Cardano price (ADA) trades around $0.87 and shows short-term upside if the $0.82–$0.85 base holds; daily Bollinger Bands place immediate resistance near $0.85, while a weekly breakout above $0.96 would signal a sustained bullish reversal.
$0.82–$0.85 is the short-term base; holds = higher probability to $0.90–$0.94.
$0.85 acts as daily resistance per Bollinger Bands; failure risks a dip to $0.76–$0.82.
Weekly confirmation requires a close above $0.96; until then momentum is mixed.
Cardano price analysis: ADA near $0.87 — read key levels, short- and long-term scenarios, and what confirms a bullish reversal. Stay informed with COINOTAG analysis.
What is Cardano’s current price outlook?
Cardano price (ADA) currently trades close to $0.87 with mixed signals across time frames. Short-term charts (4H/12H) show a clear base at $0.82–$0.85, suggesting a near-term rally toward $0.90–$0.94 if that zone holds, while the daily chart places resistance at the $0.85 midpoint.
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On 4-hour and 12-hour charts, ADA has repeatedly bounced from $0.82–$0.85, forming a short-term base. This supports a tactical long bias toward $0.90 and an intraday target near $0.94 if momentum continues.
On the daily chart, Bollinger Bands indicate the $0.85 midpoint acting as resistance rather than support. The upper band near $0.98 has not been tested since early August, making the daily structure relatively heavy and increasing the risk of a pullback to $0.82 or $0.76 if $0.85 fails.
The weekly chart centers on $0.96 as a key threshold. ADA has been capped below this level for months. A decisive weekly close above $0.96 would signal a reversal of the longer-term trend and increase the likelihood of follow-through buying. Until then, weekly momentum remains under pressure.
If ADA cannot sustain support at $0.82–$0.85, expect the next support test near $0.82 and then $0.76. These levels are relevant for risk management: traders should consider reducing exposure or using tighter stops below $0.82 to limit downside.
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Source: https://en.coinotag.com/cardano-could-rally-to-0-90-0-94-if-0-85-holds-while-a-0-96-weekly-break-might-signal-reversal/