Cardano (ADA) has climbed over 40% since early April, yet it’s now nearing a technical crossroads. A symmetrical triangle has formed on the 4-hour chart, suggesting an imminent shift in momentum. With ADA hovering around $0.66, the key question is whether buyers can overcome the $0,70 resistance and trigger the next leg upward.

Price Compression Builds Toward Key Resistance

ADA’s price is consolidating between ascending support and descending resistance–a pattern that often leads to volatile breakouts. Analysts from Token Talk and Carl Runefelt note that breaching the $0,70 level could send ADA toward $0,72-$0,77, with some projections extending to $0,7730 if bullish momentum continues.

Conversely, if buyers fail to hold support, the token could revisit $0,6280. Broader analysis from Arman Shaban points to targets at $0,75, $0,81, $0,93, and $1,05–conditional on reclaiming crucial technical zones.

Whales Accumulate as Demand Zone Holds

April saw a significant uptick in large-holder interest, with whales adding 410 million ADA to their wallets–a strong signal of growing confidence. This accumulation came as ADA bounced off a demand region near $0,50, which aligns with a bullish order block and fair value gap. These overlapping technical indicators suggest institutional activity is quietly building support beneath the surface.

Momentum Stalls Ahead of Confirmation

Despite the promising structure, ADA’s momentum has begun to cool. The token now trades below its 50-day simple moving average of $0,6704, with RSI drifting at 45.88–a neutral zone. MACD signals a bearish crossover, and a drop in open interest by 6,18% over the past 24 hours suggests reduced speculative activity.

Until ADA breaks above $0,70 with strong volume, consolidation or sideways movement remains the most likely outcome in the short term. Traders continue to monitor price action closely as volatility brews within the triangle.

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