Cardano (ADA) Price Forecast: Can ADA Reclaim $1.39 After a Period of Volatility?

• Cardano (ADA) is trading around $0.6759, holding above a key support zone at $0.58–$0.61, aligned with the 0.786 Fibonacci retracement level.
• A potential reversal pattern is forming, with upside targets at $1.0463, $1.2145, and $1.3984 if the breakout confirms.
• A breakdown below the critical support zone could invalidate the bullish setup and lead to increased selling pressure.

Cardano (ADA) is on the verge of a breakout and experiencing a surge in its price with the overall market after several weeks of market volatility triggered by macro factors. Now the ADA is forming a reversal pattern and moving towards a very important Fibonacci retracement. Both traders and investors are closely watching the this coin to recover the losses from the recent prolonged volatility. If a successful breakout occurs, it will lead to a maximum target around the $1.39 area.

At the time of writing, ADA is trading at $0.6759 with a 24-hour trading volume of $481.26M and a market capitalization of $23.89B. The ADA price over the last 24 hours is up by 1.53%, and over the last week it has been stable and showing high potential for the next major rally.