TLDR
- Cardano price has broken out of a multi-week falling wedge pattern and gained nearly 8% in the past day.
- The current price of Cardano stands at $0.8021 after rising 11 percent over the past week.
- Analysts identified $0.7300 to $0.7450 as the first major support zone that must hold to maintain the bullish structure.
- A drop below $0.6600 would invalidate the breakout and could shift the market outlook to bearish.
- The first minor resistance level is at $0.8600 and the key test lies between $0.9300 and $0.9500.
Cardano price has moved sharply higher after breaking out of a multi-week falling wedge pattern. The breakout has drawn market attention as it signals a possible shift in trend. Analysts now track key resistance and support zones that may define the next direction.
Cardano Price Breakout Establishes Key Support Levels
Cardano price trades at $0.8021 after gaining 7.9% in the last 24 hours. The token has climbed 11% over the past week and is now 34.6% higher on the month. Analysts attribute the move to a confirmed breakout above the wedge formation.
According to My Crypto Paradise, the $0.7300–$0.7450 range now acts as the first major support zone. The analyst stated, “This zone must hold to confirm the bullish structure.” Failure to remain above it could trigger a decline into the $0.6700–$0.7100 demand area.
If Cardano price drops below $0.6600, the breakout would be invalidated. This move could shift sentiment to bearish and attract more selling pressure. Market participants are now watching the price reaction near these critical thresholds.
Immediate Resistance Targets and Market Outlook
On the upside, My Crypto Paradise identifies $0.8600 as the first minor resistance level. Beyond that, $0.9300–$0.9500 remains a historically strong resistance zone that could test buyer momentum. This area may also attract profit-taking from early entrants.
Breaking through $0.9500 could strengthen the bullish outlook for the ADA price in the short to mid-term. Technical indicators are showing improving conditions, with the Relative Strength Index turning upward. Analysts note that higher momentum is drawing more buyer participation.
However, near-term rejection could still occur if selling pressure increases at resistance zones. The market’s ability to absorb sell orders will be decisive. Traders are monitoring price action closely in the coming sessions.
Long-Term Targets from Additional Analysts
Analyst CryptoGnojek also confirmed the breakout, targeting a long-term move between $2.00 and $2.50. He highlighted immediate resistance at $0.917, followed by $1.35 and $1.699. His primary target stands at $2.049, aligned with the 0.618 Fibonacci retracement.
Cardano $ADA
What happens next, you ask⁉️
Cardano towards $2.00 – $2.50. 🎯
Full send. 🚀 pic.twitter.com/sWRQTLAdpz
— Gnojek (@CryptoGnojek) August 6, 2025
Further bullish scenarios include resistance at $2.546 and $3.180, with a full extension reaching $5.010. He noted that holding above support while breaking near-term resistance is essential for sustaining the rally. These levels will determine whether Cardano price enters an extended uptrend.
Earlier, analyst Ali Martinez projected potential targets at $3.09, $4.19, and $6.25. He compared current action to Cardano’s 2020–2021 rally. Structural similarities suggest the possibility of a prolonged upward phase if momentum holds.
