2025-7-18 22:30 |
Cardano price just broke out of a long-term descending channel, and that’s caught the attention of traders and analysts across the board. One of them, Marcus Corvinus on X, says ADA could be on track to break above $1.00 if the momentum keeps up. His tweet quickly made the rounds, pointing to a clear trend reversal and some key levels to keep an eye on in the coming days.
At writing, ADA price is hovering just under a key resistance zone between $0.77 and $0.82. The breakout has brought a noticeable spike in volume and a fresh wave of optimism.
According to the analyst, this move is a complete “script flip,” and if ADA can push through and hold above $0.82, the path toward $1.18 might open up.
Cardano Price Breakout From Downtrend Channel Signals Shift in StructureADA had remained within a clearly defined descending channel throughout much of late 2024 and early 2025. This pattern held the asset in a downward trajectory, forming consistent lower highs and lower lows.
The upper trendline of the channel acted as dynamic resistance for several months, rejecting price attempts during multiple rallies.
In early July, Cardano price broke above this structure, confirming a shift in trend. ADA closed several daily candles above the upper boundary, which signaled a clean technical breakout. The pattern is supported by rising lows and strengthening bullish momentum, with buyers now controlling short-term market direction.
Image Source: X/MarcusCorvinus ADA Price Resistance and Support Zones to WatchThe immediate task for ADA is the resistance zone between $0.77 and $0.82. This zone has been a theme on the chart, acting as support and resistance in previous cycles. A break above $0.82, if confirmed, would clear the path for a move to $1.18, a point that coincides with past supply zones.
Support is forming around $0.68, the price level that underpins ADA’s recent consolidation. Should a pullback occur, this zone may serve as a launchpad for further gains.
A second support area exists near $0.58, which was previously the mid-range point during ADA’s multi-month downtrend. These levels offer a technical foundation for price continuation, assuming the bullish trend remains intact.
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Cardano Market Momentum Builds as Confidence ReturnsThe structure of the recent candles shows expansion in body size, which often correlates with growing momentum. While volume data is not displayed directly on the chart, the visual patterns point to stronger buying pressure. The asset’s move through several resistance levels reinforces the current trend bias.
Marcus Corvinus summarized the sentiment by stating, “Cardano has officially broken out… Momentum is back. Confidence is rising.” The tweet highlights a renewed bullish outlook among traders watching ADA’s recovery. With technical conditions now aligning, analysts are beginning to position targets around the $1.00–$1.18 zone, provided key resistance levels are cleared.
Moreover, the daily structure now confirms a reversal, with the trend moving in favor of bulls. As long as the ADA price remains above $0.68, price action supports further upside. A close above $0.82 would be required to validate a move toward $1.18. While some retracement is possible, the current formation offers a constructive path forward for ADA in the near term.
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The post Analyst Says Cardano (ADA) Price Could Hit $1+ Soon – Here’s What He Sees appeared first on CaptainAltcoin.
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