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Cardano is showing early signs of renewed strength after weeks of downward pressure, and one market analyst believes the cryptocurrency may be building the foundation for a major move — potentially doubling in value if current price structure continues to develop.
The recent rebound places Cardano back above the $0.43 level at a moment when the broader crypto market is also recovering. ADA has climbed more than 2% in the past 24 hours, positioning itself for what could become its first positive weekly close in more than a month.
Cardano Reclaims Support and Rebuilds Confidence
Market analyst MMB Trader has been closely monitoring Cardano’s price structure and pointed out that the asset has shown considerable resilience at a crucial support zone. His analysis highlights the strength of the $0.40 region, noting that Cardano has repeatedly defended this level despite bearish market conditions.
ADA briefly dipped to $0.38 last week but quickly rebounded, closing back above the support region. Since then, price movement has remained constructive, consolidating above $0.40 before climbing toward $0.435 at the time of writing. The recovery has also been accompanied by stronger trading volume, reinforcing the possibility of continued upside.
The analyst stressed that these price behaviors align with early stages of a bullish impulse structure — one that historically leads to larger price expansions when support continues to hold.
Long-Term Structure Remains a Deciding Factor
While the short-term recovery is notable, the longer-term chart continues to play a defining role. Cardano has been moving beneath a multi-year descending trendline, which has capped every major upside attempt since 2021.
MMB Trader reminded followers that ADA was rejected at that trendline during its August peak, near $1.020. Following the rejection, the cryptocurrency shifted toward a critical weekly support level around $0.330, which helped establish a fresh base for accumulation.
Despite the long-term pressure, he noted that ADA’s defense of the $0.40 support keeps the possibility open for a structural reversal. According to the analysis, the support may become a critical entry zone for long-term investors if bullish momentum continues.
Price Targets Point to Significant Upside Potential
The analyst mapped out two primary upside targets based on the current technical structure. The first is a retest of the multi-year descending resistance trendline, which now sits around $0.819. When first identified, this target represented a full 100% price expansion relative to ADA’s position at the time of commentary. After the recent rebound, the upside to that level has narrowed to approximately 88%, but still represents a major move if market momentum strengthens.
If Cardano successfully breaks through the descending resistance trendline — something it has failed to do for several years — the next projected target is $1.390. This level slightly exceeds the December 2024 high of $1.32 and would represent roughly a 219% increase from current pricing.
MMB Trader emphasized that clearing the long-term trendline would mark a pivotal shift in Cardano’s macro structure, opening the door to broader bullish continuation.
Other Analysts See a Path to $1.30 and Beyond
MMB Trader is not the only market watcher forecasting a favorable outlook for ADA. At least two other analysts have recently shared bullish projections, pointing to similar structural signals on higher-timeframe charts.
Analyst Arman Shaban expects ADA to rise to $1.33, provided the asset maintains key support zones and preserves upward momentum during market corrections. Similarly, analyst BullStar expects a move to $1.30, citing what he described as a technical breakout from a descending trendline.
What stands out across these independent analyses is that none of the targets focus on price action below $1.00. Instead, all of them predict an eventual recovery into the $1.20–$1.40 range if market conditions stay supportive and structural resistance is reclaimed.
What Could Stand in the Way of a Cardano Rebound?
Even with renewed optimism, analysts acknowledge that risks remain. The multi-year descending trendline continues to be a powerful resistance level and could drive another downturn if ADA reaches it without sufficient momentum. Broader market sentiment also remains fragile following recent macro-driven volatility.
Furthermore, many altcoins — Cardano included — tend to rely heavily on Bitcoin’s direction. A prolonged correction in Bitcoin could temporarily halt ADA’s progress regardless of its individual bullish structure.
Still, analysts maintain that the $0.40 support is the line to watch. If it continues to hold, confidence around accumulation and long-term positioning is expected to strengthen.
Outlook
For now, Cardano’s technical picture has shifted from defensive to cautiously optimistic. The return above $0.43, combined with elevated buy-side volume and repeated defense of key support, has renewed interest among analysts and long-term holders.
Whether ADA reaches $0.819 or pushes beyond $1.30 will ultimately depend on its ability to maintain strong support, attract sustained demand, and break through its multi-year resistance barrier. But after five consecutive weeks of bearish closes, the market is watching closely — and early signals suggest that Cardano may finally be preparing for a significant move.
