Cardano’s (ADA) Price: Analyst Says 100% Gain Possible If ADA Breaks Out of This Pattern

TLDR

• ADA is trading around $0.26–$0.27, up 3.37% in 24 hours with trading volume up 73.77%
• A crypto analyst says a breakout from a falling channel could push ADA up 100% toward $0.50–$0.60
• Cardano’s total value locked (TVL) climbed to $145.44 million, up 2.59% in 24 hours
• The TD Sequential indicator has flashed a buy signal — the last time it did, ADA surged 307%
• Whales moved about 130 million ADA in the past week, which analysts see as redistribution rather than selling

Cardano (ADA) is trading around $0.26 to $0.27 after posting a 3.37% gain in the past 24 hours. The broader crypto market rose 1.87% during the same period, with Bitcoin climbing above $72,000.

ADA is also up around 5% over the past week. Trading volume jumped 73.77% to $668.52 million, pointing to stronger market participation than in recent sessions.

The Relative Strength Index sits near 54, suggesting neutral-to-bullish momentum. On the four-hour chart, the MACD indicator is showing a mild bullish crossover, with histogram bars turning slightly positive.

Analyst Eyes 100% Upside on Breakout

One crypto analyst shared a chart showing ADA moving inside a falling channel on the daily timeframe. ADA was trading near the lower edge of that channel at the time of the post.

The analyst said a breakout above the channel’s resistance could lead to a strong upward move. That breakout, if confirmed, could push ADA toward $0.50 first, and potentially $0.60 if bullish momentum builds.

If ADA breaks above $0.27, the next short-term target would be $0.28. A close above $0.28 could open the door toward $0.30.

On the downside, a failure to hold $0.26 could bring renewed selling. The next support levels sit at $0.2550 and $0.25.

Separately, analyst Ali Martinez flagged the TD Sequential indicator flashing a buy signal on Cardano’s higher-timeframe chart. The previous time this signal appeared, ADA went up more than 307%.

Cardano TVL Rises, Whale Activity Tracked

Cardano’s total value locked reached $145.44 million on Friday, up 2.59% in 24 hours, according to DeFiLlama. This reflects continued activity in Cardano-based DeFi protocols.

On-chain data shows roughly 130 million ADA tokens were moved or redistributed by large holders in the past week. Analysts generally read large-scale movements like this as liquidity redistribution rather than outright selling.

ADA’s price is compressing within a descending trendline while holding above $0.25–$0.26 support. A break above the trendline could target $0.33–$0.34, with a further move toward $0.45 possible if that level is cleared.

As of the latest data, ADA was trading at approximately $0.2672.

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