The post Cardano Price Prediction: Falling Wedge Breakout Could Push ADA Towards $0.45–$0.50 Range appeared on BitcoinEthereumNews.com.

Cardano price trades near key support as whale accumulation, rising staking participation, and a falling wedge structure hint at a potential breakout towards $0.50. Cardano is starting to attract attention again as multiple data points, from on-chain accumulation to technical structure, begin to align. While price action still looks quiet on the surface, underlying metrics suggest a potential shift could be building. According to Brave New Coin data, Cardano is currently trading near $0.25, with the market still consolidating after a prolonged downtrend. Despite weak short-term structure, both staking activity and whale behavior indicate that accumulation may be taking place beneath the surface.   Cardano price is trading around $0.25, down 4.81% in the last 24 hours. Source: Brave New Coin Staking Supply Highlights Strong Long-Term Conviction One of the most notable signals comes from Cardano’s staking data. As highlighted by TapTools, nearly 58.96% of the total ADA supply is currently staked, placing Cardano among the most actively staked assets in the market.   Cardano staking participation remains elevated, with nearly 59% of ADA supply locked. Source: TapTools via X This level of staking suggests that a large portion of supply remains illiquid, reducing immediate sell pressure and supporting long-term price stability. Technical Analysis: Falling Wedge at Breakout Point From a structural perspective, Cardano price is now pressing directly against the upper boundary of the wedge, suggesting a potential breakout attempt is already underway. ADA price is holding firm above the $0.23–$0.25 support zone, while gradually grinding higher into resistance. Key levels from the chart include: Immediate support: $0.23–$0.25 Range resistance: $0.30–$0.32 Upside target: $0.45–$0.50 As highlighted by Globe of Crypto, the structure shows ADA attempting to break above wedge resistance, with the projected move targeting the $0.50 region. If this breakout holds, momentum could accelerate quickly as price exits…

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Filed under: News - @ April 7, 2026 10:17 pm