Prominent analyst World Of Charts shared a post shared on X (formerly Twitter) that suggested that Cardano may be gearing up for a breakout.
The analyst pointed to a familiar pattern developing on the ADA 2-day chart, one that mirrors earlier setups that led to major price rallies.
World Of Charts noted that if the current pattern follows historical behavior, ADA price could climb toward the $1.50 range over the coming weeks.
The chart highlights a recurring structure: three large falling wedge formations, each followed by a breakout. ADA is currently trading near the upper resistance line of the wedge.
The most recent two resulted in rallies of over 150%, and the current wedge now compressing for several months appears to be approaching a decision point.
What you'll learn 👉
How Past Patterns May Influence Cardano Next Move
The first breakout, back in 2023, saw ADA rise after months of steady decline. A similar breakout occurred in late 2024, where Cardano price moved vertically following months of consolidation.
The current wedge displays the same descending resistance and gradually rising support. The measured move for this pattern means that, if ADA price breaks out with strength, a rally of over 160% could follow.
Candlestick activity shows higher lows with no sharp rejection at resistance yet, which may signal weakening selling pressure. The use of the 2-day timeframe in the chart helps smooth out noise and puts emphasis on long-term trend development.
Where ADA Price Support and Resistance Levels Stand
Key support remains between $0.63 and $0.65, which acted as the base of the most recent bounce. If the breakout fails, traders may look to $0.50 or even $0.37 as the next areas of interest.
Meanwhile, a confirmed close above the wedge resistance could open a path toward higher price levels.
Volume remains a deciding factor. Without it, the breakout could fizzle. But if buying pressure returns, ADA price could follow a similar trajectory to its previous cycles.
Read Also: This Analyst Says Lido DAO (LDO) Price Could See a Smooth Rise If This Happens
What This Means for ADA Holders
The chart and commentary from World Of Charts don’t guarantee cardano price action, but they do offer a clear technical roadmap. The repeating wedge formations and historical breakouts create a framework that traders are watching closely.
If ADA price continues to respect the pattern, then the next breakout could bring a substantial move. Until then, all eyes remain on resistance and whether volume steps in to confirm a breakout is underway.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
