Saad Ullah
Cardano has been moving sideways in recent trading sessions, finding stability around the $0.82 level after a period of price corrections. This consolidation phase is creating an interesting setup for traders, as the cryptocurrency maintains its position within a well-defined ascending channel pattern that suggests potential for another upward move.
ADA Price Holds Key Support Near $0.82
Cardano is currently trading between $0.82 and $0.84, taking a breather after some recent pullbacks. The price action shows ADA staying within its upward trending channel, with buyers stepping in to protect the important $0.78 support level. This stability is giving traders confidence that another move higher could be coming.
Crypto analyst @ali_charts highlighted this setup, pointing out that ADA needs to break back above $0.88 to confirm the bullish trend is still intact. If it can push through this resistance, we could see ADA target $1.05 first, then potentially reach $1.20–$1.23 based on technical projections.
ADA Price Roadmap: Resistance and Support Levels
The technical roadmap for ADA looks like this:
Key breakout level: $0.88
Upside targets: $1.05, $1.15, and $1.20–$1.23
Support levels: $0.78, $0.72, and $0.66
If ADA can't break through $0.88, it might drop back to test $0.78 or even $0.72 before trying to move higher again. But as long as it stays above the current channel support, the chances of a breakout toward $1.20 remain strong.
Cardano is showing good strength within its upward trending channel. As long as the $0.78–$0.82 support area holds up, the overall picture stays bullish. A clean break above $0.88 would be the signal traders are looking for, putting ADA on track toward that $1.20 target over the coming weeks.
The plan is simple: hold these support levels, reclaim $0.88, and aim for $1.20. With crypto market sentiment improving, Cardano could be setting up for a solid breakout move.
Saad Ullah
