Cardano price confirms a bullish retest: is a reversal to $1.19 next?
Cardano price is defending the $0.79 support, backed by Fibonacci confluence and the lower Bollinger Bands. Market structure remains bullish, with the next upside objective set at $1.19. Summary ...
Cardano price is defending the $0.79 support, backed by Fibonacci confluence and the lower Bollinger Bands. Market structure remains bullish, with the next upside objective set at $1.19.
Summary
- Cardano is holding $0.79 support, reinforced by Fibonacci and Bollinger Band confluence.
- Market structure remains bullish with consecutive higher highs and higher lows.
- Next upside target is $1.19, contingent on sustained bullish volume.
Cardano (ADA) is currently holding firm above a major high time frame support level at $0.79. This zone has multiple technical confluences, reinforcing its importance as a structural foundation for continuation higher. With the Grayscale ADA ETF deadline approaching, Cardano is also eyeing a breakout that could strengthen its bullish outlook. With bullish market structure already confirmed, ADA is positioning itself for a potential move back toward higher resistance levels.
Cardano price key technical points
- Support at $0.79: Confluence of 0.618 Fibonacci retracement and lower Bollinger Bands.
- Bullish Market Structure: Higher highs and higher lows confirmed since the last breakout.
- Upside Resistance at $1.19: Next major target if momentum continues higher.
The $0.79 level has become the anchor of Cardano’s current price action. With the 0.618 Fibonacci retracement aligning at this zone and the lower Bollinger Bands providing an additional cushion, the technical setup strongly favors support holding. This region is where buyers are stepping in, preventing further downside and reinforcing bullish momentum.
From a structural standpoint, ADA continues to follow a bullish trajectory. The breakout above the previous high confirmed the market’s bullish direction, and the consistent pattern of higher highs and higher lows highlights the strength of the trend. A successful bounce from this support would establish yet another higher low, adding further validation to the bullish case.
The next key resistance lies at $1.19, a major high time frame barrier that must be tested for continuation. This level represents not only horizontal resistance but also a zone where prior sellers have stepped in, making it an important checkpoint for ADA’s bullish advance. Clearing this resistance would solidify the breakout and open the door for further expansion.
The volume profile also reflects healthy market dynamics. Strong bullish inflows have been visible at the current trade location, signaling demand. For a sustained move to materialize toward $1.19, these volume inflows must continue and grow stronger. Without consistent demand, the market risks stalling within the support region; with continued demand, ADA is well-positioned for continuation higher.
What to expect in the coming price action
As long as Cardano maintains its support at $0.79, the bullish bias remains intact. A successful bounce here, backed by strong volume inflows, is expected to drive a rotation toward $1.19 resistance, confirming another higher low in the broader market structure.
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