2025-7-12 22:30 |
Cardano is starting to look strong again. After spending a long time stuck in a tight range, ADA has finally broken above a key trendline. That move could be the start of something much bigger. According to a video analysis from More Crypto Online, the current momentum might lead to a major push toward the $2 zone.
The video, presented by crypto analyst Ben from the channel, focuses on a detailed Elliott Wave outlook. Ben has been tracking ADA for months and believes this recent move could be the beginning of wave 5, with a possible target between $1.70 and $2.40. While he stops short of saying it is confirmed, he makes it clear that things are finally starting to look more bullish.
ADA Price Chart The $0.87 Barrier Could Change EverythingFor the bullish scenario to fully take shape, Ben says Cardano needs to break above one critical level: the $0.86 to $0.87 zone. This price area acts as a dividing line. If ADA can move past that, it would invalidate the current bearish triangle structure that has been holding the price back.
He explains that this triangle is labeled as part of an ABCDE structure, and the $0.87 area is the top of the D wave. According to Elliott Wave guidelines, breaking past the D wave level is the first sign of a true bullish breakout. Full confirmation, however, only comes when ADA breaks above the B wave high at around $1.18.
If the price moves above those two levels, the bearish case fades and Cardano could enter a strong rally phase.
This Time the ADA Move Looks RealBen points out that what we are seeing right now is not random. It fits into a bigger Elliott Wave roadmap that he has been sharing for months. When a triangle pattern completes, the breakout move that follows is usually sharp and powerful. That seems to be what is happening now.
The current wave is showing strong upward momentum. He even calls it a potential third wave rally, which in Elliott Wave theory is often the strongest move in a full price cycle. ADA just needs to stay above the 50 percent retracement level of this wave, which currently sits at around $0.647, to keep the bullish setup intact.
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Ben warns that the structure is still fragile. There could still be pullbacks or sideways moves. He advises viewers to focus on larger time frames instead of getting caught up in short-term swings.
What Levels Are Next for ADA PriceOnce Cardano clears the $0.87 resistance, the next big test is the swing high around $1.18. If that level breaks, it opens the door for much higher targets including $1.70 and possibly beyond $2. This path fits well with the projected wave 5 setup that Ben has outlined on his chart.
He reminds viewers that even if ADA does not break out immediately, the fact that it is showing strength is already a good sign. As long as the price does not fall below $0.51, the bullish outlook remains valid. That $0.51 level is the last key support for the bulls.
Analyst Encourages Caution and FocusBen from More Crypto Online ends the video by reminding viewers how important this current ADA setup could be. He believes Cardano is heading into a key phase of its cycle and might finally break out after months of sideways movement.
He also mentions his Elliott Wave training course, which is available through the channel’s membership. But the main message remains clear. This latest move in ADA is technical, not just hype.
Right now, the $0.87 zone is where the focus lies. If ADA clears it, then $1.18 and $1.70 could come into view faster than most people expect.
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This analysis suggests that Cardano is at a critical moment. With strong momentum and a clear Elliott Wave structure, ADA may be preparing for a big rally. If it moves past the $0.87 and $1.18 barriers, the road to $2 could open.
But as Ben always reminds his viewers, confirmation is everything. Until those resistance levels are broken, ADA bulls will need to stay patient. For now though, the setup is in place and the market is watching.
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The post Is Cardano Price Ready to Spike Above $2? Here’s What the Chart Shows appeared first on CaptainAltcoin.
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