Cardano Primed for Explosive Breakout: Targets $0.99, $1.14, $1.14 in Coming Rally

Cardano's technical setup screams momentum—traders are positioning for what could be the altcoin's most significant run this cycle.

Breaking Key Resistance

The ADA chart shows a textbook consolidation pattern finally giving way. Buyers flooded in after weeks of sideways action, pushing past levels that previously capped every rally attempt.

Targets Locked In

First major hurdle sits at $0.99—a psychological magnet that could trigger even more FOMO. Clearing that opens the path toward $1.14, with ambitious traders already eyeing the $1.23 zone where profit-taking tends to kick in.

Timing the Move

Volume confirms this isn't just another false breakout. Institutional flows are creeping back into crypto—though let's be real, half those 'institutions' are just degens with a corporate bank account.

Cardano Is Eying New Breakout Spots

ADA is currently trading at $0.86, maintaining the monotonic price levels and ranges for an extended period. The token is unable to break past the aforementioned levels, as elements of consolidation and bear market momentum continue to weigh the token down. However, things have now started to change as the markets are welcoming new speculations about the ETF launch, which is due for approval this year. This development could become a much-needed trigger for the token to leverage, helping it stabilize its price a bit.

Apart from that, Jonathan Carter, a leading cryptocurrency expert, has predicted a new bullish pathway for the asset. Per Carter, Cardano seems to be trapped under a descending channel for almost a year. This development may be up for a change as Carter adds a new phase for the token, which is about to begin.

Speaking about it at length, Carter adds how ADA’s consolidation is about to end, which is shaping a new bullish setup for cardano to explore. This entire setup is working towards a breakthrough price momentum, ultimately helping the token hit $1.23 in the process.

#ADA Channel Upper Resistance Under Pressure

Cardano has been trapped in a descending channel for almost a year. That's about to change

Consolidation ending + breakout setup = rally preparation mode

Short-term breakout targets are ready:
$0.99
$1.14
$1.23 pic.twitter.com/wYsPBQ2hrJ

What Does The Technical Analysis Say About The Token?

The CoinCodex ADA data mirrors Carter’s latest ADA prediction, with stats showing the asset hitting the $1 mark by mid-October.