Cardano price is consolidating just below key resistance, with bulls eyeing a breakout above $1 as long-term accumulation strengthens its support base.
Cardano price has been quietly building strength just below the key $1 mark, where a classic cup-and-handle setup is nearly complete. Participants are eyeing this zone closely, knowing that a confirmed breakout could quickly shift momentum in favor of the bulls.
Cardano Price Prediction: Cup and Handle Targets $1
Cardano price is shaping a classic cup and handle continuation pattern on the charts, a formation that often signals sustained bullish momentum once the handle completes. Price is currently hovering near $0.88 to $0.89, consolidating after a steady climb.
Analyst Mr Banana highlights that the neckline sits around the $0.90 to $0.92 zone, making it the critical resistance level to watch for a decisive breakout.
Cardano price consolidates below the $0.92 neckline as traders eye a potential breakout towards the $1 mark. Source: Mr Banana via X
From a technical standpoint, holding above $0.85 support keeps the structure intact, while volume confirmation on a break through $1.00 would validate the pattern’s projected move. The measured objective points towards levels around $1.10 as the target levels.
Cardano Holders Increase Accumulation
Cardano’s on-chain picture is showing similar signs of strength as technicals. There is a steady accumulation ongoing as long-term holders continue to expand their share while the short-term supply keeps thinning. Analyst Kamil Shaheen points to the top 100 wallets quietly regaining control.
Cardano’s top 100 wallets are steadily increasing their holdings. Source: Kamil Shaheen via X
The chart highlights this trend clearly, suggesting that smart money positioning could be setting the stage for a more stable base.
This kind of accumulation has historically aligned with stronger moves when market conditions turn favorable. As Cardano price consolidates, the increasing dominance of long-term holders reduces selling pressure and adds a layer of resilience to price action. While not a guarantee of immediate upside, the gradual transfer of supply into stronger hands provides a bullish outlook for Cardano.
Cardano Price Support and Resistance Levels
Cardano price is holding firm at the $0.87 to $0.88 support zone, where both the horizontal structure and the EMA band are providing a cushion after the recent breakout. Crypto analyst Umang Gupta highlights that ADA already swept stops below before reclaiming higher ground, leaving behind a stronger base. The ascending trendline from early September also aligns with this level, reinforcing the setup as long as the price holds above it.
Cardano price defends the $0.87–$0.88 support zone. Source: Umang Gupta via X
On the upside, the immediate resistance sits around $0.92 to $0.94, with the neckline breakout above $1.00 still acting as the major target highlighted earlier. RSI remains neutral but tilted upward, leaving space for momentum to expand if buyers push past nearby resistance. Should ADA maintain support here, it keeps the broader bullish structure intact and strengthens the outlook for a positive Cardano Price Prediction.
Cardano Longs Outperform as Shorts Struggle
Cardano’s technical picture has already shown strength through the cup and handle formation and the steady accumulation by top holders, while price has held firm around the $0.87 to $0.88 support zone. The latest positioning data now adds another layer of confirmation, with TapTools reporting a $4.45M long position up $707K (+15.9%) while an open short is struggling with being down by $645K (-20%).
The balance between longs and shorts is tilting heavily in favor of bulls, echoing the resilience ADA has displayed across recent setups.
Cardano longs gain nearly 16% in profits while shorts face steep losses, reinforcing bullish momentum at key resistance levels. Source: TapTools via X
This shift comes as ADA continues to test the $0.92 to $0.94 resistance range, where a breakout would likely pressure shorts even further. The combination of technical resilience, on-chain conviction, and now leveraged positioning suggests that momentum remains aligned with buyers.
Final Thoughts
Cardano price outlook remains very balanced, with both technical setups and on-chain accumulation pointing towards a potential breakout. The cup and handle formation, combined with strong defense of the $0.87 to $0.88 support, gives ADA bulls a clear structure to lean on. At the same time, the heavy long positioning and growing dominance of long-term holders reduce downside risk and provide a firm base for further momentum.
If price clears the $0.92 to $0.94 resistance zone and finally pushes above $1.00, the next leg towards $1.10 could unfold with conviction.
