Why is Cardano Going Up, And Will the Rally Continue?

Key Takeaways

Cardano (ADA) follows a 910-day ascending support trend line.
ADA has created a short-term bullish pattern after preventing a breakdown.
Has ADA started a bullish trend reversal, and if yes, will the rally continue?

Cardano caught traders off guard this week with a sharp rebound from a long-term trend line it has respected for nearly three years.

After several weeks of steady losses, ADA is finally showing signs of life, and investors are now asking: Why is Cardano going up in the middle of a bearish market?

The answer lies in a mix of critical support levels, bullish divergences, and a failed breakdown that could mark the beginning of a trend reversal.

A spike in 24-hour trading volume added fuel to the rally as well.

Here’s what the charts are actually telling us.

Cardano Price Analysis

The weekly time frame chart shows that Cardano has increased alongside a diagonal support trend line since July 2023.

Every major reversal in this cycle began at this exact line, making it the most important level on the chart.

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Bearish Momentum Building

Momentum indicators confirm that ADA’s price will break down.

The Relative Strength Index (RSI) is below 50.
The Moving Average Convergence/Divergence (MACD) is negative.
Both indicators are trending downward.

ADA Weekly — ADA/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

Once the price of ADA breaks down below the trend line, it could plummet to the next support at $0.32.

As a result, the ADA price faces a downside of another 25% once it crashes below the long-term support trend line.

Why is Cardano Going Up?

The weekly ADA chart is decisively bearish. However, the six-hour timeframe suggests a bounce is likely.

There are several reasons for this:

A failed breakdown below the $0.390 horizontal area.
Bullish divergence in the RSI.
Bullish divergence in the MACD.

ADA Breakout — ADA/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

These signs collectively indicate a bullish Cardano price prediction.

Once the resistance trend line is broken, ADA’s price could surge.

The next resistance lies between $0.49 and $0.51, representing a 20% surge from the current price.

Key Resistance Ahead

Cardano is sitting at one of the most important levels in its entire market cycle.

Short-term indicators suggest a bullish reversal, explaining why Cardano is experiencing an upward trend.

However, long-term downside risks remain if ADA loses its 910-day support trend line.

A breakout above short-term resistance could launch a 20% rally.

A breakdown could trigger a deeper fall toward $0.32.

The next few days will determine which scenario wins.

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About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

[email protected]

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Cardano (ADA) Rebounds After Volume Explodes — 20% Price Surge Next?

Cardano Price Analysis

Bearish Momentum Building

Why is Cardano Going Up?

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