An analysis by charting expert @ali_charts suggests Cardano ($ADA) may be breaking out of a symmetrical triangle pattern, targeting $1.10. Current price at $0.973 and strong trading volume of $2 billion signal market interest in the smart contract platform. Historical resistance at $3.10 presents a potential barrier to sustained growth. Cardano’s bullish technical outlook is bolstered by its post-Alonzo hard fork evolution, which introduced smart contract capabilities. The platform’s robust fundamentals, with recent whale activity of 200 million ADA ($157 million), further support this trend. However, historical resistance at all-time high of $3.10 from 2021, and a success rate for technical patterns like the one in play of around 50-60%, highlight the need for corroborating factors such as adoption or network upgrades to validate the breakout.