Cardano (ADA) has regained its bullish footing after weeks of uncertainty in the market. The altcoin successfully reclaimed the $0.75 level, converting it into a support zone. This development marked a decisive shift in both the daily and 4-hour chart structures, giving traders a reason to believe that ADA could be gearing up for a move toward the $0.90 resistance area. The recovery comes as Bitcoin (BTC) trades near the $107,000 mark and shows signs of a potential breakout, which could add further fuel to ADA’s upward momentum.

On the 1-day chart, Cardano had previously dipped below the long-term range low of $0.69. However, the bulls quickly stepped in earlier in May to push the token back above this level. Since then, momentum has been steadily building. The price broke past the $0.756 level, a key resistance point that had been a swing high during ADA’s steep decline from $1.15 to $0.55. Surpassing this level and using it as support in the following days signals renewed buyer confidence and a clear shift in market sentiment.

The trend is also confirmed by technical indicators. The On-Balance Volume (OBV) has been climbing, indicating sustained buying pressure over the last few weeks. Volume trends play a crucial role in validating price action, and ADA’s recent volume patterns suggest strong demand. Meanwhile, the Relative Strength Index (RSI) is trending higher after bouncing off the neutral 50 mark. A rising RSI above 50 often reflects strengthening bullish momentum, and in this case, aligns with the overall positive outlook on Cardano’s price action.

Zooming in to the 4-hour chart, the bullish structure is equally apparent. ADA experienced a pullback to $0.72 recently but quickly recovered, maintaining its upward structure. A major breakthrough occurred when Cardano surpassed the descending trendline resistance, a level that had been capping prices for several sessions. This breakout invalidated the previous lower high at $0.743, indicating a shift in short-term trend direction.

The OBV on the 4-hour chart has been rising steadily, reinforcing the broader trend of increased accumulation. In addition, the RSI on this timeframe has pushed back above 50, supporting the bullish narrative and suggesting growing momentum in favor of the bulls.

While the price action and indicators support the bullish case, speculative interest and trading volume remain key to determining how far this rally can go. The current Long/Short Ratio from CoinGlass stands at 0.97, a relatively balanced figure that indicates a slight tilt in favor of long positions. However, the position sizes appear modest, and taker buy volume has not yet reached levels that suggest strong conviction from market participants.

The behavior of Bitcoin is another crucial factor in ADA’s path forward. Bitcoin has held steady around $107,000 and is now threatening a breakout beyond its all-time high of $108,700. If BTC continues its upward movement, it could boost sentiment across the crypto market and create favorable conditions for altcoins like Cardano to rise further. Historically, altcoins often rally after Bitcoin establishes a new high, and ADA could be well-positioned to benefit from such a move.

The next major price target for Cardano lies at the mid-range resistance of $0.90. Achieving this level will require continued bullish momentum, sustained trading volume, and a supportive broader market environment. A successful breakout beyond $0.90 could set the stage for a retest of higher resistance zones near $1.00 and beyond, which would mark a major milestone in ADA’s recovery journey.

In summary, Cardano is currently showing strong signs of a bullish reversal. The recovery of key support levels, coupled with favorable technical indicators and market structure shifts, paints a positive picture for ADA in the short term. While some caution is warranted due to relatively neutral speculative metrics, the foundation for a rally is clearly in place. Continued demand, supported by Bitcoin’s performance, could push Cardano toward its next resistance at $0.90 in the coming days.