Cardano ($ADA ) has been under pressure lately, slipping 3.49% last week and now trading around $0.90. Despite the downturn, fresh analysis suggests that ADA may be preparing for a powerful breakout.
๐ Price structure hints at liftoff
Technical patterns show ADA consolidating near the $1.15 resistance, right at the 0.618 Fibonacci extension โ a key battleground zone. Historically, this level has acted as both support and resistance before major moves.
Looking at past cycles, ADA surged from $0.018 in 2020 to a peak of $3.10 in 2021. Analysts believe if ADA clears $1.15 with momentum, upside targets extend toward $3โ$6, aligning with Fibonacci projections.
$3 would mark a 200% rally from current prices.
$6 would place ADA back near its 2021 glory zone.
๐ Whale activity sparks caution
In the last 72 hours, whales unloaded around 530 million ADA (~$472M). Heavy selling often signals profit-taking or portfolio rotation by big players, adding short-term downside pressure.
ADA daily trading volume has dropped nearly 50%, showing weaker retail participation.
Still, ADA remains a top-10 asset with a market cap above $31.8B, proving its resilience.
Cardano sits at a critical level. If bulls manage to push through $1.15, the door to a massive rally opens. But with whales exiting, the coming weeks will test whether ADA has the strength to launch or if sellers keep it grounded.
