Markets often leave hints, and ADA token has been offering one since July. Cardano price has been moving inside an ascending channel, where each bounce has created a higher high and a higher low. This setup usually signals growing strength as buyers manage to step in earlier each time.
The chart shows Cardano price holding near $0.87 after pulling back slightly. What stands out is the channel guiding ADA token upward. As long as ADA price respects this channel, the odds lean toward another leg higher. The highlighted projection suggests a potential rise of about 36% from current levels, which could bring ADA token toward $1.18.
This type of structure reminds some observers of previous accumulation phases in major assets before they broke out to new highs. It does not guarantee a rally, but it paints a picture of gradual confidence building up. If momentum strengthens, ADA price could aim higher, using the channel as its roadmap.
Technical Indicators Confirm Momentum For ADA Token
The chart alone does not tell the full story. Momentum indicators offer another layer of insight into whether ADA token has enough energy to extend this climb. According to Investing.com, the following are the daily chart readings:
| Name | Value | Action |
|---|---|---|
| RSI(14) | 51.815 | Neutral – showing that ADA price is neither overbought nor oversold, leaving room for movement in either direction |
| STOCH(9,6) | 56.378 | Buy – indicating upward momentum is beginning to take shape for ADA token |
| MACD(12,26) | 0.015 | Buy – suggesting that Cardano price could continue strengthening if the trend holds |
| ADX(14) | 32.889 | Buy – showing a solid trend presence, which often supports sustained moves in ADA price |
What Current Setup Suggests For ADA Price
The combination of the ascending channel pattern and supportive technical indicators places ADA token in an interesting spot. Cardano price has already shown it can climb steadily since July, and the current setup suggests that the trend is still intact.
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If buyers maintain control, ADA price could revisit $1.18 in the near term. The structure favors continuation, yet the market will still require follow-through from buyers to confirm the rally.
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