While Cardano dipped by 7.8% in 24 hours, an analyst highlighted bullish patterns, suggesting a possible breakout to $10.

Cardano’s price has sharply declined today, dropping 7.8% in value. The cryptocurrency fell from approximately $0.81 to a low near $0.70 before recovering slightly to around $0.75. This movement reflects the intense bearish pressure and high volatility across the market. 

Over the past week, ADA has lost 30.3% of its value, highlighting sustained selling pressure. Despite this, long-term performance still shows growth, with one-month and one-year gains at 7.3% and 1.1%, respectively.

Signs of a Cardano Price Trend Reversal

As the decline continued, analyst Dan Gambardello shared an analysis on X, suggesting a possible long-term uptrend for ADA. The chart presented a curved dotted line indicating a parabolic trend, which could result in a breakout if the price follows this pattern.

Also, a moving average appeared in the accompanying chart, hinting at a possible trend reversal. Typically, when prices move above this indicator, they signal bullish momentum.

The Relative Strength Index (RSI) was also recorded between 50 and 60, reflecting increasing buying strength. A curved dotted line on the RSI chart showed an upward trend, which could push the asset toward overbought levels if the momentum holds.

The analyst suggested that Cardano’s super trend remains intact, projecting a long-term target of $10.

Cardano super trend to $10 unbroken pic.twitter.com/aZe0W5mL4V

— Dan Gambardello (@cryptorecruitr) March 10, 2025

ADA Resistance Levels and Key Patterns

Last Friday, analyst Ali Martinez observed a breakout pattern in ADA’s price action. The analysis pointed to a right-angled descending broadening wedge, a formation that often signals an impending breakout.

Martinez highlighted that ADA faced key resistance at $1.14. A successful breakout beyond this point could trigger a strong rally toward $2.

Another technical assessment from CryptoElites identified a cup and handle pattern, indicating continued bullish movement.

The analysis noted that ADA had broken from a descending trendline, signaling the end of a continued downtrend. A successful retest of the breakout level confirmed sustained bullish sentiment. Price targets included $2.50, $3, and $6, with an extended outlook of $12 in a broader bullish market.

Short-Term Targets Suggest a Breakout Opportunity

Likewise, analyst Rose Premium Signals provided insights into ADA’s market position. Their report noted that Cardano was consolidating within a descending channel on the daily chart, with the price approaching a key resistance area. This pattern suggested a potential breakout in the near term.

The analysis identified short-term targets of $1.30 and $1.50, dependent on a confirmed breakout. It emphasized that strong bullish momentum could follow if ADA successfully moves past resistance. Traders were advised to watch for confirmation signals to gauge further market direction.