TLDR:
- Cardano price is retesting its long-standing ascending channel for the third time since early 2023.
- Previous two bounces from this zone led to rallies of 200% and 300%, respectively.
- Analysts see a recurring fractal pattern forming, with a projected target of $2.40.
- Fibonacci extensions and channel structure align, adding weight to the bullish setup.
Cardano could be lining up for a breakout. After bouncing twice from the same channel since early 2023, the structure looks familiar. Each previous bounce launched ADA into triple-digit percentage gains.
Now, the price is testing that same trendline again, and the setup hasn’t changed. Traders are already watching $2.40 as the next possible target.
Pattern Signals Potential for Major Cardano Price Move
Cardano has spent over a year riding within an ascending price channel, according to a chart shared by Bitcoinsensus. Since early 2023, the ADA price has respected this formation, bouncing cleanly from the lower boundary each time. The first bounce sparked a 200% rally. The second? A 300% jump.
CARDANO MASSIVE UPTREND OPPORTUNITY
$ADA has been trading within this clean ascending channel since early 2023, and every time it tapped the bottom trendline, it delivered massive upside.
First bounce: +200%
Now we’re seeing the same setup… pic.twitter.com/VlF4tLpnW4
— Bitcoinsensus (@Bitcoinsensus) July 22, 2025
Now, ADA is trading at $0.87, right above that key support once again. The chart shows that if history repeats, Cardano might be heading toward another powerful upswing. The current setup points to a projected price near $2.40, which would mark a 550% rise from here.
This isn’t just random movement, analysts say. The same structure has reappeared, with higher lows and higher highs holding strong.
Bitcoinsensus referred to the pattern as a “fractal,” noting that these recurring shapes often act like a roadmap for price. Every bounce so far has followed the same setup.
ADA’s current position mirrors the last two launch points almost exactly. And because this structure hasn’t broken, confidence in the pattern grows. The setup doesn’t rely on hype; it’s based on how price has behaved time and again inside this channel.
Fibonacci Levels Add Confluence to $2.40 ADA price Target
The projected price level of $2.40 aligns closely with major Fibonacci extension zones. These levels are often used by traders to identify where price might stall or reverse. In this case, the $2.40 mark matches key extensions that coincide with the top of the channel.
That makes the target even more compelling for those watching the chart closely. ADA would need to break above its mid-range levels and hold momentum. But if the structure plays out again, the upper limit remains within reach.
ADA has seen a 17% weekly climb, but price is still down slightly in the past 24 hours. The market isn’t running yet, there’s caution. But that’s often when structure-driven trades work best.
Many traders are watching to see if ADA confirms support at the bottom of the channel once more. If it does, the pattern remains intact. And if past moves are any signal, that $2.40 target might not be far off.
The post Cardano Price Eyes $2.40 as Historical Pattern Repeats in Clean Ascending Channel appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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