- Cardano (ADA) is drawing a symmetric triangle at its support of 0.63, which predetermines the possible multi-leg schedule to $1.70.
- The break of the $0.85 with good volume may lead to positive movement, and the projections will be at 1.20, 1.40, and 1.70.
- The Bloomberg analysts project that there is a 75% chance of a Cardano ETF in 2026, and protocol upgrades will increase institutional adoption.
Cardano $ADA needs to hold its $0.63 support for its chance at a bullish trend to continue. Current trading levels are around $0.65, and traders anxiously await the trendline’s defining position. The next few weeks will determine what direction to go.
Symmetrical Triangle Forms Critical Price Zone
Cardano’s 12-hour chart reveals a large symmetrical triangle forming after months of compression. Lower highs and higher lows are shaping the consolidation pattern. This structure suggests the market is awaiting a decisive move in either direction.
The $0.63–$0.65 zone serves as a critical support for $ADA. Traders have tested this area multiple times since early 2025. Holding above this level would be an indication of ongoing accumulation and a potential start of renewed upward momentum.
If $ADA bounces off this trendline, the token can reach $0.85.. This level represents the upper boundary of the triangle and has historically resisted price advances. A breakthrough above this point would set the stage for broader upward movement.
Potential Multi-Leg Rally to Higher Levels
If $ADA surpasses $0.85–$0.90 with adequate volume, the cryptocurrency may follow a multi-leg rally. The chart suggests possible targets at $1.20, $1.40, and $1.70. These levels correspond with the triangle’s projected height and offer a roadmap for bullish continuation.
Current technical analysis indicates over 150% potential upside from current prices if the breakout occurs. Traders often look for confirmation through strong volume to validate this trajectory. $ADA’s behavior near the support line will remain critical.
A breach below $0.63 could shift momentum downward. Should this occur, $ADA may test the next historical support around $0.55. Market participants are closely monitoring price action for signs of either rebound or retracement.
Institutional Interest and ETF Outlook
Bloomberg analysts recently indicated a 75% probability of a Cardano ETF by 2026. Harsh Singh of @nftsanatan tweeted that approval chances have improved by 90%. These developments suggest growing institutional focus on $ADA.
Ongoing protocol upgrades are funded by the Cardano community. These upgrades aim to enhance scalability and adoption for institutional users. The combination of ETF prospects and technological improvements strengthens the narrative of long-term positioning.
Analysts suggest that institutional adoption may accelerate with these developments. Cardano’s market structure, coupled with ETF anticipation, could influence future price dynamics. Market observers are watching for consolidation to evolve into a decisive trend.
