Cardano (ADA) could be getting ready for a big price rally, according to crypto analyst Ali. On X (formerly Twitter), Ali pointed out that ADA’s price chart is forming a symmetrical triangle.
This pattern has been taking shape since early April 2025 and could set up a breakout. If ADA does break out, it might surge by 27%.
The symmetrical triangle forming on Cardano’s chart is a classic sign of consolidation. This chart pattern usually shows up when buyers and sellers are in balance for a while. Then, a breakout follows, often in the direction the price was moving before the triangle.
Cardano is currently priced at $0.6424, a 4% rise in the past 24 hours. But, even with this gain, ADA is still down about 8% for the month. That means it’s been a bit of a bumpy ride for investors in recent weeks.
According to recent data from CoinCodex, the overall mood around Cardano is “Neutral” right now. The Fear & Greed Index, which tracks investor emotions, is sitting at 39 — putting it in the “Fear” category. That suggests people are still cautious, despite the possible breakout. Still, things could be looking up.
CoinCodex predicts Cardano might reach $0.7658 by May 21, 2025. This is an 18.55% increase from where it is now, and a little less than the 27% gain Ali hinted at, but still a decent move. The platform says ADA had 14 green days in the last 30, giving it a 47% rate of positive days. The platform also note that price swings have been around 7.31% recently.
Also Read: Arthur Hayes Predicts Last Chance to Buy BTC under $100K
