- Cardano (ADA) is trading within the critical $0.75–$1.25 support zone, showing steady accumulation.
- ADA is currently testing $0.83 resistance; a confirmed breakout could target $0.865, $0.89, and $0.92.
- A descending wedge pattern on the 4-hour chart suggests a high probability of bullish continuation.
- Failure to clear $0.83 could send ADA back to $0.60–$0.75, considered the optimal buy zone for risk-managed entries.
- ADA is trading above the 7, 25, and 99-week moving averages, signaling long-term momentum recovery.
Cardano Holds Strong as $0.83 Resistance Comes Into Focus
Cardano (ADA) is holding steady between $0.75 and $1.25, a range that has historically acted as a strong accumulation zone since ADA’s 2021 peak near $3. Currently priced at $0.82, ADA is retesting the $0.83 resistance, where a decisive breakout could spark fresh bullish momentum.
Also Read: Cardano Nears 3-Hour Golden Cross: Will ADA Break Above $0.90 Resistance?
The price action is supported by a descending wedge formation on the 4-hour chart, a technical pattern that often precedes upside moves. If ADA breaks above $0.83 with volume confirmation, the next short-term price targets sit at $0.865, $0.89, and $0.92.
What’s Driving ADA’s Price Right Now?
Several factors are reinforcing ADA’s bullish setup:
- Steady accumulation within the $0.75–$1.25 zone.
- Rising volume during upward moves, reflecting growing buyer conviction.
- Bullish technical setup via the descending wedge pattern.
- Trading above key moving averages, including the 7, 25, and 99-week levels, showing long-term structural recovery.
This combination highlights market resilience, even amid recent minor dips of 0.82% daily and 1.27% weekly.
Why the $0.75–$1.25 Zone Matters for Cardano
The $0.75–$1.25 accumulation zone has been pivotal since 2022, as both retail and institutional investors consistently accumulated ADA here. This zone has repeatedly acted as a safety net, with bounces confirming strong demand.
A deeper green demand zone sits at $0.60–$0.75, representing the best low-risk entry for traders eyeing long-term accumulation opportunities.
Breakout or Pullback? Key Levels to Watch
- Bullish confirmation: A daily close above $0.83 with strong follow-through volume.
- Upside targets: $0.865 → $0.89 → $0.92.
- Bearish scenario: A rejection at $0.83 could send ADA back to $0.78 or deeper into the $0.60–$0.75 accumulation zone.
- Invalidation: Breakdown below $0.75 on high volume may push ADA toward $0.60–$0.65.
Indicators like MACD and RSI currently show neutral-to-bullish signals, suggesting a decisive move is imminent.
Where Is the Optimal Buy Zone for ADA?
For risk-managed entries, the $0.60–$0.75 demand zone remains the preferred buy area. This level has shown strong historical accumulation, making it attractive for both short-term traders and long-term holders.
Cardano Nears a Critical Decision Point
Cardano (ADA) is at a tipping point as it tests $0.83 resistance. A breakout above this level could confirm a bullish continuation toward $0.92, while failure to clear resistance risks a pullback to safer buy zones. With ADA trading above major moving averages and supported by accumulation patterns, the market appears poised for its next significant move.