Cardano's native token, ADA, is trading around $0.42, stabilizing after a sharp decline and attempting to reclaim a short-term bullish structure. The price is grinding higher along an ascending trendline, pushing back towards the critical resistance zone between $0.47 and $0.485. This area has repeatedly rejected ADA's upside attempts, making the current phase decisive for determining whether a larger recovery can take shape.
Technical analysts are highlighting several bullish patterns. Crypto Yoda notes that ADA is respecting its ascending trendline, forming a series of higher lows. A breakout above the $0.475–$0.485 zone would signal a meaningful structural shift. Conversely, rejection could pull ADA back towards trendline support near $0.41–$0.42.
A clean inverse head-and-shoulders formation has been identified, with its neckline around $0.45. A decisive close above this level could open immediate upside targets at $0.490 (a local structural target) and $0.520 (the 0.618 Fibonacci retracement level). This pattern, historically associated with bullish reversals, aligns with ADA's recent behavior showing prolonged accumulation and a tightening price structure.
Longer-term charts suggest a potential macro recovery. Analyst Global Rashid highlights a multi-year falling wedge pattern that may be nearing completion. This broader analysis projects a potential bottom around $0.37–$0.40, with a recovery towards $0.80–$1.30 in 2026, and even larger upside estimates reaching up to the prior all-time high near $3.09. While speculative, this indicates growing confidence that ADA's multi-year corrective cycle could be exhausting.
Other analysts, including Rose Premium Signals, point to a bounce from key support near $0.40 and a falling wedge pattern, projecting a potential move toward $0.6 and higher targets like $1.60. However, the path is not without obstacles. Analyst Ali Martinez has flagged significant whale selling activity, with over 4 million ADA offloaded in one week in early November and total monthly sell-offs reaching 440 million ADA by mid-November.
For now, ADA remains positioned between tightening support and strong overhead resistance. The next breakout attempt is critical for determining whether the asset will embark on a bullish expansion towards $0.50–$0.52 or remain trapped in a grinding accumulation range.
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