- ADA Triangle Signals 27% Move Toward $0.82 Target
- Whales Dump 180M ADA Amid Consolidation Phase
- MACD Turns Bullish as RSI Holds Above 60 Zone
Cardano (ADA) continues to consolidate within a symmetrical triangle pattern on the daily chart, as noted by crypto analyst Ali Martinez in an update posted on April 18, 2025. The setup suggests that the altcoin could see a 27% price move if a breakout occurs. At press time, ADA is trading at $0.644, having risen 3% in the last 24 hours.
Triangle Formation Signals Market Indecision
According to analysis by Martinez, Cardano has remained inside a narrowing triangle structure since mid-March, with recent price action moving between $0.615 and $0.657. A triangle shape indicates market equilibrium between buyers and sellers before a potential extreme price surge in any direction occurs.
The $0.657 level aligns with the 200 EMA on the 4-hour chart, serving as near-term resistance. ADA has formed a series of higher lows since April 13, which supports the consolidation phase and prepares the market for a potential move.
A daily close above this zone may open the way to test $0.676 and $0.721, which represent Fibonacci retracement levels from the $1.326 high to the $0.275 low.
Indicators and Whale Activity Show Mixed Signals
Technical indicators support the ongoing consolidation. The RSI on the 4-hour chart is at 63.76, indicating strong but stable momentum. The MACD recently formed a bullish crossover, while expanding Bollinger Bands point to rising volatility.
However, on-chain data reveals some caution. According to an update by analyst Ali Martinez, large holders offloaded 180 million ADA over five days, indicating a reduction in whale balances.
While trading volume has increased to 1.2 billion ADA, such sell-offs often influence short-term price stability. Despite the mixed data, the symmetrical triangle remains the dominant pattern. A confirmed breakout could lead ADA toward $0.82, assuming the expected 27% move plays out.
