Peter Smith
Cardano (ADA) ended the week on a positive note after rebounding from its 50-week moving average, suggesting bulls aren't backing down just yet. The bounce comes as Bitcoin recently hit another all-time high, sparking fresh speculation that altcoins might be gearing up for their own rallies.
ADA Weekly Chart Holds Key Support
According to trader Sssebi, ADA's weekly chart reveals strong defense of the $0.80 area, which aligns with its 50-week MA. This technical level has proven crucial, stopping deeper drops and indicating that buyers are actively stepping in at these prices.
The chart also shows a rangebound pattern with resistance forming around $0.95–$1.00. A clear break above that zone could shift momentum in ADA's favor, bringing it in line with the broader market strength that Bitcoin is driving.
Volume and RSI Signals
Volume data shows trading activity has been relatively stable without any dramatic spikes, pointing to consolidation rather than a high-volatility breakout or breakdown. The RSI is sitting near neutral levels, which means there's plenty of room for upward movement if buying pressure picks up in the weeks ahead.
What's Next for ADA Price?
The coming weeks will be critical for Cardano. Staying above the 50-week moving average creates a solid foundation for potential upside, but bulls need to push through the $0.95–$1.00 resistance to confirm a broader recovery is underway. If Bitcoin maintains its elevated trading levels, ADA could catch a tailwind from renewed interest in altcoins. However, if the $0.80 support fails, ADA might revisit deeper support levels around $0.50.
Peter Smith
