Cardano broke out from a descending channel and retested support near $0.7800, confirming a bullish structure.
The measured move from the breakout projects a 228% gain with a target of $1.7250 in the coming sessions.
Holding above the breakout zone is critical for ADA to maintain momentum toward its upside target levels.
Cardano (ADA) traded at $0.8051 after confirming a breakout retest from a prolonged descending channel. The current technical projection points to a potential 228.15% rally, which could lift prices toward the $1.7250 mark if momentum holds. The setup mirrors a prior breakout move that delivered a 233.53% gain to $0.8680 in the last significant rally.
https://twitter.com/WorldOfCharts1/status/1955371097148493982 Confirmed Breakout Retest From Descending Channel
The two-day ADA/USDT chart from Binance shows a clear breakout from a long-term descending channel that has contained price action for months. The breakout was followed by a retest of the former resistance trendline, now acting as support.
This structural change indicates a possible trend reversal, shifting the market from a prolonged downtrend into a bullish phase. The retest confirmation reinforces the technical validity of the breakout, offering a strong basis for higher price targets.
The breakout pattern resembles ADA’s previous run in late 2024, where price surged over 230% after a similar retest confirmation. Traders tracking historical performance are closely watching for a comparable follow-through in the current cycle.
Upside Projection and Price Targets
The measured move technique, applied from the width of the descending channel, produces a target of $1.7250. This level represents a 228.15% increase from the breakout point and aligns with historical resistance zones from earlier trading cycles.
ADA’s earlier rally in 2024 saw the price climb from a breakout base to $0.8680, recording a 233.53% gain. The current projection mirrors this proportion, suggesting the potential for another significant upward move if market conditions remain favorable.
Maintaining price action above the breakout support zone is key to sustaining this bullish outlook. Any drop back into the channel could delay or invalidate the upside scenario.
Key Support and Resistance Levels
Immediate support lies at the breakout retest zone near $0.7800, which has so far contained pullbacks following the breakout confirmation. A decisive break below this level could signal weakening momentum and invite further consolidation.
On the upside, $1.0000 represents a psychological threshold and a likely first area of profit-taking before a potential run toward $1.7250. The final target coincides with previous multi-month highs, where selling pressure could re-emerge.
Market participants now face a pivotal question: will Cardano repeat its past breakout performance and deliver a 228% surge toward $1.7250?
With the breakout retest validated and technical indicators aligning, the path forward for ADA depends on sustained buying pressure and market-wide sentiment. The coming sessions will determine if the current bullish setup can unfold into another large-scale rally similar to its prior historical moves.
