- ADA breaks wedge, targets $2.91 rally zone
- Cardano volume jumps 46% in 24 hours
- $0.70 support holds as ADA eyes 261% surge
Cardano (ADA) is pushing majorly towards another breakout, and the last resulted in a nearly +300% gain. Current price movement and technical patterns suggest a similar setup is forming again. With price targets between $2.70 and $2.91 over 261% away a positive breakout could lead to another strong rally.
ADA Holds Key Levels as Volume Builds and Price Recovers
Cardano is showing signs of renewed strength, trading around $0.73 after a clean move above key resistance levels. The token recently broke out of a 140-day downtrend, pushing investor interest back into focus.
According to TapTools, trading volume surged by 46%, reaching over $1 billion in 24 hours, signaling growing engagement. Recent data shows that ADA has maintained momentum despite a brief drop in volume.
The price continues to trend upward, holding above the $0.70–$0.73 zone, which has acted as a key support area. Analysts note this zone previously served as resistance and now plays a central role in ADA’s current structure.
Bullish Breakout from Wedge Pattern Signals Further Upside
Technical analysis on the daily chart reveals ADA has broken out of a descending wedge pattern. This move is commonly viewed as a reversal signal. According to Hackapreneur on X, ADA is now showing strength and holding above long-term support zones. He mentioned, “ADA Cardano has officially broken out… showing signs of strength and upward momentum.”
Leader Alpha also observed that ADA is testing the upper line of a multi-year triangle formation. If the asset closes a full week above $0.70, this may confirm a broader breakout. According to analysis prepared by Hackapreneur, immediate upside targets remain $1.2797 and $1.4853 representing 75% and 104% gains from current levels.
If Cardano sustains current momentum, it could target the $2.70–$2.91 zone next. This range is over 261% higher than today’s price and would mirror a past move that led to a nearly 300% gain. ADA is now watched closely as its setup continues to align for a possible breakout.
