The analyst believes that the current consolidation phase could lead to a bullish breakout, with ADA potentially doubling in value over the coming months.
On TradingView, Martinez outlined a large symmetrical triangle pattern forming on Cardano’s daily chart. This setup typically signals a period of compression before a strong directional move. Based on his projections, ADA could first retest support around $0.69 before launching a rally toward the $1.30-$1.90 range.
At press time, Cardano trades around $0.80, slightly below its September highs. Despite minor losses this week, ADA’s structure remains intact, with RSI levels hovering near neutral territory – indicating that neither buyers nor sellers currently dominate the market.
Martinez emphasized that the $0.69 region could represent the “dip to buy” before ADA’s next major leg upward. His chart suggests a potential move toward $2 by early 2026 if the triangle pattern resolves to the upside. That target aligns with the 1.272 Fibonacci extension level – often used by traders to project future resistance zones following breakout confirmation.
If ADA manages to hold above key supports and reclaim $0.95, analysts believe the next significant resistance could appear near $1.25, with further gains possible as market sentiment shifts ahead of the next altcoin cycle.
Cardano’s recent sideways action reflects broader uncertainty across the crypto market. Many traders are waiting for Bitcoin to break decisively above resistance before rotating capital into major altcoins like ADA. Nonetheless, Cardano’s fundamentals continue to strengthen with ongoing development of Hydra scaling solutions and new DeFi integrations on the network.
Should the bullish scenario play out, ADA could regain momentum and revisit its psychological resistance at $1.50 before the end of 2025. A clean breakout from the symmetrical triangle would mark a shift in trend, potentially ending the long period of consolidation that has defined most of 2024 and 2025.
However, failure to hold above $0.69 could invalidate the bullish setup, opening the door to a deeper retracement toward $0.60 or lower. Traders are closely watching for confirmation signals, including volume spikes and a sustained move beyond the upper trendline.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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