The price of Cardano has steadily climbed over the past week, and a clean move above $0.80 could spark a fresh rally in the coming sessions.
Cardano Price Eyes Steady Increase
ADA recently reached a high near $0.83 before entering a corrective phase. During this pullback, the price slipped below the $0.78 support zone but found a strong bid around $0.76. This area has now become a key short-term base for bulls.
Cardano Price | Source: TradingView
After forming a low near $0.760, Cardano began recovering and moved back above $0.78. The price is now consolidating near $0.79 and has cleared the 50% Fibonacci retracement level of the downward move from the $0.83 swing high to the $0.76 low.
This suggests that buyers remain active, and that market structure remains bullish.
ADA is also trading above the 100-hour simple moving average, which has started sloping upward. A bullish trend line has formed and is providing support at $0.7730 on the hourly chart of the ADA/USD pair, helping to maintain short-term momentum.
Key Resistance Zones in Sight
Cardano now faces immediate resistance at the $0.8030 level. This zone aligns with the 76.4% Fib retracement of the drop from $0.83 to $0.76 and has historically been a magnet for selling pressure. A successful break and close above this barrier could trigger a new bullish wave.
The next key resistance lies at $0.83, the recent swing high. If ADA can clear this level, price action may accelerate toward $0.86, followed by a broader move toward $0.92. That area marks a significant zone from August 2023 and could act as a temporary ceiling if reached.
If momentum sustains and market sentiment remains favorable, a run toward the $1.00 psychological level may also come into play, especially given the strong bid zones and accumulation trends observed on-chain.
Bulls Defend $0.76
Should ADA fail to hold above $0.8030, a pullback could re-test key support levels. The first area to watch is $0.7730, which is reinforced by the rising trendline. A loss of this level would put $0.7600 back in focus.
A break below $0.76 could trigger a deeper correction, potentially sending ADA toward $0.7250 or even $0.6900 if sellers gain control.
However, the prevailing trend remains bullish for now, and buyers are expected to defend these levels aggressively unless macro conditions shift.
Indicators Point to Continued Optimism
On-chain metrics support the bullish narrative. Over $930 million worth of ADA has been withdrawn from centralized exchanges since the beginning of 2025, with a surge in outflows recorded over the past two weeks. Such movements typically indicate accumulation by investors with a long-term outlook.
Market sentiment is leaning heavily bullish. Most open ADA positions on Binance futures are long, accounting for nearly 74% of the total. This suggests that traders are positioning for an upside breakout rather than a correction.
Additionally, the broader crypto Fear & Greed Index is reading at 70, signaling a state of greed. Though high greed levels can precede corrections, they also reflect strong buying interest and investor enthusiasm, particularly when backed by fundamentals and technical strength.
Volume has picked up notably during the current consolidation, a sign that traders are preparing for a decisive move. When paired with ADA’s positioning above key moving averages, this points to increasing confidence in the trend.
ADA Price Forecast: Can Bulls Target $1.00?
With ADA consolidating just below resistance and supported by strong on-chain accumulation, sentiment, and technical structure, the stage is set for a potential move above $0.80. If bulls can sustain this breakout, targets include $0.83, followed by $0.86 and $0.92.
Reclaiming $1.00 is a likely medium-term goal if the broader market remains supportive. However, a rejection at current levels would place focus back on support at $0.76. Provided that holds, bulls remain in control.
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