Cardano price held above $0.80 on Monday while exchange data showed a sharp increase in holdings. Analysts pointed to chart patterns that could drive prices higher if key resistance levels break.
Wallet data revealed that Coinbase ADA reserves grew from about 1.7 million to near 9.6 million tokens in recent weeks. This more than fourfold increase suggested renewed demand from larger accounts.
Analyst Mintern said reserve spikes of this scale often came before sentiment shifts when charts already showed higher-low structures. The reserve buildup happened while Cardano defended the $0.80 price level.
Traders used $0.80 as a key support line while the market compressed. Price compression often came before expansion because trading activity pooled around repeated tests of the same level.
ADA formed a broad symmetrical triangle on higher time frames. A symmetrical triangle shows converging trendlines as highs fall and lows rise.
The pattern often breaks in one direction when trading volume expands through the boundary. This structure gave traders a clear plan to follow.
Ali Martinez said the outlook stayed positive while ADA price avoided dropping below $0.80. He added that a clean break above resistance could trigger the next range expansion.
Breaking above $0.96 could propel Cardano $ADA toward $1.90. pic.twitter.com/iqhO5kyi1e
— Ali (@ali_charts) October 4, 2025
The first resistance for Cardano sits near $0.95-$0.96 where earlier rallies stopped. A daily close above that area would signal the initial break.
The next target sits at $1.02. Trader CW8900 called $1.02 the validation checkpoint.
That level matched up with several rejections from the third quarter and marked the top of a supply zone. Breaking through it would signal a shift from range-bound trading to trending movement.
Above $1.02, analysts identified layered targets. The first cluster sits around $1.30 where prior distribution formed.
The second cluster sits around $1.50, a round number that lines up with measured-move projections from the triangle. An extended target near $1.90 appears on projections that add the triangle’s height to a confirmed breakout point.
These projections provide reference points that depend on sustained volume. Below current prices, the defense zones remain clear.
Crypto analyst Javon Marks believes Cardano is following the same path it took in the last market cycle. He explains that after breaking out before, Cardano met its price targets and showed strong technical performance.
After breaking out last cycle, $ADA (Cardano) went on to meet three of its target and prices, which recently broke out again, looks to be on track to meet targets yet again.
First up is an over 221% run to ~$2.77 but, we see a run like last cycle and this could lead up to ~$7.82… https://t.co/Q4uaa5NFi2 pic.twitter.com/YfGA4w8i8o
— JAVON⚡️MARKS (@JavonTM1) October 4, 2025
According to Marks, the same pattern is repeating itself in this cycle. He states that ADA broke through key resistance levels in the last cycle and went on to meet three primary price targets.
That rally produced strong returns. Marks believes the setup on the chart today looks almost identical.
The analyst notes that ADA’s chart shows the same curved breakout formation that led to gains last time. This formation is why he believes Cardano is in the early stages of a potential rally phase.
Marks shared specific targets for where price could go next. He explains that the first primary target sits around $2.77, which would represent a gain of more than 221% from current prices.
If the same type of rally repeats, Marks projects that Cardano could climb to around $7.82. That would mean an increase of more than 800% from current levels.
He says the price action so far shows that ADA is still on track to meet targets, just as it did during the last breakout period. The market has respected the $0.80 support for Cardano repeatedly.
A deeper cushion near $0.75 backs that line if volatility increases. Loss of both levels would suggest that consolidation still controls price action.
Some technical experts read the recent drift under local highs as a bullish flag. A flag is a brief, downward-sloping consolidation after a prior advance.
It often resolves in the direction of the larger move and sets a measured target equal to the prior leg. In this case, a flag break above the upper boundary would align with the triangle outcome.
Volume behavior matters for any breakout. A valid break usually needs expanding volume and firm closes above the trigger zone.
Weak volume often produces reversals back into the range. Context from large-holder activity supports the case for a potential move higher.
The more than fourfold increase in exchange reserves suggests bigger accounts have prepared for a directional move. At the time of writing, analysts track ADA support near $0.80 and resistance around $0.96-$1.02 as the key band.
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