Cardano News Today: Cardano's $0.96 Hurdle: Bulls Aim for $1.20, Bears Warn of 22% Drop

Cardano (ADA) is currently trading near $0.87, with analysts highlighting a critical technical threshold at $0.96 as a potential catalyst for a significant price rally. The token has consolidated above key support levels, setting up a scenario where a breakout could propel ADA toward $1.20 within 4-6 weeks, according to technical analysis from multiple sources. This forecast hinges on sustained momentum above $0.85 and broader market conditions supporting altcoin activityADA Price Prediction: Cardano Eyes $0.96 Resistance Break for^[1].

Technical indicators reinforce the bullish case. The RSI (55.46) remains neutral, MACD histogram shows positive momentum (0.0018), and ADA's position at 0.66 within Bollinger Bands aligns with the $0.92 upper band, a precursor to the $0.96 target. Analysts note that a sustained close above $0.96 would invalidate bearish scenarios and open the path to $1.02, where profit-taking from long-term holders could emergeADA Price Prediction: Cardano Eyes $0.96 Resistance Break for^[1]. Volume data from Binance also suggests healthy institutional and retail participation, with $145.7 million in 24-hour trading activityADA Price Prediction: Cardano Eyes $0.96 Resistance Break for^[1].

Recent analyst forecasts add weight to the bullish narrative. CoinLore's target of $0.8559 has already been surpassed, while CoinCodex projects $0.902176 as a near-term goal. DigitalCoinPrice's longer-term $1.62 target, though ambitious, is supported by the technical setup. Meanwhile, crypto analyst Michaël van de Poppe predicts a "heavy run upwards" for ADA, followed by a 40% correction, with a potential new all-time high by 2026 if the breakout succeedsCardano (ADA) 2025 Breakout Scenario Predicted by …^[3].

The bearish risk remains anchored to the $0.78 lower Bollinger Band, which also serves as immediate support. A breakdown below this level could trigger a decline to $0.68, a 22% drop from current levels. Traders are advised to monitor the MACD for bearish crossovers and the RSI for overbought conditions (above 70) as invalidation signalsADA Price Prediction: Cardano Eyes $0.96 Resistance Break for^[1].

Market sentiment is further bolstered by elevated futures trading volume, which hit $6.96 billion-a five-month high-indicating growing liquidity and institutional interestCardano (ADA) Breakout Alert as Futures Hit Record^[4]. ADA's recent 20% weekly gain to $0.96 has fueled speculation about a retest of the $1 level, a psychological barrier not reached since earlier in the year. Analyst Ali Martinez notes that a confirmed breakout above $1 could attract additional inflows, reinforcing the bullish thesisCardano (ADA) Breakout Alert as Futures Hit Record^[4].

The broader altcoin market context also supports ADA's potential. The Altcoin Season Index stands at 51, signaling a transition from Bitcoin dominance to altcoin activityAltcoin Season Index Steady: Bitcoin Trends to Watch …^[5]. Historical patterns show that declining Bitcoin dominance often precedes altcoin rallies, with 2017 and 2021 cycles offering parallels. Current trends suggest a possible altcoin season in 2025, with ADA among the top performers if it sustains gains above $0.96Altcoin Season 2025 Will Be Bigger Than 2021 - Here’s Why^[6].