Cardano Eyes $1.20 Breakout Amid Volume and Bullish Momentum

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Cardano
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Cardano has achieved strength after weeks of steady growth. Its price is moving between $0.95 and $0.96, forming a symmetrical triangle pattern. This happened after a rise from $0.74, with $1.00 acting as strong resistance.

Trading activity in Cardano jumped quickly, and futures volume across all exchanges reached $6.96 billion, the strongest level since March. Daily volumes are now getting close to the levels seen during the last rallies, while ADA’s spot price has risen strongly from the July low of $0.60.

At the same time, South Korea has emerged as a surprising driver of ADA’s market activity. According to TapTools, ADA/KRW trading did almost twice the volume of Coinbase’s ADA/USD market, ranked third worldwide, and reshaped order book dynamics.

Symmetrical triangle signals ADA breakout toward $1.10

Technical indicators show that Cardano may be preparing for another push upward. The symmetrical triangle pattern supports the chance of an upward breakout, with support holding near $0.90 and resistance between $1.00 and $1.02. A breakout can aim for the $1.08 to $1.10 area.

Crypto analyst TheDappAnalyst said the ongoing consolidation is “healthy” and stressed that ADA managed to absorb gains without losing its support structure. In past cycles, such consolidation phases often came before further upward moves, especially when trading volume kept rising.

Source: X

In addition, ADA’s hourly chart just showed a TD Sequential “9” candle, a buy signal often linked to exhaustion at bottom levels. The bounce from $0.88 confirmed that local buyers were active, and if ADA breaks the $0.92 to $0.94 resistance clearly, it could gain more strength.

Traders target $1.15 to $1.20 if $1 resistance breaks

Cardano has been making higher highs and higher lows in recent weeks. Analysts note that a retest of support between $0.88 and $0.85 could build a strong base for a decisive move higher. Resistance near $1.00 remains the immediate barrier.

CryptoYapper described this structure as classic bullish price action, where a series of higher levels strengthens the setup for continuation. If ADA closes above the neckline, the upside targets extend to the $1.15–$1.20 range, matching the earlier resistance zone.

Source: X

Market watchers agree that defending the $0.88 to $0.90 zone is equally important. Any weakness below this area could delay the bullish outlook. Still, with global volume rising and South Korean activity adding liquidity, traders expect higher volatility in the coming sessions.

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Ahsan Nusrat is an experienced crypto writer with over 3 years of experience covering blockchain, crypto market trends, and Web3 developments. He focuses on breaking down complex topics into clear, engaging content for both new and experienced readers. Beyond BTCRead, Ahsan has also written for NewsBTC and contributed to various crypto PR projects.
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