ADA is about to break out! Cup and handle pattern completed + $71 million upgrade implemented, analysts are bullish to $4 | Cardano price prediction

Cardano (ADA) has risen 3.5% against the trend in the past 24 hours, currently priced at $0.7513. Multiple pieces of favourable information have ignited market enthusiasm: the Midnight protocol airdrop is entering the countdown (with 24 billion tokens about to be distributed), the community voted to approve a $71 million network upgrade budget, and on-chain data shows signs of institutional accumulation. The technical aspect also presents significant signals—the three-year "cup and handle pattern" is nearing completion, and breaking the $0.93 neckline may trigger a big pump, with mid to long-term targets aimed at $4.

[Technical Breakthrough Critical Point: Three-Year Cup and Handle Pattern Approaching Formation] Analyst Smith from platform X pointed out that the long-term Cup and Handle pattern that ADA has been building since 2022 is nearing completion. The current key resistance range is between $0.90 and $0.93. Once it breaks through the neckline resistance level with significant volume, it could trigger a rapid price surge, with a theoretical target of $4.00.

Over the past year, the price of ADA has been fluctuating within a narrow range of $0.60 to $0.90, forming a solid bottom support zone. This continued "horizontal accumulation" effectively digested the market's floating supply, while clearing out the weaker hands and accumulating energy for a breakout. If the neckline confirms the breakout, short-term traders are likely to enter and chase the rise, further increasing buying pressure. The classic cup and handle pattern combined with volume validation often indicates the start of a long-term trend.

【Daily arc bottom forming, indicator resonance strengthens bullish outlook】 From the daily chart observation, ADA is rebounding from the support level of $0.6943 and is currently forming the right half of a Rounded Bottom. The price is approaching the core resistance zone of $0.85-$0.93, which closely aligns with the neckline height of the cup and handle pattern, becoming a battleground for bulls and bears.

Stochastic Relative Strength Index (Stochastic RSI) issues a coordinated bullish signal: its fast line has crossed above the slow line from the oversold area, forming a golden cross. If such a phenomenon occurs near key structural support levels, it is often seen as an early sign of trend reversal.

Bulls need to maintain pressure and be accompanied by increased volume to effectively break through the neckline in the near term. Conversely, if the volume is insufficient, ADA may continue to oscillate, delaying the breakthrough opportunity.

[Three Favorable Information Ignite Expectations: Airdrop + Upgrade + On-chain Movement] 1. Midnight Airdrop Reaches Climax: The 24 billion NIGHT Token Airdrop of the Cardano ecosystem privacy protocol Midnight has attracted the attention of the entire community. Of this, 50% will be distributed to holders at the ratio of 1 ADA = 0.34 NIGHT, with over a million wallets eligible to receive it, making it one of the most anticipated airdrops of the year.

2. $71 million upgrade implementation: The $71 million treasury fund approved by community voting will be used to comprehensively enhance network performance, with a focus on expanding transaction throughput, optimizing cross-chain compatibility, and upgrading developer infrastructure, laying the foundation for the long-term value of the ecosystem.

3. On-chain Data Verification Heat: According to Santiment monitoring, ADA market attention has significantly risen:

• Open Interest has rebounded to $215 million, indicating that traders are actively accumulating positions.
• Social Dominance rose to 1.65%, indicating that ADA has regained its central position in community discussions. Major events overlapping drive capital focus. If technical resistance is broken at this time, it can easily trigger Follow-Through buying, boosting the rise.

Conclusion: ADA is at a critical crossroads for trend reversal. The technical breakout of the cup and handle pattern that has lasted for three years is imminent, with the $0.93 neckline becoming the frontline for the bulls and bears. Once this level is broken with increased volume, the short-term target is set at $1.15, while the explosive potential inherent in this historical pattern anchors the medium to long-term target at $4. The fundamental expectation of an airdrop ignites enthusiasm for holding coins, and massive upgrade funds solidify the foundation for growth. On-chain data reveals traces of institutional layouts—under the favorable timing and conditions, Cardano may welcome a new wave of value discovery.