Cardano trades near $0.68 within a symmetrical triangle, signaling potential for a major breakout once the $0.80 resistance is cleared.
Analysts note rising long positions among Binance top traders, showing growing confidence in an upcoming bullish continuation toward the $1.70 target.
The $0.62–$0.65 range remains essential support as ADA consolidates before a possible upside breakout that could define its 2026 trajectory.
Cardano ($ADA) is approaching a decisive turning point, as technical patterns suggest that a breakout above $0.80 could trigger a strong upward rally toward $1.70. The cryptocurrency, currently trading near $0.68, remains in a tightening consolidation phase that has kept traders on alert for months.
Cardano Approaches Key Breakout Point
The 12-hour chart of Cardano ($ADA/USDT) displays a large symmetrical triangle pattern — a formation that typically signals a major breakout once the consolidation ends. Since early 2025, the asset has formed lower highs and higher lows, reflecting steady compression in price volatility.
At the moment, $ADA trades near the lower boundary of the pattern. The crucial resistance sits at $0.80, aligning with the upper trendline of the triangle and a psychological barrier that has repeatedly rejected upward attempts. A clean breakout and close above this level would confirm renewed bullish momentum, likely attracting new buyers and triggering short-covering from traders positioned against the move.
The chart’s measured projection points to a potential advance toward $1.70 once a confirmed breakout occurs. 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) emphasized that Cardano must break decisively above $0.80 to ignite a sustained move toward $1.70. He also noted that price could retrace slightly toward $0.62–$0.65 before a breakout, as part of the ongoing consolidation phase.
Meanwhile, CW (@CW8900) 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 pointed out that the structure is forming consistent higher lows, an early signal of growing bullish pressure. A decisive breakout above $0.68, according to her analysis, could open the path toward $0.70 and beyond in the short term.
Path Toward $1.70 Depends on a Break Above $0.80
For Cardano to confirm a bullish reversal, the price must close firmly above $0.80. A breakout above this level would complete the symmetrical triangle pattern, signaling renewed confidence in the asset’s market structure. Once achieved, technical momentum could drive prices toward the projected $1.70 target — representing nearly a 150% rise from current levels.
Until that breakout materializes, traders are likely to watch the $0.62–$0.65 support area closely. Sustaining this zone will be crucial for maintaining the pattern’s integrity and avoiding a downside invalidation.
Cardano now stands at a pivotal stage in its market cycle. With tightening consolidation, rising long positions, and clear technical resistance at $0.80, the cryptocurrency’s next decisive move could define its trajectory heading into 2026.
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