Cardano’s price structure remains intact above its 50-week EMA and trendline, reflecting stable support through recent consolidation phases.
Technical analysis suggests a 666% rally toward $5.35 as ADA follows its past Fibonacci-driven bull cycle pattern from earlier market phases.
ADA’s ecosystem expands with Cardinal protocol, enabling BTC staking and lending, boosting Cardano’s utility in decentralized finance environments.
Cardano (ADA) is currently trading near $0.6903, building a steady base above crucial technical levels. The asset shows structural similarities to its previous bull cycle, with analysts eyeing a potential move toward the $5.35 zone.
Fibonacci Levels Signal Upside Potential
Cardano is holding above a rising trendline that has guided price action since April 2025. This trendline, combined with support from the 50-week Exponential Moving Average (EMA) at $0.6767, has allowed ADA to maintain a bullish structure amid consolidation.
Crypto analyst Javonmarks stated that ADA’s current setup reflects its previous bull cycle, where the asset followed a similar pattern before a large breakout. He pointed to the 1.272 Fibonacci extension level, currently aligning with the $5.35 mark, as a possible target. According to his estimate, ADA could deliver a +666% move from current prices if the pattern repeats.
https://twitter.com/JavonTM1/status/1932109937166983437
The alignment of the Fibonacci structure with prior market behavior adds weight to this forecast, as historical moves have often respected these key levels. Traders are closely watching whether ADA can surpass the $0.75 resistance to validate the next leg upward.
Technical Structure Shows Strength at Key Levels
ADA’s weekly chart reflects consolidation after a significant rally and retracement, with buyers stepping in near dynamic support levels. The ascending trendline has consistently provided higher lows, reinforcing a constructive pattern for continuation.
Source: TradingView
Above the $0.6767 EMA, ADA has managed to stay within a supportive zone that traders often associate with trend strength. The 50-week EMA has historically served as a reliable barometer of bullish and bearish territory on longer timeframes.
With the price action compressing and volume beginning to rise, ADA remains in a technical zone where a breakout above $0.75 could attract renewed buying pressure.
Broader Ecosystem Developments Boost Sentiment
While Fibonacci projections provide a technical roadmap, ecosystem growth is also adding to ADA’s outlook. The introduction of Cardinal, a Bitcoin DeFi protocol on Cardano, was recently announced by Charles Hoskinson as shared by Coin Bureau.
https://twitter.com/coinbureau/status/1932321543306068061
Cardinal enables BTC staking and lending on Cardano without custody, also allowing Bitcoin Ordinals to be used as collateral. This expands Cardano’s reach in DeFi and supports cross-chain functionality, factors that could influence long-term value.
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