Cardano price prediction is focused on a symmetrical triangle over a several-month period as the ADA moves between the range of $0.60 and $0.80. The narrowing structure is currently trading at around $0.68 and is a significant indication of a coiled market about to break out, with analysts indicating that tightening liquidity is a good predictor of a major directional shift.
Compression Before Expansion in Cardano Price Prediction
Market analyst Sjuul recently reported in an X post that numerous altcoins, such as Cardano, are experiencing decreased volatility and condensing around key support areas.
The 12-hour joint chart of USDT indicates that a huge symmetrical triangle was formed after the year-end of 2024, with the low highs and high lows converging towards an apex.
This is a formation that is central to the price because it is a sign of equilibrium between buyers and sellers that is usually followed by a breakout.
Market analyst Sjuul's analysis on X.
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AltCryptoGems emphasized that ADA's current position near $0.68 aligns closely with its ascending support trendline, which has consistently held since the pattern began forming. The analyst projects a bullish continuation scenario, with price targets of $1.00, $1.30, and $1.60, should ADA break above the resistance range of $0.75–$0.80.
Cardano Price Prediction Confirms Bullish Setup
A different analyst, Ali, reiterated this by establishing that ADA is still within a clearly defined symmetrical triangle that has been established over a few months. Ali explains that this long-term consolidation is an indicator of market indecisiveness, as dynamic support is built by the buyers, and the sellers limit the upside moves close to the upper resistance line.
Analyst Ali's chart analysis on X.
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The sentiment of the analyst is in line with the price prediction of AltCryptoGems, specifying that ADA will experience a bullish trend after the coin conclusively moves out of the current range of less than $0.80. This may help initiate a long-term rally up to $1.70, which would confirm the continuation of the bull movement.
Technicals Show Tight Range in Cardano Price Prediction
ADA's price prediction indicates that ADA is trading at an approximate value of $0.617 at the time of writing, following the inability to sustain a short-term upswing of above $0.67. The 5-minute ADA/USDT chart on Binance shows that the price has broken below $0.64 to indicate that the price is still controlled by the bears in the short term.
Momentum indicators indicate that an oversold situation is coming into play, but unless ADA reclaims strongly above $0.64, this market will continue to lose up to $0.60. Nevertheless, the symmetrical triangle continues to dictate the outlook of the Cardano price prediction in the higher timeframes.