Cardano (ADA) Rebounds From Lows, Eyes Key $0.72 Resistance Level

Cardano (ADA) is staging a cautious rebound after testing the critical $0.52–$0.57 support range, a zone that has historically triggered major ￰0￱ Reading: Galaxy Digital Slashes Bitcoin EOY Price Target To $120,000 Market analyst Ali Martinez highlighted that every touch of this area since late 2024 has resulted in a sharp upside reaction, signaling strong buyer ￰1￱ now trades around $0.53, with bulls aiming to defend this zone to avoid ￰2￱ rebound coincides with improving on-chain sentiment and growing accumulation around long-term ￰3￱ say that as long as ADA maintains this base, the path toward $0.72 and $1.15 remains valid. A close below $0.52, however, could reintroduce bearish pressure and delay recovery hopes.

ADA's price trends to the downside on the daily chart.) Sustain Its Momentum? While ADA’s short-term charts show potential for recovery, longer-term indicators remain ￰4￱ continues to trade inside a descending parallel channel formed since December 2024, with resistance sitting near $0.72. Analyst Valdrin Tahiri noted that unless ADA reclaims the $0.60 zone, the broader trend remains bearish. Regardless, the combination of strong support, bullish confluence signals, and improved trader sentiment paints a cautiously optimistic ￰5￱ Reading: Analyst Predicts Bitcoin Price Crash To $87,000 If This Happens If the rebound holds and momentum strengthens above $0.65, ADA could confirm a new accumulation phase, setting the stage for a possible mid-term breakout above $0.72 and a retest of the $1 psychological ￰6￱ image from ChatGPT, ADAUSD chart from Tradingview