Cardano recently broke out of a bullish indicator pattern, known to signal the continuation of an uptrend. Crypto analyst Ali noted the breakout on the X, stating, “Cardano (ADA) is breaking out of a bullish indicator pattern, targeting 3 USDT. ADA’s price had been rising in November before consolidating in a triangle pattern through December, a typical phase after a strong rally.”
This upside break above the pattern’s upper trendline suggests that ADA may be poised for further upward movement. Key technical levels indicate support around 0.85 USDT and resistance near 1.15 USDT. Fibonacci extension levels project price targets at 1.92 USDT (1.272 extension), 2.79 USDT (1.618 extension), and up to 3.49 USDT (1.786 extension). The psychological milestone of 3 USDT remains a key focus for ADA buyers.
With market optimism growing, ADA’s ability to sustain momentum above resistance zones will determine its progress in the coming days. However, analysts caution against potential pullbacks or false breakouts, emphasizing the need for volume confirmation to validate the rally.