Artem Voloskovets
Cardano (ADA) has caught traders' attention after forming a textbook double bottom pattern around $0.65.
Price Action at Critical Support
This technical formation, spotted by crypto analyst Erick Crypto ₿, hints at a potential 100% rally that could push ADA toward $1.30 if the current support zone holds firm.
The daily ADA/USDT chart reveals strong buying pressure whenever the coin tests the $0.65 level. This repeated defense has carved out a double bottom formation—a pattern that typically signals trend reversals. If ADA maintains momentum above this floor and clears nearby resistance, the path toward $1.30 becomes increasingly likely.
Key Levels That Matter
The $0.63–$0.65 zone has been tested multiple times with solid volume, establishing it as reliable support. On the upside, ADA faces its first hurdle near $0.80, followed by the psychologically important $1.00 mark. Breaking through these barriers would likely trigger acceleration toward the $1.30 target. Rising volume at support points to growing demand and adds weight to the bullish scenario.
The technical picture aligns with several supporting factors. Bitcoin's recent stability and broader optimism across crypto markets could lift altcoins like ADA. Cardano's ongoing development work and expanding ecosystem keep it competitive in DeFi and smart contracts. Historically, this price level has launched previous rallies, giving the current pattern extra significance.
A breakdown below $0.65 would damage the bullish thesis and could send ADA toward $0.55. Price behavior around this critical zone will be decisive, and traders should wait for clear confirmation before taking positions.
Artem Voloskovets
