Cardano (ADA) Bulls Charge Toward Breakout — Will the Rally Hold?

ADA’s price action screams bullish as buyers pile in—but can they smash through resistance, or is this another ’degen trap’ waiting to liquidate overeager traders?

The crypto crowd loves a good comeback story, and Cardano’s recent momentum has speculators drooling. With key technical levels in play, the next 48 hours could determine whether this is a legit breakout or just another fakeout for the history books.

Meanwhile, Wall Street still can’t decide if crypto is ’digital gold’ or a casino—but hey, at least the volatility keeps things interesting.

Cardano Price Faces Resistance

In the past few sessions, Cardano saw a fresh decline from the $0.7350 level, like Bitcoin and Ethereum. ADA declined below the $0.720 and $0.70 support levels.

A low was formed at $0.6826 and the price is again moving higher. There was a move above the $0.70 level. The price cleared the 50% Fib retracement level of the recent decline from the $0.7338 swing high to the $0.6826 low.

Cardano price is now trading above $0.680 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7150 zone and the 61.8% Fib retracement level of the recent decline from the $0.7338 swing high to the $0.6826 low.

There is also a connecting bearish trend line forming with resistance at $0.7180 on the hourly chart of the ADA/USD pair. The first resistance is near $0.7250. The next key resistance might be $0.750.

If there is a close above the $0.750 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.780 region. Any more gains might call for a move toward $0.80 in the near term.

Another Drop in ADA?

If Cardano’s price fails to climb above the $0.7150 resistance level, it could start another decline. Immediate support on the downside is near the $0.70 level.

The next major support is near the $0.680 level. A downside break below the $0.680 level could open the doors for a test of $0.630. The next major support is near the $0.6175 level where the bulls might emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.

Major Support Levels – $0.7000 and $0.680.

Major Resistance Levels – $0.7150 and $0.7340.