Cardano (ADA) Forms Cup-and-Handle Pattern Targeting $0.51
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 16 2026- Technical Pattern Analysis: Cardano is displaying a cup-and-handle formation on four-hour charts, with a potential price target of $0.51 if the $0.423 level is cleared, although a 6% pullback to $0.3969 on Thursday complicates the technical setup.
- Key Support Level: Analysts highlight that $0.423 is the handle level that must be broken to confirm the pattern, as ADA tested the $0.42 range twice on January 14 but failed to hold, falling back to the $0.40 support zone, indicating market uncertainty.
- Market Correlation: ADA's price movement closely tracks Bitcoin, which briefly reclaimed $97,000, helping Cardano touch $0.45, demonstrating the influence of overall market sentiment on altcoin performance.
- Privacy Chain Boost: The recent surge of Cardano's privacy-focused sidechain Midnight, with its native token NIGHT increasing by 200%, has attracted both retail and institutional interest, further enhancing ADA's market appeal.
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.
