Cardano’s ADA trades at $0.64, trapped in a descending triangle; breaking $0.80 eyes $1.70 rally per @ali_charts analysis. Long-term holders face first losses in months amid institutional pullback, but DeFi TVL surge signals underlying strength. The Voltaire upgrade and ETF buzz fuel optimism, with forecasts eyeing $0.70+ by November if support at $0.62 holds.
Navigating the Volatile Altcoin Market
In the volatile theater of altcoins, Cardano (ADA) finds itself at a make-or-break crossroads, as chart wizard @ali_charts warns in a fresh analysis that’s rippling through crypto Twitter. With ADA scraping the $0.64 mark on October 29, 2025—down 2% in the last 24 hours amid a broader market pullback—the blockchain’s native token is coiled in a descending triangle pattern that’s equal parts peril and promise. Break above $0.80, posits Ali, and the floodgates open for a parabolic surge toward $1.70, potentially recapturing half of its 2021 glory. Fail, and sub-$0.60 depths loom, testing the mettle of long-suffering HODLers.
Technical Analysis and Underlying Strength
The TradingView chart accompanying Ali’s post tells a tale of resilience under duress. Since peaking at $0.85 in early September, ADA has etched lower highs against a stubborn $0.62-0.65 support band, forming the classic bearish setup. Yet, volume spikes on dips—up 67% yesterday per CoinDesk—hint at accumulation by savvy whales, not outright capitulation. Long-term holders (LTHs), dormant for three months, are now nursing paper losses as ADA dips below the 20-day EMA at $0.657, per Yahoo Finance data. This isn’t Cardano’s first rodeo; the proof-of-stake pioneer has weathered outages and delays, but 2025’s Voltaire governance upgrade—unlocking on-chain voting and treasury management—has injected fresh narrative fuel. Total Value Locked (TVL) in Cardano’s DeFi ecosystem now tops $1.2 billion, up 40% year-over-year, underscoring real utility beyond hype.
Cardano $ADA needs to break above $0.80 to rally toward $1.70. pic.twitter.com/wF1CtQUipe
— Ali (@ali_charts) October 28, 2025
Bullish Catalysts and Price Predictions
Bullish catalysts abound if ADA claws back. Regulatory green lights, including whispers of a spot ADA ETF filing by Grayscale, could mirror Ethereum’s post-approval pump. Analysts at CoinGape eye an 80% rally to $1.20 on a $0.73 breach, while Changelly’s October forecast hovers at $0.66, with November upside to $0.70. Ali’s $1.70 target aligns with Fibonacci extensions from the $0.35 March lows, a level that would value Cardano’s $23 billion market cap at a frothy $60 billion—plausible if Bitcoin’s halving hangover fades and altseason ignites.
Lingering Shadows and Market Dynamics
But shadows linger. Institutional outflows, as flagged by Santiment, have shaved 15% off exchange reserves since mid-October, exacerbating downside pressure. Cardano’s deliberate roadmap—critics call it sluggish—lags Solana’s blistering TPS, yet its academic rigor appeals to enterprise adopters like Ethiopia’s education bloc. As Economies.com notes, cautious profits are the name of the game, with ADA pinned below key moving averages at $0.74 and $0.77.
The Road Ahead for Cardano
For traders, $0.62 is the line in the sand; a hold here sets up Ali’s breakout thesis. In a market where narratives trump fundamentals, Cardano’s quiet grind could erupt into a roar. Will ADA shatter the ceiling or crumble further? The triangle’s apex nears—eyes on $0.80.