In the rapidly evolving world of cryptocurrency, Cardano (ADA) is capturing the attention of traders and investors alike as it shows signs of a significant price breakout. Recent analysis from a renowned technical analyst, Master Ananda, suggests that ADA could potentially experience a staggering 300% price increase, propelling it to $2.65 within the next few months.

Master Anandas optimistic forecast is primarily based on the identification of a Falling Wedge pattern on Cardano's monthly price chart. This distinct chart formation is generally viewed as a bullish reversal signal, indicating that a cryptocurrency may be on the verge of a rally after a prolonged period of price decline. Notably, this Falling Wedge pattern has been developing since January 2025, marked by a series of progressively lower highs and lower lows, which have created an increasingly narrow price range.

Currently, Cardano's price has breached the upper boundary of the Falling Wedge, hinting at a potential turning point in the market sentiment surrounding the cryptocurrency. This breakout could signify the conclusion of a prolonged correction phase and herald the start of a more bullish trend, reflecting renewed investor confidence.

Adding to the positivity surrounding Cardano, Master Ananda pointed out that on April 7, 2025, ADA formed a higher low in the vicinity of the critical support zone between $0.57 and $0.60. This development is seen as a confirmation that Cardano may have hit its nadir. A previous long lower wick noted in early February further supports this assertion, as it highlighted substantial buying pressure at lower price levels.

Given the current technical landscape, Master Ananda anticipates that Cardano will not only rise to $2.65 but will do so by breaking through several key Fibonacci Extension levels. As of now, Cardano is trading at approximately $0.70, and the analyst expects it to ascend through significant price milestones. The first target in this bullish trajectory is set at the 0.382 Fibonacci level, which corresponds to $0.81. Should ADA continue to gain momentum, the next targets will be the 0.5 Fibonacci at $0.91, the 0.618 Fibonacci at $1.01, and the 0.786 Fibonacci at $1.14.

If the upward momentum persists, an increase toward the higher target of $1.30 could follow, ultimately leading to a reach for the 1.618 Fibonacci extension level at $1.83. If Cardano successfully surpasses this threshold, it is expected to achieve the analysis's final target of $2.65.

Looking forward, Master Ananda emphasizes that this anticipated price surge is merely the beginning of a more extensive bullish phase for ADA. He projects that this mid-term positive trend is likely to unfold throughout the third quarter of 2025. While fluctuations in price may occur in the short term, the foundational structure of the Falling Wedge pattern suggests that Cardano is entering a sustained period of growth.

Furthermore, it is essential to note that while the projected move to $2.65 is a significant milestone, it is merely a part of a larger bullish trend that could take time to materialize. Master Ananda reassures investors that as long as Cardano maintains its price above the 0.236 Fibonacci support level at $0.69, long positions are likely to remain secure.

In summary, the outlook for Cardano appears increasingly positive, with the potential for substantial price appreciation on the horizon, driven by key technical indicators and market dynamics.