- Cardano trades at $0.876, with a 13.43% daily and 20.60% weekly increase, showing strong upward market activity.
- The technical chart formations also indicate that ADA would breach the resistance to reach levels of 1.00 and 1.20 and 1.50 in case the velocity is maintained..
- The breakout forecast meshes with fibonacci extensions at 1.27 and 1.61 which places us in medium term bullish projections.
Cardano is trading at $0.876 after recent gains have pushed the cryptocurrency toward key resistance levels. The move follows a 13.43% rise in the past 24 hours and a 20.60% gain over the last seven days. Technical setups indicate that a breakout could position the asset toward higher targets in the near term.
Technical Setup and Resistance Levels
The 12-hour Binance perpetual contract chart for Cardano shows a series of descending parallel channels. Price action now tests an upper boundary that has held as resistance since early 2025.
ADA’s recovery from its July lows has been accompanied by moves through several Fibonacci retracement levels. The price is getting near the 0.618 retracement area, which has been identified to either start a trend continuation or reversal.
Conquering this resistance would pave the path to $1.00, 1.05 and this will be the initial target after breaking out.
Breakout Targets and Analyst Projections
In an update shared by market analyst Ali (@ali_charts), the current structure suggests a bullish breakout scenario. The projection outlines a potential move toward $1.50.
In case of momentum, the next target ranges will be 1.20-1.22 in case it maintains beyond 1.05. This move may then advance to the price of $1.50, and even overextensions of the price to$.60 and 1.65.
Such target levels are based on the 1.272 and 1.618 Fibonacci extensions which are widely applied to determine the price targets in long-term trends.
Support Levels and Market Structure
The slight stiff gains made on the price, ADA’s trendline support at $0.76–$0.78 remains key to confirming the recent growth of bullish structure. Maintaining this zone would help preserve market positioning for a breakout.
Failure to hold this support could prompt another retest before resuming an upward move. Such pullbacks are common in consolidation phases within larger bullish patterns.
The overall chart pattern shows multiple accumulation phases, with each low forming above the previous. This compression within descending channels often precedes decisive moves.
With price nearing resistance, market participants will watch for a confirmed breakout. A close above current levels could trigger a sustained push toward the $1.50 target.
