Key Insights:
- Cardano price held above a long-watched $0.80 base as volatility eased.
- Coinbase ADA reserves rose more than fourfold from recent lows, analysts said.
- Break above $0.96–$1.02 could open $1.30–$1.90, with $2.00 on momentum.
On Monday, Cardano price held above a long-tracked $0.80 support while wallet data showed a sharp reserve buildup on Coinbase, according to market analysts.
Chart structures pointed to a potential ADA upside break if buyers absorbed supply near the $0.96–$1.02 band.
Analysts framed the setup as defined and testable. They pointed to clear supports, nearby resistance, and rising large-holder participation.
Cardano Price In Focus Amid Soaring Coinbase Reserves
Fresh wallet snapshots suggested Coinbase holdings of ADA grew from about 1.7 Million to near 9.6 Million in recent weeks.
That increase implied renewed demand from larger accounts positioning for volatility.
Analyst Mintern drew attention to the pace of this change. He said reserve spikes of that scale often preceded sentiment turns when technicals already showed higher-low structures.
The reserve shift coincided with steady defense of the Cardano price at $0.80 area. Traders used that level as a line in the sand while the market compressed.
Price compression often preceded expansion because liquidity pooled around repeated tests.
ADA price had formed a broad symmetrical triangle on higher time frames. A symmetrical triangle marks converging trendlines as highs fall and lows rise.
It often resolves with a directional break when volume expands through the boundary.
This structure supported a simple plan. Traders watched for acceptance above the upper trendline first, then confirmation above nearby horizontal resistance.
Ali Martinez said the bias stayed constructive while ADA price avoided a decisive move below the $0.80 shelf. He added that a clean break above resistance could trigger the next range expansion for Cardano price.
Cardano Price Levels to Watch for Breakout
The market’s first focus for Cardano price sat near $0.95–$0.96, where prior rallies stalled. A daily close above that area would have flagged the initial break.
Following that, the next target would be at $1.02 for ADA price, the analysts noted. Trader CW8900 called $1.02 the validation checkpoint.
That level aligned with several third-quarter rejections and marked the top of a sticky supply zone. Clearing it would have signaled a regime shift from mean-reversion to trend.
Above $1.02, analysts mapped layered objectives. The first cluster sat around $1.30, where the prior distribution formed.
The second cluster sat around $1.50, a round-number magnet that intersected measured-move projections from the triangle.
A stretch target near $1.90 appeared on extended projections that added the triangle’s height to a confirmed breakout point.
These projections provided reference, not promises, and they depended on persistent volume.
Below, the defense zones remained straightforward. The market had respected the $0.80 support for Cardano price repeatedly.
A deeper cushion near $0.75 backed that line if volatility spilled over. Loss of both levels would have argued that consolidation still dominated.
The structure avoided guesswork. If ADA price reclaimed and held above $0.96, momentum models improved.
However, If Cardano fails at $1.02 again, the triangle likely continued to coil.
Catalysts for Next Expansion Phase
Some technical experts read the recent drift under local highs as a bullish flag. A flag is a brief, downward-sloping consolidation after a prior advance.
It often resolves in the direction of the larger move and sets a measured target equal to the prior leg.
In this case, a flag break above the upper boundary would have aligned with the triangle outcome. That confluence increased the odds that Cardano price could reach $1.50.
Stronger flows could extend toward $2.00 on momentum. Volume behavior mattered.
A valid break usually needs expanding volume and firm closes above the trigger zone. Weak volume often produced fakeouts that reversed into the range.
Context from large-holder activity supported the case for next ADA price surge. A more than fourfold increase in exchange reserves suggested that bigger accounts had prepared for a directional move.
If those accounts held bids during a break, liquidity could thin above resistance.
Risk markers remained clear. A decisive close below $0.80 would have challenged the bullish map and restored range-bound conditions.
A failure there would have shifted focus to $0.75 and the lower triangle boundary.
What’s Next for ADA Price?
At the time of writing, analysts tracked ADA support near $0.80 and resistance around $0.96–$1.02 as the key band. Those levels defined the test that separated consolidation from trend for Cardano price.
A practical framework was followed. Traders waited for a confirmed daily close above resistance, expanding volume, and sustained higher lows.
Without those, the market likely continued to range until new information arrived.
If the break held, the measured objectives at $1.30 and $1.50 came into play. If momentum extended with breadth and volume, the $1.90–$2.00 zone became feasible for ADA price to reach.