Cardano Price Forecast: ADA Set to Exit Descending Channel Formation – Is $100 ADA on the Horizon?

The price of Cardano has surged by 15% in the last 24 hours, setting the stage for additional gains as Bitcoin approaches its all-time high of $118,000. The market is increasingly turning its attention to altcoins like ADA, which exhibit robust fundamentals and encouraging technical signals.

At present, ADA is trading at $0.7185, reflecting a 24% rise over the past week and reinforcing its status as the 10th largest cryptocurrency by market capitalization, valued at $25.4 billion.

This recent surge was accompanied by more than $1.7 billion in ADA trading volume, indicating a significant 50.12% increase in a single trading session.

Cardano Technical Analysis: Why Analysts Anticipate “Made in America” ADA Could Reach $100

With ADA successfully surpassing the upper resistance trendline of a falling wedge pattern, analysts are forecasting a return to the $1 psychological level in the near term, along with a potential new all-time high exceeding $3 in the medium term.

Moreover, Cardano’s designation as a “Made in America” cryptocurrency, which was included in President Trump’s strategic reserve list mentioned in March, has prompted many analysts to set an ambitious target of $100 for ADA.

LONG: $ADA/USDT (1W)
Cardano is experiencing a #bullish trend, surpassing MA200. pic.twitter.com/LWqWLIP0sj

— CryptostarExpert (@CryptostarExper) July 11, 2025

This ambitious target could be realized over the next few market cycles if Cardano successfully obtains multiple ETF listings and forges strategic partnerships across the education, government, and business sectors.

From a technical perspective, the ADA/USDT 2-week chart shows a strong bullish rebound from the critical support area between the 0.618 and 0.786 Fibonacci retracement levels, which previously served as a demand zone.

Source: TradingView

After a consolidation phase and rejection wicks below $0.60, the price of Cardano has now risen to $0.7176, achieving over a 22% gain in the latest candle formation. This particularly signals renewed buying interest among investors.

The anticipated trajectory indicates a possible pullback before continuation, aiming for a recovery wave toward key resistance levels at $0.9989, $1.2164, and ultimately $1.3795.

The Fibonacci structure supports this bullish outlook, as price action reclaims levels above the golden ratio (0.618), enhancing the likelihood of continuation if momentum remains strong.

If bulls can successfully defend the $0.65–$0.70 range during any minor retracement, ADA could enter a medium-term uptrend targeting the $1.00 psychological zone and higher levels.

With broader adoption expected to accelerate in the coming years, a long-term move toward $100 ADA is increasingly plausible.

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Source: Bitcoin Hyper

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