Logo
Cardano Ecosystem

Tron Weekly

06/09/2025

·

193 views


Cardano (ADA) Price Forecast: Can ADA Reclaim $1.39 After A Period Of Volatility?

You are here: Home / News / Cardano (ADA) Price Forecast: Can ADA Reclaim $1.39 After a Period of Volatility? Cardano (ADA) is trading around $0.6759, holding above a key support zone at $0.58–$0.61, aligned...

Cardano (ADA) Price Forecast: Can ADA Reclaim $1.39 After A Period Of Volatility?

You are here: Home / News / Cardano (ADA) Price Forecast: Can ADA Reclaim $1.39 After a Period of Volatility?

Cardano
  • Cardano (ADA) is trading around $0.6759, holding above a key support zone at $0.58–$0.61, aligned with the 0.786 Fibonacci retracement level.
  • A potential reversal pattern is forming, with upside targets at $1.0463, $1.2145, and $1.3984 if the breakout confirms.
  • A breakdown below the critical support zone could invalidate the bullish setup and lead to increased selling pressure.

Cardano (ADA) is on the verge of a breakout and experiencing a surge in its price with the overall market after several weeks of market volatility triggered by macro factors. Now the ADA is forming a reversal pattern and moving towards a very important Fibonacci retracement. Both traders and investors are closely watching the this coin to recover the losses from the recent prolonged volatility. If a successful breakout occurs, it will lead to a maximum target around the $1.39 area.

At the time of writing, ADA is trading at $0.6759 with a 24-hour trading volume of $481.26M and a market capitalization of $23.89B. The ADA price over the last 24 hours is up by 1.53%, and over the last week it has been stable and showing high potential for the next major rally.

AD 4nXemaa auSsDKBCo00e5ImnR9QJfLVz5BiCH8IJ6sFLMMSYAdUJHeJ2E1mYNlAXnzPh21pITsw5R2b3scViUAFBR4T4 z lqf bGR eLUR4jBUkmhHXOzPPZrrp 4LGfP2ogpMgu?key=wpDh8Cvd0EYAkq62KVPHFg

Source: CoinMarketCap

ADA Targets $1.39 After Holding Above 0.786 Fib Support

A prominent crypto analyst highlighted that Cardano (ADA) is currently trading near $0.6626, showing signs of consolidation above a critical support zone between $0.58 and $0.61. This level coincides with the 0.786 Fibonacci retracement, which is a technical zone often associated with market reversal points. The fact that ADA remains above this historically significant area indicates that the asset might be poised for its next big move since traders are trying to figure out if this level is a strong enough support point to trigger a rebound.

Consolidation seems to have laid the ground for a possible bullish breakout. If the support holds, then ADA should climb toward higher resistance levels. The key upside targets are $1.0463, which is considered a psychological and technical barrier, followed by $1.2145 and $1.3984, both of which coincide with the major Fibonacci extension levels and highs from previous price action. Stabilization above support is positive while wider market conditions appear to be changing for the better.

AD 4nXcXhdqf6cQ2Af0gjERp jN7ptBbLWttoDF8s3rqVG5RTnzicRCvaj8f1yjeRR uShc2vfs5jiDp7 FNDDWD9r7ObRDO EFFgqxJ gj5NWCzUbsGEGNYjypK95RNIuSQxdIu

Source: X

However, the danger is still there if ADA does not keep the support range of $0.58–$0.61. A break below this crucial zone would probably invalidate the bullish outlook and could introduce selling pressure again. Traders are watching this area very closely, as any significant move below it would shift sentiment and necessitate an overhaul of short- to mid-term tactics. Volume, momentum indicators, and daily closing prices will be critical for the next few days.

Related Reading: Ethereum May Soon Break Out of a Bull Flag Pattern Shown on its Daily Chart

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Tron Weekly

ORIGINAL SOURCE

https://www.tronweekly.com/cardano-ada-p...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Tron Weekly

See more
Cardano's Strong Growth Signals A $2 Rally: Is ADA Set
Tron Weekly
Cardano's Strong Growth Signals A $2 Rally: Is ADA Set

07/12/2025

·

119 views

Related News

See more
Banner-Tech-Summit-Rio

Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)