- Cardano’s ADA is up about 3% while most top cryptocurrencies have declined.
- Grayscale ranks ADA second among its top 10 crypto assets with high one-week returns.
- Analyst Ali Martinez predicts ADA’s breakout potential with $1.50 as the next target.
Bitcoin, Ethereum, Solana and most top cryptocurrencies have fallen over the last 24 hours, but Cardano’s ADA has been a rare exception. The token has gained about 3% in the same period and is currently trading near $0.95. Recently, ADA managed to cross the $1 mark before easing back slightly. Importantly, it continues to hold above strong support levels, showing resilience even while the broader market is under pressure.
Additionally, Grayscale has placed Cardano (ADA) in the second spot on its list of Top 10 crypto assets based on one-week returns. Crypto analyst Ali Martinez has said that Cardano is showing early signs of a breakout after months of sideways movement. His latest chart shows that ADA has cleared important resistance zones and may be preparing for its next leg upward.
If trend continues and the market does not break down further, ADA could be on its way toward the $1.50 region. Martinez believes this price point is emerging as the next near-term target.
Importance of Support at $0.81
At present, ADA is battling with resistance near the $0.95 mark, which has become a critical short-term barrier. If buyers manage to push past this zone, the next hurdles lie around $1.18 and $1.25.
Related: Cardano Approaches Breakout as $1 Resistance Faces Critical Test
A successful breakout above these levels could open the door to stronger gains. On the downside, holding above $0.81 is critical. A clear drop below this price could weaken the bullish outlook and suggest further consolidation before any upward move.
Short-Term Outlook
One technical analyst has said that ADA is currently forming a complex pattern, which may take more time to play out. With weekend trading often marked by low volumes, price action could remain choppy in the near term.
Still, as long as ADA stays above its key support, the overall outlook leans toward a potential move higher, possibly testing the $1.13–$1.14 range before retargeting $1.18.
Related: From Bitcoin Peaks to Altcoin Feasts: Whales Bet Big on ADA and AVAX
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