The price of Cardano (ADA) has broken above the moving average lines.
This indicates a potential rise for the cryptocurrency. Cardano is recovering after reaching a low of $0.78.
Cardano price long-term forecast: bullish
According to the price indication, Cardano will return to its previous level. On July 28, a retraced candlestick body reached the 50% Fibonacci retracement level. The retracement is an indicator for the further upward movement of the cryptocurrency.
On the upside, the price indicator predicted that ADA would rise to the 2.0 Fibonacci extension or $1.34. The current price of ADA is $0.88.
Technical Indicators
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Key Resistance Zones: $1.20, $1.30, and $1.40 -
Key Support Zones: $0.90, $0.80, and $0.70
ADA price indicators analysis
Cardano is trading in a positive trend zone, with price bars above the moving average lines. The moving average lines on both charts are sloping upwards, indicating an uptrend. As long as the price bars are above the moving average lines, the altcoin will continue to rise. Cardano will rise as soon as the 21-day SMA rises above the 50-day SMA barrier.
ADA/USD price chart – September 11, 2025
What is the next move for Cardano?
The price has resumed its uptrend after rising above the moving average lines. On the daily chart, the altcoin is approaching its initial barrier of $0.90. This is the second time the altcoin has attempted the $0.90 threshold.
On the 9th of September, Cardano was beaten back, leaving a candlestick wick. ADA will fluctuate above the moving average lines and below the previous high where it will be rejected again. Otherwise, it will rise to a high of $1.01.
ADA/USD weekly price chart – September 11, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.