Cardano Price Prediction: Is ADA Poised for a Breakout to $1.32?

Cardano (ADA) has experienced a notable correction in 2025, giving back some of the strong gains it recorded in 2024. Last year, ADA rose sharply from $0.28 to a high of $1.327, driven by improved sentiment and increased investor activity. Now, with ADA trading at $0.67 as of Wednesday, market watchers are once again turning their attention to Cardano price prediction trends amid signs of a potential comeback.

Technical Patterns Point to a Breakout

Cardano’s weekly chart shows the formation of a falling wedge pattern—a reliable bullish reversal setup. This pattern occurs when the price forms lower highs and lower lows within converging trendlines. The wedge has now reached its endpoint, and ADA has broken above the upper trendline, indicating a likely bullish breakout in the coming months.

Additionally, ADA appears to be transitioning from Wave 2 to Wave 3 of the Elliott Wave cycle. Wave 3 is often the most powerful upward phase, suggesting that strong upward momentum could be on the horizon.

Price Targets to Watch

If ADA sustains its breakout, the next target is the 2024 high of $1.32. A successful move above that level could open the door to a rally toward the $2 psychological barrier.

Also Read: Starknet Price Prediction 2025- 2030

On-Chain Metrics Signal Accumulation

Recent data from Santiment reveals increased accumulation by large holders:

• Wallets holding between 100,000 to 100 million ADA increased their holdings significantly between April 14 and Wednesday.

• This whale activity suggests confidence in ADA’s long-term value, especially during the recent price dip.

Market Sentiment Turning Positive

According to Coinglass, ADA’s long-to-short ratio has climbed to 1.06, the highest in over a month. This indicates that more traders are betting on a price increase.

Also, the OI-Weighted Funding Rate turned positive this week, now at 0.0096%. This shift shows that traders holding long positions are willing to pay a premium—another strong signal of bullish sentiment.

With bullish chart patterns, increased whale accumulation, and growing trader confidence, Cardano appears well-positioned for a potential rally. If the momentum holds, ADA could retest $1.32 and aim for higher levels in the months ahead.