Cardano’s (ADA-USD) price has finally broken free from months of sideways trading. Analyst Clifton Fx says the move confirms a bull flag breakout on the three-day chart. This pattern often signals strong upside ahead.
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The rally started from the lower end of the trendline and has now pushed ADA above key resistance levels. According to Clifton Fx, if momentum holds, Cardano could rise between 100% and 150% in the coming weeks. That would put the price in the $1.60–$1.75 range, levels last reached in early 2024.
The breakout comes with ADA up 20% in the past 24 hours, reaching $0.99, its highest point in five months. This puts the token among the top performers in the altcoin market right now.
Traders Set Sights on Key ADA Price Targets
Cardano’s rally has caught the attention of a lot of people. Trader_Jibon predicts ADA will first reclaim its November high near $1.32. After that, the target would shift toward the mid-2022 peak of $1.63.
These targets line up closely with Clifton Fx’s projections. If ADA can hold above new support, the move toward $1.60–$1.75 could play out faster than expected.
Long-Term ADA Holders Strengthen the Bullish Case
Confidence among long-term ADA holders has reached record highs. Data from TapTools shows 15 billion ADA has not moved for more than a year. This suggests reduced selling pressure, which can give rallies more room to run.
At the same time, retail interest is picking up. Google searches for “Cardano” have hit a five-month peak. Searches for “altcoin” are at their highest since 2021. Historically, similar spikes have happened during major shifts of capital from Bitcoin into altcoins, such as the ICO surge of 2018 and the DeFi-NFT boom of 2021.
The rally in ADA is part of a broader altcoin market surge. Many traders believe an “altcoin season,” when alternative cryptocurrencies outperform Bitcoin, is starting to take shape.
If that trend continues, and long-term holders keep their grip on ADA, Cardano could be in position for the type of explosive rally its chart patterns are now signaling.
At the time of writing, ADA is sitting at $0.9135.
