Cardano is catching some attention this week as it hangs around a pretty important price level. According to a weekly chart and a fresh update by market analyst Trend Rider, the price of ADA is sitting right inside the “Rider Band,” a support zone that’s been holding up so far. Even though the price action has cooled off a bit, there are early signs that a bounce might be forming across multiple timeframes.

Trend Rider called out a possible Strategy #2 setup in play. The bounce signal is flashing on the weekly chart and already confirmed on the daily. As long as ADA price stays above $0.55, which the analyst marks as the line where the bullish trend breaks, the setup stays valid. The tweet also mentioned that the oscillator looks stable now, and money flow, which had been dropping, is starting to flatten out.

On the weekly chart, ADA price is consolidating within a wide range following a strong upward movement earlier this year. The Rider Band is providing a short-term structure, with candles repeatedly testing the midrange support zone between $0.58 and $0.60. This zone has historically acted as a foundation for upward movements.

The chart also shows resistance in the $0.90–$1.00 range, where prior rallies lost momentum. If the current support fails, analysts highlight the $0.55 level as the next threshold. A breakdown below that area could open the door for liquidations down to $0.47.

Moreover, volume indicators show that money flows into ADA were rising through Q4 2024 and into January. However, this momentum slowed in the following months, aligning with declining weekly candles. More recently, the money flow oscillator has stabilized, suggesting the outflow may be weakening.

While this shift does not guarantee upward momentum, analysts consider it a preliminary signal of possible price recovery. The bounce scenario remains dependent on price holding the current support zone and broader market behavior, particularly movements in the Nasdaq.

Trend Rider’s Strategy #2 appears to focus on identifying pullbacks followed by confirmation signals. According to the tweet, this setup is already confirmed on the daily timeframe. The strategy involves entering near support when indicators signal a reversal or pause in selling pressure.

For traders, the current level presents a potential entry if the signal remains intact. For longer-term holders, the suggested accumulation zone lies between $0.58 and $0.60, with a warning to exit or reassess if the price breaks below $0.55.

Read Also: Billions In XRP Moved and Locked on Ripple – What’s Behind This?

While the analysis suggests a possible bounce, the outlook remains cautious. The tweet advises monitoring macro factors, particularly Nasdaq performance, which could influence crypto price behavior. The current level serves as a key technical juncture where either a rebound or further downside could follow based on short-term confirmations.

As ADA price trades within this narrow range, the next few sessions may determine whether the asset continues consolidating or re-enters a directional trend.

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The post Cardano (ADA) Price Hints at a Bounce: This Signal Says the Bulls Might Not Be Done appeared first on CaptainAltcoin.

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