Cardano has staged a decisive breakout above the multi-month triangle structure, lifting Cardano price today to $0.9990 with a 10.45% daily gain. This marks ADA’s highest close since early February and comes with a notable surge in derivatives activity, reinforcing the bullish momentum. Traders are now eyeing the $1.0136 Fibonacci level as the next major test.

What’s Happening With Cardano’s Price?

The daily chart shows ADA breaking above the descending triangle resistance that has capped upside since late 2024. Price surged from the $0.76 pivot area and sliced through layered supply zones between $0.85 and $0.90 before tagging the psychological $1.00 mark. This rally also cleared a “weak high” liquidity level, signaling a shift in market structure.

Smart Money Concepts indicate multiple Break of Structure (BOS) confirmations during the run-up, with the most recent occurring as ADA breached $0.90. The move is supported by increased volume and a clean series of higher highs and higher lows since mid-July. The nearest strong low remains at $0.70, highlighting the streng…

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