- ADA triangle pattern signals 30% price breakout
- ADX rise hints at growing trend strength ahead
- Whale activity stalls despite April accumulation
Cardano (ADA) is trading around $0.625 while forming a symmetrical triangle pattern on the chart. The asset has been holding between a short-term resistance near $0.64 and support at $0.59. With lower highs and higher lows forming, technical signals suggest a breakout may be approaching as market activity tightens.
Triangle Structure Hints at Imminent Price Swing
ADA’s current symmetrical triangle has shown consistent compression in price over the past sessions. The pattern typically signals a continuation or reversal phase, depending on the breakout direction.
A move above the upper boundary near $0.64 could lead to a price rally toward $0.70 or even $0.77. However, if the price breaks below the $0.59 support, it could fall toward $0.51. Crypto chartist Ali Martinez observed this setup on X, suggesting that the structure could trigger a 30% move in either direction.
This formation is often watched closely by traders due to its tendency to precede sharp price actions. However, a confirmed breakout would require strong volume, which is currently subdued.
Indicators Show Gradual Momentum Rebuild
Cardano’s short-term exponential moving averages have started to slope upward. This reflects growing but cautious buying interest from the market. At the same time, the Average Directional Index (ADX) has recovered from a low of 12 to 16.66.
This measure, which assesses trend strength, remains below the 20 threshold, suggesting that any trend forming is still weak. Stronger directional momentum would become evident only if the ADX measure crosses the 25 threshold in future trading sessions.
Meanwhile, ADA’s whale wallet count rose slightly in mid-April but quickly stabilized, indicating limited conviction. For now, the symmetrical triangle remains in play, and traders are watching for a decisive move beyond either boundary to set the next trend.
