In our last Cardano weekly prediction, we said if the ADA price broke past $0.190, it could run to $0.195 or even $0.200. And if buyers kept pushing, maybe $0.210 or $0.220. Well, it happened
In our last Cardano weekly prediction, we said if the ADA price broke past $0.190, it could run to $0.195 or even $0.200. And if buyers kept pushing, maybe $0.210 or $0.220.
Well, it happened. And faster than we thought.
ADA jumped from about $0.174 all the way up to $0.211. That’s its best price since early June. Then sellers showed up and knocked it back down. Right now, it’s at $0.198, down about 1.3% over the last day. Money is moving out of altcoins for the moment.
But the bigger picture actually looks better. The ADA price finally broke free from a downward pattern that held it for almost a full year. And when that move happened, trading volume shot up over 115%. People were paying attention.
So now the real question is, can $0.190 hold as support? That’s what matters next.
Cardano has a new potential catalyst through a 2.5 million ADA development fund from its treasury. The initiative is tied to the Dijkstra governance era and would direct treasury funds toward ecosystem builders and infrastructure.
Cardano is also working on an IBC testnet bridge connecting it with Injective and the wider Cosmos ecosystem. With more than 240 million ADA accumulated by whales during the rally, the market has shown strong demand around the recent breakout.
The technical breakout adds weight to the bullish case. The Cardano price moved above a descending channel that had constrained the token for almost a year, rising about 13% and reaching $0.211. Buyers defended the $0.200 area, but resistance appeared around $0.210–$0.211.
We had a look at the chart, and the structure has improved considerably from the June lows. The ADA price dropped toward $0.140–$0.145 in late June before recovering through July.
After breaking $0.170, ADA pushed past $0.190 and hit $0.210 for a bit. That move gave us a clear run of higher highs and higher lows, classic bullish steps.
Source: Tradingview.comBut sellers have taken some profits since then. The ADA price is now around $0.1972, just under that even $0.200 mark. The big question is whether $0.190 to $0.195 can hold. If that area stays firm, the breakout is still good.
Things have calmed down. The RSI is 51.03, below its 57.86 average, buyers aren’t pushing as hard as before. The Ultimate Oscillator is 43.62, under 50, so neither side really has control right now. That doesn’t mean the run is done. It just means there’s still a chance for buyers to jump back in, as long as $0.190 doesn’t fall.
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If ADA holds above $0.190 and climbs back over $0.200, that’s a good sign for buyers. Breaking past $0.211 could lead to $0.220, especially if trading volume picks up and other altcoins join in.
More than likely, the ADA price spends some time bouncing between $0.190 and $0.210. The RSI is 51.03 and the Ultimate Oscillator is 43.62, both pretty much in the middle. After that 13% run, the coin probably needs to catch its breath before making any big move.
But if $0.190 gives way, things turn sour. Then we could see $0.180 pretty quick, and $0.170 would be the next floor. Lose that, and the whole breakout starts to look shaky, $0.160 or $0.165 could come back into play.
ADA could trade between $0.190 and $0.210 this week. A break above $0.211 could open the way toward $0.220, while losing $0.190 could push ADA toward $0.180 or $0.170.
Can Cardano (ADA) reach $0.22 this weekYes. If ADA holds above $0.190 and breaks the $0.210–$0.211 resistance, the next target is around $0.220.
Will Cardano (ADA) price go up or down this weekADA has a bullish technical setup after breaking above its long-term descending channel, but short-term momentum has cooled. Holding $0.190 would keep the bullish outlook intact, whereas a break below it could lead to further declines.
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The post Here’s Where Cardano (ADA) Price Could Go This Week appeared first on CaptainAltcoin.
