- Cardano maintains its uptrend with higher lows forming and $0.65 acting as a crucial price support.
- Analyst Charting Guy says ADA is fine as long as the long-term uptrend structure stays intact.
- The Fibonacci target near 1.272 remains the next projected zone if ADA sustains its bullish pattern.
Cardano (ADA) is trading near $0.665 after a minor gain of 0.53% according to data shared by market analyst Charting Guy. The weekly chart shows ADA maintaining its upward trajectory, holding above the long-term trendline that has supported price action since 2023.
The analyst confirmed that ADA remains “fine as long as the uptrend holds,” suggesting that the current structure continues to support bullish sentiment. Each previous breakout has followed a pattern of lower highs, followed by a strong reversal once resistance lines were breached. This pattern is visible across three consecutive cycles on the chart, with the latest setup mirroring previous bullish formations.
Current data shows ADA forming a new higher low around $0.65, a key level that has historically acted as the base for recoveries. If this structure persists, traders expect the next Fibonacci target at 1.272, which corresponds to the $2.70 range. The technical projection points to a potential long-term continuation toward that level by mid-2026.
Technical Analysis Shows Clear Repetitive Pattern Forming
The weekly chart highlights a consistent sequence of descending resistance lines followed by rounded bottoms, which typically precede upward breakouts. This cyclical formation suggests accumulation before renewed price expansion. The chart displays three clear instances of this structure since 2021, with each leading to a higher reversal point.
The blue descending lines drawn on each phase show the completion of prior bearish cycles. Once these lines were broken, ADA experienced accelerated gains. The green curves marking the base of each pattern indicate that bullish accumulation often strengthens as price approaches support.
Analyst projections indicate that ADA’s next significant upward phase could begin once the current resistance line near $0.85 is breached. A breakout above that level could confirm a trend reversal similar to the 2024 rally. If momentum strengthens, this setup could evolve into a full-scale continuation pattern aligned with long-term Fibonacci extension zone.
Analyst Perspective and Market Outlook
Charting Guy’s technical commentary suggests that Cardano’s uptrend remains stable and that market conditions continue to support gradual appreciation. He noted that ADA’s structure mirrors its past cycles, where each recovery began after forming higher lows and clearing diagonal resistance lines.
The $0.65 area has now become a critical point of control for traders monitoring the next move. Holding above this price range will likely preserve ADA’s bullish outlook. Market participants view this as a healthy consolidation phase rather than a reversal.
According to the analysis, ADA’s long-term Fibonacci target remains the 1.272 level, aligning with prior technical expectations. This target implies a sustained continuation within the existing structure if price action remains consistent.
Can Cardano maintain this pattern of higher lows long enough to sustain its uptrend and achieve the projected Fibonacci target near $2.70?
