Can ADA price reach $3? Cardano greenlit for 216% rally

Key takeaways:

• ADA price is up over 70% since June 22, signaling the end of the downtrend. 

• Multiple bullish chart signals suggest ADA price can climb over 200% toward $3. 

ADA (ADA), the native token of the Cardano network, posted an impressive 75% gain between June 22 and July 18, likely marking the end of a multimonth downtrend that bottomed out at $0.50 in June.

ADA price has rallied as much as 9% over the last 24 hours to hit a 20-week high of $0.89 on Friday.

ADA Bollinger Bands could ignite explosive move

ADA has the fuel to launch to all-time highs if volatility signals play out like in the past. The current state of the Bollinger Bands (BB) volatility indicator demands that the ADA/USD pair rockets higher.

During the latest rally, the ADA/USD weekly candlestick touched the upper band of the band. When this happens, it can signal an imminent rise above the indicator, indicating the beginning of upside volatility.

Related: Price predictions 7/14: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

ADA breaking the upper band has historically led to massive rallies in price as seen in 2021 (1,500%), 2022 (117%) and 2024 (300%).

The chart below also shows that the Bollinger Bands have begun squeezing, and the price touching the upper band adds weight to hopes that a similar scenario may now play out.

ADA/USD weekly chart with Bollinger Bands. Source: Cointelegraph/TradingView

Cardano price flashes multiple buy signals

Despite the impressive run over the last few weeks, ADA’s price is still nearly 4x away from its $3.10 all-time high from 2021.

However, the price has sent multiple bullish signals on different time frames, suggesting that the rally is gaining momentum 

ADA broke out of a bull flag on the weekly chart, flipping the upper boundary of the flag, the 50-day simple moving average (SMA) and the 200-day SMA into support, as shown in the chart below. 

The measured target of the bull flag is $2.70, or a 216% increase from the current price.

Additionally, a golden cross, formed when the 50-day SMA crossed above its 200-day equivalent last week, reinforces the case for a continuation of the uptrend.

ADA/USD weekly chart. Source: Cointelegraph/TradingView

The moving average convergence divergence indicator (MACD), which measures trend strength, produced a bullish cross as the ADA/USD trading pair validated a bull flag on the weekly chart. The metric began building positive bars after a “red” period, which began in early 2025.

The weekly relative strength index (RSI), meanwhile, shows that XRP has more room to run before reaching overheated levels, such as in the 2018, 2021, and December 2024 cycle tops.

ADA weekly RSI. Source: Cointelegraph/TradingView

Even with the daily RSI at 80, history shows that ADA could still rally 130% more to $1.80, according to pseudonymous analyst Deezy.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.