Cardano ($ADA) is breaking out of its resistance at $0.5787, aiming for the $1.00 mark on green volume and a MACD crossover. Charting expert @DanGambardello highlights this bullish pattern on X (formerly Twitter). Green trendlines are visible since 2024 lows, while a red descending wedge suggests compressed price action that’s poised to snap higher. This comes with increasing trading volume and positive momentum as the ecosystem continues to grow. Cardano saw a recent pullback from its $0.65 October highs but rebounded, finding support around $0.52 with RSI recovering to 52. Today, it trades at $0.5787 (up 2.3% on $1.32B volume), with the break signaling a potential move to $1.00 (a 73% upside) as the chart suggests. This momentum aligns with Cardano’s thriving ecosystem, fueled by high transaction volumes, growing DApp activity and increased staking rewards. The recent Ouroboros Phalanx upgrade is further driving this positive development, offering improved security and scalability with a volume reduction of 30%. DeFi TVL remains steady at $350 million via DeFiLlama. Whale activity has also played a role, with over 300 million ADA bought off exchanges post-dip according to Santiment. Institutional inflows through Grayscale’s ADA trust are also rising. While some criticize Cardano for its velocity lag compared to Solana, the bullish chart signals offer hope for a $1 breakout before Q4 ends. This bull market could be a defining moment for Cardano as it shows steady growth.