Cardano’s ADA price is approaching an important technical turning point after months of declining prices. Trading around $0.1956, the token is getting squeezed between two converging trendlines on its weekly chart, which creates the possibility of a substantial move once the consolidation ends.
Crypto analyst The Boss believes the ADA price is nearing a decisive moment, with a potential pump opening the door to higher resistance levels.
The technical setup arrives alongside two contrasting developments for Cardano: the Cardano Foundation has announced its participation in Mastercard’s Crypto Partner Program, while research from Bitquery raises questions about the network’s transaction activity and long-term staking economics.
What you'll learn 👉
ADA Price Is Getting Squeezed Between Two Major Trendlines
In his latest analysis, The Boss points to a tightening structure on Cardano’s weekly chart.
The purple descending trendline connects a series of lower highs dating back to March. It has repeatedly prevented ADA from establishing a sustained recovery.
Meanwhile, the black ascending trendline begins near the June bottom and connects a sequence of higher lows. This indicates that buyers have been entering at progressively higher prices following ADA’s recovery from the $0.15 region.
The two lines are now converging around the current price of $0.1956.
This creates a symmetrical triangle-like structure, with ADA running out of room between rising support and falling resistance.
However, the chart does not yet confirm a bullish breakout. The latest weekly candle is red, and ADA remains beneath the descending resistance line.
The analyst believes a decisive weekly breakout above that barrier is necessary to establish a more convincing bullish reversal.
Cardano Price Could Target $0.22 and $0.31 if Bulls Break Out
The Boss’s chart identifies several important upside levels.
The first major resistance sits at $0.2242, represented by a yellow horizontal line. This area previously acted as an important price barrier and would be the initial target if ADA breaks above its descending trendline.
From the current price of approximately $0.1956, reaching $0.2242 would represent a gain of roughly 15%.
Above that, the next major resistance appears at $0.3136. A move toward this level would require considerably stronger buying pressure and would represent an advance of approximately 60% from the current price.
The chart also identifies higher resistance levels at $0.3825 and $0.4488, although those remain more distant targets rather than immediate expectations.
The bearish alternative is equally important.
If ADA breaks below the ascending support line instead of moving above descending resistance, the bullish setup would weaken.
The first major horizontal support sits around $0.1503, close to the area where buyers previously established a bottom. A breakdown below that region could expose the next support at $0.1064.
For now, the weekly chart presents a potential breakout opportunity, not a confirmed rally.
Read also: ChatGPT Predicts XRP and Cardano Prices if the CLARITY Act Fails Again in 2027
Cardano Joins Mastercard’s Crypto Partner Program
Beyond the chart, Cardano has received a potentially important development on the adoption front.
The Cardano Foundation announced its membership in Mastercard’s Crypto Partner Program, joining the initiative’s Blockchains track.
The collaboration is intended to explore areas including cross-border payments, business-to-business settlement and stablecoin interoperability.
The broader objective is to connect Cardano’s public blockchain infrastructure with established financial payment systems.
For Cardano, participation could create opportunities to demonstrate how its network can support real-world financial applications.
However, membership in the program should not be confused with Mastercard integrating ADA into its payment network or committing to process transactions directly through Cardano.
The commercial impact will depend on whether the collaboration eventually produces working products, meaningful transaction volumes and sustained network adoption.
Bitquery Data Raises Questions About Cardano’s Network Activity
Not all of Cardano’s recent developments have been positive.
According to an analysis by Bitquery, transaction fees covered only 0.668% of staking rewards across 73 epochs ending September 1, 2026.
The research also reported that daily transaction counts had declined approximately 72% from their 2022 levels, while the proportion of circulating ADA participating in staking had decreased.
These figures point to an important economic challenge.
Cardano’s staking rewards currently depend heavily on the distribution of ADA from its remaining reserves rather than transaction fees generated by network activity.
That arrangement is part of Cardano’s monetary design, but reserve emissions decline over time. For transaction fees to replace a meaningful portion of those rewards, the network would need substantially greater economic activity or other changes affecting its reward structure.
The reported decline in transactions also raises questions about how quickly Cardano can translate technical development and institutional partnerships into actual usage.
Nevertheless, transaction counts alone do not capture every aspect of blockchain adoption. Transaction complexity, the value being transferred and application-level activity can also matter.
Cardano Price Outlook: Is a Big Pump Really Coming?
The technical picture is straightforward: ADA is approaching the point where two important weekly trendlines converge.
A confirmed breakout above descending resistance could bring $0.2242 into focus, with $0.3136 becoming a more ambitious target if buying pressure continues.
But the current setup is not exclusively bullish.
A breakdown beneath ascending support would undermine the recovery structure and increase the importance of the $0.1503 support level.
For more crypto news and price predictions, click here.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
