Cardano is showing renewed vigor—breaking out of long-term resistance and entering bullish territory. Strong technical signals, including a triple bottom, rising open interest, and movement above the 200-day moving average, suggest upward trajectories ranging from $1.00 to $2.40, with even more optimistic targets near $5 if major structural catalysts arrive. Still, a sideways path between $0.85–$1.05 remains possible if broader adoption lags.For on-demand analysis of any cryptocurrency, join our Telegram channel.ADA Crypto Next TargetCurrent Price: approximately $0.97 per ADA (intraday range: $0.91–$0.98)Market Capitalization: roughly $34.63 billion, ranking #9, with a circulating supply of ~35.6 billion ADA and a max supply of 45 billion ADA24-Hour Trading Volume: around $2.06 billion USDCurrently, it is testing out the pattern above it. A successful test of the pattern will provide a bullish trend.Buy NowKey Indicators & Technical Signals Used for ForecastingSupport & Resistance LevelsSupport holding at $0.90Immediate resistance at $1.00, with a breakout potentially leading toward $1.85–$2.40Open Interest: Market showing strong engagement, with a record $1.82 billion in open interest, suggesting heightened trader participationChart PatternsA triple bottom formation around $0.60, signaling a potential reversal from a long downtrendBreakout above the 200-day moving average and completion of a falling wedge pattern—both bullish technical cuesRecent Performance: ADA climbed about 6% today, reaching a five-month high on renewed demand and increased on-chain activityForecast OutlookBullish Scenario: Sustained support near $0.90 plus a breakout above $1.00 could propel ADA toward $1.85–$2.40. Analysts also suggest mid-2025 upside potential all the way to $1.84–$2.06 based on the triple bottom and breakout pattern.Moderate Outlook: Price may trade in a sideways channel between $0.85 and $1.05 this August, moving higher only with strong ecosystem developments.Optimistic Scenario: Broader bullish sentiment and major upgrades could support ADA stabilizing between $1.50–$2.50, with rare cases targeting up to $5 if catalyzed by ETF approval and successful Hydra/Acropolis upgrades.Longer-Term Projections: ADA may reach around $1.06 by end of August, further rising to $1.34 in September, possibly entering the $1.43–$1.52 range in October, and closing the year near $1.46—reflecting strong mid-to-long term upside.Latest News HighlightsBreakout at 5-Month High: ADA has broken out of a prolonged downtrend, forming a triple bottom near $0.60. Analysts now eye a climb toward $1.84–$2.06.Technical Breakthrough: Price successfully crossed above the 200-day moving average and out of a falling wedge—often a bullish reversal setup.Resistance Overcome: Cardano, alongside Pi Network, has broken through key resistance levels.For on-demand analysis of any cryptocurrency, join our Telegram channel.Binance Executive Files Human Rights Violation Suit Against Nigerian AuthoritiesGainium Review: Try for Free During the Beta launch!Hong Kong Explores SFC Oversight for Crypto OTC TradingThe Philippines Will No More Accept Crypto License Applications For 3 Years