TLDR
- A top trader claimed that Cardano trading below $1 presents a strong buying opportunity.
- The trader shared a chart showing Cardano forming an expanding ascending triangle pattern.
- Cardano has gained 168 percent since hitting $0.25 in September 2023.
- The analyst said Cardano is now entering a pre-parabolic phase which may lead to rapid price increases.
- He predicted Cardano could reach $8 if it breaks above the triangle structure.
Cardano may be on the brink of a major price move, according to a prominent trader’s latest analysis. Wolfster shared a chart showing Cardano inside a bullish triangle, signaling a possible breakout. The trader labeled current prices below $1 as “free money,” suggesting this may be the final bottom.
Cardano Holds Support in Expanding Triangle
Wolfster’s chart shows Cardano entered the triangle at $0.25 in September 2023 and has since moved upward. The price climbed by 168% to reach $0.67 while forming higher highs and higher lows. This structure mirrors Jesse Livermore’s “Speculative Chart,” often referenced in bullish market scenarios.
$ADA Chart Update:
From the $0.25 bottom in Sept 2023, $ADA has surged 150% and after the biggest liquidation in history — 4x larger than the COVID crash — the bullrun is clearly not over.
Cardano is entering its pre-parabolic phase, with a new ATH expected by Q1 2026.… pic.twitter.com/gvfcsU0JGc
— Wolfster (@WolfsterCrypto) October 19, 2025
The October 10 leverage flush briefly dragged Cardano back to the lower triangle support. Despite this, the analyst confirmed that the bullish setup remains intact and moving forward. He emphasized Cardano is now entering its pre-parabolic phase, which may trigger explosive gains.
Wolfster stated, “ADA below $1 is free money,” underscoring strong confidence in the chart’s reliability. He projected a sharp price rally if Cardano breaks above the triangle. His chart outlines a potential path to $8 with marked stops before reaching the top.
$8 Price Target Gains Attention
Wolfster’s prediction aligns with growing bullish sentiment from other Cardano analysts in the space. DRep Chris recently predicted a rally to between $5 and $8 in this market cycle. He supported his view by highlighting the project’s strong fundamentals and technical structure.
Dan Gambardello also forecasted a price move to $8.5 for Cardano, offering strategies to capture the gains. He pointed out similarities between the current structure and historical rallies. According to him, Cardano is preparing for a significant upward leg.
To surpass its 2021 high of $3.10, Cardano must rise at least 363% from current levels. Still, analysts remain optimistic due to market conditions and technical strength. They believe the current range represents a prime setup for long-term gains.
Cardano Price Eyes Breakout and New Highs
The triangle structure remains a key technical signal for ADA‘s possible breakout. If confirmed, the move could lead to a multi-phase rally. Analysts expect the price to accelerate quickly after surpassing triangle resistance.
Wolfster believes the next major leg will begin after this breakout. He anticipates Cardano could reach a new high by Q1 2026. The chart suggests a clear path toward $8, depending on bullish continuation and volume strength.
Overall, analysts maintain that Cardano under $1 offers a strategic opportunity. They support this view with technical data and strong price action. As confidence grows, expectations for a breakout continue to build around Cardano’s next move.
