ADA could target $0.36 if it holds $0.25 support, says analyst

An analysis from crypto analyst Ali Martinez suggests that if Cardano (ADA) maintains its support at the $0.25 level, its next price target could be $0.36. Martinez noted that on the monthly chart, ADA has historically experienced sharp rallies after confirming support at $0.25. He highlighted that a rebound from this level in January 2023 led to an 88.27% increase, while another in September 2023 resulted in a 243% price surge to its peak. Martinez explained that holding the $0.25 support line could pave the way for a structural rally. Therefore, as long as this price level is defended, the next target could be $0.36, with a potential further rise to $0.53. Conversely, he warned that a break below the $0.25 support could lead to a larger correction.