Cardano’s ADA token is firmly holding above the crucial $0.78 support level following a significant 37% price surge, signaling a potential trend reversal from previous bearish conditions. Market analysts observe that bullish technical indicators could propel the cryptocurrency toward higher resistance targets if current momentum persists.
The digital asset is currently retesting the $0.78 breakout zone, which now serves as a critical demand area after the recent uptrend. Technical analysis reinforces a positive outlook, with key indicators including the RSI registering a healthy 60.13 reading, MACD showing upward convergence, and exponential moving averages positioning favorably for continued upside potential.
Immediate resistance barriers are established at $0.94 and the psychologically significant $1.00 threshold. Market observers note that a decisive break above these levels could open a path toward a projected $1.20 price target. Downside protection is anchored by the 50-day SMA at $0.66 and reinforced by the robust $0.74–$0.78 demand zone.
The strong recovery marks a notable shift from Cardano’s prior downtrend, with current technical patterns suggesting sustained positive momentum in the near term as ADA consolidates above critical support.