- Cardano rebounded from the $0.80–$0.81 support zone, aligning with the 0.618 Fibonacci retracement and building a strong foundation for momentum.
- A bullish Parabolic SAR signal has reappeared on Cardano, previously followed by gains exceeding 200%, sparking renewed attention on current price action.
- Long-to-short ratios across Binance and OKX reveal traders overwhelmingly favor longs, with both retail and top traders aligned on bullish positioning.
Cardano (ADA) has rebounded from key support levels, reigniting interest in whether the asset can reclaim $1 and extend its rally higher.
Cardano Defends $0.80 Zone
Cardano is showing strength after bouncing directly from the 0.618 Fibonacci retracement, in alignment with the daily support and resistance range of $0.80–$0.81. This zone has attracted buyers, establishing a foundation where accumulation appears to be building.
TapTools noted that this rebound has formed at a demand area backed by rising volume, suggesting that market participants are positioning for continuation. The reaction indicates buyers are willing to defend the current levels and maintain momentum.
Attention is now centered on the $1 threshold. Historically, this psychological and technical barrier has acted as a decisive pivot point. A sustained close above it could strengthen bullish sentiment across the market.
$1.16–$1.19 Zone in Focus
According to TapTools, a clean move above $1 could open the path toward the $1.16–$1.19 region, a weekly resistance zone not touched since early 2025. Traders are monitoring this range closely as a potential upside target.
The Parabolic SAR indicator has recently flipped bullish for ADA. TapTools pointed out that the last time this signal appeared, Cardano advanced more than 200% in value.
As long as the price action remains above $0.80, the market structure appears supportive of further gains. Holding this base could give bulls the platform needed to push toward higher resistance areas.
Traders Show Strong Long Bias
At the time of writing, Cardano trades at $0.865707, with daily gains of 4.77% and a trading volume of $1.32 billion. The rebound has lifted ADA’s market capitalization back above $30 billion.
Positioning data shows traders remain strongly tilted toward long exposure. On Binance, the ADA/USDT long-to-short ratio for accounts is 2.7994, while OKX reports a ratio of 2.53.
Binance’s top traders reveal even higher conviction, with accounts positioned at 3.095 and positions at 2.5081. The alignment of retail and professional traders signals broad market confidence that ADA could sustain momentum if buying pressure holds.
