity and the long/short trading ratio—show signs of weakening confidence. If ADA slips below $0.70, deeper corrections toward $0.51 could materialize.

🧠 Summary at a Glance

Theme Insight

Current Momentum $ADA up ~70%, nearing breakout levels near $0.89

Upside Target $2.70–$3.00 range based on bullish chart indicators

Critical Support Zone Holding $0.79 keeps bullish thesis intact; falling below $0.75 may risk deeper pullback

Medium-Term Outlook ADA could potentially hit $3–$4 by late 2028 with growing ecosystem activity

✅ Final Thought

The post titled “Can ADA price reach $3? Cardano greenlit for 216% rally” strikes a great balance—grounded in recent technical data, market context, and realistic upside targets. It provides a balanced, disciplined view rather than speculative extremes.