Cardano Cup and Handle Pattern Eyes $4 Target as Whale Accumulation Ends

• Cardano approaches $0.92 breakout level with cup and handle formation complete
• Crypto Smith notes whale accumulation phase finished after two-year cycle
• Pattern projects 4x gain targeting $4+ levels beyond conventional methods

Cardano has formed a textbook cup and handle pattern on long-term charts, with analyst Crypto Smith identifying the completion of whale accumulation phases.

The technical formation spans from ADA’s $3.10 peak in late 2021 through its $0.24 bottom in December 2022, creating the cup structure.

Current price action shows ADA trading at $0.75 following an 12% weekly decline, though monthly gains remain at 37.7%. The cryptocurrency approaches the critical $0.92 resistance level that forms the cup’s rim and represents the key breakout threshold.

Cardano Breakout Level Could Trigger Major Rally Phase

The cup formation’s base held steady throughout 2023 and early 2024, creating an extended accumulation zone between $0.25 and $0.50. This sideways trading period typically indicates large investor positioning before major price movements.

Smith’s analysis suggests whale accumulation has concluded, positioning Cardano for an imminent breakout attempt. The completion of this accumulation phase often precedes rapid price appreciation as supply becomes concentrated among long-term holders.

Standard cup and handle calculations would target $1.59 by adding the cup’s $0.67 depth to the breakout point. However, Smith’s $4 projection extends beyond conventional methods, suggesting broader market cycle expectations drive the elevated target.

Multiple Analysts Confirm Bullish Technical Setup

Michael Pizzino has identified additional bullish patterns including a confirmed breakout from a descending trendline spanning October 2024 to August 2025. His analysis points to an inverse head-and-shoulders formation with support at $0.506.

Pizzino’s framework requires ADA to reclaim $0.95 for renewed upside momentum toward $1.00, with potential extension to $1.66 if buying pressure continues. These levels align with key resistance zones from previous market cycles.

Crypto King observes breakout formation on daily charts targeting $1.4-$1.6 ranges. The convergence of multiple technical patterns across different timeframes strengthens the bullish case for Cardano’s near-term prospects.

Josh describes Cardano as undervalued at current $0.80 levels, predicting 5x-10x returns based on fundamental development progress. His assessment considers Cardano’s expanding ecosystem and institutional partnerships.

Analysts Mintern and Tyler Burke project $11-$12 targets by 2026, reflecting multi-year cycle expectations. These projections assume continued development progress and broader cryptocurrency market expansion.