Can Cardano Price Break Out of a Wedge Pattern and Rally to $1.41 Soon?

Key Insights:

• Cardano price is forming a broadening wedge pattern with support confirmed near $0.58 and potential targets up to $1.4160.
• Analysts identify $0.9024, $1.1281, and $1.4160 as key resistance levels if ADA holds its current bounce zone.
• ADA’s weekly chart shows repeated support tests, suggesting a possible breakout if bulls defend the current level.

Cardano (ADA) price has shown early indicators of a breakout from a broadening wedge pattern. The existing price formation, along with the repeated bounced support levels, has raised speculation over a potential target of $1.41 soon.

Cardano Price Broadening Wedge Forms

Cardano price 3-day and weekly charts indicated the formation of a broadening wedge structure and were consolidating around the $0.58 level. The pattern, characterized by expanding trendlines, is commonly observed when uncertainty and volatility prevail.

ADA price has bounced off the lower edge of the wedge several times and has been supportive in holding the area and maintaining the larger structure.

Additionally, analysts have also identified $0.57 as a crucial level of interest for buyers. Chart analyst Claire Jensen noted this has been a base of bullish reversals in the past.

A rebound, particularly with the Volume support, may trigger a rally. The last time such a structure broke out, it rallied from $0.2753 to $1.3275, and this is a point of reference as to what may follow.

Analysts Track ADA Price $0.9024 to $1.4160 as Key Targets

More so, analyst Claire has identified resistance levels at $0.9024, $1.1281, and $1.4160. These levels mark potential profit-taking zones if a breakout is confirmed above the wedge.

On the chart, these targets are projected using both historical price reactions and trendline extensions from the broadening structure.

Jensen emphasized the need for bulls to defend the current range. If buyers can maintain pressure above $0.57, the next leg up could find resistance at $0.9024, the first key zone where sellers may re-emerge.

From there, momentum could carry Cardano price toward $1.1281 and then to $1.4160 if market conditions remain favorable. These levels are all consistent across short-term and longer-term chart projections.

Weekly Structure Shows Repeated Support Tests

Meanwhile, the weekly chart reinforced the technical case. Price has tested the $0.55–$0.58 range on multiple occasions this year. Circular markers on Jensen’s chart highlighted two prior bounces, both of which initiated upward moves.

The current price is revisiting this same range, and a third bounce could reinforce market confidence in this level.

Analysts observed that this structural formation has created a higher low, something that would favor a potential breakout of the rising lower trendline.

Subsequently, the development indicated that sellers are not confident in pushing ADA below this range.

As a result, this became a strong support area for buyers. When such conduct continues, it augments the likelihood of a surge to levels of about $0.90 and $1.41.

Bullish Momentum Hinges on Short-Term Continuation

On shorter-term time frame charts, such as 4-hour and daily charts, early bullish momentum was forming even though the Cardano price retraced to its latest local low.

A breakthrough and move back to the old swing high area near $0.60 would confirm strength. An analyst posted a 4-hour chart that had a rising formation supported by a steady buyer interest at support lines.

Besides, volume has started to increase on bounce attempts, especially near wedge support. A breakout would need buyer interest and increased volume on the next push above $0.60.

However, the wedge may last longer should the breakout turn out to be unsuccessful or lose its volatility.

The top altcoin has managed to stay above the $0.57 resistance in the last 24 hours despite market pullbacks. ADA briefly touched $0.582 before retracing, showing strong buyer support around the $0.572 zone.