Cardano (ADA) Uptrend Holds: Key $0.65 Support Points to $2.70 Target

Sean Williams
Cardano-ADA

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  • ADA holds above $0.65 support, maintaining long-term bullish trend.
  • Pattern of higher lows and rounded bottoms suggests next breakout potential.
  • Key resistance at $0.85 may trigger a rally toward $2.70.

Cardano (ADA) continues to show resilience, trading near $0.665 after a modest 0.53% gain, according to market analyst Charting Guy. The weekly chart confirms that ADA is holding above the long-term trendline established since 2023, suggesting that the cryptocurrency remains in a bullish structure.

Repeating Technical Patterns Signal Strength

Analysts highlight a clear cyclical pattern on ADA’s weekly chart: descending resistance lines followed by rounded bottoms. This sequence has played out across three consecutive cycles, each ending with a breakout and a subsequent upward rally. Currently, ADA is forming a higher low around $0.65, historically a key support zone that has served as a launchpad for recoveries.

The technical setup points to a potential continuation toward the 1.272 Fibonacci extension near $2.70. This target aligns with prior breakout behavior and could be realized by mid-2026 if the uptrend holds. Traders watching the market see the structure as a stable consolidation phase rather than a reversal.

Source: CMC Data

Critical Levels to Watch

The next resistance hurdle sits near $0.85. A decisive breakout above this level could confirm a trend reversal reminiscent of Cardano’s 2024 rally, potentially triggering accelerated gains. Maintaining price above the $0.65 control zone remains essential for sustaining bullish momentum. Analysts emphasize that repeated higher lows, combined with breached diagonal resistance lines, signal accumulation before a significant upward move.

Also Read: Cardano Bullish Outlook: ADA Could Rally 366% to $2.96

Analyst Outlook

Charting Guy notes that ADA’s structure mirrors its historical cycles, where recoveries followed predictable higher lows and breakout patterns. This disciplined technical behavior continues to support optimism in Cardano’s long-term outlook. Market participants are watching closely for confirmation at $0.85, which could indicate the next major phase of growth.

Cardano’s current trajectory reflects a stable uptrend, underpinned by repeated bullish patterns and critical support around $0.65. If momentum persists and resistance at $0.85 is overcome, ADA could target the $2.70 Fibonacci extension, offering a potentially lucrative outlook for patient investors.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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