Cardano (ADA) Approaches Critical Breakout Point After Multi-Year Base Formation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Price Stability: Cardano (ADA) is currently trading around $0.40 after a deep multi-year correction, stabilizing within a broad accumulation zone between $0.38 and $0.28, which has shown support through multiple market cycles, potentially laying the groundwork for future upward movement.
- Technical Analysis: Analyst Crypto Patel highlights that ADA is compressing within a symmetrical structure, resting near a long-term ascending trendline, and a breakout above the $1.00 to $1.20 range could signify a structural shift, potentially triggering a larger rally.
- Long-Term Targets: Should ADA maintain critical support, Patel outlines long-term price targets of $2.60, $5.00, and even $10.00, although achieving these will require broader market support and confirmation through volume expansion.
- Risk and Opportunity: While the upside potential for ADA is promising, Patel warns that a weekly close below $0.28 would weaken the bullish thesis, indicating a potential failure of the base, thus investors should remain patient and monitor market conditions closely.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
