4 hours ago
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TLDR:
- Cardano price trades near $0.775, with bulls repeatedly testing $0.83 resistance.
- ADA’s $0.70 support has held firm, forming higher lows since June 2023.
- A breakout above $0.83 could send Cardano toward the $1 and $2 targets.
- Weekly chart consolidation suggests strong potential for a major price move.
The market for Cardano has been tightening. Traders are watching the weekly chart closely, looking for the moment when the price breaks free.
The cryptocurrency has been stuck between a solid support level and a stubborn resistance line. This setup has been holding for months, but momentum is shifting. Bulls believe a decisive move could be near.
ADA Price Tests Resistance at $0.83
According to market data from CoinGecko, Cardano trades near $0.775 after a 5.6% decline in the last 24 hours. Despite the dip, it remains 3.83% higher than last week.
Cardano price on CoinGeckoThe chart shared by market analyst The Cryptomist shows ADA pressing against a descending trendline. This trendline has capped upward moves since a 2023 price spike.
The resistance sits around $0.83, and buyers have been testing it repeatedly. Below, support at $0.70 has held steady, giving bulls a platform to push higher. Price action shows higher lows forming since June 2023, suggesting accumulation.
Market watchers note that this pattern creates pressure against the resistance. If buyers break through $0.83, the path toward the $1 level becomes clearer. Above that, momentum could drive price toward the $2 target highlighted in The Cryptomist’s analysis.
Cardano Price Support at $0.70 Remains Firm
The $0.70 level has acted as a strong base over the past months. Even during broader market pullbacks, ADA has held above it. This has kept bullish sentiment alive and given traders confidence to buy dips.
Here is the #ADA weekly chart.
Higher the timeframe, bigger the breakout.
Bulls are knocking.
Suspect door opens on the next knock.
Target will take us close to $2 https://t.co/e52DrcKTwf pic.twitter.com/SByR3fKsZy
— The Cryptomist (@Thecryptomist) August 11, 2025
The higher lows since mid-2023 show that buyers are stepping in earlier during pullbacks. This reduces the risk of deeper drops and builds pressure against resistance. Many traders view such a setup as a sign of strength before a breakout.
However, the current consolidation means patience is still needed. A failed attempt at $0.83 could send ADA back toward the support zone. For now, the balance between support and resistance holds the market in a tight range.
Breakout Could Push Cardano Price Toward $2
If ADA breaks the $0.83 barrier, analysts expect a quick move toward $1. This level may bring selling pressure, but a sustained push could open the way to $2. That target aligns with historical trading ranges and psychological price points.
The weekly chart’s larger timeframe increases the breakout potential. Moves on this scale often carry more weight, as long-term traders step in. The Cryptomist’s view is that the next bullish push could be the one to clear resistance.
For now, ADA’s next direction depends on whether bulls can deliver the breakout or if resistance holds once more. Traders remain alert as the range tightens, knowing that a move is likely coming soon.
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