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Analyst Shares Timeline for Cardano to Hit $50.48 if it Follows This Ascending Channel Pattern
Analyst Shares Timeline for Cardano to Hit $50.48 if it Follows This Ascending Channel Pattern
April 2, 2025
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Analysts predict a potential rebound for Cardano price, with an ambitious two-digit target price if it follows a weekly ascending channel.
Cardano has shown a steady decline in price over the past week. After reaching a high of about $0.77 on March 26, ADA has consistently fallen, now standing at $0.6676.
This downward trend, marked by a 0.9% drop in the last 24 hours, has raised concerns among investors. Despite this, analysts remain cautiously optimistic, believing that ADA could follow an established pattern and see a rebound soon.
Cardano’s Ascending Channel Pattern
Specifically, a weekly chart shared on TradingView, which spans several years, reveals ADA’s price pattern within an ascending channel.
This channel represents an upward trend where ADA has historically bounced between boundaries, occasionally breaking out, as seen in previous years. Notably, the coin surged from $0.2 to $2.7 in August 2021 before returning to a downward trend.
Cardano Weekly Ascending Channel
The analyst’s chart suggests that Cardano’s price could rise again if it follows its established pattern. Green lines on the chart mark potential price levels for ADA, with $2.7567 identified as the first resistance level should the price break out.
However, should the pattern persist, the analyst has set an ultimate target price of $50.4821 for ADA, marking a 7,398% increase from current levels. Drawing from the price action within the ascending channel pattern, the analyst suggested that this price target could materialize by the end of Q3 2025.
Support Levels and Market Risk
Meanwhile, concerns persist over the region between $0.70 and $0.80, which previously served as support. ADA recently broke below this support. According to crypto analyst Ali Martinez, the recent pullback in Cardano’s price could lead to a major breakdown.
If ADA fails to recover and reclaim this support level soon, Martinez suggests that it could face further declines. Drawing from past patterns, he warns that the price may drop to as low as $0.31 to $0.24, which has been a common trend following breakdowns from this support area.
Cardano Sees Institutional Interest
Despite these risks, ADA has not seen a decrease in interest from institutional investors. A CoinShares report highlighted that Cardano experienced $0.6 million in inflows into exchange-traded products (ETPs) in the period ending 31 March, pushing its total monthly inflows for March to $63.3 million. As of now, the total institutional inflows for Cardano in 2025 stand at $70 million.
Crypto Investment Products Flows | CoinShares
Cardano’s institutional appeal remains strong, with total assets under management for ETPs tracking the altcoin now at $121.2 million. While the crypto’s inflows have been steady, they have been less volatile compared to some other major altcoins.
For instance, XRP saw $4.8 million in weekly inflows, while Solana and Ethereum garnered $7.8 million and $15 million, respectively.
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