Cardano (ADA) Eyes $0.58 as Bulls Regain Momentum

Cardano (ADA) showed bullish momentum on the last day of the week, rising 0.78% in the past 24 hours, according to CoinMarketCap. The crypto market is largely in green, with ADA among the top-performing altcoins.

On the hourly chart, ADA bounced back after a false breakout near the $0.56 support zone. With this recovery, a retest of the resistance area appears likely before the day ends. The move signals that buyers are regaining control in the short term.

Zooming out to the daily time frame, the key level to watch is $0.5688. A decisive breakout above this mark could trigger further upward momentum, possibly pushing ADA to the $0.58 region. However, this scenario will depend on sustained buying pressure and volume confirmation.

In the medium term, ADA has been gradually rising after a bounce from the $0.5192 support level. Still, the bullish case may require more accumulation. As a result, ADA could continue consolidating in the $0.55 to $0.60 range in the coming sessions.

The price movement suggests cautious optimism, with technical indicators hinting at a potential continuation of the uptrend if resistance levels are breached. Cardano remains a closely watched altcoin, and traders are monitoring for confirmation of a breakout or a deeper retracement.

ADA’s current trajectory reflects overall market sentiment, and any significant shifts in Bitcoin or Ethereum could also impact its direction. For now, short-term gains remain possible as bulls maintain slight control heading into the new week.