The post Cardano Price Could Repeat Previous 243% Rally if Key Support Holds appeared first on Coinpedia Fintech News
Cardano (ADA) rose nearly 6% today, trading around $0.27 after holding a key long-term support level near $0.25. The recovery comes as Bitcoin stabilizes above important market levels, while crypto analyst Ali Martinez points to Cardano’s historical breakout pattern around the $0.25 zone.
With ADA still trading 92% below its 2021 all-time high, traders are now watching whether another major recovery rally is starting.
Cardano Standing At Most Important Level: $0.25
According to Martinez’s monthly chart analysis, the $0.25 zone has repeatedly acted as a major reversal point for ADA during previous market cycles.
The ali martinez highlighted two major recovery points that started from this exact level. The first major rebound came in January 2023, when Cardano rallied nearly 88.27% after bouncing from the $0.25 support zone.
Later, in September 2023, ADA delivered another strong move from the same level, surging almost 243% after successfully defending that support area once again.
Now, Cardano is testing this floor once more while showing early signs of renewed momentum.
Martinez, if ADA continues holding above the $0.25 level, it could create the foundation for another major structural rally in the coming months.
Key ADA Price Targets at $0.53
According to the analysis, the first major upside target now sits near the $0.36 resistance level.
If broader crypto market momentum strengthens further, Martinez sees a secondary macro target near $0.53.
However, the analyst also warned that losing the $0.25 support level would invalidate the bullish structure and potentially trigger a deeper correction phase.
Despite today’s rebound, Cardano still remains heavily below its previous cycle peak.
ADA currently trades nearly 92% below its all-time high of $3.10, reached during the 2021 bull market.
Cardano Ecosystem Developments Add Momentum
Beyond technical analysis, several recent ecosystem developments are also helping improve sentiment around Cardano.
This week, the Van Rossem hard fork officially reached the preview testnet stage, marking another important step in Cardano’s network upgrade roadmap.
At the same time, the Cardano Foundation announced the launch of a new blockchain research lab in Latin America as the ecosystem continues expanding globally.
These developments are strengthening expectations that Cardano could attempt a broader recovery move above the important $0.30 resistance zone in coming weeks.
However, the network still maintains a large user base with more than 4.5 million wallets currently holding ADA.
