Cardano ($ADA ) Price Update – Holding Support, Eyeing $1.25 🚀
ADA continues to hold firm above its Fibonacci support zone between $0.578 – $0.688, where the recent B-wave pullback found a healthy bounce. This zone has acted as a textbook support area following the July high.
From there, price has been moving into a C-wave rally — the next major target on this structure is the 100% Fibonacci extension at $1.25. Historically, most ABC patterns reach this level before showing exhaustion, making it a critical zone to watch.
Currently, ADA is battling resistance around $0.95, a trendline it broke above recently and is now attempting to hold. If momentum continues, we could see price push toward $1.18 first, and then $1.24 – $1.25.
📊 Key Technical Levels
Support Zone: $0.578 – $0.688
Trendline Support: ~$0.95
Resistance Levels: $1.18 and $1.24 – $1.25
Micro Support: $0.852 → break could shift short-term structure
Bullish Invalidation: $0.76
🔍 Outlook
Holding above $0.95 keeps bulls in control.
$1.25 remains the primary target before a potential corrective phase.
Break below $0.76 would invalidate the immediate bullish count and signal a deeper retracement.
ADA remains in a broader uptrend, with pullbacks still seen as accumulation opportunities. The focus now is on whether the market can break through $1.18 and set up the run to $1.25.
