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2w ago

Cardano Nears $1.00 After Triple Bottom Breakout

Declining trading volume ahead of ADA’s test of $1.00 suggests the rally needs new buyers to sustain its technical breakout.

Cardano price prediction - Is Grayscale ETF hype the catalyst ADA needs to hit $1.50?
Cardano
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Overview

  • Cardano rallied roughly 11.6%–15% in recent sessions to trade near $0.95–$0.99, pushing toward the key $1.00 level.
  • The price surge followed a triple bottom at $0.49 and a reclaim of the point of control aligned with the 50-day moving average, restoring bullish market structure.
  • Hourly MACD has entered the bullish zone and RSI sits above 50, but total trading volume has declined, indicating price may be coiling before its next move.
  • Immediate resistance resides at $1.00–$1.02, with analysts eyeing higher-timeframe targets of $1.19 and $1.32 if volume confirms the breakout.
  • Key supports are at $0.96 and $0.935, and concentrated whale holdings alongside elevated futures open interest introduce both support and liquidation risk.