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Cardano Surges 11% as ADA Targets $0.90 in New Market Breakout

Cardano Surges 11% as ADA Targets $0.90 in New Market Breakout

CryptonewslandCryptonewsland2025/10/15 22:03
By:by Yusuf Islam
  • Cardano gains 11 percent in a day as bulls defend the key $0.60 level signaling renewed buying strength.
  • ADA now trades above $0.70 with technical charts hinting at a move toward $0.90 if momentum continues.
  • The rebound may extend toward $1.20 as long as buyers maintain volume and price stability above $0.70.

Cardano (ADA) rose 11.26% in 24 hours to trade at $0.7027, signaling renewed optimism after recent heavy losses. The two-day chart on TradingView shows ADA recovering from a local low of $0.6054, where strong support halted further decline.

The chart highlights a potential reversal pattern forming near this zone, with traders eyeing a possible bounce toward $0.90. Analysts from CCoineres suggest the rebound could continue if ADA sustains above the $0.70 mark through mid-October.

The token’s recent move comes after a volatile month, marked by repeated tests of resistance near $0.90 and a drop that briefly pierced its support band. The return above $0.70 repositions Cardano for a technical recovery phase that could extend into Q4 2025.

This rise mirrors renewed buying activity across large-cap altcoins following Bitcoin’s stabilization above key thresholds. ADA’s resilience, even amid broader market uncertainty, suggests stronger liquidity inflows are now underpinning its short-term price action.

Critical Support and Resistance Levels in Focus

The chart shows clearly defined levels: $0.6054 as immediate support and $1.2110 as major resistance. A more distant upside target remains around $2.2939, representing a full-cycle recovery level last reached in 2021.

Technical projections imply ADA could consolidate near $0.70 before attempting a breakout toward $0.90. If momentum continues, the next test zone aligns near $1.20 — a region that historically acted as a reversal ceiling.

Below the $0.60 level, the lower safety net remains at $0.3402, signaling an area of last-resort defense for long-term holders. However, analysts anticipate minimal probability of such a deep correction under current market momentum.

The purple arrow on the chart represents the expected bullish trajectory, forecasting a rebound followed by a minor retracement and renewed upward continuation. This scenario aligns with a typical post-correction accumulation structure in ADA’s trading history.

Cardano’s moving averages also hint at a near-term crossover between short-term and mid-term curves, historically an indicator of renewed strength. The structure supports gradual accumulation rather than rapid breakout movement, favoring steady appreciation into late 2025.

Could this recovery mark the beginning of ADA’s long-awaited return to the $1 zone?

Outlook Ahead: Cautious Optimism Among Traders

Market participants remain cautiously optimistic as ADA enters a potential accumulation range. A break above $0.75 could trigger renewed momentum, attracting traders targeting $0.90 and beyond.

Chart observers note that ADA’s pattern resembles previous pre-rally formations seen before major uptrends. The 11% daily gain signals renewed confidence among investors willing to re-enter after the September sell-off.

Still, maintaining higher lows will be crucial. A sustained position above $0.70 through the coming week may confirm a structural reversal. If buyers defend this level, Cardano could regain medium-term bullish momentum across both retail and institutional segments.

Meanwhile, trading activity on Binance remains elevated, showing consistent liquidity near current prices. This stability supports the view that ADA is transitioning from reactive volatility to measured accumulation.

The forecasted path outlined by CCoineres suggests ADA may continue consolidating before advancing toward the $1.20 barrier. The broader market’s performance — particularly Bitcoin’s — will likely influence whether ADA achieves that trajectory.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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