Cardano ADA Shows Bullish Momentum as Key Support Holds Strong
Cardano's ADA has demonstrated a significant rebound, surging 14% from recent lows to stabilize around $0.72, as the crucial $0.60 support level holds firm. This recovery is backed by strong on-chain metrics, including the highest Chaikin Money Flow readings in three months, indicating renewed investor confidence. Market technicians have identified a falling wedge pattern on short-term charts, suggesting potential for further upward movement. As of October 21, 2025, ADA's ability to reclaim and maintain levels above $0.66 points to strengthening bullish momentum in the cryptocurrency market.
Cardano (ADA) Rebounds 14% as $0.60 Support Holds Firm
Cardano's ADA has surged 14% from its recent lows, stabilizing NEAR the critical $0.60 support zone. The cryptocurrency now trades around $0.72, with on-chain metrics signaling renewed investor confidence.
Chaikin Money FLOW data reveals the strongest capital inflows in three months, coinciding with ADA's reclaiming of the $0.66 level. Market technicians note a falling wedge pattern forming on short-term charts, suggesting potential upside toward $0.70 if current momentum persists.
The $0.60-$0.62 range has proven remarkably resilient, serving as reliable support through multiple market tests. With a $23.67 billion market capitalization, Cardano maintains its position among crypto's top ten assets.
Top Trader Bullish on Cardano, Calls Sub-$1 Levels 'Free Money'
Cardano's ADA token remains undervalued according to technical analyst Wolfster, who contends the asset is still in early stages of a bullish cycle. Sunday's analysis posted on X (formerly Twitter) included a price chart suggesting current levels present prime accumulation opportunities.
The assessment aligns with growing institutional interest in proof-of-stake assets, though ADA continues to trade at a significant discount from its 2021 all-time high of $3.10. Market makers appear to be building positions ahead of anticipated network upgrades and potential ETF developments in the altcoin space.
Cardano Bollinger Band Double Bottom Signals Imminent Rally: Market Expert
Altcoins, including Cardano, are forming a classical 'W'-shaped Bollinger Band pattern on daily charts, signaling a potential explosive price movement. Market analyst Dan Gambardello noted in his October 20 review that cardano appears to have reached a market bottom alongside its peers.
The technical setup mirrors historical reversal patterns that often precede significant rallies. Such formations typically attract momentum traders seeking early entry points before confirmed breakouts.
Cardano Price Prediction Signals $8 Target in Upcoming Bull Rally
A prominent trader known as Wolfster has identified Cardano (ADA) as being in a pre-parabolic phase, with potential to reach $8 if it breaks out of its current expanding ascending triangle pattern. The digital asset has already surged 168% since September 2023, when it bottomed at $0.25.
Technical analysis suggests ADA's current sub-$1 price represents what the trader calls "free money"—a final buying opportunity before anticipated rapid appreciation. The pattern mirrors Jesse Livermore's historic "Speculative Chart," often preceding major bull runs.
Market observers note Cardano's consistent formation of higher highs and higher lows since its September low, with the $0.67 level representing a 150% gain from the bottom. Wolfster projects new all-time highs could arrive by Q1 2026.
