Usman Salis
Cardano's ADA token is showing signs of strength after consolidating above crucial support zones. With the cryptocurrency market gaining momentum, many analysts believe ADA could be positioning itself for a significant upward move if it can break through the next resistance barrier.
ADA Price Strengthens Above Support
ADA has been holding steady above the $0.80 support level, which previously served as a major obstacle for the token. Now trading around $0.87, the cryptocurrency appears to be building momentum within a consolidation range that could lead to a breakout.
Trader @iberkeoktay noted that ADA has successfully established itself above a key purple support zone on his chart. His analysis suggests that if ADA can push through the green resistance wall around $1.20, the path could be clear for a run toward previous highs.
The technical setup shows several important price levels to watch. For ADA to continue its upward trajectory, it needs to break above the $1.20 resistance zone. If this happens, the next targets would be:
- $2.30 – $2.50 (major resistance zone)
- $3.10 (all-time high)
However, if ADA fails to maintain support above $0.80, it could retreat to the $0.68–$0.50 range.
Cardano (ADA) Price Outlook for 2025
As market conditions improve and institutional interest in Cardano grows, this consolidation period has become a key focal point for traders. A successful break above $1.20 could signal the start of a larger rally that might push ADA back toward its 2021 peaks above $3.00.
Usman Salis
