ADAUSD – Symmetrical Triangle Points to Upside Breakout

[m_c_jacob]

As highlighted in my previous ADA analysis, I’ve maintained a bullish bias, recommending buys below 0.80 USD. Since then, price has indeed revisited the 0.80 support zone and rebounded strongly.

More importantly, since mid-August, ADA has been consolidating within a symmetrical triangle. Technically, this is a continuation pattern, and given that the broader trend from 0.50 (mid-June) has been constructive to the upside, probabilities favor an eventual bullish breakout.

Key Levels & Plan:

Bullish bias remains intact above 0.80 USD

Breakout confirmation above 0.95 USD (recent resistance)

Upside target: 1.30 USD – a reasonable and achievable objective if momentum extends

Conclusion: Until proven otherwise, ADA’s structure suggests an upside continuation once resistance gives way. A breakout above 0.95 would serve as the clear green light for further gains.

[Nahid10]

Great call Bounce from $0.80 support shows bulls still in control

[jacson4]

Upside target $1.30 makes sense Strong continuation pattern forming here.