Cardano price action just completed its second week of recovery in September, regaining some of the gains lost in August.
Additionally, Cardano also surpassed another major network, rising to a position in the top 10. The price of ADA maintained a steady upward trend for 7 consecutive days.
This performance highlighted strong growth momentum, taking the price to a high of $0.95.
ADA price has increased by more than 7% in the weekly time frame. However, this uptrend has also retested a long-term downtrend line. A break of this line could mark the beginning of a strong ADA price rally.
The bullish expectation for Cardano, if it breaks out of the resistance, stems mainly from the fact that the price appears to be forming a long-term cup and handle pattern.
ADA has maintained a price significantly higher than its October 2024 low and may be on the verge of an explosive growth phase of the second half of the pattern.
However, this only happens if the pattern actually plays out. Traders should also consider the possibility that ADA price may not be completely in a cup and handle pattern.
Fortunately, the long-term downtrend line can be the key factor in determining whether the bullish scenario actually plays out.
Is $25 ADA Price Prediction a Reasonable Target?
ADA rise to $25 was one of the prominent trends on X on Saturday. This underscores the strong optimism of the market, especially after the coin’s recent recovery.
Is the idea that ADA price could skyrocket to $25 realistic?
Based on its current circulating supply, ADA would need a market Capital of $894.5 billion to reach a price of $25. This means it would have to surpass Ethereum's current market Capital .
The fact that Bitcoin's market Capital is now several times higher suggests that this is likely to happen to the Cardano network as well.
However, ADA 's market Capital would have to increase 26 times from its current level to reach $25, which seems highly unlikely before the end of 2025.
However, this is achievable in the long term, especially if the network achieves strong global adoption.
In terms of reasonable price prediction, ADA 's cup and handle pattern could provide hints about the price direction in the coming months.
It could take a few months for the ADA price to complete the second half of the cup and handle pattern, which means the price could surpass $3 at some point in 2026.
Cardano Temporarily Surpasses TRON to Take 11th Place
Cardano ’s recent price surge has led to a significant growth in its market Capital , helping it climb a notch earlier this week.
This surge created enough momentum for Cardano to surpass the TRON network. Its market Capital a day ago was $33.3 billion, slightly more than the TRON network.
The gap between these two coins is quite narrow, and is significantly larger than the gap between Cardano and Dogecoin, which is holding the 8th position.
Dogecoin is ahead by around $10 billion, meaning Cardano will have a tough road ahead before climbing another notch.
At the time of writing, Cardano ’s market Capital is $32.4 billion and the coin has fallen back to 11th place.
However, ADA may still have an ace up its sleeve. The approval of the Cardano ETF could pave the way for strong inflows. This would push it closer to the 8th spot.
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Minh Anh
