Cardano (ADA) Technical Analysis: Weekly Chart Breakdown Targets $1.02 - Here’s the Path

ADA's weekly chart flashes a clear signal—traders are now eyeing the $1.02 level as the next major battleground.

Anatomy of a Setup

The structure on the higher timeframe is telling. Key support zones have been tested and held, while resistance levels are now being mapped for a potential breakout. It's a classic consolidation pattern playing out, but with the added volatility only crypto can provide.

The $1.02 Target: More Than Just a Number

That specific price point isn't plucked from thin air. It represents a critical confluence—a previous area of significant liquidity and a psychological magnet for the market. Reaching it would confirm a major shift in momentum and open the door to higher valuations, something the 'number-go-up' crowd loves to see on their screens.

Navigating the Noise

Of course, the path won't be a straight line. Expect the usual suspects: fakeouts, sudden liquidations, and the inevitable social media frenzy declaring every 5% move the 'start of the next bull run.' Smart money watches the levels, not the headlines. It's about discipline over dogma, even if that's a boring concept in an industry fueled by hype.

The Bottom Line

The chart suggests a clear narrative for Cardano. The technical roadmap points toward $1.02. Whether it gets there depends on broader market tides and, let's be honest, whether a few influential accounts decide to tweet about it—because sometimes finance is just high-stakes groupthink with fancier charts.

ADA Faces Bearish Pressure Amid Stalled Recovery

From a technical perspective, the ADA weekly chart remains structurally bearish after failing to reverse the 2021 macro downtrend. The 2024–2025 recovery stalled below prior highs, and the price now trades NEAR $0.39, clearly under the 20-week SMA at $0.62. Momentum favors sellers unless ADA regains $0.62, then challenges higher resistance near $0.90–$1.02.

All major chart targets are well defined. Resistance targets lie at $0.45–$0.50, $0.62–$0.65 (20-week SMA), $0.90–$1.00 (upper Bollinger Band), and $1.20+ (macro supply). Support targets include $0.38–$0.40 (current), $0.30–$0.32 (range base), and $0.23–$0.25 (lower Bollinger Band).

For bearish charts, primary targets point to a prediction of a continuous MOVE from $0.38 to $0.30, with further decline to $0.23 in case of rising volatility. The neutral range outlook for WEC FX targets a range of $0.35 to $0.60. In bullish reversals, targets for a close above $0.62 open up movements to $0.90-$1.02, with further gains possible only above.

Projected upside targets rely on momentum

According to the crypto analyst @TheMoonHailey, the following can be seen in the chart: Cardano is seen to be completing multiple cycles in the market. There was a strong bull run in 2017-2018, a deep bear market, accumulation phases, and a strong phase of growth in 2020-2021. After the peak, ADA is seen to be in another bear market, but it has broken through the downtrend resistance in 2023.

Taking into consideration the symmetry identified in the last cycles regarding resistance levels, other targets include $1.20 to $1.40 (mid-cycle resistance), $2.00 to $2.30 (previous supply zone), and the key macro target at $2.96 to $3.00. The following target charts assume higher highs with momentum based on full bull market action, as opposed to action for a short period of time based on volatility.