- Cardano holds strong above support with signs of steady momentum.
- A break above $1.00 could pave the way to $1.35.
- Losing $0.90 may weaken the bullish setup.
Cardano ADA is trading at $0.9198, residing just below a significant resistance area of $0.93 to $1.00. In the weekly chart, the token surpassed the 20-week exponential moving average of $0.743 and is currently applying pressure on the top Bollinger Band of around $0.909. It indicates robust demand as the price tries to move up further.
The range of the Bollinger Band is broad, with the midline of $0.705 and the top limit around $0.909. Based on the continuing expansion of the bands, a standard measured move indicates the subsequent target of around $1.11.
Traders are keeping a close eye on ADA’s ability to close above $1.00, validating that buyers are in command and paving the path for the subsequent leg higher. Overall, the trend is positive.
Also Read: Cardano Price Prediction 2025: Can ADA Smash Past $3.10?
ADA Momentum Indicators Point to Ongoing Strength
All major moving averages, the 20, 50, 100, and 200-week, are trending upward, and ADA is trading significantly above each of them. Such a structure emphasizes $0.74 as the initial significant support level in the event of retracements.
Momentum signals lend support to the bull case. Relative Strength Index stands at 59, indicating strength but with room to spare before entering the overheated range of 70. Moving Average Convergence Divergence lines stay positive, indicating continuing upward momentum.
The Percentage Price Oscillator histogram is also positive, and Chaikin Money Flow shows more than $15 million per week in inflows, verifying ongoing accumulation.
Something to be mindful of is volatility. At the level of 87, the chart reflects that there can be sudden movements even while the longer-term direction never changes. Traders will want to be selective in their position sizing in this kind of environment.
Cardano Targets $1.11 if Weekly Close Holds Above $1.00
This major setup is in favor of continuation higher, with a probability of 60%. A close on the week above $1.00 will be the signal, with resulting price targets of $1.11, followed by $1.20–$1.25, and thereafter $1.30–$1.35. A move back below $0.90 after closing through higher will reverse this forecast.
Another possibility indicates a pullback first. A rejection around $0.95–$1.00 may result in a drop towards $0.82–$0.86 before the resumption of momentum. So long as RSI remains above 50 and MACD remains positive, the overall uptrend shall remain in place.
The bearish thesis is less probable, with a 15% chance. This will play out if ADA falls below the 20-week EMA of $0.74. A move below $0.70 will be an indication of trend weakness and could reveal levels around $0.65–$0.60.
Also Read: Cardano (ADA) Targets $1.20 as Wallet Growth Boosts Bullish Outlook
