Cardano Rebounds from Key $0.52 Support, Eyes $0.72

Cardano’s ADA is demonstrating resilience after testing the crucial $0.52-$0.57 support range, a zone that market analyst Ali Martinez identifies as historically significant for triggering major price reversals. According to Martinez’s analysis, every touch of this support area since late 2024 has resulted in a sharp upside reaction, signaling strong buyer interest at these levels. ADA currently trades around $0.53, with bulls actively defending this critical zone to prevent further retracements.

The current rebound aligns with improving on-chain sentiment and growing accumulation activity around long-term support levels. Multiple analysts indicate that as long as ADA maintains this foundational base, the path toward $0.72 and potentially $1.15 remains technically valid. However, the scenario carries significant risk—a decisive close below $0.52 could reintroduce bearish pressure and delay recovery hopes substantially, highlighting the importance of this support zone for ADA’s near-term trajectory.

Adding to the optimistic outlook, the TD Sequential indicator recently printed a buy signal on ADA’s three-day chart, a pattern historically known for marking potential market bottoms. This technical setup has previously preceded strong bullish reversals in Cardano’s price action, suggesting that sellers may be losing control after an extended period of downward pressure. The timing of this signal coincides with the defense of the critical support zone, creating a confluence of bullish factors.

Supporting this technical perspective, data from Coinglass reveals that long positions now represent 52% of open interest, reflecting renewed confidence among traders. This shift in positioning indicates growing belief in ADA’s recovery potential and aligns with the improving sentiment observed across on-chain metrics. According to technical analysts, a decisive breakout above $0.60 would serve as confirmation of the reversal, potentially paving the way for a broader rally toward the $0.72 resistance level identified by multiple market observers.

Despite the encouraging short-term signals, Cardano faces significant technical challenges that warrant caution. Analyst Valdrin Tahiri notes that ADA continues to trade within a descending parallel channel formed since December 2024, with substantial resistance sitting near $0.72. Tahiri emphasizes that unless ADA can reclaim and sustain the $0.60 zone, the broader trend remains technically bearish, limiting the potential for sustained upward movement.

The combination of strong historical support, bullish confluence signals, and improved trader sentiment nevertheless paints a cautiously optimistic picture for Cardano. If the current rebound holds and momentum strengthens above $0.65, ADA could confirm a new accumulation phase, setting the stage for a potential mid-term breakout above the critical $0.72 resistance. Such a development would open the path toward retesting the psychologically important $1 level, though this remains contingent on sustained buying pressure and broader market conditions supporting cryptocurrency assets.