Cardano (ADA) is facing a critical test after a strong multi-week rally, with analysts split on whether the token can extend gains or is poised for a deeper pullback.
On-chain analyst Ali Martinez suggested earlier this week that Cardano could be breaking out of a triangular consolidation pattern, “eyeing $1.10” as the next upside target. At the time, ADA was hovering just below the psychological $1 level at $0.97, its highest since March.
Cardano $ADA could be breaking out of a triangle, eyeing $1.10. pic.twitter.com/pxQ2Y2WI2H
— Ali (@ali_charts) August 17, 2025
However, as volatility returned to the broader crypto market, ADA slipped back to $0.91, prompting Martinez to issue a more cautious update on August 18. Highlighting a “buy signal on Cardano ADA hourly from TD Sequential,” the analyst argued that the token “could be ready to bounce.”
Buy signal on Cardano $ADA hourly from TD Sequential. Could be ready to bounce! pic.twitter.com/9HJRj1hCV1
We współpracy z: https://finbold.com/analyst-sets-cardanos-ada-path-to-1-10/
