Cardano holds $0.25 support as ADA eyes $0.36 and $0.53 targets while momentum indicators show recovery strength.
Cardano traded near $0.2760 on the daily chart as buyers defended the $0.25 support area.
Analysts are tracking this level because ADA has rebounded from the same zone in past market cycles.
The current setup keeps attention on $0.36 and $0.53 as possible upside targets, while a break below $0.25 could weaken the recovery.
Cardano Holds the $0.25 Support Zone
Cardano is trading above the $0.25 support level after a recent pullback from higher prices. The ADA/USD daily chart shows price holding between $0.25 and $0.27.
This area is being watched because it has acted as support before. A daily close below $0.25 could reduce buyer control and bring lower levels into focus.
The monthly chart has added more attention to this price zone. In January 2023, ADA bounced from $0.25 and later moved higher by 88.27%.
The same level was also held in September 2023. That rebound was followed by a 243% price increase during the next market advance.
Analysts now see the level as a key test for the current structure. Holding $0.25 may support the short-term recovery attempt.
However, the broader trend remains weak while ADA trades below major resistance levels. Price has not yet confirmed a full trend reversal.
Traders Eye $0.36 and $0.53 Targets
The first upside target watched by traders is $0.36. This area sits above the current market price and marks a near-term resistance level.
A move toward $0.36 would need ADA to keep holding above $0.25. It would also need stronger buying pressure on the daily chart.
The second target watched by analysts is $0.53. This level is close to the 0.786 Fibonacci retracement at $0.5017.
The Fibonacci range on the chart is measured from $0.1806 to $0.9465. ADA remains well below the main retracement levels.
The 0.618 level is near $0.5968, while the 0.5 level is near $0.6636. These zones may act as resistance if price extends higher.
The $0.38 to $0.40 area also remains important. This zone acted as support before the decline and may now act as resistance.
A break above $0.5017 would improve the daily chart structure. It could also support a wider move toward higher Fibonacci levels.
Until that happens, ADA remains in a recovery phase below key barriers. The next move depends on support holding and resistance tests.
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Momentum Improves While Downside Risk Remains
Momentum indicators show short-term strength on the daily chart. The RSI is near 67.5, which shows active buying interest.
The RSI is also close to the overbought area. This means price may face pressure if buyers slow near resistance.
The MACD remains positive on the same chart. The MACD line is above the signal line, and the histogram is slightly green.
ADA holds $0.25 support as momentum improves. Source: TradingView.This setup supports the current rebound. Still, price action must confirm the move with stronger daily closes.
A failure to hold $0.25 would weaken the recovery. It could open the way toward $0.20 and the $0.1806 range low.
For now, Cardano remains above a watched support zone. Traders are focused on $0.25, $0.36, and $0.53 as the next key levels.
Source: https://www.livebitcoinnews.com/cardano-holds-0-25-support-as-analysts-eye-0-36-and-0-53-targets/
