Cardano (ADA) Defends $0.81 Support, Targets $1.16 and Beyond

ADA price action has shown resilience at $0.81, a level supported by both the 0.618 Fibonacci retracement and daily timeframe structure. This confluence provides a strong foundation for bullish continuation, keeping the market structure intact despite the recent corrective move.

ADA Key Technical Points

- Support Zone: $0.81 combines 0.618 Fibonacci support with daily structural demand.

- Upside Targets: Initial objective lies at $1.16, with a broader target of $1.19.

- Market Structure: Higher highs and higher lows confirm ADA’s ongoing bullish trend.

Analysis

The $0.81 region has become a pivotal level for ADA. Its alignment with both Fibonacci and daily support makes it a strong foundation for price to base upon. The repeated ability of this area to absorb sell pressure highlights demand and reinforces the bullish narrative, even as volume temporarily declines.

From a structural perspective, Cardano continues to print higher highs and higher lows, confirming the strength of its bullish trend. Corrective moves into key support zones such as $0.81 are considered healthy resets within an uptrend rather than signals of exhaustion. This pattern of accumulation suggests buyers remain firmly in control of the broader trend.

Looking forward, the $1.16 region represents the next significant upside target. A decisive break above this level would further validate the bullish structure and clear the path toward $1.19. Both targets align with previous resistance levels and Fibonacci extension objectives, providing a clear roadmap for continued expansion once momentum returns.

What to Expect in the Coming Price Action

As long as $0.81 support holds, ADA remains firmly bullish. A rotation toward $1.16 appears likely, and a breakout beyond that level could drive price action toward $1.19 in the short to mid-term.