- Cardano (ADA) has surged 13% after rebounding from key support, approaching the critical $1 breakout level.
- Whale accumulation and strong technical patterns suggest a potential move toward the $1.15 liquidity zone.
Cardano (ADA) is showing fresh signs of life, sparking excitement across the crypto market after a sharp 13% rebound propelled the token toward the key $1 resistance level. Following a clean retest of the $0.7125 pennant support, ADA’s price has reignited bullish momentum, positioning itself for a potential breakout that could redefine its short-term trajectory.
This surge marks more than just a recovery—it’s a technical statement. The rebound confirms the validity of a classic pennant formation, a bullish continuation pattern that traders often watch for signs of upward acceleration. With momentum building, market eyes are now fixed on the crucial $1 threshold, a psychological and technical level that could determine ADA’s next major move.
Also read: SUI Price Prediction: Will Cup-and-Handle Pattern Trigger Breakout Above $4.18 Resistance?
Fueling this optimism is a wave of whale accumulation. On-chain data from CryptoQuant reveals a noticeable uptick in activity among high-net-worth wallets. These whale investors are initiating long positions, signaling increased confidence in ADA’s potential to rally. Historically, such behavior often precedes significant price action, as whales tend to be early movers in major market trends.
Beyond $1, ADA has its sights set on the $1.15 liquidity zone—an area marked by equal highs and previous rejections. This untouched liquidity is a magnet for price, and a breakout could not only sweep this zone but also confirm bullish dominance on higher time frames.
In technical terms, the current structure aligns with classical breakout dynamics: the pennant formation, increasing volume, and strategic whale positioning all point to a continuation of the bullish trend.
As ADA edges closer to the $1 mark, traders and analysts alike are watching for a strong breakout. A clean move above this level, supported by volume and follow-through, could open the gates to $1.15 and beyond—solidifying Cardano’s return to bullish territory.
Whether this momentum holds depends on market confirmation in the coming days, but for now, Cardano appears to be charging up for another run at crypto’s spotlight.
