Cardano price prediction: Is a breakout likely?

The price of Cardano has just completed its second bounce back week in September, recovering part of the gains lost in August.

In addition, Cardano has surpassed another large network, rising to a position in the top 10. The price of ADA has maintained a steady upward trend for 7 consecutive days.

This performance highlights strong growth momentum, pushing the price to a high of $0.95.

The price of ADA has increased by more than 7% over the weekly timeframe. However, this upward trend has also retested a long-term downtrend line. Breaking through this line could mark the beginning of a strong bullish phase for ADA.

Price movement of ADA | Source: TradingViewThe expectation of a price increase for Cardano, if it breaks out of the resistance level, mainly stems from the fact that the price seems to be forming a long-term cup and handle pattern.

ADA has maintained a significantly higher price level compared to its low range in October 2024 and may be on the verge of a booming growth phase in the second half of the model.

However, this only happens if the pattern actually plays out. Traders should also consider the possibility that the price of ADA may not be entirely in the cup and handle pattern.

Fortunately, the long-term downtrend line could be the key factor in determining whether a strong bullish scenario will actually occur.

Is a price prediction of $25 for ADA a reasonable target?

ADA reaching $25 is one of the standout trends on X this Saturday. This highlights the strong market optimism, especially following the recent bounce back of this coin.

Is the idea that the price of ADA could soar to 25 dollars realistic?

Based on the current circulating supply, ADA would need a market capitalization of $894.5 billion to reach a price of $25. This means it would have to surpass the current market capitalization of Ethereum.

The fact is that the market capitalization of Bitcoin is now many times higher, indicating that this could also happen with the Cardano network.

However, the market capitalization of ADA would have to increase 26 times from its current level to reach 25 dollars, which seems very unlikely before the end of 2025.

However, this can be achieved in the long term, especially if the network achieves strong global usage.

Regarding reasonable price predictions, the cup and handle pattern of ADA may provide hints about the price direction in the coming months.

It may take a few months for the price of ADA to complete the second half of the cup and handle pattern, and this means that the price could surpass $3 at some point in 2026.

Cardano temporarily surpasses Tron to take the 11th position

The recent price surge of Cardano has led to a significant growth in market capitalization, helping it climb one notch at the beginning of last week.

This increase provides enough momentum for Cardano to surpass the Tron network. Its market capitalization a day earlier was $33.3 billion, slightly higher than the Tron network.

The gap between these two coins is quite narrow, and particularly much larger than the gap between Cardano and Dogecoin, which is in 8th place.

Dogecoin is leading by about 10 billion dollars, which means Cardano will have to go through a tough road before rising up another level.

As of the time of writing, the market capitalization of Cardano is $32.4 billion and this coin has fallen back to the 11th position.

Nevertheless, ADA may still have a “trump card” up its sleeve. The approval of the Cardano ETF could pave the way for substantial capital inflow. This outcome will help it get closer to the 8th position.

Minh Anh