Cardano (ADA) Primed for Breakout – Bullish Signals Flash Green for Major Rally

Cardano's ADA isn't just climbing—it's rewriting the playbook. A textbook bullish setup suggests this isn't another dead-cat bounce, but the start of a new leg up. Here's why traders are loading up.

The technicals don't lie

Symmetrical triangle breakout? Check. Volume confirming momentum? Double check. ADA's price action mirrors early stages of its 2021 parabolic run—back when skeptics called it an 'academic coin.' Now? Those same critics are quietly recalculating their positions.

Institutional FOMO incoming?

With staking yields holding steady above 4% and Hydra scaling solutions going live, Cardano's finally delivering what Ethereum promised in 2017 (only faster and cheaper). The smart money's noticed—grayscale's latest filings show a 23% uptick in ADA holdings last quarter.

The cynical take

Of course, this could just be another 'buy the rumor' pump before Charles Hoskinson drops another vague roadmap update. But with Bitcoin dominance slipping and altseason whispers getting louder, ADA bulls won't need much convincing to press their advantage.

One thing's certain: the charts are screaming opportunity. Whether it's another fakeout or the real deal? That's why they call it speculation.

Cardano Price Eyes Steady Increase

After a sharp decline, Cardano found support near the $0.7280 zone, like Bitcoin and Ethereum. ADA formed a base above the $0.730 zone and started a decent increase.

There was a clear move above the $0.7450 and $0.7650 resistance levels. There was a break above a key bullish trend line with resistance at $0.7710 on the hourly chart of the ADA/USD pair. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $0.8557 swing high to the $0.7287 low.

Cardano price is now trading below $0.80 and the 100-hourly simple moving average. On the upside, the price might face resistance NEAR the $0.7920 zone and the 50% Fib retracement level of the downward move from the $0.8557 swing high to the $0.7287 low.

The first resistance is near $0.80. The next key resistance might be $0.8080. If there is a close above the $0.8080 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.880 region. Any more gains might call for a move toward $0.920 in the near term.

Another Decline In ADA?

If Cardano’s price fails to climb above the $0.80 resistance level, it could start another decline. Immediate support on the downside is near the $0.770 level.

The next major support is near the $0.7520 level. A downside break below the $0.7520 level could open the doors for a test of $0.7280. The next major support is near the $0.70 level where the bulls might emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.

Major Support Levels – $0.7520 and $0.7280.

Major Resistance Levels – $0.7920 and $0.8000.