Saad Ullah
After days of downward pressure, Cardano is finally catching its breath. The chart suggests ADA might be setting up for a short-term recovery, with technical analyst pointing to a possible "weekend pump." The big question now: can bulls push the price back above $0.65 and keep the momentum going toward $0.70?
The Technical Setup
Analyst Sssebi sees potential upside toward $0.65 and $0.70 if buyers can regain control and push through key resistance levels.
ADA's 4-hour chart is showing some encouraging signs:
- Support at $0.60 – ADA has found a floor here after recent selling pressure
- Resistance at $0.64–$0.65 – the 50-period moving average is sitting right above current prices
- RSI bouncing back – the indicator is climbing out of oversold territory, hinting at renewed buying interest
- Higher lows forming – suggests sellers are losing steam
- Next target: $0.70 – if ADA clears $0.65, this psychological level becomes the next stop
A clean break above $0.65 could spark additional upside momentum and confirm the short-term reversal is real.
What Could Go Wrong?
If ADA can't hold above $0.60, the recovery could fizzle out quickly. A breakdown below that level would likely send the price toward the $0.55–$0.52 support zone. For now, volume remains pretty light, which means any move—up or down—could happen fast if momentum picks up.
At around $0.617, ADA is sitting at a make-or-break level. The technicals lean slightly bullish for a weekend bounce, especially if Bitcoin stays steady. But traders should stay cautious—if $0.60 doesn't hold, this could turn into another round of consolidation or worse. Keep an eye on $0.65. That's where the real test begins.
Saad Ullah
