"ADA Holds Key Support, Eyes $1 as Bulls Charge"

Crypto analyst Ali Martinez has identified key support levels for Cardano (ADA) price between $0.67 and $0.80, which have historically acted as both resistance and support for the altcoin. The repeated interaction with this range indicates its significance in determining ADA price direction and sustaining the current bullish trend.

In a recent analysis, Martinez highlighted that Cardano price has repeatedly tested the $0.67–$0.80 range, providing stability for ADA and preventing further declines. This support area has been critical during both uptrends and corrections, signaling strong buying interest when ADA holds above it.

Recent market data indicates that ADA remains within this support range, maintaining its position despite market fluctuations. If buying pressure persists, Cardano price could establish a stronger footing and attempt an upward breakout. Meanwhile, Grok 3 AI highlighted Cardano’s strong decentralization as a driving force behind its potential rally to $5-$6 in this bull cycle, provided it can break key resistance levels.

Technical indicators suggest growing buying pressure for Cardano. The altcoin is currently testing the 20-day Exponential Moving Average (EMA), and a break above it could signal a rally. The 1-day moving average indicates that Cardano price is holding above key support levels, providing a foundation for an altcoin rally. Additionally, the MACD line is above the signal line, signaling a bullish crossover. If ADA maintains its position above $0.75 and builds on this momentum, it will break the $0.80 resistance and push higher in the short term.

The Parabolic Stop and Reverse (SAR) indicator positions its dotted lines below Cardano price, suggesting that ADA price has found a strong support base and reinforcing the likelihood of an upward move. If Cardano price remains above the key support range of $0.67–$0.80 and manages to break above resistance levels, analysts project a potential rally toward $0.94, paving the way for ADA to revisit the $1 mark.

Conversely, if ADA fails to sustain support above $0.67, selling pressure could increase, driving the price lower. In such a scenario, the next key support level would be around $0.54, where buyers might re-enter the market. Another analyst shared bullish sentiments,