Peter Smith
Cardano (ADA) is showing signs of life after an extended period of sideways trading. The cryptocurrency has jumped more than 5% in recent sessions, reclaiming short-term momentum and sparking speculation about a potential move toward the key $0.75 resistance level.
Bulls Return as ADA Breaks Above Key Levels
Crypto trader Sssebi pointed out the rally on X, noting that ADA is "getting a nice pump" with $0.75 as the next major target. The 4-hour chart shows ADA breaking above $0.67 resistance with strong buying pressure, suggesting a possible trend reversal.
For the first time since mid-October, ADA has climbed above its 20-period moving average—typically a signal that bearish momentum is fading. The RSI has bounced from oversold territory and is now trending higher, backing up the bullish case.
A clean break above $0.70 would confirm the breakout and open the door to retesting $0.75, a structural high from early October. If buyers can push through that level, ADA could target $0.80–$0.82 next. However, losing the $0.64 support would likely send the price back into its previous range.
Market Context Supports the Move
ADA's bounce fits into a broader altcoin recovery. With Bitcoin holding steady near recent highs, traders are rotating capital into mid-cap tokens that have lagged recently. Cardano's ongoing network upgrades—focused on scalability and smart contract efficiency—along with growing DeFi activity on the platform, could provide fundamental support if the technical momentum holds.
Volume is picking up and the short-term structure looks promising. If ADA can hold above $0.70 and form higher lows, the path to $0.75 becomes realistic. Still, confirmation through sustained buying and consistent closes above key levels will be crucial to validate this potential breakout.
Peter Smith
