Expert Predicts Cardano (ADA) Price Could Hit $1 Soon If This Happens..

Cardano is hanging around a big technical level right now, and it could decide where the price heads next. At the moment, ADA price is trading near $0.77 and pushing up against a resistance zone that’s been tough to crack for a while.

Crypto traders are closely watching Cardano (ADA) as it approaches a key technical level that could decide the next move for the popular coin.

At the moment, ADA price is trading at $0.77 and pushing up against a resistance zone that has been tough to crack for a while.

As noted by crypto expert Ali, breaking above $0.81 might set the stage for a move toward $1.

His post on X has sparked interest among traders who are watching Cardano’s downward trend over the past few months.

"Still in a parallel down channel from late 2024. Breaking above the channel at $0.81 (0.236 fib) might open the way for a move towards $1."

Following a steep decline from its all-time high of around $1.30 in late 2024, Cardano price has been forming a series of lower highs and lower lows. This downward trend is evident in the parallel channel formation, where price has repeatedly bounced between the lower and upper boundaries.

As the chart shows, price is now testing the top of this channel for the first time since December. This resistance also aligns with the 0.236 Fibonacci retracement level, calculated from the swing low of approximately $0.32 to the high near $1.30.

The convergence of technical factors around $0.81 adds relevance to this level as traders watch closely for a confirmed breakout.

At current levels, volume remains subdued, which could also contribute to the difficulties in breaking through the resistance zone. A breakout would suggest a shift in sentiment after several months of lower highs and lower lows.

On the negative side, ADA has multiple support levels that have remained strong during its correction. The 0.382 Fibonacci level at $0.6885 has worked as a short-term floor during recent drops.

Lower support exists at $0.6165 and $0.5446, which mark the 0.5 and 0.618 retracement areas. If the Cardano price fails to clear $0.81, a retracement toward these support zones remains possible.

Historical price action between $0.44 and $0.50 also suggests that buyers have defended this area during earlier selloffs.

If ADA breaks above $0.81 with strong confirmation, the next logical target is the psychological $1 level. The broader technical setup also suggests a potential long-term move back to the $1.30 range, which marked the December 2024 high.