The price of Cardano (ADA) has broken out of a long-term descending channel, attracting attention from traders and analysts. Key levels and growth potential in the coming days.
Cardano's Resistance Level Breakout
ADA had remained in a clearly defined descending channel throughout late 2024 and early 2025, forming consistent lower highs and lower lows. However, in early July, Cardano broke above this structure, confirming a shift in trend. Analysts believe that if ADA can hold above $0.82, the path toward reaching $1.18 could open.
Support and Resistance Zones for ADA
The immediate task for ADA is to break through the resistance zone between $0.77 and $0.82, which has historically acted as both support and resistance. Support is forming around $0.68, which may serve as a launching pad for further gains, while another support area exists near $0.58.
Overall Market Sentiment for Cardano
Recent candles indicate an increase in body size, often correlating with rising market momentum. Analysts, including Marcus Corvinus, highlight the renewed bullish sentiment with statements like, 'Cardano has officially broken out... momentum is back. Confidence is rising.' If the ADA price remains above $0.68, further upward movement may be expected, but closing above $0.82 is necessary to validate the move towards $1.18.
The rise in Cardano (ADA) price and the breakout of key resistance levels create an optimistic outlook among traders. Analysts anticipate continued growth if the current positive momentum is maintained.
