Technical analysis by DBStudio_X about Symbol ADA: Buy recommendation (9/9/2025)

Cardano has significant potential, but from a technical perspective we still need to see a decisive confirmation candle above the black trend line before a sustained breakout can be confirmed. If we break this trend line with strong momentum, the next mid-term targets are $1.20 and $1.60. On the fundamental side, there is a strong pipeline of catalysts: BTC DeFi on Cardano enabled by its shared UTXO structure, the upcoming Leios upgrade for scalability, Hydra L2 for faster transactions, and the launch of the first Cardano partner chain Midnight, which focuses on privacy and selective disclosure to meet enterprise demand. Looking further ahead, the possible targets for 2026 are in the $3 to $8 range, which align with the mid-line of the second ascending channel. Considering both the technical setup and the fundamentals, I see substantial upside potential for Cardano in late 2025 and into 2026, with the possibility of outperforming BTC, ETH, and SOL as adoption and utility expand.