- Cardano stabilizes near $0.78 after correction, with buyers defending key support levels.
- Analysts view $0.75–$0.78 zone as a bear trap that could trigger recovery toward $0.85.
- Long-term projections show resistance at $1.70 and $2.50, with potential targets above $15.
Cardano (ADA) is trading near $0.78 after a period of volatility, and analysts are assessing potential recovery. Recent chart data shows consolidation in this range, while volume metrics remain steady. Analysts say that Cardano (ADA) could turn this bear trap into a $5 rally if momentum builds.
Market Performance and Technical Outlook
Cardano traded at $0.7863 during the latest session, marking a 2.17 percent increase from earlier levels. The 24-hour range recorded a high of $0.7964 and a low of $0.7654, with trading volume reaching 57.90 million ADA and 45.51 million USDT.
Price activity over recent weeks showed a move toward $0.95 before a sharp correction began on September 21. The decline brought ADA below $0.80, though candles now show stabilization near the $0.78 zone.
According to an analysis prepared by Cardano Mentor, this zone represents a technical level where buyers are absorbing pressure. Analysts described the setup as a possible bear trap, with sellers exiting while buyers consolidate. They noted that sustaining the $0.75–$0.78 range may enable a push toward $0.85 and above.
Institutional Activity and Long-Term Forecasts
Market data from Coingecko recorded $822.7 million in daily trading activity and a market capitalization of $28.17 billion. Circulating supply stands at 36.53 billion ADA against a maximum of 45 billion tokens. Exchange flow data revealed $2.54 million in net outflows on September 27, showing caution among investors. Despite short-term weakness, analysts see potential in structural factors.
According to an observation by Crypto Patel, Cardano’s long-term chart shows resistance near $1.70 and $2.50, with projections indicating possible rallies toward $15.59 in a bull market scenario. The Cardano Foundation recently announced a $50 million liquidity plan aimed at strengthening stablecoin markets, DeFi, and real-world asset adoption.
Technical forecasts place short-term upside levels near $0.83–$0.90 if momentum builds, while support rests around $0.75 and $0.68. Analysts are still watching the possibility of existing consolidation powering a recovery effort, which supports the bigger story that ADA may turn this bear trap into a path toward greater valuations.
