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Cardano (ADA) Price: Rebound From $0.75 Support Sets Up Potential Move To $1.27
['Maisie Morrison']
Blockonomi
The recent price movement shows a completed breakout from a descending wedge pattern.
For continued upward momentum, ADA must first overcome the $0.85 resistance level, followed by the more substantial $0.95 barrier that capped gains earlier in September.
The longer-term target sits at $1.27, though this bullish scenario depends on ADA maintaining momentum above current levels.
Support Zone ValidationDaily timeframe analysis shows ADA successfully pushed through and closed above the $0.82–$0.83 range, which had previously acted as resistance.
The most recent data shows ADA trading at $0.83, with the $0.75 support level continuing to hold firm after multiple retests.