NewsBTC recently reported a staggering 30% surge in Cardano’s price over the last week. The altcoin has managed to break free from the consolidation below the $0.6 level, where it had been hovering between $0.5 and $0.6. The exciting price development is just the beginning of a predicted major rally for Cardano in the coming months.
An anonymous crypto expert from a well-known social media platform has indicated an exhilarating trajectory for ADA tokens, leading to unprecedented price highs. In a post dated July 11, Joao Wedson, founder & CEO of Alphractal, presented an optimistic forecast for Cardano’s future, suggesting a market top of $4.9 for ADA in its next surge.
Wedson’s bold claim is based on the persistent ascending channel pattern observed on Cardano’s daily price chart. This pattern is defined by two major rising trendlines, with the upper line acting as resistance and the lower line providing support. The space between these trendlines forms a channel that indicates a prolonged bullish trend.
The ADA token has been moving within this ascending channel since early 2019. After dipping to the lower trendline earlier this year, ADA found support and bounced back above $1 in Q1 2025. However, like the rest of the crypto market, ADA faced a severe downturn that forced it back to the lower trendline in late June. Since then, ADA has shown a promising recovery.
Wedson suggests that ADA’s recovery is more than just a rebound. He expects the altcoin to exceed its current all-time high of $3.09 in this phase. The on-chain analyst predicts that ADA could be trading well above $3 by late October or early November 2025.
Wedson also believes that now might be an optimal time for investors to buy ADA, as it’s currently undergoing a distribution phase in the short term. He said, “This might break some technical analysis patterns, but the on-chain analysis looks promising in several aspects — and that’s what I like.”
At the time of writing, ADA is trading at around $0.7124, up almost 6% in the last 24 hours. This positive action underscores the general bullish trend that ADA has experienced in recent days. According to CoinGecko, ADA has risen by approximately 30% in the last week.
