Prominent analyst World Of Charts shared a post shared on X (formerly Twitter) that suggested that Cardano may be gearing up for a breakout. 

The analyst pointed to a familiar pattern developing on the ADA 2-day chart, one that mirrors earlier setups that led to major price rallies. 

World Of Charts noted that if the current pattern follows historical behavior, ADA price could climb toward the $1.50 range over the coming weeks.

The chart highlights a recurring structure: 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 resulted in rallies of over 150%, and the current wedge now compressing for several months appears to be approaching a decision point.

The first breakout, back in 2023, saw ADA rise after months of steady decline. A similar breakout occurred in late 2024, where Cardano price moved vertically following months of consolidation. 

The current wedge displays the same descending resistance and gradually rising support. The measured move for this pattern means that, if 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, ADA price could follow a similar trajectory to its previous cycles.

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The chart and commentary from World Of Charts don’t 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 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.

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The post Analyst Predicts ADA Price Is ‘Ready to Breakout’ – Here’s What Cardano Chart Is Saying appeared first on CaptainAltcoin.

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