Cardano consolidates within a symmetrical triangle, with resistance levels at $0.918, $0.940, and $0.975.
Whale accumulation of 100M ADA in 24 hours signals growing confidence and market strength.
A breakout above $0.95 could open targets toward $1.00–$1.05, with potential extension to $2.
Cardano (ADA) is currently consolidating between resistance and support levels, forming a technical setup that analysts say may develop into a bullish flag. Market participants are closely monitoring whether a breakout will occur on Monday, as weekend pumps are often considered unreliable and can create CME gaps when markets reopen.
Cardano Consolidation and Resistance Levels
According to an observation by trader Sssebi, ADA is trading near $0.916 within a symmetrical triangle pattern on the 4-hour chart. Price movements fluctuated between $0.910 and $0.929, showing tightening conditions as support and resistance trendlines converge. The first resistance rests near $0.918, the second is positioned around $0.940, and the third is close to $0.975.
https://twitter.com/Av_Sebastian/status/1959221579025457428
The 50-period moving average is trending upward and is currently aligned with the first resistance level. This alignment is technically important, as repeated interactions with the moving average indicate growing market interest in this zone. Trading volume increased during ADA’s recent recovery, reflecting stronger participation after a sharp decline earlier in the session.
The relative strength index (RSI) has recovered from oversold territory and now sits around the neutral 50 level. Analysts said this positioning shows room for continued momentum without entering overbought conditions, leaving space for a possible move higher.
Breakout Potential and Market Support
According to analysis prepared by CW8900, ADA could reach as high as $2 if it clears one large sell wall. Market observers added that the next decisive move depends on maintaining support near $0.90 while testing resistance levels. A close above $0.95 will confirm a local rally and may see targets towards $1.00 and $1.05.
On-chain data also recorded whale accumulation, with more than 100 million ADA purchased within 24 hours, according to analyst Ali Martinez. Analysts noted that such accumulation often acts as a buffer against short-term volatility and aligns with bullish setups on technical charts.
Traders will be paying close attention to a possible break this week early in the week to better avoid a price gap over the weekend. The consolidation structure suggests ADA is preparing for its next decisive trend as technical and on-chain factors converge.
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