Cardano Price Prediction: Oversold Indicators Spark Hopes of a Quick Bounce Toward $0.75

Cardano price is hovering above a key Fibonacci level, with cycle symmetry and growing on-chain activity hinting at a potential breakout ahead.

Cardano price is once again catching the market’s attention, not just because of price, but because of what’s happening beneath the surface. Market participants are pointing to a possible repeat of ADA’s last major cycle, with one key difference: this time, the structure looks slower but stronger.

Cardano Price Mirrors Its Previous Cycle

In a recent chart shared by renowned crypto analyst Ali Martinez, a broader, macro-level view of Cardano (ADA) is presented, highlighting striking similarities to the structure observed during its last major bull cycle. The Fibonacci overlays highlight a near-identical price rhythm, deep retracement, rounded accumulation, and then steady expansion. What’s different this time is that ADA appears to be unfolding the same pattern, just with a more gradual slope and consolidation, possibly building a stronger base.

Cardano price’s current cycle mirrors its 2021 structure, holding above the 0.618 Fib zone with potential upside ahead. Source: Ali Martinez via X

From a technical standpoint, the current level sits just above the 0.618 Fibonacci retracement zone from the previous cycle, often considered a key pivot point. If historical symmetry holds, ADA may be eyeing a move towards higher Fib levels like 1.618 and beyond.

Cardano Crosses 300,000 Smart Contracts

While price action often steals the spotlight, Cardano’s real story may be unfolding quietly on-chain. According to TapTools, ADA has now surpassed 300,000 smart contracts deployed on mainnet, a milestone that reflects continued developer engagement even during broader market consolidation.

Cardano surpasses 300,000 smart contracts, signaling strong developer activity despite market consolidation. Source: TapTools via X

This rise in on-chain development complements the technical picture laid out earlier in Ali’s cycle analysis. As Cardano price consolidates near the 0.618 Fib zone, this steady protocol growth could be laying the groundwork for future upside.

Cardano Short-Term Analysis

Following the broader macro structure highlighted in earlier charts, the latest view from ArmanShabanTrading brings attention to ADA’s more immediate price levels. The pair recently lost the $0.75 support, dipping to $0.72, with short-term momentum now tilting neutral-to-bearish. The $0.69 level becomes a key zone to monitor; if Cardano price holds above it, the price could see stabilization and a potential revisit to mid-range levels. However, a clean breakdown may accelerate the move toward the $0.61 liquidity zone.

Cardano dips below $0.75 as participants eye the $0.69 support zone for signs of short-term stabilization. Source: ArmanShabanTrading via X

With on-chain growth still accelerating and ADA still respecting higher-timeframe Fibonacci structure, this pullback doesn’t necessarily derail the bigger trend. Instead, it sets up a tighter short-term range between $0.69 and $0.75, where both bulls and bears will likely battle for directional control.

Market Sentiment Turns Cautious on Cardano

The sentiment may feel heavy, but not everything is breaking down. As The DApp Analyst notes, “The bears are out in full force,” and that’s reflected in the recent loss of short-term support. Yet when paired with the cycle-based analysis and rising smart contract deployment, this could very well be a short-term correction.

Market sentiment leans bearish, but on-chain strength suggests Cardano’s pullback may be temporary. Source: The DApp Analyst via X

Oversold Indicators Hint at Short-Term Rebound

In the midst of bearish sentiment, this chart from Crypto Analyst introduces a potential turning point for Cardano. The Stochastic RSI on the 1-hour chart is deeply oversold, curling upward from extreme lows. Coupled with the Bollinger Band compression, where Cardano price is now pushing the lower boundary, the setup suggests that a short-covering bounce or even a quick mean-reversion push toward $0.75 isn’t off the table.

Oversold RSI and Bollinger Band compression hint at a possible short-term bounce for ADA toward $0.75. Source: Crypto Analyst via X

While ADA’s higher-timeframe structure remains intact and on-chain development continues to impress, short-term trades are now hinging on how the market reacts to these oversold signals.

Final Thoughts

Cardano price may be under short-term pressure, but its broader structure and growing fundamentals suggest this could be a short-term correction. Oversold indicators like the Stochastic RSI and Bollinger Band squeeze are hinting at a possible bounce, while the price still hovers near the key 0.618 Fibonacci zone. It’s a spot where many reversals have happened before. If bulls step in soon, ADA could easily revisit the $0.75 level and reset the tone.

Meanwhile, the 300,000 smart contract milestone is a strong signal of developer commitment during a quieter market. This kind of steady on-chain progress, when paired with historical chart symmetry, keeps ADA in the conversation for a much bigger move.