Cardano’s 3-Year Coil Is About to Snap, Says Top Chartist

  • $ADA has been compressing in a 3-year symmetrical triangle with $0.44 as decisive resistance.
  • Analyst Mr Brownstone expects an imminent breakout and push into the $0.72–$1.00 zone within weeks.
  • Ultimate measured move targets $1.80+ before a deeper Q1 2026 correction.

Cardano ($ADA) just received one of the loudest bullish endorsements of the cycle. Veteran trader Mr Brownstone (@GunsRoses1987), known for nailing the 2021 $3 top and the 2022–2025 bottom range, declared that “$0.44 has been acting as resistance” but the setup is now primed for a violent breakout.

His latest chart shows $ADA finishing a textbook multi-year symmetrical triangle that began crumbling after the 2021 all-time high. Price has repeatedly tagged the lower trendline near $0.20–$0.25 while repeatedly rejecting the upper resistance around $0.44. Volume has contracted to its lowest levels since 2020, and RSI is resetting at the same oversold zone that preceded the 2020–2021 60x moonshot.

Brownstone’s roadmap is crystal clear: break and weekly close above $0.44 triggers an immediate move into the $0.72 range (the 1.618 Fib extension of the triangle height), followed by the psychological $1.00 mark over the next 2–3 weeks. From there, the measured move of the entire formation points to $1.80–$1.88 before profit-taking arrives. On-chain data is singing the same tune. Exchange balances of ADA have dropped 28% since July, staking participation sits at an all-time high of 68.4%, and the Chang hard fork has finally delivered on-chain governance plus massively improved smart-contract throughput. Hydra Layer-2 heads are already live, promising Visa-level scaling in Q1 2026—perfect timing for capital rotation once Bitcoin dominance peaks. Community sentiment flipped overnight. “If Brownstone is right, ADA is about to do what SOL did in 2023,” became the top reply under the tweet.

Risks remain—Bitcoin breaking $100k too aggressively could delay alt flows—but the structure is undeniably one of the cleanest in the market. Three years of pain, compression, and accumulation are reaching their climax.$0.44 is the line in the sand. A decisive weekly close above it would invalidate every bear case left standing. When a trader who called both the top and bottom of the last cycle says the bottom is complete and the next leg is loading, history says you pay attention.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.

Hot this week

Ethereum Price Action Shows Compression at 2018 Support Level

ETH/BTC remains at the key 2018 support level, showing...

Polygon (POL) Targets $0.098 as Price Hits Key Fibonacci Levels

Polygon’s price is expected to reach $0.098, with Fibonacci...

Bitcoin Price Could Reach $90,900 if $88,800 Support Holds Firm

Bitcoin could reach $90,900 if $88,800 support level holds...

Is a Major Altcoin Surge Coming with the Breakout of Falling Wedge?

A massive falling wedge pattern for altcoins is nearing...

HYPE Continues Bullish Trend with Buy-the-Dip Strategy in Play

$HYPE breakout shows potential for further market movement in...

Topics

Ethereum Price Action Shows Compression at 2018 Support Level

ETH/BTC remains at the key 2018 support level, showing...

Polygon (POL) Targets $0.098 as Price Hits Key Fibonacci Levels

Polygon’s price is expected to reach $0.098, with Fibonacci...

Bitcoin Price Could Reach $90,900 if $88,800 Support Holds Firm

Bitcoin could reach $90,900 if $88,800 support level holds...

Is a Major Altcoin Surge Coming with the Breakout of Falling Wedge?

A massive falling wedge pattern for altcoins is nearing...

HYPE Continues Bullish Trend with Buy-the-Dip Strategy in Play

$HYPE breakout shows potential for further market movement in...

XRP May Surge to $200 With Strong Channel Map, EGRAG Reports

EGRAG Crypto predicts XRP could reach $200 based on...

Mesh Hits $1B Unicorn Status: A Bold Win for Crypto Payments

A $75 million Series C round led by Dragonfly...

Zcash’s $386 Pivot: A High-Octane Breakout or Bear Trap

Analyst CryptoTony highlights $386 as the "make-or-break" level; a...
spot_img

Related Articles

Popular Categories

spot_imgspot_img