Cardano (ADA) is trading just above support, and analysts are watching for signs of a possible accumulation 0 the broader trend remains weak, some chart structures and technical levels are drawing renewed 1 Level Near $0.54 Gains Attention Cardano has been trading lower since it rejected resistance in the $0.75–$0.79 2 latest reading shows the asset at $0.65, recovering slightly from recent lows but still within a downward 3 the 12-hour chart, the price is hovering near short-term 4 Ali Martinez pointed to the $0.54 zone as a potential level of interest. $0.54 could represent a major buy zone for Cardano $ADA ! 5 — Ali (@ali_charts) October 23, 2025 This level served as support earlier in the year and may attract renewed demand if tested again.
A projected path on the chart shows potential for short-term consolidation around $0.54, followed by a rebound toward $0.60. In addition, a separate chart from Bitcoinsensus shows ADA in a long-term compression channel on the weekly 6 asset has followed this formation for several years, respecting both the lower and upper 7 each test of the lower band, Cardano has staged significant upward 8 previous cases, ADA recorded gains of roughly 200% and 300% after touching the lower 9 that pattern repeats, the next move could target the upper resistance near $2.70. The post stated, “Next target comes in at $2.70 per ADA,” based on the channel’s upper boundary.
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