Cardano: Will ADA hold THIS support or push towards $1.22?

• Cardano’s price consolidated near $1.08 after a strong weekly rally, signaling potential for further upside.
• Trading volume hit 18.3 million ADA, reflecting heightened investor interest and market activity.

Cardano[ADA] has emerged as the standout performer among the top 10 cryptocurrencies, posting an impressive 24% gain over the past seven days.

Currently, ranked ninth by market capitalization, ADA boasts a valuation of over $38.1 billion.

Cardano price analysis: Sustaining momentum

Cardano’s recent rally has pushed its price to $1.0856, marking a sustained recovery after months of consolidation. The chart shows critical technical indicators, highlighting the asset’s key support and resistance levels.

ADA’s price has retraced slightly from its recent high of $1.1076. It currently sits between the 61.8% and 50.0% Fibonacci levels, with support observed near $1.0161. A push above the $1.1076 resistance could pave the way for further upside toward the $1.2292 mark.

Source: TradingView

A golden cross, where the 50-day Moving Average(MA) at $1.0050 crosses above the 200-day MA at $0.5374, indicates strong bullish momentum. This pattern reinforces the uptrend and signals the potential for sustained price increases.

Cardano’s trading volume stands at 18.3 million ADA, reflecting heightened investor interest. The Squeeze Momentum Indicator (SZO) suggests that bullish momentum remains intact, with positive values supporting further gains in the short term.

Key Cardano levels to watch

Immediate support lies at $1.0161, aligning with the 50% Fibonacci level. A breach of this could see ADA testing the $0.8842 level. On the upside, strong resistance is expected at $1.1076, with further upside likely targeting $1.2292.

Cardano’s impressive weekly performance can be attributed to several factors. These include increased adoption of its blockchain for DeFi and NFT projects and renewed market optimism following key ecosystem developments.

Data from Crypto Slam showed that the total number of NFT transactions increased by almost 5% in the last seven days.

Additionally, analysis of data from DefiLlama showed that its TVL increased in the last seven days from around $423 million to over $565 million. The broader market’s recent bullish sentiment has also contributed to ADA’s upward trajectory.

Source: DefiLlama

The bigger picture

As the highest gainer among the top ten cryptocurrencies, Cardano’s momentum signals growing investor confidence in its long-term potential. However, ADA will need to sustain its current trajectory to maintain its position and challenge the next resistance levels.

– Read Cardano (ADA) Price Prediction 2025-26

Market participants should monitor trading volume, momentum indicators, and broader crypto market trends to gauge the asset’s next moves.