Cardano Holds Support, Watch for $0.66 Breakout T

Cardano Holds Support, Watch for $0.66 Breakout

The current price action sits just below the 9-period EMA, which is at $0.62680. A breakout above this short-term resistance could trigger renewed interest from buyers, especially if the price can reclaim the 20-period SMA at $0.63163. Reclaiming this moving average zone often signals a shift in sentiment from bearish to neutral, and eventually to bullish.

What’s more encouraging is that the broader support structure remains intact. ADA has respected the $0.60 level multiple times, forming a potential triple bottom pattern. This setup is often seen as a bullish signal, especially when accompanied by decreasing selling volume and signs of buyer accumulation.

The longer-term resistance levels at $0.65755, $0.66020, and $0.70794 may serve as the next upside targets. If ADA breaks through the $0.66 zone, the move could accelerate toward the 200-period SMA, currently at $0.70794, which would be a major technical milestone and a likely magnet for price.