- Cardano’s symmetrical triangle pattern could lead to major price appreciation or downside risk
- Whale activity and broader market trends will shape Altcoin’s next price action
Cardano [ADA] is on a pivotal June, with its price movement narrowing into a symmetrical triangle pattern – one that often precedes a major breakout. This period of consolidation has caught the attention of market watchers, who predict a potential 40% price increase if momentum shifts to upside.
While the pattern leaves room for both bullish and bearish scenarios, the tighter range seemed to indicate that increased volatility may be imminent. With ADA’s next move likely to set the tone for its short- to medium-term trajectory, the market is closely watched for signs of a decisive breakout.
Why symmetrical triangles often precede price breakouts
Symmetrical triangles form when an asset’s price consolidates on the charts, creating lower highs and higher lows. This pattern reflects an equilibrium between buyers and sellers, gradually narrowing the range until a breakout occurs.
Symmetrical triangles do not inherently signal direction, but often precede sharp price movements due to the build-up of market pressure.
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Popular analyst Ali Martinez marked ADA’s price action within such a triangle, with the support near $0.83 and resistance around $1.06.
The long-term consolidation seemed to conform to historical precedents, one where the breakout direction usually matches the prevailing trend. Given ADA’s stance, the market is now waiting for a violation of both boundaries. This could cause a 40% move towards the breakout.
Price analysis and impact of whaling activity
Source: TradingView
ADA’s press time price action appeared to be hovering around $0.97 – maintaining a delicate balance between the $0.83 support and $1.06 resistance levels. The symmetrical triangle pattern underlined indecisiveness, with volatility likely to erupt on the breakout.
Source: Santiment
Whale activity has been crucialwith on-chain data showing more than 180 million ADA sold by major holders last week. This sell-off may have put downward pressure on ADA, bringing its upside momentum close to $1.06. Consistent outflows from portfolios exceeding $1 million have also hinted at waning confidence among large investors.
If this trend continues, it could trigger a bearish breakdown below the $0.83 support. Conversely, a sell-off stop could restore bullish sentiment and reinforce a push above $1.06.
Read Cardanos [ADA] Price forecast 2025–2026
What could impact ADA’s price in the coming weeks?
Cardano’s price trajectory depends on the resolution of its symmetrical triangle pattern. A bullish breakout above $1.06 could pave the way for a 40% surge, potentially drawing renewed interest from retail and institutional investors.
Key drivers for this scenario include reduced whale sales, increased activity on chains and broader market optimism.
On the other hand, a breach below the $0.83 support could lead to significant downside risks. Continued whale outflows and weak market sentiment could intensify selling pressure, pushing ADA to lower levels. Furthermore, external factors such as general macroeconomic uncertainty and Bitcoin’s price movement are likely to play a crucial role in determining ADA’s path.
