- Analyst targets ADA at $1.90 soon, $6-$12 longer term.
- HBAR breaks out, could hit $0.60–$0.80 by year-end.
- ONDO gains momentum after breakout; $2.12 possible in bullish scenario.
Cardano (ADA) has made a big move this week, breaking above an important resistance level ($0.70) it hadn’t crossed since March 1st. Analyst Investing Broz shared an update on the current ADA price action. He observed that the cryptocurrency had been trading within a falling wedge pattern for several weeks.
According to his analysis, the breakout above this long-standing resistance is a bullish signal for further upside. “This is an important moment for Cardano,” Investing Broz explained. “Breaking a resistance level that has held since March indicates growing strength in the market, and the next targets are now within reach.”
The last attempt to break this level happened in early March when a tweet from the U.S. President Donald Trump unexpectedly fueled interest in a few altcoins, including Cardano. That rally was short-lived, but this latest breakout appears to be supported by stronger bullish trend and improving technical indicators.
Related: AltSeason Heats Up as a Golden Cross Emerges on the Atcoin Market Cap Daily Chart
Based on the current chart structure, the analyst predicts Cardano could climb towards $1.90 in the coming months.
Beyond the $1.90 mark, the analyst also shared a broader price range for ADA during this cycle, targeting between $6 and $12. However, he said that such levels would likely depend on overall market sentiment, regulatory developments, and continued growth in Cardano’s network adoption.
HBAR And ONDO Eye Bullish Breakout
The analyst has picked two other altcoins alongside Cardano that are showing signs of a breakout: HBAR and ONDO. HBAR recently crossed an important resistance level it hadn’t broken since December 2024. The price already touched $0.21 and could soon move to $0.228. If the rally continues, the analyst predicts HBAR might hit $0.33 by August and possibly climb to $0.60 and $0.80 by the end of the year.
Related: AI-Focused Crypto Assets Gain Spotlight in Latest Grayscale Report
ONDO is also attracting attention after breaking out of a falling wedge pattern and the analyst said it could reach $1.84 in the next few weeks. If bullish momentum remains strong, ONDO could revisit its earlier high of $2.12, and in an extremely bullish market.
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