Altcoins are coiled and ready to spring. A critical support line has been holding up on the Altcoin Dominance chart. This line is not just a line; this has been a historic launchpad. Past dips into this zone have led to incredible explosive rallies for the altcoin. Are we going to have another altseason? Just a few weeks in either direction could tilt the entire crypto narrative.
Bitcoin seems to be holding its breath, while Cardano is already inhaling its opportunity. Talk about an altcoin run this summer is getting louder, and ADA’s chart is screaming breakout. Keep this one in your sights; it just might be that spark to ignite the altcoin season.
Cardano’s Chart Shows Two Key Bullish Breakout Patterns
Cardano’s weekly charts paint a dramatic landscape: a slide into a downward channel since the December 2024 peak. Think of it as a tightening spring with ever-decreasing resistance and support. A rogue tweet about Cardano by Donald Trump in April unwound that spring for a brief moment, but the channel stayed firm. A voice from the past says that these bearish formations, when broken, do so suddenly and with a surge of volatility and perhaps upward price movement. Shall we see Cardano movement from within?
Source: InvestingBroz
“The possibilities of ADA continued to rally, possibly climbing to former glory of early 2025. Focus is mainly on the range of $1.10–1.13, with a specific price point towards igniting bullish excitement.”
Related: Altcoin Traders Hold Steady as Exchange Inflows Dip Below 30K in June 2025
Meanwhile, Cardano’s chart is giving another warning: a falling wedge. This bullish formation may be the launching pad that ADA has been waiting for to surge to $0.77, in fact possibly even testing $0.78, perhaps in the next few weeks. A breakout could be in the horizon!
Source: InvestingBroz
“Hold tight! While ADA might wiggle back to the $0.63–$0.65 range, don’t panic. Just think of it as a quick dip that might be followed by a major surge. The big waves are short-term, whereas long-term ADA shines bright.”
Could Cardano Go Parabolic?
Now hold on a second. What if the crypto stars align? Imagine a raging altcoin season, driven in part by an institutional-investor stampede. In that exciting scenario, ADA wouldn’t even have time to say goodbye to $1.70 before being blasted past $2.20 and even flirting with $2.40. The reason being is that this is the “golden pocket,” a Fibonacci extension level where any trader riding a powerful, irresistible uptrend feels drawn toward. This is no mere hopium; it’s calculated optimism based on the core dynamics of the markets.
Source: InvestingBroz
Related: A Look at How Two Top Blockchains, Cardano and Polkadot, Plan to Build on Top of Bitcoin
“May seen stuck with a climb, yet keep a watch for turbulent weather. There comes first resistance somewhere at $1.70; and if altcoins get the wind ahead of the Bitcoin, then expect a full-steam-ahead run to the $2.20-$2.40 plane.”
Set course through Issued land? Clever scheme. But before dive, keep in mind: Coin Edition deals with knowledge or insights, not with instructions. We’re your compass, not your captain. Financial decisions are all yours. Think critically, do research, and do not forget that every investment is subject to risk. We cannot accept responsibility if tides opposing you financially come up. So, explore, learn, and take your steps very cautiously.
Thanks for reading Altcoin Season Awakes: Can Cardano Lead the Charge and Hit $240?
