- Cardano must hold the $0.63 support to confirm momentum toward a breakout near $1.70.
- ADA’s symmetrical triangle shows tightening price action, signaling a possible major move ahead.
- A break above $0.736 could validate bullish reversal targets at $0.85, $1.10, and $1.30.
Cardano (ADA) is trading near $0.65 as price consolidation continues within a tightening structure. The fact that the cryptocurrency is in a position to hold at the $0.63 support zone is also critical in case it can rebound to $0.85 and a bigger breakout formation that can fuel the gains to $1.70 in the next few months.
Cardano Consolidates Within a Symmetrical Triangle
According to analysis prepared by Ali Charts, ADA has been moving within a symmetrical triangle pattern since early 2025, reflecting a gradual compression in volatility. The price is now testing the lower boundary at approximately $0.65 which has always been used as a support in the previous sessions.
Market data from CoinMarketCap shows ADA gained 0.65% over the past 24 hours, fluctuating between $0.6450 and $0.6580. The cryptocurrency’s market capitalization stood at $23.57 billion, while trading volume reached $448 million, marking a 38% decline from the previous session.
The lower boundary near $0.63 has served as a structural base through multiple retests, reflecting sustained accumulation near this level. Maintaining this support is viewed as essential for ADA to initiate a recovery toward $0.85, the next resistance area within the triangle formation.
Technical Outlook Signals Potential Recovery
According to an observation by Man of Bitcoin, ADA’s price has reached the descending trend line that currently acts as resistance. The analyst noted, “A break above $0.684 could indicate that a larger ABC pattern is unfolding to the upside.” The analysis further stated that a sustained break above $0.736 would suggest that wave-(ii) has already bottomed, confirming renewed bullish structure.
Chart projections show that ADA’s next phase could begin once it breaks above $0.78, with price targets extending to $1.10, $1.30, and $1.70 into early 2026. The trend indicates a narrowing of the trading ranges, which will be followed by the possible breakout due to the growth of momentum.
Analysts maintain that ADA’s resilience above $0.63 will determine the strength of the next recovery wave. Cardano’s current setup continues to show stability despite low trading volume. The short-term prospects are constructive, and the possibility of the token turning towards the estimated bullish breakout direction is becoming a reality, as long as the token continues to be supported at the current level of $0.63.
