Cardano (ADA) has broken out of a falling wedge pattern, signaling a potential bullish reversal. Historically, such breakouts often lead to upward momentum, suggesting that ADA may see price increases soon as selling pressure eases and buyers return.

ADA is now in a retest phase, where the price is slightly pulling back to confirm the breakout. If the retest holds, it could drive the price toward the key resistance level of $0.380. A failure to hold support might lead to further price consolidation.

Large transactions have dropped to 3,000, down from 4,770 on October 1, indicating reduced whale activity. ADA’s network activity also declined, with new and active addresses down over the past week.