Cardano Price Prediction: 14% Rally Sparks Ascending Triangle Breakout—Is $0.50 Back in Play?

Cardano price rebounds above $0.30 after a 14% surge as whale accumulation and an ascending triangle breakout hint at potential upside towards $0.36 and possibly $0.50.

Cardano price today has pushed back above the $0.30 level after gaining more than 14% in the last 24 hours, showing renewed strength across the broader altcoin market. According to Brave New Coin data, ADA is trading near $0.30 with a market capitalization of around $10.87 billion and daily volume crossing $1 billion.

The recent breakout comes after days of sideways movement and heavy accumulation, suggesting that momentum may be shifting back towards buyers.

Whale Accumulation Builds Long-Term Foundation

Despite a sharp 71% decline from $0.90 to $0.26 over the past several months, large holders have continued accumulating. According to data referenced by CoinDesk and Santiment, Cardano whales accumulated approximately 819 million ADA, worth around $213.9 million, over a six-month period.

This type of accumulation during prolonged weakness often signals strategic positioning rather than panic selling. When large wallets increase holdings during drawdowns, it typically strengthens long-term support zones and reduces available circulating supply during recovery phases.

While price action alone doesn’t confirm trend reversal, sustained whale activity often acts as a base-building phase before stronger expansions.

Ascending Triangle Structure Targets $0.34–$0.36

Technically, ADA has been forming an ascending triangle pattern, characterized by higher lows around the $0.26 trendline supports, while the price is now pressing into horizontal resistance. The key breakout zone has been sitting around the $0.30–$0.31 region.

Jesse Peralta recently noted that a clean breakout from this structure could lead to a 10–15% upside extension, placing targets near $0.34 and $0.36. Now that price has reclaimed $0.30, follow-through buying will determine whether the breakout sustains.

ADA forms an ascending triangle near $0.30 resistance, with a breakout targeting $0.34–$0.36 if follow-through buying sustains momentum. Source: Jesse Peralta via X

Holding above the former resistance zone would confirm it as new support. Failure to maintain this level could bring price back towards the $0.27–$0.28 consolidation area.

Momentum Shift and Short-Term Resistance

Short-term chart from Sssebi shows ADA attempting to form higher highs and higher lows for the first time in weeks. However, price still needs to firmly establish a structure above $0.31 to confirm a broader trend reversal.

ADA attempts to establish higher highs above $0.30–$0.31 as RSI strengthens. Source: Sssebi via X

Traders have highlighted that sustained closes above $0.30 are necessary before momentum fully shifts bullish. RSI has also been showing some positive strength, which is convincing as of now. If ADA continues setting higher highs above this region, the structure would gradually transition from corrective to recovery phase.

Regulatory Landscape and Long-Term Outlook

Beyond short-term price action, the broader regulatory backdrop continues to shape sentiment across major Layer-1 assets like Cardano. As global crypto frameworks slowly become clearer, institutional and retail confidence in established networks has gradually improved.

Cardano has not faced the same level of direct enforcement pressure as some competitors, which has allowed its ecosystem development and infrastructure growth to remain the primary narrative. This relative regulatory stability reduces uncertainty risk and supports longer-term positioning during corrective cycles.

In parallel, ADA-linked investment products have expanded in multiple regions. These increasing access points improve liquidity and market depth, which will be one of the major bullish triggers.

Final Thoughts: Can Cardano Price Push Back Towards $0.50?

Cardano is showing early signs of structural improvement as price stabilizes above key support and attempts to build momentum above the $0.30 region. Whale accumulation, improving market participation, and expanding ecosystem fundamentals provide a constructive backdrop for recovery.

Cardano price is trading around $0.30, up 14.01% in the last 24 hours. Source: Brave New Coin

For ADA to realistically target the $0.50 zone, the price must first maintain strength above $0.30 and break through intermediate resistance levels around $0.34–$0.36. Sustained higher highs and consistent volume expansion would signal that the current move is more than just a relief bounce. If support holds and momentum builds gradually, Cardano price prediction towards $0.50 becomes technically achievable over time.