ADA/USDT#

Recent Cardano (ADA) Market Highlights

Price Action & Technical Outlook

ADA is showing signs of a bullish breakout. Analysts highlight a descending wedge pattern with a break above ~$0.80 potentially paving the way to targets such as $0.90, $1.00, and even ~$1.20 if momentum holds.

The technical setup is reinforced by positive indicators (RSI, MACD crossover), suggesting ADA could climb above $1 before month-end.

Support levels are key: $0.784, $0.769, and $0.755. A sustained hold above these could allow ADA to extend gains toward $0.97 or more. A breach below $0.755 may signal downside risk.

On-Chain Movement

Large holders (whales) appear to be accumulating: over 200 million ADA has been stockpiled in just 48 hours—often a bullish signal indicating increased investor confidence.