Cardano (ADA) is getting close to an important price level. Analysts are watching to see if it might break through. Crypto expert Ali shared insights on X that ADA’s price is forming an ascending triangle pattern. If it breaks out, it could jump by 15%. The price structure indicates increasing buying pressure, with resistance around $0.75-$0.77 acting as a barrier to further upside movement.
The tweet by Ali states, “#Cardano $ADA is about to break free! Busting out of this triangle will trigger a 15% price move.” The chart attached to the post outlines the ascending triangle, a pattern typically associated with bullish momentum. Traders are now watching to see whether ADA can push above resistance or if the price will retrace before another breakout attempt.
What you'll learn 👉
Cardano Technical Analysis: Ascending Triangle Pattern Forms
ADA’s price chart shows this triangle pattern. The resistance level at about $0.75-$0.77 has been tested several times. Buyers keep stepping in at higher low points. This might mean that resistance is weakening, making an upward move more likely.
The bottom line of the triangle, around $0.72-$0.73, is an important support level. As long as the price stays above this line, things look positive. But if it falls below, we could see the price drop toward $0.68-$0.70.
ADA Breakout Potential and Price Targets
Ali thinks that if ADA breaks out of this triangle pattern, its price could go up by 15%. This matches technical predictions based on the pattern’s height, suggesting a target of about $0.85-$0.88.
For a confirmed breakout, analysts want to see the price move above $0.77 with strong trading volume. Without enough volume, we might see a false breakout – where the price briefly rises above resistance before falling back down. If ADA’s price can’t hold its support level, we might see a sell-off.
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Cardano Market Sentiment and Key Levels to Watch
Traders are watching ADA closely right now. A move above $0.77 could bring in more buyers, pushing the price toward the target. But if it fails to hold key support levels, the price could fall.
With ADA’s price approaching resistance, what happens next depends on market activity and whether buyers can keep up the momentum. Everyone’s waiting to see if this triangle pattern will lead to the expected upward move.
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