Cardano Defies Market Pullback: Could On-Chain Momentum Signal a 70% Run Ahead?

While most cryptocurrencies saw steep declines amid a $1.05 billion liquidation wave, Cardano (ADA) stood out as the only top-50 asset in the green.Despite an 11% dip after topping $1.00 for the first time since March, ADA quickly recovered, hovering between $0.89 and $0.91 and signaling strong buyer support on dips.The resilience came even as Bitcoin retreated from its $124,128 all-time high to the $118K–$119K zone and broader macroeconomic pressures weighed on risk assets. Analysts believe ADA’s ability to maintain momentum despite market turbulence strengthens its bullish case.Cardano (ADA)’s Technical Breakout Points to 70% UpsideMarket analyst Ali Martinez notes that ADA has finally broken out of a descending channel that’s been in place since its December 2024 peak at $1.32. This move mirrors price action from the 2020–2021 cycle, when ADA consolidated in a similar pattern before rallying to an all-time high of $3.09.With the breakout confirmed above $0.84, Martinez projects a potential 70% run toward $1.50. Other analysts, like Crypto Yhodda, point to the repeating pattern from the last cycle, suggesting ADA could next target $1.80 before attempting a breakout toward new multi-dollar highs.Key support now lies between $0.80 and $1.00, with a sustained close above $1.02 likely confirming the next leg upward. Should bullish momentum hold, upside targets include $1.20, $1.50, and potentially $3.10 in a multi-month rally.On-Chain and Institutional Signals Boost ConfidenceADA’s fundamentals are also backing the bullish case. On-chain activity has surged to 2.6 million daily transactions, with low fees of $0.12 enabling mass adoption, especially in emerging markets.The ADAV2 upgrade, featuring zero-knowledge smart contracts, decentralized governance, and Hydra scaling up to 1 million TPS, is attracting enterprise interest.Institutional adoption is accelerating as well. Grayscale has increased ADA’s allocation in its Smart Contract Platform Ex-Ethereum Fund to 20%, and the SEC is reviewing a dedicated ADA ETF. A favorable decision could unlock billions in inflows, mirroring Ethereum’s post-ETF rally.Bottom LineWith technical breakout patterns aligning with on-chain strength and growing institutional interest, Cardano’s 2025 rally may be far from over.If current support zones hold, ADA could be poised for a 70% surge, challenging key resistance levels and potentially redefining its place among top altcoins.Cover image from ChatGPT, ADAUSD chart from TradingviewWeiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC