- Cardano builds strength as accumulation range forms, signaling a possible long-term rally.
- Analysts highlight $0.80 support as crucial for ADA’s rebound toward higher resistance levels.
- Technical indicators show neutral momentum, with RSI near 45 and weak MACD histogram bars.
Cardano (ADA) remains a key token for traders to watch, as top analysts highlight a strengthening long-term bull case, even as the price faces a critical short-term test. While many investors may be overlooking the project, a closer look at the chart shows a powerful accumulation phase is underway, with a clear line in the sand for bulls to defend.
Long-Term View: A “Blind Spot” Accumulation Phase
Leading market analyst Michaël van de Poppe described Cardano as being in a “blind spot” for most investors, but emphasized that it has been steadily gaining strength under the surface.
Long-term thesis
According to his analysis, ADA is now accumulating within a new range after reclaiming levels lost during the 2022 downturn. He believes this is a strong foundation for the next major upward move.
Key long-term levels
Van de Poppe identified $1.2430 as the crucial long-term resistance barrier and $0.7460 as the strongest support zone. He expects that if ADA can sustain its position above the mid-range pivot of $0.9850, it will build momentum for a run toward $1.24 and potentially new highs in the coming years.
The Short-Term Battle: Defending the $0.80 Support
While the long-term picture looks bullish, another top analyst, Ali Martinez, has provided a more immediate, short-term outlook.
Short-term chart pattern
Martinez observed a descending triangle formation on the chart, with $0.80 serving as the vital support level.
Holding that line could enable ADA to rebound toward the $0.88–$0.90 resistance range. A successful break of that barrier could spark a stronger bullish move, although slipping below $0.80 would signal further downside pressure.
Technical Indicators Show Neutral Momentum
Cardano’s price has recently traded around $0.8058, marking a 3.91% decline over the past day. On a weekly scale, losses reached nearly 6%, leaving its market cap at $29.4 billion.
The MACD indicator shows the blue line hovering slightly above the red signal line, hinting at a fragile bullish bias. However, weak histogram bars indicate limited buying momentum. Similarly, the RSI rests at 45.39, slightly below the neutral 50 level, reflecting a balanced but indecisive market tone.
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