Repeated falling wedge breakouts have fueled ADA’s multi-year bullish structure.
Current price action hovers above key breakout levels near $0.88.
Sentiment ranks ADA as the world’s #2 most bullish crypto at 92.9%.
Cardano’s price structure shows recurring bullish breakouts, with the latest move setting up a possible rally toward $1.20 and even the $2.90 long-term target.
Wedge Breakouts Support Bullish Case
Source Javon Marks X
In early 2025, a third wedge formed and broke to the upside in mid-year. Price action now trades above former resistance, holding a higher-low structure.On the daily chart, ADA is currently near $0.8779, maintaining a bullish trend above previous breakout zones.
Historic rallies from similar setups have delivered gains exceeding 50%, suggesting a path toward $1.20. Analysts such as Javon Marks see this as part of a larger structure that could extend toward $2.90 — over 261% from current prices.
Sentiment Strengthens as ADA Climbs
Market sentiment remains overwhelmingly positive. According to data shared by TapTools, Cardano ranks second in global bullish sentiment at 92.9%, trailing only VeChain. ADA’s price was recently at $0.7593 with a 24-hour gain of 3.54%.
Source Trading View
Short-Term Signals Support the Outlook
Immediate resistance lies near $1.00, followed by the $1.20 projection based on previous breakout extensions. Support rests at $0.70, where price recently rebounded after a rounded top pullback in July. Sustaining above $0.88 could be critical for keeping bullish targets in play.
With both technical structure and sentiment aligning, ADA’s chart mirrors past conditions that preceded significant rallies, making the upcoming sessions pivotal for confirming the next leg higher.
