TLDR:
- ADA price rallies 19.5% in 24 hours, breaking from a symmetrical triangle formation.
- Cardano reclaims 50-week EMA, previously followed by over 100% price surges,
- RSI and volume spikes support ADA’s bullish continuation toward $1.77 and $2.
- Weekly structure mirrors past rallies, fueling trader optimism for more upside.
Cardano (ADA) is gaining momentum as price action accelerates toward a critical resistance area.
The asset has seen notable growth over the past week, drawing attention to a potential breakout. Traders now point to a familiar pattern forming, with historical data suggesting a sharp move could follow.
With key technical levels approaching, ADA’s bullish setup is beginning to take shape. The move toward $2 appears to be gaining traction, backed by both price action and volume.
ADA Price Surges Amid Technical Breakout Formation
Cardano is currently trading at $0.7473 after rallying 19.5% in the last 24 hours, according to CoinGecko.
The past seven days have brought a 29.57% increase in price, fueled by breakout momentum. ADA’s chart shows the asset breaking out from a symmetrical triangle, historically known to precede strong rallies.
Javon Marks noted that Cardano is following a clear pattern of higher lows and lower highs, forming repeated triangle structures. Each breakout in the past has triggered a substantial move upward.
$ADA RIPPING!
Prices are moving almost right in tune with its recent breakout action and this is likely the beginning stages of a significant continuation towards $2+.
Cardano can 3X… https://t.co/MXXkXyDzFR pic.twitter.com/PYrKthYABx
— JAVON
The current breakout appears to be following the same script, with price action suggesting early stages of a continuation toward the $2 level.
Cardano is now testing the 50-week exponential moving average, a level that previously triggered massive rallies. Crypto analyst Mintern pointed out that ADA surged 212% and 128% the last two times it crossed this level.
If this pattern holds, ADA could see an extended rally toward $1.77 or beyond.
These levels are gaining importance as traders watch closely for confirmation of trend continuation. A clean move above the EMA could set the stage for exponential growth. The bullish structure forming on the weekly chart supports this projection.
BREAKING NEWS:
CARDANO APPROACHES CRITICAL BREAKOUT ZONE
The last 2 times it crossed this line, it went up 212% and 128%.
If history repeats, we will be looking at $1.77 $ADA
Are you ready for the pump? pic.twitter.com/mEIMlBj4HM
— Mintern (@MinswapIntern) July 11, 2025
Strong Support and Cardano Volume Signal Momentum
ADA has consistently respected support levels along the lower bounds of triangle patterns. Each bounce from support has led to renewed upward momentum.
The breakout now underway has seen a noticeable uptick in volume, often viewed as confirmation of trend strength.
Momentum indicators such as RSI also suggest increasing buyer activity. These signs point to the continuation of ADA’s current rally, provided the asset holds above breakout levels. Traders are focusing on whether the move sustains above $0.75 in the coming sessions.
Cardano’s recent price activity has reignited market interest, especially among altcoin watchers. The pattern forming across its multi-week structure is drawing comparisons to past rallies.
With crypto markets showing broader strength, ADA appears positioned to lead among large-cap assets.
If momentum holds and key levels are breached, the projected $2 target may become more than speculation. As the bullish trend continues to unfold, all eyes remain on Cardano’s next move.
The post Cardano Breakout Gains Speed: Is a $2 ADA Price Rally Now in Play? appeared first on Blockonomi.
Source: https://blockonomi.com/cardano-breakout-gains-speed-is-a-2-ada-price-rally-now-in-play/