Cardano (ADA) is building steam in the crypto market as both price action and technicals indicate the potential for a breakout. As we speak, ADA is quoting at $0.7413, supported by a 24-hour volume of $1.78 billion and a market cap of $26.24 billion.
Whereas the 24-hour price change is zero, ADA is observed to have registered a stunning 27.14% growth in the week, and that is setting the tone for further positive change.
The 7-day candlestick graph for Cardano indicates a distinct bullish shape forming after a long stretch in sideways trading in the area around the price of $0.58.
The price experienced a sharp volume burst, which initiated a breakout, sending the price through major resistance points at $0.65 and $0.70, until achieving a high in the area around $0.77.
ADA experienced subtle resistance at the high, but held to support a price higher than $0.70, which is an indicator of long-term investor sentiment.
Thereafter, ADA moved into a tight range-bound area between $0.72 and $0.76, which is an indication of positive accumulation. The present price near $0.75 indicates moderate selling pressure.
The next price target is at $0.80, subject to buying pressure persisting, and the near-term significant support area is at $0.70.
Analyst predicts breakout toward $1.60 green zone
Prominent crypto analyst CryptoBullet described a bull thesis for ADA, which is poised to break out to the $1.60–$2.00 “green zone.” According to his technical work on the charts, ADA’s price history in a falling channel initiated in May 2025, a pattern defined as lower highs and lower lows.
The chart, spanning early 2024 until mid-2025, shows the formation set for end. There is also corroboration in the technical indicators. The up-moving average, most likely the 50- or 200-day line, indicates a shift in market bias.
Also, an Elliott Wave structure appears to be completing a correction wave and initiating an impulsive one, always a bullish sign for a change in direction. There is support around the area of $0.50–$0.60, and near-term resistance in the area between $0.90 and $1.20.
ADA targets $2 amid bullish signals
In the event ADA breaks the higher line on high volume confirmation of the downtrend channel, predictors are expecting a potential rally to the target region around $1.60–$2.00.
However, the presence on the chart of promotional content in the form of a BYBIT logo and a QR code puts traders on guard. Recent Fox Business coverage noted that roughly 70% of crypto promotions in the past have not panned out as expected.
Cardano is at a significant technical junction. Higher trading volume, strong price support, and bullish chart setups position ADA for a potential breakout.
If these conditions persist, Cardano will break through the critical $1.60–$2.00 zone, achieving its biggest gain in over a year. With increased investor demand, ADA remains one of the most compelling altcoins in the current crypto bull market.
