Crypto Banter Predicts When Cardano Would Break Out to $0.60

A recent analysis has identified that Cardano is trending within a descending wedge, and a breakout could take the altcoin to $0.60.

Specifically, Crypto Banter’s Sheldon shared this Cardano (ADA) price analysis in a recent YouTube livestream. The analysis projected when ADA could break out of its current descending wedge to target higher prices.

Cardano In a Descending Wedge

Sheldon analyzed the 1-week ADA/USDT chart and highlighted the asset’s trend within a “very good” descending wedge. The structure’s lower support began forming from the October 10 crash low of $0.27. Meanwhile, the upper resistance started to take shape after the early December high of $0.48.

Cardano has persistently slid lower within this wedge, shuffling between the descending upper and lower boundaries. Notably, the lower support provided a strong cushion during its recent multi-year level retest. For context, ADA dropped to 2020 lows of $0.138 in June as bearish pressure intensified.

However, the wedge’s support stood strong again, sparking a 27% rebound to its current price at $0.175. Currently, the altcoin is nearing the upper resistance of the multi-month wedge.

Cardano Breakout Targets $0.5-$0.6

Notably, Sheldon highlighted $0.20 as a key level to watch if the recent resurgence persists. According to him, reclaiming and trading above this region is key. Notably, it confirms a breakout from the current wedge. From here, reclaiming levels above $0.20 requires at least a 14% increase from the current market price.

When this does happen, the analyst predicted a nice move towards the $0.50-$0.60 region, representing a 186% to 243% growth from the current price. The target aligns with price levels last seen in November 2025.

Sheldon went a step further to predict when this breakout could occur. Although ADA seems to be regaining bullish momentum, he sees the descending wedge trapping the altcoin until around September this year. This aligns with the strengthening narrative that the broader crypto market would start to sustainably recover in the last quarter of 2026.

Meanwhile, Sheldon sees the current Cardano price level appealing. He noted that it is a “good trade coming on Cardano,” particularly if it starts to move towards $0.20.

Short-Term ADA Target Is $0.25

In a separate analysis, Cardano SPO Ssebi identified an inverse head-and-shoulders pattern on the daily timeframe. The left shoulder formed at the June 6 low of $0.148, the head at $0.138 on June 25, and the right shoulder at $0.155 on July 13.

According to the analyst, the target for this setup is $0.25, representing a 43% increase from the current market price.

Notably, the bullish development hinges on Cardano continuing to trend upward and avoiding a break below levels around the right shoulder. This means that a daily close below $0.155 could invalidate this pattern.