The cryptocurrency market, including Bitcoin and most altcoins, experienced a strong rebound in the first week of 2025. However, the Cardano price reversal has garnered attention from crypto analysts due to its recent breakout from a reversal pattern. The breakout suggests a potential $3 rally for Cardano. The ADA price is currently trading at $1.11 with a 2% intraday gain. The market cap of Cardano stands at $39.7 billion, with a trading volume of $1.37 billion. A renowned crypto analyst predicts a bullish outlook for Cardano based on the chart setup, which includes a steep ascending pole and a temporary pullback. The Fibonacci extension indicates a potential $3 high for the coin. The weekly chart analysis also supports a bullish thesis, as it reveals the formation of a classic reversal pattern called a cup and handle. If this pattern holds, the coin price could experience a major breakout rally and reach price levels of $2.24, $3.25, and $4.26. The alignment of weekly EMAs (20, 50, 100, and 200) further emphasizes the broader bullish sentiment for Cardano.



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