Cardano Price May Surge 160% as Pattern Repeats

Prominent analyst World Of Charts shared a post on X (formerly Twitter) suggesting that Cardano may be on the verge of a significant price breakout. The analyst identified a recurring pattern on the ADA 2-day chart, which has historically preceded major price rallies.

World Of Charts noted that if the current pattern follows historical behavior, the price of ADA could rise towards the $1.50 range over the coming weeks. The chart highlights 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 breakouts resulted in rallies of over 150%, and the current wedge, which has been compressing for several months, appears to be approaching a decision point.

Historical patterns suggest that past breakouts have led to substantial price increases. The first breakout in 2023 saw ADA rise after months of steady decline. A similar breakout occurred in late 2024, where the price of Cardano moved vertically following months of consolidation. The current wedge displays the same descending resistance and gradually rising support. The measured move for this pattern suggests that, if the ADA price breaks out with strength, a rally of over 160% could follow.

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

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, the ADA price could follow a similar trajectory to its previous cycles.

The chart and commentary from World Of Charts do not guarantee Cardano price action, but they do offer a clear technical roadmap. The repeating wedge formations and historical breakouts create a framework that traders are watching closely. If the ADA price continues to respect the pattern, then the next breakout could bring a substantial move. Until then, all eyes remain on resistance and whether volume steps in to confirm a breakout is underway.