Cardano price is defending the $0.79 support, backed by Fibonacci confluence and the lower Bollinger Bands. Market structure remains bullish, with the next upside objective set at $1.19.
Summary
- Cardano is holding $0.79 support, reinforced by Fibonacci and Bollinger Band confluence.
- Market structure remains bullish with consecutive higher highs and higher lows.
- Next upside target is $1.19, contingent on sustained bullish volume.
Cardano (ADA) is currently holding firm above a major high time frame support level at $0.79. This zone has multiple technical confluences, reinforcing its importance as a structural foundation for continuation higher. With the Grayscale ADA ETF deadline approaching, Cardano is also eyeing a breakout that could strengthen its bullish outlook. With bullish market structure already confirmed, ADA is positioning itself for a potential move back toward higher resistance levels.
Cardano price key technical points
- Support at $0.79: Confluence of 0.618 Fibonacci retracement and lower Bollinger Bands.
- Bullish Market Structure: Higher highs and higher lows confirmed since the last breakout.
- Upside Resistance at $1.19: Next major target if momentum continues higher.
The $0.79 level has become the anchor of Cardano’s current price action. With the 0.618 Fibonacci retracement aligning at this zone and the lower Bollinger Bands providing an additional cushion, the technical setup strongly favors support holding. This region is where buyers are stepping in, preventing further downside and reinforcing bullish momentum.
From a structural standpoint, ADA continues to follow a bullish trajectory. The breakout above the previous high confirmed the market’s bull
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Author: Aziz Zamani
