Cardano Poised to Return to $1 ?
Cardano (ADA) confirms a decisive bullish test after reclaiming the checkpoint at $0.75-0.77, a level that had repeatedly rejected the price in recent months. This recovery comes with impulsive momentum and strong volume influx, indicating growing demand and renewed strength in ADA’s market structure.
Key technical points :
- Checkpoint recovery with volume : A decisive bullish test has emerged after several unsuccessful attempts. This clear breakthrough of the resistance level demonstrates the determination of medium and long-term buyers.
- Resistance at $1.19 in sight : The value consolidation level and high timeframe (HTF) resistance converge at this level, constituting a prime target for bulls.
- Sustained demand required : Bullish volume must continue to support the price during its rise toward these resistance zones.
A Key Support for a Potential 100% Bounce
The retest of the checkpoint marks a significant change in ADA’s medium-term structure. If ADA manages to maintain this level as support during upcoming sessions, it will pave the way for a continuation of the rally toward the value consolidation point, which currently corresponds to the HTF resistance at $1.19.
This region is a key target for bulls and marks a complete structural rotation from recent lows. However, for this to materialize, the checkpoint must be maintained on a weekly closing basis to confirm sustained momentum.
Subsequently, if this resistance at $1.2 is broken with volume, ADA could reach $1.6 to $1.8 as the next targets.
For the short term, ADA’s next major move will depend on its ability to maintain the point of control (POC) as a support base. If successful, the path to $1.19 opens with strong technical alignment. However, any weakness or decrease in volume could delay the movement, requiring a new consolidation phase before another upward attempt.
How to Buy Cardano on Bitget ?
ADA therefore shows a bullish potential of nearly 100% if bulls manifest in the coming weeks. Here’s a guide to leverage this momentum on Bitget :
- Sign up on Bitget : Create an account on Bitget via the official website or mobile app. Provide an email address or phone number, then complete identity verification (KYC) to access all features.
- Deposit funds : Once your account is activated, deposit funds in fiat currency (EUR, USD, etc.) via bank transfer or card, or transfer cryptocurrencies from another wallet.
- Access the Cardano market : Go to the trading section and select the ADA/USDT or ADA/USD pair. Bitget offers spot trading or leveraged options, depending on your strategy.
- Place a buy order : Choose a market order to buy immediately at the current price or a limit order to set a specific price. Validate the transaction after verifying the amount.
