{"content":"ADA in Distribution Phase — Is a $3 Breakout on the Horizon? The Cardano price has broken out from consolidation below $0.6 in recent days, enjoying an exciting surge. Before its latest price increase, the cryptocurrency moved primarily sideways between $0.5 and $0.6. Interestingly, Cardano's price seems to be just starting a massive surge in the next months. The on-chain specialist predicted ADA token market high at $4.9 in the following leg up. The gap between these trendlines is usually a channel where prices travel, suggesting a long-term bullish trend. Since the price frequently bounces off the higher resistance level and lower support trendline, traders utilize this pattern to find entry and exit locations. The accompanying data shows that Cardano has been rising since the first half of 2019. After dipping below the lower trendline early this year, ADA recovered support and rose above $1 in 2025's first quarter. The cryptocurrency, like the rest of the crypto market, saw a dramatic slump that saw Cardano return to the lower trendline in late June. The token's price is rebounding well after finding support. Wedson said on X that Cardano may reach its all-time high of $3.09 in this period, not only recover. The on-chain expert predicts ADA token prices exceeding $3 by late October or early November 2025. Wedson said that investors may want to buy the ADA coin now since it is still in distribution. "This might break some technical analysis patterns, but the on-chain analysis looks promising in several areas—and that's what I like," the analyst concluded. ADA is now trading at $0.7124, up over 6% in 24 hours. This favorable single-day activity highlights the altcoin's recent bullishness. According to CoinGecko, ADA has risen 30% in seven days. #Cardano #ADA #USCryptoWeek #BTCBreaksATH #ETHBreaks3k $ADA $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/13/1dfef900f4f04cd0b89f0636fc7cea4c.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}