Despite its bullish performance, Cardano may face a near-term correction. Trading expert Ali Martinez has identified a rising wedge pattern in ADA’s price charts, a bearish indicator suggesting a reversal. According to Martinez, if ADA closes below $1.10 and further breaks $1.03, a decline to $0.88—representing a 20% drop—could follow.
Additionally, the TD Sequential, a tool for spotting price reversals, has flashed a sell signal on ADA’s 3-day chart. While this hints at short-term turbulence, Martinez’s long-term outlook for Cardano remains optimistic.
Looking beyond the potential correction, Martinez predicts ADA could reach a new all-time high of $6 between July and September 2025, marking a 445% rally. Whale activity in the Cardano ecosystem further supports this bullish sentiment, indicating confidence among major investors.
If the anticipated correction occurs, it could present an attractive entry point for long-term holders. As altcoin season continues, ADA’s performance exemplifies both the opportunities and challenges in navigating this dynamic market.