Cardano (ADA) is on the cusp of a potential breakout, supported by a consolidation phase indicating upward momentum. Investor sentiment remains bullish, with a growing influx of funds into Cardano suggesting a potential surge in the cryptocurrency's price.

Recent data on Mean Coin Age indicates that long-term holders (LTHs) are holding onto their ADA investments, indicating strong support for Cardano. This trend is essential as LTHs are considered the backbone of the asset, reflecting their belief in ADA's future price appreciation.

The constrained supply of ADA due to LTHs holding onto their coins could lead to upward pressure on the price, laying the foundation for a breakout. Additionally, technical indicators such as the Chaikin Money Flow (CMF) point towards a positive momentum in Cardano's macro outlook.

The current breakout from a descending wedge pattern suggests a potential 26% rally for Cardano towards $0.99. To sustain this bullish trend, ADA needs to surpass and hold $0.85 as a support level, signaling investor confidence and paving the way for further price appreciation.

Maintaining the support levels at $0.77 is crucial to sustain the upward momentum, while a failure to do so could lead to a price decline. Monitoring these key levels is essential for ADA holders to validate the anticipated price rally and breakout pattern. With favorable market conditions and growing investor interest, Cardano is well-positioned for a potential surge in its price.