Cardano News Today: Cardano's $0.63 Support Test Could Determine $1.70 Fate

Cardano's ADA is poised at a critical juncture as the cryptocurrency consolidates near the $0.63 support level, a threshold analysts say could determine whether it resumes its bullish trajectory toward $1.70. Technical assessments highlight a symmetrical triangle pattern that has defined ADA's price action since early 2025, with the lower boundary at $0.63 serving as a pivotal support zone. If ADA holds this level, it could trigger a rebound toward $0.85 and set the stage for a breakout to $1.70, according to a Coinotag analysis and a CryptoFront News assessment.

The symmetrical triangle, characterized by converging trendlines and decreasing volatility, suggests an impending directional move. A breakdown below $0.63 risks a slide toward $0.50, invalidating the bullish setup, while a sustained rebound above $0.736 could validate the pattern's upside potential. CoinMarketCap data shows ADA trading at $0.65 as of October 25, with a 0.65% 24-hour gain and a market capitalization of $23.57 billion, a figure also reported by Coinotag. However, trading volume has contracted by 38% to $448 million, signaling cautious sentiment ahead of a potential breakout.

Expert analyses underscore the significance of $0.63. Man of Bitcoin notes that a break above the descending trendline at $0.684 could activate an ABC corrective pattern, targeting $0.85 as the next key resistance. Projections extend to $1.10, $1.30, and ultimately $1.70 by early 2026, contingent on broader market conditions. Meanwhile, Ali Charts emphasizes that 70% of historical symmetrical triangles in ADA's chart have resolved bullishly when supported by rising fundamentals, such as Cardano's 70% staking participation rate.

Fundamental developments also bolster the bullish case. Cardano's upcoming AMA sessions on October 27, organized by the Cardano Foundation, will discuss initiatives to apply for .ada and .cardano generic Top-Level Domains (gTLDs), according to TradingView. This move aims to enhance trust and innovation within the ecosystem, potentially attracting new users and developers. Additionally, on-chain metrics reveal growing adoption, with wallet addresses increasing 5% month-over-month, as previously noted by Coinotag.

Market dynamics, however, remain mixed. While ADA bulls eye $0.85, whale activity has shifted toward alternative opportunities. For instance, large investors are accumulating Mutuum Finance (MUTM), a DeFi project in its presale phase, as ADA's price consolidation continues, according to Cryptopolitan. This highlights short-term uncertainty despite long-term technical optimism.

Technical indicators further complicate the outlook. A MACD golden cross below the zero line—a rare bullish signal—has emerged, historically preceding 60% price surges, as reported by Zycrypto. However, ADA faces immediate resistance between $0.74 and $0.77, reinforced by a downward trendline. Analysts like Zayn Node caution that a clean break above $0.72–$0.75 could propel ADA toward $1.02, while a drop below $0.60 risks a retest of $0.50.

The path to $1.70 hinges on maintaining $0.63 support. If successful, ADA's symmetrical triangle could resolve with a 157% rally, aligning with the 1.414 Fibonacci extension at $1.75, according to an analysis by The Crypto Basic. Broader catalysts, including potential ETF approvals and real-world payment integrations, could further accelerate adoption, Zycrypto notes.