Cardano Breakout Incoming — Cup-and-Handle May Trigger Move to $2.9 as CME Plans ADA Futures ⋆ ZyCrypto

Cardano (ADA) appears poised for a bullish breakout, forming a classic cup-and-handle pattern. A decisive move above $0.423 could trigger a rally toward $0.517, signaling renewed momentum if the handle’s rim is broken on strong volume.

Therefore, ADA is eyeing the $0.423 resistance, with a sustained break potentially confirming a cup-and-handle pattern and targeting $0.517, while trading around $0.3716 per CoinGecko data.

Meanwhile, crypto analyst Javon Marks sees ADA compressing within a long-term ascending triangle dating back to 2018. A bullish run above $0.45, he suggests, could spark a measured rally toward $2.97, implying over 680% upside from early January 2026 levels.

Conversely, CME Group, a leading global derivatives exchange, will launch fully CFTC-regulated futures on Cardano (ADA), Chainlink (LINK), and Stellar (XLM) on February 9, signaling crypto’s deeper integration into mainstream finance.

Well, CME Group will offer both standard and micro futures for each cryptocurrency, with ADA contracts covering 100,000 tokens and Micro ADA contracts covering 10,000 tokens.

This tiered approach serves institutional investors seeking large-scale exposure and retail traders seeking smaller, manageable positions. The move highlights CME’s commitment to expanding regulated crypto access while boosting market liquidity and hedging opportunities.

Therefore, the launch of regulated ADA futures could boost bullish sentiment, as increased institutional participation typically enhances liquidity, reduces volatility, and supports sustained price trends.

Coupled with a potential technical breakout, Cardano may be poised for a notable upward move. Supporting this momentum, Germany’s DZ Bank, which manages over €1.2 trillion in assets, recently received BaFin approval to offer digital asset trading via its meinKrypto platform, with Cardano among the featured cryptocurrencies.