Cardano Cup-and-Handle Pattern Eyes 73% Rally if ADA Price Reclaims This Level

Cardano (ADA) eyes an imminent price recovery if it breaks out of a pattern on its weekly chart, according to crypto analyst Giannis Andreou. The analyst believes a cup-and-handle pattern is forming after ADA rebounded from the $0.14–$0.16 range last month and formed a rounded bottom. For the bullish outlook to be confirmed, ADA must close a weekly candle above $0.278 and successfully retest that level. According to Andreou’s chart, a confirmed breakout above $0.278 would put $0.3633 and $0.3995 in line of sight. The analyst also identified an approximate cup-depth target of $0.416, representing a potential 73.5% increase from the chart’s reference price of $0.239. A move beyond these levels could open the door to higher price targets at $0.5116, $0.8059, and $0.9601.

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