Cardano Respects Key Demand Zone as Bullish Divergence Forms, Analysts Watch $0.80 Breakout Zone ...

ADA forms bullish RSI divergence near $0.55–$0.60, signaling a possible trend reversal.

Analysts eye breakout above $0.80–$1.00 to confirm the end of Cardano's long-term downtrend.

Sentiment hits 30-day high as ADA targets $1.35, $2.00, and $3.20, backed by Elliott Wave analysis.

Cardano (ADA) is currently trading at $0.5766, holding firmly near the key demand zone between $0.55 and $0.60. The asset continues to respect a well-defined descending channel that started in early 2024. Analysts are now monitoring a potential breakout as momentum begins to shift.

Bullish Divergence and Demand Zone Support a Reversal Setup

According to analysis prepared by Bitcoinsensus, Cardano has consistently moved within a descending channel pattern since the start of the year. The weekly chart shows ADA rebounding from the lower trendline, which aligns closely with a historically strong demand zone

This zone is seen as a key area for accumulation. The same chart also reveals a bullish divergence forming on momentum indicators such as the RSI. While price continues to print lower lows, indicators are now forming higher lows

This divergence often signals a weakening bearish trend and a possible upcoming reversal. A breakout above the descending resistance, currently positioned between $0.80 and $1.00, would signal the end of this long-term trend.

Sentiment and Structure Strengthen the Bullish Case

According to data shared by TapTools, Cardano's community sentiment has surged to a 30-day high. With 93.8% of voters on CoinMarketCap now expressing a bullish outlook, optimism is building around ADA’s near-term direction

Source: TapTool(X)

This sentiment improvement is happening despite price trading within a tight range. XForceGlobal also shared a refined Elliott Wave count that suggests ADA may be starting a new bullish phase

Source: XForceGlobal(X)

Their chart places key upside targets at $1.35, $2.00, and $3.20. Meanwhile, the asset has cleared the $0.58 resistance and is testing the next zone at $0.6174. Analysts believe a breakout with strong volume could trigger further gains.

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