Cardano’s price remains bullish despite ongoing corrective moves, with $0.80 emerging as a critical high time frame support zone. Holding this level could set up a rally first to $1.19 and eventually toward $2.16.
Summary
- $0.80 Support: Critical base at 0.618 Fibonacci and moving average confluence.
- Upside Targets: $1.19 resistance next; $2.16 broader extension possible.
- Bullish Volume: Inflows suggest accumulation and continuation of higher highs/lows.
Cardano (ADA) has shown resilience in recent weeks, bouncing strongly from the $0.80 region. This level sits at the 0.618 Fibonacci retracement and aligns with the leading moving average, forming a strong technical base. While price action has yet to reclaim the value area high, the structure continues to favor the bulls as long as $0.80 remains intact. Charts signal more upside ahead as the ADA ETF approval deadline draws near.
Cardano price key technical points
- Critical $0.80 Support: Situated at the 0.618 Fibonacci flip and moving average confluence.
- Upside Targets: Next resistance sits at $1.19, with broader extension toward $2.16.
- Volume Profile: Bullish inflows confirm demand, supporting continuation of higher highs and higher lows.
Cardano’s current setup is characterized by a bullish correction rather than a breakdown. Price recently bounced from $0.80, a region that has repeatedly held over the past few weeks. This level is particularly important given its alignment with the 0.618 Fibonacci retracement, a zone that often defines whether a correction remains bullish or shifts toward deeper losses.
Although ADA has struggled to reclaim the value area high, the market structure continues to print consecutive higher highs and higher lows. This indicates that the broader bullish trend remains valid.
Cardano’s Charles Hoskinson has also highlighted the possibility of collaborating with XRP to drive DeFi expansion, adding another layer of optimism to the ecosystem. As long as the $0.80 base continues to hold, Cardano has the foundation for another upward rotation.”
The immediate target for ADA is the $1.19 resistance zone, where supply previously capped upward momentum. A successful move into this level would confirm continuation of the bullish market structure and open the door to broader expansion. Beyond this, the market has scope to push toward $2.16, an extension target that aligns with the overall bullish framework.
Volume analysis supports this bullish outlook. Recent inflows on rebounds suggest strong buying pressure, with bulls stepping in to defend critical levels. For the continuation to materialize, these bullish volume influxes need to persist, confirming accumulation rather than distribution. If volume dries up, ADA may struggle to push through major resistance zones.
What to expect in the coming price action
Cardano remains firmly bullish from technical, structural, and volume perspectives. Holding above $0.80 keeps the bullish market structure intact and allows for a rotation into $1.19 resistance. If momentum builds further, the path toward $2.16 becomes increasingly likely.
