Highlights
Cardano price surged for the fourth consecutive day, gaining nearly 7% in the last 24 hours. The broader cryptocurrency market rebounded, driven by Bitcoin’s return to the $100,000 range. Technical patterns like a cup-and-handle on the three-day chart and an inverse head-and-shoulders on the 4-hour chart hint at further upward momentum.
Cardano (ADA), also known as an “Ethereum Killer,” has had better performance than Ethereum (ETH) in the past 17 days of 2025. While ADA has gained 31%, ETH’s YTD gains still linger around just above 1%. With such a massive contrast between the two crypto tokens, investors will likely abandon Ethereum for Cardano.
As noted above, the technical analysis notes that Cardano is forming two extremely bullish patterns that point to breakout rallies, extending from 30% to 80%. Hence, it wouldn’t be a surprise if investors prefer ADA over ETH in the ongoing bull run.
To make matters worse, Ethereum has a spot ETF approved, while Cardano has none. Despite the added advantage ETH price performance is lackluster.
While the YTD gains are contrasting, let’s look at why Cardano price analysis and why ADA could yield a better return on investment than Ethereum.
The daily chart shows Cardano price is forming a cup-and-handle pattern, signaling breakout rally to the upside. This technical formation contains a rounded bottom identified as the “cup” and followed by a minor pullback termed “handle.”
The target for this pattern is obtained by measuring the depth of the cup and adding it to the neckline of $1.21. This theoretical forecasting method reveals a target of $2.20.
The ADA/USDT 4-hour chart shows an inverse head and shoulders pattern, with the neckline at $1.15 acting as critical resistance. A breakout and close above this level could spark a strong upward move, driving Cardano’s price toward $1.48, which aligns with the pattern’s projected target based on its measured move.
On the three-day chart, Cardano (ADA) is showing a bullish pennant pattern, signaling a potential breakout. With a measured target of $1.58, based on the 42% height, ADA could rally further if it breaks key resistance. Positive RSI and MACD trends also support this upward momentum.
In conclusion, Cardano price exhibits bullish patterns, targeting $1.50–$2.20, signaling potential rallies. As per Cardano price prediction, ADA could hit $2.50 by 2025, driven by strong investor confidence, outperforming Ethereum (ETH) in the ongoing bull run with robust technical indicators.
Solana price continues to attract renewed market interest as analysts and institutions align on a…
Bitcoin price continues to trade within a defined consolidation range as the broader crypto market…
Solana price pulled back today, Oct. 8, mirroring the performance of the broader crypto market,…
The XRP price continues to draw attention as market analyst, Ali Charts, warns of a…
The BNB Coin price continues to extend its upward trajectory, reflecting consistent market strength and…
The ASTER price has slipped by 2.37% over the past 24 hours, while the HYPE…