Cardano (ADA) is back in the spotlight, and this time traders are eyeing a setup that could be one of its biggest yet.
A fresh chart shared by analyst Crypto Patel shows a structure that suggests ADA price may be setting up for a run that could push it all the way to $10. If that plays out, we’re talking about a massive 12x move from where it is today.
Looking at the chart, one thing stands out immediately: Cardano price has been respecting a strong multi-year ascending trendline.
Every time ADA has dropped, it has found support along this line and managed to hold its broader bullish structure. That trend remains intact even after the heavy corrections we’ve seen since 2021.
At writing, ADA price is trading around $0.87, up more than 2% in the past day. The area everyone’s watching is $1.16. If ADA can break above this level and reverse it into support, it would confirm the continuation of its long-term trend and set us up for greater heights.
What you'll learn 👉
ADA Key Levels to Watch
Crypto Patel points out that the first big milestone is $1.16. A successful breakout here could quickly shift momentum and put ADA on track toward $2.68, which is where it struggled in past cycles.
If buyers can clear that zone, the next psychological barrier would be $5, and from there, the door opens to the highly anticipated $10 level.
That target sounds bold, but it isn’t random. The forecast is consistent with Fibonacci retracement levels and the way ADA has behaved in previous bull cycles, where, after a reversal of resistance, price tends to move in strong, impulsive waves.
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Why the Setup Matters
What makes this setup exciting is the combination of strong technical support and clearly defined resistance levels above.
ADA price has built a foundation on its long-term trendline, and if momentum builds with each breakout, the chart suggests there’s room for exponential growth.
But timing is everything with Cardano. It’s known for long stretches of sideways action that test investor patience before making sudden parabolic moves.
What could make this cycle different is the steady growth of Cardano’s DeFi ecosystem and the increasing institutional interest in its blockchain technology. Those factors could provide the fuel needed for a rally of this scale.
Caradano Price Short-Term Outlook
For now, all eyes are on the $1.16 level. If ADA fails to break it, the price could slip back toward $0.60–0.65, where strong support remains.
On the other hand, in case ADA price can hold above $1.16, momentum should immediately shift strongly in favor of $2.68, the path to $5 and even $10 is more feasible.
In other words, the setup is there. The chart is clean, the structure is strong, and the potential reward is enormous. The question is whether ADA can deliver, and for traders willing to wait, this could be one of the cycle’s most legendary opportunities.
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