- Cardano is trading in the vicinity of $0.68 within a symmetrical triangle, suggesting that upon breaking through the resistance around $0.80, it has the potential to breakout and rally significantly.
- Traders on Binance, particularly the top traders, have been increasing their long positions indicating an increase of confidence for the ADA trend to continue with a bullish formation toward $1.70.
- Support is still found in the $0.62 – $0.65 range while ADA consolidates, and both the traders on Binance and the price action will inform if that breakout might occur to define the ADA trajectory through 2026.
Cardano ($ADA) sits in a critical inflection point as technical patterns are suggesting that if price continues, price will breakout above $0.80, and initiate the continuation towards the $1.70 target. Currently trading near $0.68, the cryptocurrency is still trapped in a tightening consolidation, previously noted by esteemed traders being on high alert for months now.
Cardano Approaches Key Breakout Point
The 12-hour chart for Cardano ($ADA/USDT) shows a large symmetrical triangle pattern—a pattern that might signal a big breakout once the consolidation is complete. $ADA has been making lower highs and higher lows since late 2025, demonstrating a contracting price volatility.
$ADA currently trades just above the lower boundary of the symmetrical triangle pattern, with resistance at $0.80 that coincides with the upper trendline of the triangle as well as a psychological level that has been an area of resistance multiple times in the past. A clean break above this area and a close above this resistance level, if it was to occur, may signal a return to bullish price momentum, attracting in new buying activity as well as short covering from those who may have traded against the movement.
Lastly, the price chart’s measured move would indicate another move up towards the $1.70 level once a confirmed breakout occurred.This target corresponds with previous structural highs from early 2024, reinforcing it as a logical technical objective for traders and investors watching Cardano’s midterm setup.
Traders Build Long Positions Amid Growing Accumulation
Market behavior among professional traders is beginning to align with this bullish technical setup. Analyst Ali (@ali_charts) stated that Cardano needs to break decisively over $0.80 to initiate a sustainable move toward $1.70. He said that price may retrace a bit toward the $0.62–$0.65 area before continuing the breakout as part of the ongoing consolidation.
Meanwhile, CW reported that Binance’s top traders have been rapidly increasing their $ADA long positions. This suggests institutional participants are quietly positioning in anticipation of a possible upside breakout. Such accumulation during low volatility periods often precedes major directional moves once momentum returns.
Adding further optimism, Olivia noted that $ADA is “showing real strength” as price action holds firm around $0.66. She indicated that the structure is consistently creating higher lows, an early warning sign of increasing bullish pressure. A strong break of either $0.68, would see a clear path towards $0.70 and higher in a shorter timeframe.
Path Toward $1.70 Depends on a Break Above $0.80
For Cardano to confirm a bullish reversal, the price must close decisively above $0.80. A break-out above this point would confirm the symmetrical triangle formation, suggesting new optimism about the asset’s market structure. With this benchmark achieved, technical momentum would drive prices toward the projected $1.70 target — an increase of nearly 150% from here.
Until then break, the traders will closely monitor the $0.62–$0.65 support zone. Retaining this zone will be crucial to maintaining the pattern integrity and avoiding a bearish invalidation.
Cardano is now at the pivotal point of its market cycle. Tightening consolidation, heightened long positions, and sheer technical resistance at $0.80 position the cryptocurrency’s next break point as a potential determiner for its direction in 2026.
