Cardano Primed for $1.66 Surge as Analysts Confirm Bullish Breakout

Cardano's ADA shakes off the crypto winter blues as technical analysts spot a decisive breakout pattern.

Price targets now in sight: The smart contract token could rally toward $1.66 if bullish momentum holds—proving once again that in crypto, 'technical analysis' is just astrology for finance bros.

Key levels to watch: The breakout confirms growing institutional interest in proof-of-stake assets, though skeptics note the entire move could evaporate faster than a DeFi rug pull.

Market pulse: While Bitcoin dominates headlines, Cardano's quiet infrastructure upgrades position it as a dark horse in the race for blockchain scalability.

Gw pMU0bUAINUhi This resistance had defined ADA’s downtrend for months. Notably, ADA eventually formed a textbook inverse head-and-shoulders pattern, a bullish reversal signal. The breakout occurred above the triple bottom neckline at $0.506, a level now acting as solid support. Price Holds Near $0.80, Analyst Bullish on $1.66 As of this press time, cardano is trading at $0.8023, down 5% over the past 24 hours and 7.7% in the past week. Despite the pullback, ADA remains up 42.7% in the past month, signaling sustained bullish momentum. ADA reached a high of $0.92966 on July 21 before retracing to its current range. The area between $0.8045 and $0.8246 now serves as immediate resistance.  A break above this range could lead to a move toward the psychological $1.00 mark, the value it last reached on May 5. Michael believes Cardano reaching $0.99 could retest the $1.66 level with potential for more upside movement. With the neckline at $0.506 confirmed as support, a drop below $0.506 could reintroduce downside risk, though current momentum remains above that threshold. Is Cardano Undervalued at the Current Price?  Meanwhile, crypto influencer Josh believes ADA is undervalued at its current price of $0.80. He suggests that a 5x to 10x return is more than reasonable, highlighting ADA's breakout potential as it approaches a key descending trendline resistance. 

Supporting this outlook, Token Talk noted that ADA has shown immense strength by confirming a bullish reversal pattern, specifically a classic Double Bottom formation. These technical signals suggest that ADA may be on the verge of a major upward move, positioning it as a compelling opportunity in the current market cycle. Adding to the bullish sentiment, crypto King called the ADA 1-day chart "a bliss to watch." He highlighted a key resistance level and hinted at a massive breakout on the horizon. According to him, once this level gives way, ADA could surge to at least $1.4–$1.6, with a new all-time high potentially programmed into the near future. Notably, analysts are super bullish on Cardano's long-term price action. Mintern and Tyler Burke project ADA could hit $11–$12 by 2026, citing long-term accumulation and signs of a potential parabolic breakout in the next market cycle.