Cardano is currently trading within a falling wedge pattern on the 3-day timeframe, a structure typically considered bullish. Price is hovering above a key support zone around the $0.60–$0.68 range, showing signs of accumulation.
Bullish divergence is visible on the RSI, indicating potential momentum shift. A confirmed breakout above the wedge resistance could trigger a strong rally, targeting the following levels:
• First target: $0.8388
• Second target: $1.0049
• Final target: $1.1853
If ADA fails to hold the support zone, downside risk remains toward the deeper support near $0.40. However, as long as price remains inside the wedge, the setup favors the bulls.