Victoria Bazir
Cardano (ADA) has sparked fresh bullish interest after climbing more than 10% in two days. The rally came as traders responded to a clean bounce from the $0.62–$0.64 support zone, signaling a shift in short-term sentiment. Attention has now turned to whether ADA can push through the $0.71 resistance.
Technical Levels Point to Continued Momentum
Market analyst Mehmet GİZİK noted that the recent move matched his earlier forecast, with ADA following a precise technical path that delivered solid returns. While he maintains $0.71 as the primary target, GİZİK emphasized managing risk in the current volatile environment, suggesting partial profit-taking might be wise.
ADA consolidated above a strong demand zone near $0.62 before breaking above $0.664, a key resistance level. The breakout came with solid volume, signaling renewed accumulation. Currently trading around $0.682–$0.686, ADA faces its next test at $0.7109, where profit-taking could trigger a pullback. A sustained break above that level could open the path to $0.73, while losing $0.664 support might push the price back into consolidation.
Altcoins Catching a Bid as Market Sentiment Improves
Cardano's bounce is part of a broader altcoin recovery following Bitcoin's stabilization. As BTC traders rotate capital into major Layer-1 projects, ADA has benefited from renewed demand. Meanwhile, ongoing Cardano ecosystem developments—including DeFi integrations and governance updates—have strengthened investor confidence alongside improved market liquidity.
What's Next: Opportunity with a Side of Caution
Bulls appear to be regaining control, with the $0.71 zone now a focal point. However, risk management remains essential in fast-moving crypto markets. If ADA holds above $0.664, it could confirm a broader mid-term uptrend. For investors, this phase offers opportunity but also a reminder that disciplined profit-taking is just as important as capturing upside.
Victoria Bazir
