- The cryptocurrency market is showing recovery signs with Ethereum rebounding to $3,800 from $3,357, leading several altcoins including Cardano (ADA) to turn bullish.
- ADA is displaying an emerging fractal pattern that mirrors Mantle (MNT)'s recently completed bullish setup, which saw MNT rally 59% after breaking from similar technical formations.
- ADA has broken out of a falling wedge and formed an ABCD harmonic structure, rebounding from point C around $0.6848 and reclaiming the 100-day moving average at $0.7022.
- If the fractal pattern continues, ADA could potentially rally toward $1.04 (38% upside), but must hold above $0.6848 and the 100-day MA to maintain bullish momentum.
Date: Thu, Aug 07, 2025 | 06:04 PM GMT
The cryptocurrency market is showing signs of recovery after a sharp correction, with Ethereum (ETH) rebounding to around $3,800, up from its recent low of $3,357. In the wake of this broader bounce, several altcoins are starting to turn bullish — including Cardano (ADA).
ADA is trading in the green today, and more importantly, its chart is now flashing a compelling emerging fractal pattern that mirrors a recently completed bullish setup seen in Mantle (MNT) — suggesting a possible upside continuation ahead.
ADA Mirrors MNT’s Bullish Structure
A detailed comparison of the daily charts of MNT and ADA reveals a striking similarity. MNT previously broke out of a falling wedge, staged a brief pullback, and then completed a Bearish ABCD harmonic pattern. After bouncing strongly from point C, MNT reclaimed the 100-day moving average and rallied nearly 59% beyond the projected D point.
ADA now appears to be following an almost identical path.
After breaking out from its own falling wedge, ADA has formed a similar ABCD harmonic structure. It recently rebounded from point C (around $0.6848) and has since reclaimed the 100-day moving average, which currently sits near $0.7022 — a key level now acting as support.
What’s Next for ADA?
If the fractal continues to play out, ADA may be positioning itself for a potential rally toward the Potential Reversal Zone (PRZ) around $1.04 — implying a potential 38% upside from current prices.
However, for this bullish scenario to remain valid, ADA needs to hold above point C ($0.6848) and the 100-day MA. A breakdown below these levels could weaken the bullish momentum and invalidate the pattern.
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