Cardano Price Forecast: ADA Has Reached a Level That Triggered Significant Rallies Previously – Will It Happen Again?

More than a year of consolidation might have led to this pivotal launch moment, as a significant demand zone brings bullish Cardano price forecasts back into the spotlight.

Last week witnessed the tenth-largest liquidation event in crypto history, which caused most altcoins to drop to their cycle lows.

For Cardano, this sell-off holds particular importance. ADA is currently retesting its crucial bull market validation zone, with historical support around $0.2775 that has persisted since late 2023.

ADA USD 1-day chart, historic $0.2775 demand zone. Source: TradingView.

Although retail involvement remains cautious, on-chain and order-flow indicators imply that savvy investors are viewing the situation as a buy-the-dip chance.

Large whale orders clustered around the sell-off point indicate accumulation rather than capitulation.

Cardano spot average order size. Source: CryptoQuant.

Instead of signaling structural failure, the liquidation event may be establishing the foundation for a high-conviction reversal setup, as weaker holders are flushed out.

Despite the short-term perspective, whales appear to be anticipating a broader market movement, signaling a potential Cardano price recovery.

Cardano Price Forecast: Is History Set to Repeat?

This launchpad arrangement might be the catalyst that finally enables Cardano to break free from the year-long consolidation that has constrained its price within a descending channel.

Even though a prior breakout attempt did not gain momentum, intelligent investors seem to remain dedicated to the larger setup, with accumulation persisting beyond the false signal.

Momentum indicators bolster the argument for a sustainable bottom. On the weekly chart, the RSI has reached the 30 oversold level, a point that has historically indicated seller exhaustion.

The MACD presents a similar narrative. Following months of compression, momentum is tightening towards a potential golden cross above the signal line, suggesting strength is building beneath the surface.

The focus now turns to the upper edge of the pattern, with the crucial breakout level aligned with previous support near $0.50.

Surpassing this level would indicate a structural shift and pave the way for a return to cycle highs close to $1.35, representing a 360% upside move.

In the long term, if macro conditions improve and fundamentals reassert themselves, that move could merely be the first leg, with an extended rally targeting a 875% push toward the $2 mark.

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The post Cardano Price Prediction: ADA Just Touched a Level That Sparked Explosive Rallies in the Past – Is It About to Repeat? appeared first on Cryptonews.