Analyst Projects Cardano Could Rally to $2 if Triangle Breaks

• BorisCryptoUSA identifies symmetrical triangle pattern as Cardano breakout catalyst.
• First price objective at $1.2 would deliver 76.5% gains from current levels.
• Secondary target of $2 represents 194% surge if macroeconomic conditions hold.

Cardano maintains potential for upward movement before year-end according to technical analysis identifying a symmetrical triangle formation. Analyst BorisCryptoUSA has outlined price targets contingent on market conditions and pattern completion.

ADA has experienced volatility alongside broader cryptocurrency markets. Following two consecutive days of growth, the token corrected over 4% during recent trading sessions. Current price stands at $0.68 as the market digests macroeconomic developments.

Despite near-term weakness, analysts maintain optimistic projections for Cardano’s trajectory through 2025. BorisCryptoUSA stated expectations that ADA will reverse recent bearish momentum and pursue higher price levels before December.

Target levels depend on stable conditions

The analyst’s first price objective sits at $1.2, representing 76.5% appreciation from present values. This target assumes successful breakout from the identified triangle pattern with supportive market sentiment.

A secondary target of $2 would deliver 194% gains if momentum extends beyond initial resistance. BorisCryptoUSA emphasized that achieving these levels requires stable macroeconomic conditions without disruptive events.

Potential obstacles include black swan occurrences, escalating geopolitical tensions, and hawkish Federal Reserve policy decisions. Any of these factors could derail upward momentum and invalidate bullish pattern projections.

An October 10 event pushed Cardano and broader markets to lower levels, with recovery still underway. Current downside pressure stems partly from ongoing trade tensions between China and the United States.

China has warned about possible retaliatory measures, creating skepticism among market participants. This geopolitical uncertainty contributes to cautious trading behavior affecting risk assets including cryptocurrencies.

Whale activity provides exit signals

BorisCryptoUSA noted that improved market sentiment could trigger the triangle breakout this year. The pattern completion would need confirmation through volume and sustained price action above resistance levels.

The analyst cautioned that while breakout potential exists, investors should monitor whale wallet activity. Large holder selling often precedes distribution phases that can reverse gains quickly.

Taking partial profits when whale addresses begin distributing represents prudent risk management according to the analysis. This approach allows capturing upside while protecting against sudden reversals driven by large transactions.

Current market structure shows ADA consolidating within the triangle boundaries. A decisive move in either direction would determine whether bullish targets remain achievable or if further downside testing occurs first.