Cardano is testing the $0.90 resistance zone, with participants eyeing a potential breakout that could fuel a push towards the $1.00 level.
Cardano price is drawing fresh attention from crypto community as its chart structure hints at a possible breakout that could lead to a strong move higher. Market watchers believe that clearing this resistance could open the door to a run towards $1.00 and higher.
Cardano Starts Next Leg Towards the Upside
Cardano is currently trading around $0.87, showing steady momentum after holding key supports over the past weeks. The price has been gradually climbing from the $0.70 region, and the chart now reflects buyers taking more control as volume continues to back the move. This steady build-up signals that bulls are preparing for another push, with $0.90 standing out as the next immediate test.
Cardano price is trading around $0.87, up 3.94% in the last 24 hours. Source: Brave New Coin
For ADA to confirm strength, a convincing close above $0.90 is needed, as that zone has capped previous breakout attempts. If bulls manage to flip it into support, momentum could carry price into higher ranges, setting up the groundwork for a more sustained rally.
Wedge Structure Targeting $0.92
Cardano has managed to break free from its falling wedge structure, a pattern that often signals trend reversals when confirmed. The move above $0.84 has added weight to the bullish case, with price now targeting the $0.90 to $0.92 zone as the next resistance cluster.
Cardano’s breakout from the falling wedge now targets the $0.90–$0.92 zone, with $1.00 emerging as the next key milestone. Source: Ali Martinez via X
Fibonacci retracements also align closely here, making this region a technical hurdle where sellers may attempt to slow momentum. Analyst Ali Martinez points out that if ADA sustains above the breakout trendline, a path towards higher retracement levels opens up, with $0.96 and $1.00 emerging as logical follow-through targets.
Cardano’s Parabolic SAR Flips Bullish
Cardano has now triggered a bullish signal on the Parabolic SAR, with dots flipping below price action for the first time in weeks. Historically, this indicator has provided strong momentum cues for ADA, with the last signal preceding a rally of over 200%. Backed by a daily close at $0.86, ADA is also trading above its short-term moving averages, showing that buyers are beginning to establish more control.
Cardano’s Parabolic SAR has flipped bullish, signaling a potential trend reversal with $1.00 back in sight. Source: TapTools via X
As long as ADA holds this structure, the signal suggests an underlying trend reversal could be forming for higher time frames now. The key test ahead is the $0.90 to $0.92 zone. Once this breaks, Cardano Price Prediction is likely to target levels well above $1.00.
Cardano Price Prediction Eyeing a 30% Move
Cardano’s bull pennant breakout comes after a few days of consolidation between $0.78 and $0.85, with ADA crypto now pushing the price back towards the $0.90 level. Historically, ADA’s last bull pennant setup triggered a 44% move higher, and the structure here suggests that similar potential remains in play for Cardano price if momentum builds.
Cardano’s bull pennant breakout hints at a possible 30% rally if momentum mirrors its past setup. Source: Lark Davis via X
Final Thoughts
Cardano’s technical picture is looking stronger with each passing day, as the breakout above the wedge and the flip of the Parabolic SAR both point to rising momentum. The $0.90 to $0.92 region remains the key battleground where bulls and bears will fight for the next move.
A sustained push here for ADA price could easily unlock the path towards the $1.00 psychological level and beyond.