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Crypto analyst Investing Broz has highlighted Cardano (ADA) as one of the most promising altcoins currently gaining traction amid a transitioning macroeconomic environment and increasing Bitcoin values. In his most recent video update, the analyst pointed out ADA’s recent technical surge as a strong indicator of bullish momentum, predicting a price objective of $1.90 in the upcoming weeks if the momentum continues.
Cardano Bull Cycle Is Resuming
Investing Broz opened the segment by reiterating the broader context: Bitcoin’s incredible climb beyond the $120,000 threshold has rekindled speculation regarding the onset of altseason. “This is merely another consideration in the potential emergence of altcoin season very shortly,” he stated, referencing Bitcoin’s dominance dipping below a vital support threshold and altcoins “reacting vigorously.”
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Among the altcoins at the forefront, Cardano distinguished itself. The analyst confirmed that he acquired ADA within the last 24 hours, regarding the action as more than a mere opportunistic move. The catalyst? A confirmed breakout beyond a long-existing resistance level that ADA hadn’t breached since March 1. “This represents a significant win for Cardano traders,” he stated, explaining that a descending wedge pattern had been forming for weeks and now indicated a trend reversal.
Investing Broz’s trading group had initially established long positions at $0.54, with a modest goal of $0.80. However, as he emphasized, “Cardano is not merely surpassing the smaller resistance level—we are breaking through a resistance point that we haven’t exceeded since March.” That March breakout, he reminded viewers, was prompted by a now-notorious Donald Trump tweet mentioning altcoins considered appropriate for a proposed American crypto reserve. While that surge proved fleeting, the current breakout is, in his perspective, both fundamentally and technically solid.
To derive a pragmatic upside scenario, he utilized the traditional breakout target methodology by assessing the height of the formation and projecting it forward. “This would suggest a Cardano price forecast of $1.90,” he indicated, while also mentioning that such a target could be optimistic for a summer timeframe. Yet, “it’s entirely achievable and definitely something you all should monitor.”
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The analyst reinforced his optimistic outlook utilizing confirmation from the LuxAlgo indicator suite, which signaled a weekly buy indication—featuring a green reversal, bullish momentum, and favorable money flow. Based on this, he proposed a more immediate price range between $1.00 and $1.80. “I doubt we will halt at $1.80, but I believe it’s a target worth considering if you’re aiming for a trade,” he mentioned. Furthermore, a golden pocket Fibonacci extension points to a critical level of $2.42 by the end of the year.
Nonetheless, Investing Broz quickly clarified that these do not represent his long-term targets for ADA. “This is not my long-term bullish price forecast for this bull cycle,” he asserted. “These are simply tradable movements that I believe can occur over the next couple of weeks.” His previous forecasts suggested ADA could reach $7.
“`to $10 by the peak of the cycle—potentially extending into 2026 or even 2027.
During the segment, he emphasized the significance of recognizing when to take profits. “Each bull market experiences volatility. Cardano… will have fluctuating movements where it soars and then retracts,” he suggested. For short-term investors, targets in the range of $1.80 to $2.40 could provide ideal points to lock in profits or perhaps consider shorting if momentum diminishes.
Although ADA isn’t the sole altcoin the analyst is monitoring—Ono and HAR were also mentioned for comparable
breakout patterns—Cardano’s combination of technical robustness, historical resistance transformation, and surge in volume positions it as a standout in the present context. As the analyst wrapped up, “There’s still opportunity… this represents a significant breakout, and if you’re a trader, this is what you await.”
Cardano, at present, has signaled its potential. Whether it reaches the $1.90 target may rely not just on its own momentum, but also on the broader timing of the long-anticipated altseason. At the time of writing, ADA was priced at $0.7447.
Featured image generated using DALL.E, chart sourced from TradingView.com
