Cardano (ADA) has drawn a cup-and-handle formation on its weekly chart, and analyst Giannis Andreou argues that the structure could carry the token 73.5% higher if a weekly close clears $0.278 and the level subsequently reconfirms as support.

According to Andreou, the projection is conditional rather than automatic: a weekly candle must first close above $0.278, and the market must then hold that level as support before the continuation implied by the pattern can come into play. Framed that way, the 73.5% figure is a scenario mapped to specific chart conditions rather than a standing forecast, and the checkpoints are whether an upcoming weekly candle closes above $0.278 and how price behaves around the level afterward.

A Continuation Pattern With Rounded Bases

The cup-and-handle is a continuation shape in technical analysis in which a rounded base — the "cup" — forms as price declines and gradually recovers, followed by a shallower downward drift — the "handle" — as selling pressure fades. The pattern was popularized by investor William O'Neil, who described it in his book How to Make Money in Stocks, and chartists have long treated a confirmed close above the handle's resistance as the classic trigger for continuation setups. Because the trigger here is defined on the weekly timeframe, confirmation hinges on weekly candle closes rather than intraday movement, and targets of this kind are scenario projections drawn from chart structure rather than fundamentals — a reason practitioners typically stress confirmation before treating a pattern as active.

Background on Cardano

Cardano is a proof-of-stake blockchain platform founded by Charles Hoskinson, a co-founder of Ethereum. Its native token, ADA, is named after the 19th-century mathematician Ada Lovelace and has historically ranked among the largest digital assets by market capitalization.

Source and Attribution

The analysis was first published on COINOTAG on October 18, 2026: https://en.coinotag.com/cardano-ada-cup-and-handle-73-5-target-0-278-weekly-breakout