- Cardano consolidates in the $0.80–$0.84 accumulation zone, with strong buying pressure absorbing selling and building a foundation for higher targets.
- Technical structure shows ADA pressing resistance, with risk-to-reward levels targeting $1.14 initially and potential extension toward the $1.50–$2.00 zone.
- Exchange data reveals skewed long/short ratios on Binance and OKX, reflecting strong bullish positioning and expectation of breakout continuation.
Cardano price is consolidating within the $0.80–$0.84 range, building a strong base that could fuel a bullish breakout.
Accumulation Zone Provides a Strong Base
According to market analysis, Cardano (ADA) has been trading in a defined accumulation range between $0.80 and $0.84. This zone has acted as a high-volume area where buying pressure consistently absorbs selling. Each retest has confirmed sustained demand, showing institutional interest in maintaining price stability within this base.
CryptoPulse noted in a recent post that ADA is pressing toward the upper boundary of this consolidation. The structure indicates a potential momentum shift toward buyers. The setup resembles historical patterns where prolonged accumulation phases preceded strong directional moves in price.
With stop loss levels identified near $0.72, analysts consider the risk-to-reward structure favorable. The first upside target sits at $1.14, with higher extensions possible if momentum builds beyond immediate resistance levels.
Technical Setup Points Toward Higher Levels
The ADA/USDT 4H chart shows a tightening price range with visible defense from buyers around the $0.80 support. This technical behavior often precedes impulsive expansion when liquidity begins to shift toward one side of the market.
If Cardano sustains trading above $0.85 with volume support, conditions could activate a new expansion phase. The lack of historical resistance between $0.85 and $1.50 leaves considerable room for price advancement. In such scenarios, upside continuation could extend into the $1.50–$2.00 region.
At the time of writing, the Cardano price was at 0.824776, and the trading volume was more than 1.16 billion within 24 hours.Such liquidity implies taking part in the level of action and making the consolidation zone even more topical.
Long/Short Data Reflects Bullish Positioning
According to coinglasss, Exchange data further supports the bullish bias forming in the market. Binance reports a long/short ratio of 3.01 on accounts and 3.41 among top traders. Such skewed ratios indicate a majority positioning toward the long side of ADA.
OKX also reports a 2.51 ratio, adding to the evidence of widespread long exposure. Even in open positions, Binance top traders maintain a 2.56 ratio. This demonstrates continued confidence in a possible upside continuation.
While high long ratios confirm strong sentiment, they also leave room for temporary liquidity flushes. Such events could retest lower boundaries before a broader directional breakout confirms. Nonetheless, the prevailing structure suggests traders anticipate upward momentum once Cardano escapes its accumulation range.
