ADA Price Is ‘Ready to Breakout’ – Here’s What Cardano Chart Is Saying

Prominent analyst World Of Charts shared a post shared on X (formerly Twitter) that suggested that Cardano may be gearing up for a breakout.

Prominent analyst Predicts ADA Price Is ‘Ready to Breakout’ – Here’s What Cardano Chart Is Saying

Prominent analyst World Of Charts shared a technical analysis on X (formerly Twitter) that suggested that Cardano may be gearing up for a breakout.

The chart shared by the analyst highlighted a familiar pattern developing on the ADA 2-day chart, one that spanned several months and had interesting implications for the cryptocurrency’s price action.

Pointing to a structure that repeats throughout the chart, the analyst highlighted three large falling wedge formations, each followed by a breakout. ADA is currently trading near the upper resistance line of the wedge.

The most recent two resulted in rallies of over 150%, and the current wedge now compressing for several months appears to be approaching a decision point.

How Past Patterns May Influence Cardano Next Move

The first breakout, back in 2023, saw ADA rise after months of steady decline. A similar breakout occurred in late 2024, where cardano price moved vertically following several months of consolidation.

The current wedge displays the same descending resistance and gradually rising support. The measured move for this pattern suggests that, if ADA price breaks out of the wedge with strength, a rally of over 160% could follow.

Candlestick activity shows higher lows with no sharp rejection at resistance yet, which may signal selling pressure is slowly decreasing. The use of the 2-day timeframe helps smooth out noise and puts emphasis on long-term trend development.

Where ADA Price Support and Resistance Levels Stand

Key support remains between $0.63 and $0.65, which acted as the base of the most recent bounce. If the breakout fails, traders may look to $0.50 or even $0.37 as the next areas of interest.

Meanwhile, a confirmed close above the wedge resistance could open a path toward higher price levels. Volume remains a deciding factor. Without it, the breakout could fizzle. But if buying pressure returns, ADA price could follow a similar trajectory to its previous cycles.

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