Could $3 Be Closer Than Expected?

Cardano (ADA) has surged past the $1 mark for the first time in months, gaining over 20% in the past 24 hours. The breakout, from $0.8454 to $1.01, signals renewed bullish momentum after a prolonged downtrend.

Technical Levels Point to Higher Targets for Cardano (ADA)

The immediate challenge for ADA is the $1.17–$1.18 resistance zone, which aligns with previous trendline caps. A decisive close above this range could open the path toward $1.24–$1.43. Analysts also highlight $1.50 and $2.00 as key psychological checkpoints before any $3 attempt.

Momentum indicators are reinforcing the bullish outlook. The RSI has crossed above 50, while the MACD has made a bullish crossover, signals that previously led to rallies exceeding 170%. Historical patterns suggest that even a moderate follow-through could lift ADA toward $2.06 in the coming months.

Support remains firm near $0.84, a level where buyers have consistently stepped in. As long as ADA holds above this zone, analysts expect further upside pressure.

ADA's price trends to the upside on the daily chart. Source: ADAUSD on Tradingview

Could $3 Arrive Sooner Than Expected?

Market sentiment is heating up, with some traders calling this ADA’s strongest setup in over a year. Crypto analyst Deezy predicts a $3 move in less than a month if momentum mirrors past Golden Cross rallies. Others, like Crypto Tigers, see potential beyond $3 should breakout volume remain strong.

However, the road upward may not be without turbulence. Overbought conditions could trigger short-term pullbacks, especially around major resistance levels. Still, if Cardano maintains its breakout structure and rides the broader crypto market’s bullish wave, the $3 target may not be as far off as it once seemed.