The Unstable Cat priceADA

Story Highlights Cardano price consolidates within a symmetrical triangle, signaling a potential breakout toward $3.37. Elliott Wave theory suggests ADA could soon enter its powerful third wave rally. Holding $0.69 support is key for ADA to sustain bullish momentum. The Cardano price action has been at an interesting stage despite continuing to trade far below its all-time high of $3.10, set in 2021. Yet, technical formations now indicate a possible reversal phase may be approaching, which may far surpass this ATH. A symmetrical triangle pattern has been formed by converging rising lows and descending highs of last one year that has unmistakably taken shape on the $ADA price chart, reflecting an extended period of compression. Historically, such formations often precede sharp volatility spikes, and in Cardano’s case, the longer the consolidation, the greater the potential upside move would be in play. In recent trading sessions, the ADA price today managed to gain nearly 18%, bouncing off the crucial $0.69 support level. This price zone now serves as a pivotal base for any upcoming bullish action. If ADA continues to hold this floor, the first upside target lies near $0.95, with higher levels like $1.15 and $1.35 emerging as critical resistance points to watch before year completion. Critical Levels Define Cardano’s Path Ahead For now, the Cardano price USD must maintain support at $0.69 more than ever to preserve the bullish setup. This is because a sustained strength here on from above this level could confirm the triangle breakout and odds suggest that ADA might push toward the $1.15-$1.35 resistance zone, before year-end if market sentiment turns positive. But, if momentum carries ADA price action over into 2026, projections suggest that ADA could climb as high as $1.90 or even $2, which would represent more than a 210% increase from what the current levels are when writing. However, a breakdown below $0.66-$0.69 would invalidate this bullish formation and shift focus toward lower supports areas. The coming weeks will therefore be pivotal for ADA, as whether the ADA crypto can convert its year-long compression into an explosive uptrend. Elliott Wave Outlook Strengthens the Bullish Case Adding depth to the bullish narrative, an early October X post reinforced optimism with an bullish ADA price forecast that aligns with Elliott Wave theory. The chart mapped ADA’s journey through previous market cycles, labeling 2024’s election rally as Wave 1 and 2025’s sideways movement as Wave 2 as an accumulation phase that is waiting for a powerful expansion move. According to this wave structure, the upcoming Wave 3 is projected to drive ADA toward the $3.37 mark, typically considered the strongest phase of a bullish cycle. The extended consolidation period seen in 2025 strengthens this theory, suggesting that ADA has been quietly building momentum beneath the surface. Recent liquidation events may have served as a “shakeout,” removing short-term traders and clearing the path for longer-term holders to accumulate positions before a breakout.

Cardano ( $ADA ) price rebounds from oversold conditions, testing $0.76 resistance. Low volume raises the risk of rejection back toward $0.49 support. Cardano ( $ADA ) price has confirmed an oversold bounce after finding strong support around the $0.49 region during the recent capitulation event. While the rebound has lifted sentiment among traders, the recovery is now encountering a critical resistance zone around $0.76, a level reinforced by multiple technical confluences. Renewed confidence in ADA’s next potential rally is can stem from the Hydra upgrade. The next move from this area will likely determine whether ADA continues higher or establishes a longer-term accumulation range. Cardano (ADA) Price Key Technical Points Oversold Reversal: ADA rebounded from $0.49 support following an extended sell-off, confirming short-term relief. Major Resistance Zone: The $0.76 region aligns with an older order block, the Point of Control (POC), and structural resistance. Volume Profile: Current bounce is occurring on low volume, signaling caution for potential rejection. The recent bounce in Cardano’s price structure comes after a strong downward leg that left the asset in deeply oversold territory. The recovery from $0.49, a key higher time frame support level, has reaffirmed buyers’ presence, but the move remains technically fragile. The rally’s low volume indicates limited participation, suggesting that the market may lack the momentum needed to break above nearby resistance zones. At present, the $0.76 region stands as a decisive test. This level represents both an older order block and a Point of Control, areas where significant trading activity previously occurred. These overlapping technical factors form a zone of resistance where sellers may look to defend their positions. If ADA fails to break through this region with convincing volume, a rejection and subsequent rotation toward $0.49 support become increasingly likely. Should such a move unfold, it would likely fill the exposed wick left behind during the bounce, a common pattern in Cardano’s historical price behavior. From a structural perspective, this would set the stage for the development of a broader trading range between $0.49 and $0.76, allowing the market to establish an accumulation base before attempting another push higher. The current setup highlights a classic recovery scenario where an oversold bounce meets structural resistance. For bullish continuation to remain valid, Cardano needs to reclaim and hold above $0.76 on daily closes, ideally accompanied by rising volume and increasing open interest. Failure to do so could lead to further range-bound trading, potentially forming a mid-term consolidation channel. What to expect in the coming price action Cardano’s short-term bias remains neutral to cautiously bullish while trading below $0.76. A clean breakout with strong volume could open the door to targets near $0.90 and $1.00, while rejection from this zone would likely see price rotate back toward $0.49 support. If the latter scenario plays out, it could mark the beginning of a wider consolidation range between $0.49 and $0.76, a structure that would provide a stronger foundation for the next bullish expansion phase.

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The market isn’t dead it’s just catching its breath. 🌀 Whether prices dip or pump next, the smartest move is knowing how to react, not just when. Right now, $ADA is showing signs of accumulation after a long consolidation, a potential setup if momentum returns. Meanwhile, $BGB continues to hold steady, backed by strong ecosystem growth and consistent demand from traders. With Bitget #GetAgent Plus, you get personalized insights like these, real-time data, and strategies tailored to your portfolio , so you can act with confidence in any market. Stay one step ahead. Start smarter trading with GetAgent Plus today.