Crypto analyst Ali Martinez has highlighted a key technical pattern forming on Cardano (ADA), suggesting the asset is on the verge of a significant price move. The chart he shared shows a symmetrical triangle, a pattern often associated with a breakout in either direction. Martinez suggests ADA could see a 40% price shift once the pattern resolves. #Cardano $ADA is positioning itself for a potential 40% price move! pic.twitter.com/Vv764sKKFV — Ali (@ali_charts) March 6, 2025 At the time of his analysis, ADA traded near $0.95, consolidating within the triangle. A decisive move above the resistance level could signal a breakout to the upside, while a break below support may lead to a downward move. The symmetrical triangle formation reflects decreasing volatility, which precedes a major price movement. Whale Accumulation and Bullish Sentiment Cardano has received significant attention from the market over the past few days due to its proposed inclusion in the recently announced U.S. strategic crypto reserve . This move, which came as a surprise to its creator Charles Hoskinson, gave the token a notable boost and could aid its long-term growth. Beyond technical patterns, Cardano has seen notable whale accumulation in recent days. According to a recent report, large investors have accumulated over 130 million ADA tokens within 72 hours. This signals increasing confidence among institutional players, often a precursor to a price rally. Veteran trader Peter Brandt has also weighed in, stating in late January that Cardano may have bottomed out and could be entering a long-term bull market . If Brandt is right, the current consolidation phase could be the foundation for a significant price surge. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Support Levels and Market Outlook Analysts are closely watching ADA’s support and resistance levels. A recent analysis by Martinez shows that $0.74 and $0.83 are critical price levels. A move below $0.74 could trigger a downturn while breaking above $0.83 might confirm a rally towards the $1 mark. Cardano is still above $0.83, and despite a minor dip over the past 24 hours to $0.9, the asset is still showing positive signs. A 40% jump from this level would send the digital asset to $1.26, its highest level since December 3, 2024. Adding to the bullish sentiment, Hoskinson has reaffirmed his confidence in the blockchain’s future. He recently referred to Cardano as the global standard , emphasizing its governance and decentralization advancements. With a clear symmetrical triangle formation, strong whale accumulation, and bullish sentiment from industry experts, Cardano is in a good position for a breakout and could experience a notable one soon. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Cardano (ADA) Is Poised for 40% Price Breakout appeared first on Times Tabloid .
