Cardano(ADA) Price Prediction: Is a Breakthrough Imminent or is a Pullback Coming? Key Levels Overview

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**Cardano(ADA) Recent Trend: Rebounded from the $0.5650 area**In the past few trading days, Cardano ( ADA ) price has followed the pace of Bitcoin ( BTC ) and Ethereum ( ETH ), launching a significant upward trend from the **$0.5650 support area**. ADA has successfully reclaimed the two key resistance levels of **$0.5750** and **$0.580**.## ADA Bulls Show Strength: Key Technical Breakthrough* The price has broken through the **50% Fibonacci retracement level** of the drop from the **swing high of $0.6107** to the **low of $0.5630**.* On the hourly chart of ADA/USD, it successfully broke through the key bearish trendline resistance located at **0.5760 USD**.* The current price of ADA is trading above **$0.5750** and the **100-hour simple moving average (SMA)**, with a short-term technical structure leaning towards positive.## ADA Price Upward Target: Where is the Key Resistance Level?* **Primary Resistance: $0.5920/$0.5925 Area** - This position is close to the **61.8% Fibonacci retracement level** of the aforementioned downtrend, serving as a critical touchstone for **whether the bulls can sustain the upward momentum**.* **Psychological Resistance: $0.60** - Successfully standing above this level will significantly boost market confidence.* **Strong Resistance: $0.620** - If ADA can achieve a daily level **strong closing price breakthrough of the $0.620 resistance**, it may open up a **strong upward trend**, targeting the **$0.650 area**, and even challenge **$0.6650** in the short term.## What are the Key Support Levels for the Downward Risk of ADA Price?* **If ADA cannot break through the resistance at $0.5920**, it may trigger a new round of Rebound.* **Recent Support: $0.5850 & 100-hour SMA** - This is the first line of defense when the price pulls back.* **Main Support: $0.5650 Area** - This area is the starting point of the recent rebound and is of great importance. If the **$0.5650 support is effectively broken**, it may open the door to a further decline to **$0.5450**.* **Next important support: $0.5320** - It is expected that bullish strength may regroup in this area, forming a potential rebound point.## ADA Technical Indicator Overview* **Hourly MACD Indicator**: Currently in the **Bullish Zone**, and **upward momentum is strengthening**.* **Hourly RSI Indicator**: The Relative Strength Index is currently **above the 50 level**, indicating that the market has a short-term **dominance of buying power**.## 📍Summary of Key Support and Resistance for ADA* **Main support levels: $0.5850, $0.5650*** **Main Resistance Levels: $0.5920, $0.6000**