Cardano Price Prediction: ADA Positioned for Squeeze as Key Shorts Face Pressure at $0.74

Cardano is pressing against a key resistance zone near $0.74, with rising momentum and whale activity hinting at a potential breakout toward $0.90.

Cardano is gaining momentum as it pushes toward the key $0.74 level, where over $60 million in shorts are at risk. With fresh upside pressure building and whales quietly stepping in, a breakout here could trigger a sharp move toward $0.90 and set the stage for a much larger rally.

Cardano Breaks Out of Downtrend, Eyes $1.20 Upside Range

After months of being pinned inside a steep descending channel, Cardano (ADA) is finally starting to show signs of breaking free. As shared by a famous chartist, Ali Martinez, the price has pushed through a key trendline that’s been capping upside since March, signaling a possible structure shift from bearish compression to bullish expansion. The breakout levels were around the $0.70 to $0.705 zone, and price action is now pressing higher with momentum on its side.

Cardano breaks out of a multi-month downtrend, reclaiming key levels with momentum building above $0.70. Source: Ali Martinez via X

Technically, this opens the door to a potential rally toward the $0.90 to $1.20 range, levels that haven’t been seen since early Q1. If ADA can flip this breakout zone into support over the next few sessions, that confluence of trend reversal and breakout continuation could fuel a mid-term move.

Cardano Price Approaches $0.74 Trigger Zone With $60M in Shorts on the Line

The breakout above $0.74 on Cardano’s chart is starting to carry more weight than just a trendline reclaim. According to TapTools, over $60 million in ADA short positions are stacked at $0.74 level, and they’re now at risk of liquidations.

Over $60M in ADA shorts are stacked at $0.74, creating a potential liquidation squeeze. Source: TapTools via X

That kind of liquidation zone can act as fuel for accelerated price action, especially when the broader setup is already leaning bullish. With the price hovering around $0.735, it’s inching dangerously close to the liquidation threshold.

If ADA can push just a little higher and trigger that wave of forced exits, the resulting momentum could push the Cardano price toward the $0.80 to $0.90 range very quickly.

Whales Step In Aggressively as Momentum Builds

While retail traders keep their eyes on the $0.74 liquidation zone, some larger players appear to be making their move ahead of time. On-chain data from TapTools shows several whale wallets opening fresh long positions on Cardano, with allocations ranging from $1 million to a substantial $6 million.

Whale wallets accumulate $1M–$6M in ADA ahead of key resistance break. Source: TapTools via X

This influx of capital lines up well with ADA’s broader technical setup. Price has reclaimed key trendlines, liquidation pressure is mounting above, and now the presence of whales adds a layer of conviction. If these positions were timed in anticipation of a squeeze or trend extension, Cardano may see acceleration once the $0.74 barrier is breached.

Cardano Price Prediction: ADA Eyes $1.77 Once 50-Week EMA Breaks

Cardano Price is now retesting its 50-week exponential moving average (EMA), a technical level that has historically marked the start of major rallies. According to the chart shared by Deezy, the last two times ADA broke above this, it rallied 212% and 128%, averaging a gain of about 170%. If history repeats, this could place ADA somewhere around the $1.75 mark in the coming months.

Cardano retests its 50-week EMA, a level that previously triggered +100% rallies. Source: Deezy via X

While fractals do have their limitations but the 50-week EMA is often seen as a major inflection point for long-term trend shifts. With ADA currently hovering near $0.732 and holding momentum after reclaiming previous resistance zones, this EMA retest could act as the next key breakout trigger.

Cardano Short-Term Outlook

Cardano is now showing signs of forming a bullish flag on the 4H chart, a continuation pattern that usually follows a strong price move. The current consolidation sits between $0.70 and $0.74, with a breakout potentially targeting the $0.95 to $1.00 range. As shared by Av_Sebastian, price action has tightened inside the flag, suggesting low weekend volume may be delaying a move until early next week.

Cardano forms a bullish flag on the 4H chart, with a breakout above $0.74 eyeing a short-term move toward $1.00. Source: Av_Sebastian via X

This flag formation comes just as ADA recently flipped the $0.70 zone into support. If buyers step in and push ADA past the upper flag boundary, it would align with the broader bullish trend. Meanwhile, this breakout could act as a short-term catalyst on the way to that $1.77 longer-term target.

Final Thoughts

Cardano’s setup right now looks like one of the cleanest in the market, with a bullish flag on the 4H and strong breakout structure on the daily. The $0.74 level is the trigger ADA is watching, and if it breaks, a sharp move toward $0.90 or higher becomes likely. With momentum building and the 50-week EMA retest in play, ADA is shaping up to be one of the more promising large-cap plays heading into the next leg of the cycle.