Cardano Price Prediction – Analyst Eyes 56% as Buyers Dominate

Cardano price begins the week near a critical structural zone that shaped recent four hour movements. Market participants now revisit this region after ADA price held above repeated intraday pullbacks. 

A number of charts depict evident dip absorption, and sentiment among major analysts is becoming constructively cautious. The latest on-chain indicators also record increased buy-side activity towards the lower support band. 

These signals create a compact decision area where Cardano price could stabilize before any meaningful directional shift. The following sessions thus assist in deciding whether this stabilization will become a proven short-term recovery.

Analyst Maps a Clear 56% Upside Window for Cardano Price

Analyst Faibik highlights a descending resistance line that restricted ADA price rallies throughout the recent downtrend. His chart shows a compression period of several weeks during which the price is coiled below this line with demand concentrated around the $0.41-0.43 area. 

This region is increasingly being defended by buyers. Meanwhile, the Cardano market valuation trades at roughly $0.43 on Binance, which places price directly beneath the boundary that capped previous recovery attempts.

Faibik describes a breakout area that opens a calculated forecast to the area of $0.67. He identifies a distinct invalidation line under local reaction lows, which provide buyers with a clear structure and positive risk symmetry. 

His chart also shows a wide expansion path once ADA price clears the descending barrier. If strength continues and buyers force a breach above this line, Cardano price secures a path toward the mapped 56% appreciation window that anchors his outlook.

ADA Chart (Source: X)

Inverse Head And Shoulders Shapes Future Cardano Price Path

The current Cardano price structure forms a clean inverse head and shoulders pattern on the four hour chart. The left shoulder formed around the $0.41 mark. Price then fell further to the zone of $0.37 to create the head. 

Price was pushed back into the $0.44 area, which serves as the neckline, in a recovery push. The right shoulder is now developing with increased lows that are aggregating above the support of $0.40. This action exhibits consistent dip uptake as opposed to abrupt rejection at every pullback.

MACD supports this positive arrangement. The MACD line remains above the signal line with the histogram showing light positive bars. This structure suggests a strong recovery in buyer drive. 

An aggressive action above the neckline at or above $0.44-0.45 will give a clear way to the resistance of about $0.48. Bids can hold and the continuation move can go to $0.52. This pattern therefore anchors a constructive future Cardano price outlook for the sessions ahead.

Cardano price action analysisCardano price action analysis
ADA/USDT 4-Hour Chart (Source: TradingView)

Taker Buy CVD Strengthens Case For ADA Price Rebound

Spot Taker Buy CVD over the 90-day window shows broad buy dominance. This reading quantifies direct market buys which lift offers instead of waiting on bids. The persistent green CVD prints indicate that aggressive buyers come in with every intraday dip. 

Sellers continue to demand short-term pullbacks but buy orders absorb them without extensive displacement. This action usually precedes pauses above clearly defined resistance.

The recent Cardano Midnight update and the NIGHT token listing on Binance introduced renewed activity in the broader ecosystem. This surfaced as ADA price held firm near the neckline zone. For ADA price, the strong Taker Buy CVD supports the inverse head and shoulders structure and confirms deeper buyer engagement. 

Green CVD is also an indication that new longs accumulate exposure instead of leaving on light weakness. When such a presence on the buy-side persists, a clean move at a price above $0.45 can be made. Cardano price then forms a stronger base for the projected 56% expansion path.

Cardano Spot Taker CVD (Source: CryptoQuant)

To sum up, Cardano price now trades at a decisive point where Faibik’s trendline and the neckline converge. The inverse head and shoulders pattern adds structure, while MACD supports a steady recovery path. 

Taker Buy CVD strengthens this case as buy orders absorb remaining sell-side attempts. An authenticated close above the $0.44-0.45 area opens up targets to $0.48 and $0.52, and a decline below the $0.40 nullifies this bullish script and wipes out the structure completely.

 

Source: https://coingape.com/markets/cardano-price-prediction-analyst-eyes-56-rally-as-taker-buy-dominance-strengthens/