$Cardano Holds Steady at $0.68 as Bulls Eye Break Above $0.74
Cardano (ADA) dipped 1.07% over the past 24 hours, trading at $0.6835 at press time. The price fluctuated between $0.6692 and $0.6936, reflecting short-term consolidation amid broader market uncertainty. Despite recent volatility, ADA remains 78% below its all-time high of $3.10 (Sept 2021), highlighting the challenges in sustaining a strong recovery.
Short-Term Outlook: Neutral with Key Levels in Play
Immediate Support: $0.6690
Resistance Zone: $0.6935 - $0.70
5-Minute Chart: Frequent reversals within a tight range, indicating indecision.
MACD: Flat around zero, signaling neutral momentum.
Volume: Steady but lacking strong directional conviction.
While ADA has yet to see a decisive breakout, the absence of a sharp selloff suggests underlying strength.
Bullish Signals Emerge on Higher Timeframes
Falling Wedge Breakout – A bullish reversal pattern recently confirmed on the daily chart.
Inverse Head & Shoulders – Forming, hinting at potential upward momentum if validated.
Analyst Ali notes that ADA has been confined to a descending channel since early 2025. The current push toward the upper trendline signals growing bullish interest.
Key Levels to Watch
Break above $0.74 → Opens path to $0.88 (next major resistance).
Rejection at $0.74 → Could keep ADA trapped in the bearish channel.
With mixed signals in lower timeframes but bullish patterns forming on the daily chart, ADA is at a critical juncture. A decisive move above $0.74 could ignite the next leg up.
