- ADA trades at $0.66 after dipping 3%, consolidating inside a symmetrical triangle.
- Analysts forecast a breakout above $1, with potential targets up to $1.70.
- Support at $0.51 remains key — if it holds, Cardano could rally sharply.
Cardano (ADA) has been holding steady after a small dip, trading around $0.66, down roughly 3% in the last 24 hours. Earlier this week, it looked more promising — climbing up to $0.69 before cooling off. Now, ADA seems to be consolidating inside a symmetrical triangle, a setup that’s got traders watching closely for the next big move.
Cardano Builds Strength Within a Symmetrical Triangle
Crypto chart analyst Ali Martinez noted that Cardano’s been stuck in this triangle pattern for a while now. The coin’s been making lower highs and higher lows, a sign of tightening momentum. This formation has kept the price trapped since it peaked near $1.32 last December, with another rejection from the upper trendline at $1.02 back in August.
Even after that rejection, ADA didn’t crumble — it’s been holding its support near $0.59, which is encouraging. Martinez thinks this steady base could be the launchpad for a strong reversal. As the triangle narrows and price coils up, the setup looks like it’s preparing for an upward breakout, potentially soon.
If that happens, Martinez sees ADA smashing through $0.80 resistance and even challenging $1. Beyond that, he’s eyeing a possible surge toward $1.70, roughly aligning with the Fibonacci extension level around $1.75. That would be a massive 157% rise from where Cardano sits right now — not bad at all.
Analysts Agree: ADA Could Soon Break $1
Cardano’s bullish setup isn’t just catching Martinez’s eye. Well-known analyst Dan Gambardello believes ADA could easily double in price, hitting anywhere between $1 and $1.30. He even suggested the move could come out of nowhere, fueled by renewed interest and growing demand for the project.
Meanwhile, MMB Trader also joined the bullish camp, pointing out that Cardano’s $0.51 support has remained strong through multiple retests. As long as that level stays intact, he argues, the odds of a sustained breakout above $1 remain high.
Momentum Builds Ahead of a Potential Breakout
Right now, ADA’s chart paints a picture of tightening consolidation and building momentum. Each move toward the triangle’s apex brings it closer to a breakout moment — and based on past patterns, that could happen sooner rather than later.
If the bullish predictions pan out, Cardano might not only reclaim $1 but also push significantly higher, marking a strong recovery phase. For now, all eyes are on whether ADA can maintain support and break free from the triangle that’s been holding it back for months.
