Cardano (ADA) eyes $0.74 resistance after breakout from bullish chart patterns.
Cardano’s “Ouroboros Leios” upgrade aims to enhance speed and support DeFi, NFTs. The leading altcoin, Cardano (ADA) price dropped 1.07% over the past 24 hours, trading at $0.6835 during press time. The price fluctuated between $0.6692 and $0.6936, reflecting short-term market instability. This movement continues a broader trend of volatility as the token struggles to sustain any lasting upward momentum. Also, Cardano remains down approximately 78% from its peak of $3.10 reached in September 2021.
Short-term technical indicators show no clear breakout above resistance or breakdown below support. ADA’s immediate support is $0.6690, while resistance sits near $0.6935. The five-minute chart shows frequent price reversals within this tight range. Volume activity remains consistent, but momentum appears limited. The MACD lines are hovering around the zero line, suggesting neutral sentiment. Bullish and bearish crossovers are present but lack significant price action follow-through.
Source:Tradingview
Bullish Patterns Emerge in Daily Chart Structure
On the daily timeframe, Cardano recently broke out of a falling wedge pattern, commonly seen as a bullish reversal signal. Additionally, an inverse head and shoulders formation appeared, which often signals the potential for upward movement. These technical patterns suggest that ADA may be preparing for a breakout if key levels are surpassed.
Analyst Ali’s chart indicates that Cardano has been trading inside a descending channel since early 2025. The current move toward the upper channel boundary suggests renewed buying interest. ADA is now approaching a major resistance level at $0.74. A breakout beyond this point may clear the way for a rise toward $0.88. If rejected, the trend could remain trapped within the bearish structure, keeping upside capped.
Ouroboros Leios Upgrade Aims to Boost Performance
Meanwhile, Cardano founder Charles Hoskinson shared updates on an upcoming network upgrade named “Ouroboros Leios.” The update is expected to improve blockchain speed and performance, especially for DeFi and NFT usage. According to Hoskinson, the upgrade is designed to scale efficiency while preserving the network’s core security features. The new architecture is intended to handle increased demand without compromising system reliability.
As Cardano navigates technical formations and prepares for protocol upgrades, attention will likely remain on the $0.74 resistance level. Price action around this mark may determine the next direction for ADA’s medium-term trend.
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