Cardano is starting to show real signs of life again after weeks of dull price action. ADA is currently trading at $0.57 as it confirms flipping green on the weekly chart, and market participants are now watching closely as key reversal signals<\/a> start stacking up.<\/p>\n
Cardano’s current price is $0.57.00, down -0.83% in the last 24 hours. Source: Brave New Coin<\/a><\/p>\n
Cardano just flipped green on the weekly timeframe, marking a notable shift after weeks of downward pressure. As shared by analyst Av_Sebastian<\/a>, the candle is closing firmly above $0.58. This weekly close is the first strong sign of buyer strength returning, and it opens the door for potential continuation in the coming sessions.<\/p>\n
ADA flips its weekly candle green, signaling a potential trend reversal. Source: Av_Sebastian<\/a> via X<\/p>\n
On the chart, ADA has found support multiple times just above the $0.50\u2013$0.52 zone, and now it\u2019s pushing off that floor with rising volume. If momentum builds and price breaks above<\/a> the $0.61 to $0.63 resistance cluster, it would confirm a short-term reversal and possibly target the $0.70 range next. For now, bulls will want to see the $0.58 level hold to keep the structure intact.<\/p>\n
Building on its recent weekly strength, Cardano just made a significant move<\/a> on the 2-week chart, breaking above the Ichimoku cloud in late 2024. As noted by Cantonese Cat<\/a>, the breakout was followed by a textbook back-test of the cloud\u2019s upper boundary, a move that often signals a shift in trend. The structure also shows a consistent pattern of higher lows and higher highs.<\/p>\n
Cardano confirms a bullish Ichimoku breakout with a clean retest on the 2-week chart, eyeing the $0.70\u2013$0.80 zone next. Source: Cantonese Cat<\/a> via X<\/p>\n
On top of bullish technicals, Cardano just posted a massive on-chain milestone. According to TapTools<\/a>, the network processed 276 billion ADA worth of transactions over the past 67 days, equivalent to roughly $165 billion at market prices.<\/p>\n
Cardano processes 276B ADA in just over two months, signaling growing network strength. Source: TapTools<\/a> via X<\/p>\n
Cardano is now sitting right at a major bounce zone<\/a> on the weekly chart. According to analyst Claire<\/a>, the $0.50 to $0.52 region has already seen two significant reactions, and this third touch could be the make moment. The chart outlines a triple bottom structure with a falling wedge pattern forming overhead. If bulls defend this support and push off convincingly, key upside targets emerge at $0.9024, $1.1281, and $1.4160.<\/p>\n
Cardano sits at a key bounce zone with a triple bottom forming, with targets set at $1.41. Source: Claire<\/a> via X<\/p>\n
Just like the weekly chart, the lower-timeframe setup for ADA price is starting to form a potential triple bottom. Analyst Ali<\/a> highlights the $0.54 zone as a key level to watch; price has bounced off it multiple times, and it now lines up with a strong support region.<\/p>\n
ADA forms a potential triple bottom near $0.54 on lower time frames. Source: Ali<\/a> via X<\/p>\n
Cardano\u2019s recent bounce isn\u2019t just another random green candle; it\u2019s backed by solid technicals, strong on-chain metrics, and growing sentiment<\/a>. From flipping the weekly chart green to retesting the Ichimoku cloud on the 2-week, ADA is quietly stacking signals that suggest bulls are about to take complete control.<\/p>\n