Cardano (ADA) has staged an impressive rebound, posting an 8% monthly gain as traders eye its next major move. At the time of writing, ADA trades at $0.887, testing a key resistance zone between $0.88 and $0.90.
Analysts note that Cardano has been quietly building higher lows since early September, a bullish technical setup that could pave the way for further upside.
According to community analysts, a clean breakout above the $0.90 mark could spark momentum toward $0.92–$0.95, while the psychological $1.00 level remains the ultimate target in the near term.
On the downside, immediate support lies between $0.86–$0.855, with deeper cushions at $0.84 and $0.82 if the rally loses steam.
Market watchers believe that if buyers successfully hold above $0.90, the path toward $1 could quickly materialize, particularly if broader crypto sentiment stays supportive.
Momentum indicators also lean bullish, with ADA consolidating strongly near upper resistance levels. However, failure to push past $0.90 could see a pullback, invalidating the bullish structure and returning ADA to the mid-$0.80s range.
Cardano’s recovery comes amid a broader altcoin rotation, with traders shifting liquidity from Bitcoin into tokens with cleaner breakout setups.
Market optimism is also being fueled by expectations of a U.S. Federal Reserve rate cut, which could spark a new wave of risk-on sentiment across crypto markets. Analysts at CoinCodex project ADA could reach $1.37 by late November, a potential 59% rally from current levels.
However, geopolitical risks and macroeconomic volatility remain a threat. Analysts caution that if investor sentiment dips, Cardano could face another correction before attempting higher levels.
For now, ADA’s rebound has reignited bullish hopes, and traders are closely watching whether $0.90 will finally give way to a breakout run toward $1.
Cover image from ChatGPT, ADAUSD Chart from Tradingview
