- Cardano has broken its weekly descending trendline, posting a 22% gain over the past week.
- The nearest resistance is at 1.01, and short-term goals are at 1.13, 1.31, and 1.54.
- A drop below $0.80 will nullify the breakout, and the level of $0.866 is important support.
Cardano (ADA) has moved above its descending weekly trendline after gaining 22.31% this week, showing a notable shift in price structure. The breakout has placed ADA at $0.98049, with the current 24-hour increase standing at 10.1%.
This follows sustained buying pressure that pushed the token from the $0.866 support zone to the $1.01 resistance zone. Further upside targets, should buyers remain in control, are at $1.13, $1.31, and $1.54. A drop below $0.80 could, however, indicate a failed breakout and a potential retest of the $0.55–$0.60 support area.
ADA Breakout Signals Shift Toward Higher Targets
The weekly chart highlights a decisive move above the descending trendline that had capped ADA’s price for months. Price action began the week near $0.76596 before breaking higher. The rising wave swept ADA to its present zone between the $0.866 support and the $1.01 resistance.
The breakout has been accompanied by a higher volume and momentum, which may affect the direction of trading in the upcoming sessions. From a technical perspective, ADA’s first price objective stands at $1.13 (TP1), marking the closest target above current levels. The second target is at $1.31 (TP2), followed by $1.54 (TP3), representing the highest outlined goal in this current setup.
These targets align with historical resistance points visible on the longer-term chart. Maintaining price above $0.80 remains critical to preserving the breakout’s structure and preventing deeper pullbacks.
ADA Holds Firm as Market Eyes Key Resistance Break
On the downside, support at $0.866 serves as the nearest base for the current move. A break below $0.80 would act as an invalidation level, potentially shifting attention back to the $0.55–$0.60 range.
Against Bitcoin, ADA is trading at 0.057999 BTC, up 9.9% in the measured period. The pair’s recent strength against both BTC and USD has been a key element in sustaining momentum. Market participants are now closely watching the $1.01 resistance for a potential test before the next upside target is approached.
