Usman Salis
Cardano's native token has delivered what traders were waiting for - a clean breakout from weeks of sideways action. But the weekend timing has smart money staying cautious.
Cardano (ADA) Price Breaks Triangle Formation
ADA finally escaped its consolidation triangle on the 4-hour chart, currently trading at $0.972 after hitting intraday highs of $0.979. Support is holding at $0.952, with the bulls clearly in control.
The breakout looks textbook, with ADA punching through upper trendline resistance after weeks of being trapped in a narrowing range. Technical analysts are eyeing the $1.00 psychological level next, with projections pointing toward $1.05 if momentum continues.
An X post highlighting the move shows the clean break above resistance that many traders anticipated. The chart pattern suggests this could be the start of something bigger.
Weekend Volume Creates ADA Price Uncertainty
The problem? This breakout happened during weekend trading, when volume is typically thin and liquidity reduced. That's a recipe for false signals.
The trader who shared the breakout chart warned: "Be careful tho, it's weekend and low volume." Weekend moves in crypto are notoriously unreliable without institutional participation.
For ADA's bullish case to stick, traders need volume confirmation in coming days. Key support sits at $0.950 - if ADA can't hold above this level, the weekend breakout becomes just market noise.
A sustained move above $0.972 with proper volume could push ADA toward $1.00-$1.05 resistance. Until then, smart money keeps stops tight.
Usman Salis
