ADA Breakout Imminent: Analysts Predict 41.28% Upside to $1.50

• ADA’s symmetrical triangle signals a potential breakout toward $1.50 upon $1.10 breach.
• Cardano’s active addresses peak at 50,828, boosting optimism for ADA price growth.
• Upcoming Bitcoin integration and ETF approval may drive Cardano’s long-term bullish outlook.

Cardano’s native token, ADA, has recently shown signs of potential growth, especially with network activity reaching new heights. Analyst Ali Martinez suggests that if ADA can break through the critical $1.10 resistance level, the price could surge to $1.50, marking a 41.28% increase. This price movement would align with a bullish breakout pattern seen on the charts. 

Symmetrical Triangle Breakout in Play

Ali Martinez’s chart analysis reveals that Cardano is forming a symmetrical triangle pattern. The price has been consolidating near the $1.00 mark, and the key resistance at $1.10 remains in focus. 

A decisive break above this level could set the stage for a sharp price move toward the 1.272 Fibonacci extension at $1.50. This price target represents a significant upswing from current levels. 

Source: X

Furthermore, the symmetrical triangle breakout target aligns with this bullish scenario, suggesting that ADA could experience a rapid acceleration in momentum once the resistance breaks.

Support levels are crucial for maintaining this upward momentum. The $0.93 and $0.84 levels must hold to prevent further downside. If ADA manages to hold above these levels, it will likely continue its bullish trend toward higher targets.

Network Activity Strengthening ADA’s Position

Beyond the technical analysis, Cardano’s growing network activity adds another layer of optimism. Ali Martinez notes that the number of daily active addresses on the Cardano blockchain has been on the rise, reaching a peak of 50,828 on January 20, 2025. This surge in activity indicates a steady increase in user engagement and adoption, which could further support ADA’s price. 

As the number of active addresses climbs, the correlation between network activity and price fluctuations becomes evident. The increased demand for Cardano’s network suggests that the fundamentals of the blockchain remain strong, even amidst market corrections.

Market Developments and Future Catalysts

In addition to the technical and network activity indicators, Cardano’s prospects are further buoyed by upcoming developments. Charles Hoskinson, the founder of Cardano, has confirmed that significant updates are planned for the blockchain, including the integration of Bitcoin by May 2025. 

This integration could enhance Cardano’s appeal and drive additional interest in ADA. Moreover, market participants are also anticipating the potential approval of a spot ADA exchange-traded fund (ETF) in the United States, which could provide a major boost to the token’s liquidity and exposure.

Technical Indicators and Short-Term Outlook

ADA/USD daily price chart, Source: Trading view

As of press time trading at $0.999409 ,the Relative Strength Index (RSI) sits at 48.97, signaling neutral momentum. This suggests that ADA is neither overbought nor oversold at the moment. 
Additionally, the Moving Average Convergence Divergence (MACD) indicator shows a slight bearish crossover, hinting at potential short-term consolidation or mild downward pressure.