Usman Salis
Cardano has been moving sideways lately, caught in a tightening pattern that has traders on edge. These kinds of formations often come before big moves, and with ADA sitting at a critical juncture, the next few sessions could determine whether we see a bounce or another leg down. The key question is whether the bulls can step up when it matters most.
Cardano Price Consolidates in a Descending Wedge
ADA has been squeezing into a descending wedge on the charts, and these patterns usually mean something big is coming. Right now, Cardano is hanging around $0.83, with buyers and sellers in a standoff to see who blinks first.
Market analyst @ali_charts thinks we might see one more dip down to $0.80 before the bulls finally show up and push for a breakout. That makes this support level absolutely crucial for what happens next.
Here's what traders are watching:
- Key support: $0.80
- Resistance to break: $0.85–$0.90
- Bullish target: $0.92
- Bearish scenario: Drop to $0.78–$0.76
If ADA can hold that $0.80 level and break free from this wedge, we could see some serious momentum building toward $0.92. But if support gives way, things could get ugly pretty quickly.
Cardano Price Outlook – Bulls Waiting for Confirmation
Even with the recent weakness, ADA fundamentals are still solid thanks to ongoing network improvements and growing DeFi activity. A lot of traders are viewing this wedge pattern as a chance to load up before the next big move.
If the bulls can turn that resistance into support, Cardano might be ready to start a fresh uptrend that could bring some nice opportunities for those who've been waiting on the sidelines.
Usman Salis
