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 reversals. Market analyst Ali Martinez highlighted that every...
Cardano (ADA) is staging a cautious rebound after testing the critical $0.52–$0.57 support range, a zone that has historically triggered major reversals.
Market analyst Ali Martinez highlighted that every touch of this area since late 2024 has resulted in a sharp upside reaction, signaling strong buyer interest. ADA now trades around $0.53, with bulls aiming to defend this zone to avoid retracements.
The rebound coincides with improving on-chain sentiment and growing accumulation around long-term supports. Analysts 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. Source: ADAUSD on Tradingview
TD Sequential Buy Signal Hints at a Cycle Bottom
Adding to optimism, the TD Sequential indicator recently printed a buy signal on ADA’s three-day chart, a pattern known for marking potential market bottoms. Historically, similar setups have preceded strong bullish reversals, suggesting that sellers may be losing control.
Trading volume and long/short ratios also support the bullish view. According to Coinglass, long positions now represent 52% of open interest, reflecting renewed trader confidence. A breakout above $0.60 could confirm the reversal, paving the way for a wider rally toward the $0.72 resistance level identified by several analysts.
Can Cardano (ADA) Sustain Its Momentum?
While ADA’s short-term charts show potential for recovery, longer-term indicators remain cautious.
Cardano 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 picture.
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 level.
Cover image from ChatGPT, ADAUSD chart from Tradingview
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