Cardano (ADA) has been on a downward trajectory over the past week, falling from approximately $0.77 on March 26 to $0.6510 at the time of writing . The cryptocurrency has recorded a 4% decline in the last 24 hours, raising concerns among investors. However, analysts remain optimistic, citing a historical price pattern that suggests ADA could recover and potentially experience significant growth. Price History and Ascending Channel Pattern Market analysts have identified a recurring pattern in Cardano’s long-term price movements. A recent analysis shared on TradingView highlights an ascending channel that has been forming over the years. Within this channel, ADA has consistently moved between upper and lower boundaries, occasionally breaking out to higher price levels. One of the most notable instances of this occurred in 2021 when Cardano surged from $0.20 to $2.70 before reversing its trend. Analysts believe that if ADA continues to follow this established pattern, it could reach new highs. The next key resistance level is projected at $2.7567. If the bullish momentum continues and ADA remains within the ascending channel, a long-term price target of $50.4821 has been set. According to the analysis, this price point could be achieved by the third quarter of 2025, representing a potential increase of over 7,654% from current levels. Potential Risks and Key Support Levels Despite the optimistic outlook, Cardano is currently facing downward pressure after falling below the $0.70–$0.80 support range. Crypto analyst Ali Martinez has warned that this breakdown could lead to further declines if the price does not rebound soon. Historically, when ADA has dropped below similar support levels, it has faced significant corrections. If this trend repeats, the price could decline further, potentially reaching the $0.31–$0.24 range. For ADA to regain stability, it would need to reclaim its previous support and demonstrate sustained buying pressure. Institutional Interest in Cardano Remains Strong While price fluctuations have raised concerns, institutional investment in Cardano has remained steady . According to a recent CoinShares report , ADA saw $0.6 million in inflows into exchange-traded products (ETPs) in the last week of March, bringing total monthly inflows for the month to $63.3 million. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 So far in 2025, institutional investments in ADA have reached $70 million, reflecting continued confidence in the asset. The total value of assets under management for ADA-focused ETPs now stands at $121.2 million. While these numbers indicate sustained interest, ADA’s institutional inflows have been lower than those of some other major cryptocurrencies. For comparison, XRP recorded $4.8 million in inflows during the same period, while Solana and Ethereum saw inflows of $7.8 million and $14.5 million, respectively. Despite this, Cardano’s consistent investor interest suggests that the asset still holds long-term potential. The asset’s current price trend presents both opportunities and risks. The cryptocurrency’s historical price pattern within an ascending channel suggests that ADA could experience a significant rally, potentially reaching $50.48 by Q3 2025. However, its recent decline below key support levels raises concerns about short-term losses. For investors, the next critical factors to watch will be ADA’s ability to recover above its previous support range and the level of institutional interest in the coming months. While the long-term outlook remains positive, short-term volatility could continue to impact price movements. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Unveils Path to $50.48 for Cardano (ADA) appeared first on Times Tabloid .
