Cardano Breaks Downtrend Analyst Predicts Major Rally

Bitcoin analyst Lucky Luciano, who has 1.9 million followers on X, believes Cardano (ADA) is gearing up for a significant rally after breaking out of a long-term downtrend. On October 5, Luciano shared an ADA/USDT daily chart, noting that the price had moved above a downward trendline that had been in place since September 2025. At the time, ADA was trading near $0.27, up about 5% for the day. Luciano’s chart suggests a potential target around 60% higher.

ADA has already shown stronger momentum, moving above $0.1387 and trading around $0.276 on October 6, with a potential path to $0.30 as the rally advances. Luciano’s chart indicates that ADA had been in a long-term downtrend since its highs in mid-2025 around $1.0165. The price found support in a demand zone at $0.1387 in June after an 86% dip. Breaking above the downward trendline marked a shift in the trend, with ADA moving above $0.26 in September and recovering over 90%.

Technical indicators confirm the improving momentum. As of October 6, Cardano’s daily chart on TradingView showed ADA trading above its 50-day and 200-day moving averages. The MACD is bullish, while the RSI is close to 70, signaling strong upward momentum. The next major test for ADA is the $0.28-$0.30 range, a key resistance area. A breakout above this zone could open the path toward $0.39, representing about a 40% increase. A weekly chart analysis identifies $0.23, $0.27 as critical support, with further targets at $0.80 and $1.30. However, a weekly close below $0.14 would invalidate the bullish setup.

Cardano is currently around $0.2733, up 1.41% in 24 hours, 9% over the past week, and 22% over the past month. Some analysts are becoming increasingly ambitious, with predictions of ADA reaching $5 and $10 highs as its price continues to improve.