Technical analysis by aminazarpey about Symbol ADA on 11/2/2025

Cardano (ADA/USDT) is currently trading within a large ascending channel, showing a steady recovery structure since the 2022 bottom. The price recently retraced toward the lower boundary of this channel, aligning with a strong support zone around $0.55–$0.60. As long as ADA holds above this level, the overall structure remains technically bullish. A breakout from the triangle resistance could open the way for a potential rally toward $1.00–$1.20 in the medium term. In the broader view, a confirmed breakout from the channel’s upper range could push ADA toward higher macro targets around $2.80–$3.00, which corresponds to major Fibonacci and structural confluences. If Bitcoin and Ethereum continue their uptrend, ADA could be one of the strong catch-up plays in the next altcoin cycle, given how much it has lagged behind the majors.