Cardano's price is currently at $0.876. Recently, the cryptocurrency has shown considerable growth, attracting interest from investors and analysts.
Technical Analysis and Resistance Levels
The 12-hour chart for Cardano's futures on Binance demonstrates a series of descending parallel channels. The current price is testing an upper boundary that has acted as resistance since early 2025.
ADA's recovery from July lows has been accompanied by movements through several Fibonacci retracement levels. The price is nearing the 0.618 retracement area, which can either lead to a continuation of the trend or a reversal. Overcoming this resistance would pave the way to $1.00 and $1.05 as initial targets after a breakout.
Breakout Targets and Analyst Projections
Market analyst Ali (@ali_charts) shared an update suggesting a bullish breakout scenario. Projections indicate a potential move towards $1.50.
If momentum is maintained, the next target ranges will be $1.20 to $1.22, assuming it stays above $1.05. A successful breakout may push the price towards $1.50 and even allow for overextensions to $1.60 and $1.65. These target levels are based on the 1.272 and 1.618 Fibonacci extensions commonly used to determine price targets in long-term trends.
Support Levels and Market Structure
Despite slight stable gains, ADA's trendline support between $0.76–$0.78 remains crucial to confirming the recent bullish structure. Maintaining this zone will help preserve market positioning for a breakout.
Failure to hold this support could prompt another retest before resuming an upward move. Such pullbacks are common in consolidation phases within larger bullish patterns. The overall chart pattern shows multiple accumulation phases, with each low forming above the previous one. This compression within descending channels often precedes decisive moves.
As the price approaches resistance levels, market participants will closely monitor for a confirmed breakout. A close above current levels could trigger a sustained push towards the $1.50 target.
