Cardano price is stabilizing near key support levels around $0.60, with participants eyeing a potential rebound as momentum and on-chain signals show early signs of recovery.
After a volatile few sessions, Cardano price appears to be finding its footing again near a crucial support zone. Price action has steadied around $0.60, an area that previously fueled strong rebounds, hinting that buyers might be stepping back in.
Cardano price is trading around $0.72, up 0.66% in the last 24 hours. Source: Brave New Coin
Cardano Finds Support in Strong Bounce Zone
Cardano has returned to a major support area around $0.60 to $0.62, where the price previously found strong buying interest. This same level has triggered multiple rebounds over the last few months, making it a reliable base for now.
Cardano price rebounds from a strong support zone near $0.60, hinting at renewed buyer interest and potential short-term recovery momentum. Source: Zoe via X
If buyers manage to defend this zone again, a short-term recovery towards $0.68–$0.70 could follow. As Zoe pointed out, this is a weekly support range that has held up well in the past, suggesting that a rebound phase might be close if momentum improves.
Re-Accumulation Phase Still Intact Above Key Zone
The overall broader chart shows Cardano price continuing to hold above its key accumulation zone between $0.55 and $0.60. ADA Price remains supported above this area while consolidating under resistance near $0.75 to $0.78.
Cardano continues to consolidate within its re-accumulation range, holding strong above $0.55 support while traders watch for a breakout above $0.70. Source: Daniel Ramsey via X
According to Daniel Ramsey, this range still looks like re-accumulation rather than breakdown. If ADA stays above the lower boundary and reclaims the EMA 100 zone near $0.70, the structure could reset for a new leg upward. The bias remains constructive as long as $0.55 support holds on the weekly time frame.
Cardano Short-Term Analysis
On the 4-hour chart, Cardano price is forming a falling wedge pattern, a structure that often signals a reversal when confirmed. The lower edge near $0.65 acts as support, while the upper trendline resistance sits close to $0.70.
Cardano’s short-term wedge pattern hints at a potential bullish reversal, with $0.70 standing as the key breakout level to watch. Source: Sssebi via X
If ADA closes above $0.70 with strong volume, it could confirm a breakout and open a move towards $0.75 to $0.78. This short-term setup shows that ADA Cardano bulls still have room to fight back.
On-Chain Data Shows Growing Confidence
Cardano’s Chaikin Money Flow (CMF) has reached a three-month high, signaling strong capital inflows. This uptick often appears during early stages of accumulation, showing that investors are gradually stepping back in after the recent sell-off.
Cardano’s on-chain metrics show rising capital inflows, signaling growing investor confidence and the potential start of a new accumulation phase. Source: TapTools via X
As noted by TapTools, such trends have historically matched the start of recovery phases in past market cycles. If inflows remain steady and CMF stays positive, ADA could strengthen its foundation for a larger rebound in the coming weeks.
Final Thoughts: ADA Showing Early Signs of Stability
Despite recent volatility, Cardano continues to show strength around its key support levels. Technical patterns hint at a slow but steady recovery, while on-chain metrics confirm growing investor confidence.
If ADA maintains its footing above $0.60 and volume starts to rise again, the current bounce zone could evolve into the base for a broader recovery trend, one that aligns both technical and on-chain strength in the coming weeks. A push above $0.70 would likely invite stronger momentum towards $0.78 to $0.80, marking the first real confirmation of a reversal.
While short-term pressure remains, the market structure still favors gradual rebuilding, giving bulls a fair chance to regain control as sentiment improves.
