- Cardano forms broadening wedge pattern, hinting at potential 550% upside rally
- Triple bottom and falling wedge setups reinforce bullish reversal signals for ADA
- RSI near oversold and MACD weakening suggest ADA may be nearing a rebound point
Cardano (ADA) may be setting the stage for a significant upward move, despite its recent pullback. The cryptocurrency has seen a 12.04% decline over the past week, trading at $0.5995 at the time of writing.
However, market analysts believe this pullback might be part of a larger bullish setup. With multiple technical indicators flashing potential reversal signs, ADA could be on the verge of a strong rally that mirrors previous patterns.
Broadening Wedge Structure Could Signal Explosive Growth
According to analysts at Bitcoinsensus, Cardano continues to trade within an ascending broadening wedge pattern that has defined its trajectory this bull cycle. This structure has historically led to sharp price rallies following support retests.
#Cardano ready for a massive move up📈$ADA has been moving inside this ascending broadening wedge channel throughout this bull market.
— Bitcoinsensus (@Bitcoinsensus) June 19, 2025
It is now in the process of coming back down to retest the lower end of the channel before moving higher.
Next Price Target : 2.40$ pic.twitter.com/GopBc9iWts
Each time ADA bounced off the lower trendline around the $0.38 zone the price surged 200% to 300%. Currently, ADA is inching back toward that support region, which could once again act as a springboard. If this pattern holds, the next significant resistance lies at $2.3880, implying a possible 550% upside.
Falling Wedge and Triple Bottom Add to the Bullish Outlook
In addition to the broadening wedge, Rose Premium Signals highlights a separate bullish setup. ADA is forming a potential triple bottom near a key support area that has already held twice.
🚨 Technical Setup – $ADA/USDT#Cardano is approaching a key support zone that has held twice before, forming a potential triple bottom structure — a bullish reversal pattern.
— Rose Premium Signals 🌹 (@VipRoseTr) June 17, 2025
📉 Price is also moving within a large falling wedge, which often precedes breakouts.
If ADA holds… pic.twitter.com/I2UevtfZyp
Simultaneously, the token is trading inside a falling wedge a pattern known for preceding bullish breakouts. Should ADA close the week with a strong bullish candle, it may ignite momentum toward targets of $1.00, $1.21, and even $1.43.
Momentum Indicators Suggest Rebound May Be Close
Technically, ADA shows mixed short-term signals. The MACD currently suggests weak bearish momentum, with the MACD line sitting below the signal line.
However, the RSI stands at 32.98, nearing oversold territory. Historically, ADA has rebounded strongly from similar levels, indicating that a bottom could be near.
