Cardano (ADA) is once again drawing attention as bullish patterns emerge on its price chart, backed by strong whale activity and anticipation of a major 2025 protocol upgrade. After enduring a 25.3% drop over the past month, ADA appears to be reversing course, with analysts pointing to a potential breakout from a falling wedge pattern — a classic bullish reversal setup.
ADA Rebounds from Key Support Zone
Market analyst Lingrid highlighted that Cardano is rebounding off the $0.5585 support, forming higher lows — a sign of waning bearish momentum. “ADA is rebounding strongly from the base of a descending channel,” Lingrid noted. “The price structure shows a shift in momentum, targeting a move toward the $0.70 region.”
This indicates a short-term bullish reversal as the falling wedge structure — characterized by declining resistance and support lines — typically precedes a breakout.
Analyst Eyes 34% Rally if Breakout Holds
Adding to the optimism, crypto analyst Femifire speculated that selling pressure is tapering off. “A decisive breakout could target $0.79, a 34% rally,” the analyst explained, “but this depends on continued buying momentum.”
The pattern has formed over nearly two months, and the recent price action suggests buyers are regaining control. However, analysts warn that if the breakout lacks follow-through, ADA could remain range-bound or retest lower support levels such as $0.50.
As of July 2, 2025, Cardano trades near $0.5617, according to CoinGecko, hovering just above the key support area — a critical pivot point for the next leg up or down.
Leios Upgrade Set to Revamp Cardano in 2025
Beyond the technical chart setup, Cardano’s fundamentals are strengthening, thanks to the highly anticipated Leios upgrade scheduled for 2025. This upgrade is expected to significantly enhance transaction throughput, scalability, and smart contract efficiency — elements crucial for widespread DeFi and enterprise adoption.
Cardano has long marketed itself as a research-driven blockchain with academic backing and peer-reviewed development. The Leios update aims to elevate Cardano’s utility, positioning it more competitively against platforms like Ethereum and Solana.
A successful Leios deployment could be a catalyst for long-term price appreciation, as it may renew investor interest in ADA as a next-generation smart contract platform.
Cardano Makes Headlines in Argentina
Further strengthening its narrative, Cardano was recently reported to be the platform behind Argentina’s first legitimate smart contract, according to local sources. This signals growing global adoption, especially in regions exploring blockchain-based financial solutions amid currency instability.
Whale activity has also picked up, suggesting institutional or large investor confidence is returning to ADA, likely in anticipation of both technical and fundamental developments.
Eyes on $0.70 and Beyond
With ADA recovering from recent lows, breaking out of a falling wedge, and the Leios mainnet upgrade on the horizon, momentum appears to be shifting in favor of the bulls.
If buying pressure sustains, a push toward $0.70–$0.79 could unfold in the near term. However, failure to hold current levels may lead to renewed consolidation or downside pressure.
Traders should monitor volume, support levels, and news surrounding Leios deployment for confirmation of trend direction.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.