Is Cardano Ready for Takeoff? Key Breakout Points to New Highs

Cardano’s recent price surge, breaking through a key resistance level, has ignited bullish expectations and set its sights on new highs. With volume supporting long-term growth, analysts predict targets of $0.90 and $2.90. This momentum comes after Cardano (ADA) successfully navigated the $0.750 descending trendline, fueled by strong buying activity and a sustained upward price trajectory. 4-hour chart analysis highlights a significant break above this long-standing barrier. Analysts attribute this rally to expanding DeFi applications and growing institutional investments. Volume spikes, a rising RSI level, and price targets near $2.90 underscore a confident shift in sentiment. Leading analyst, Ssebi, points out a potential target of $0.90 following a sustained rally. Meanwhile, Javon Marks adds further weight to the bullish outlook by highlighting the pattern of symmetrical triangles followed by sharp rallies observed in ADA’s price action. He sees this as a sign of upcoming breakout runs, potentially reaching targets of $2.70-$2.90 and even $2.933. This growth aligns with historical fractal analysis, suggesting sustained bullish cycles throughout 2026.