Cardano price is showing renewed strength, trading near key resistance with growing volume as participants watch for confirmation of a sustained bullish breakout.
Cardano’s recent upswing has sparked fresh optimism across the market, with ADA Cardano price climbing nearly 5% in a single day and daily volumes surging past $1.1 billion. The move not only signals renewed trader confidence but also hints at a potential trend reversal.
Cardano Price Showing Good Momentum
Cardano continues to strengthen, with its current price at $0.69, up 4.8% over the last 24 hours. The daily volume has surpassed $1.12 billion, reflecting an uptick in market participation and growing investor confidence. ADA’s market cap now stands above $25 billion, placing it comfortably in the top 15 assets by size.
Cardano price is trading around $0.69, up 4.80% in the last 24 hours. Source: Brave New Coin
From a technical perspective, ADA’s intraday chart highlights a steady sequence of higher lows since mid-October, signaling sustained buying interest. The short-term resistance is near $0.71, while support has formed around $0.66 to $0.67. A confirmed breakout above the $0.71 zone could invite acceleration towards $0.78, aligning with Fibonacci expansion levels.
Trendline Break Adds Strength to Cardano Price Structure
Cardano price has officially confirmed a trend reversal after breaking above its multi-day descending trendline, forming a new local high. Sssebi’s analysis shows a clear inverse head-and-shoulders structure, with neckline confirmation near $0.66, validating the bullish shift.
Cardano price confirms a bullish trendline breakout, signaling renewed momentum and potential continuation toward the $0.75 range. Source: Sssebi via X
The RSI is trending above 60, showing solid momentum without yet breaching overbought territory, a healthy indicator for potential continuation. The next resistance sits around $0.71, while a controlled retest towards $0.66 to $0.67 would serve as a constructive pullback before another rally leg. If ADA Cardano price holds this structure, it could sustain a broader uptrend into the $0.75 range over the next sessions.
Short-Term Retest Could Strengthen the Bullish Setup
Following a strong breakout confirmation, Chill Guy’s chart points to a brief consolidation or retest near $0.66, aligning with prior breakout resistance. Such retests are typical before continuation and can help reinforce structural stability for the next upward move.
ADA shows signs of healthy consolidation after breakout, with a potential 10–12% upside if momentum resumes. Source: Chill Guy via X
The measured target for this breakout sits between $0.74 and $0.77, marking a potential 10–12% upside if volume follows through. A sustained close above $0.70 would confirm momentum resumption, while holding above $0.65 keeps the bullish case intact. Despite possible intraday dips, the larger picture suggests ADA’s trend remains firmly constructive.
Cardano Price Prediction: Uptrend Remains Intact
Charting Guy’s macro view underlines that ADA continues to form a higher high (HH) and higher low (HL) pattern, the hallmark of a healthy uptrend. Each major correction since 2023 has produced a new base higher than the last, confirming long-term accumulation.
ADA maintains a strong higher-high and higher-low structure, signaling that its long-term bullish trend remains firmly in place. Source: Charting Guy via X
The current structure is breaking out of a multi-month descending channel, similar to setups that preceded ADA’s previous bull runs. If momentum persists, the next significant resistance zones lie near $1.10 to $1.30, followed by a broader macro target around $2.00 to $2.40. As long as the price remains above $0.60, the Cardano Price Prediction remains firmly bullish.
Final Thoughts: ADA’s Bullish Structure Strengthens
Cardano’s recovery is becoming more technically supported, with consistent volume growth, positive RSI divergence, and clean structural breakouts across multiple timeframes.
Holding the $0.66 to $0.68 range remains critical for sustaining momentum, while a close above $0.71 would likely trigger renewed upside pressure towards $0.80 and beyond. Overall, market behavior reflects growing confidence and sets the stage for a potential bullish Cardano price prediction.