Cardano might have activated a long-standing support area, raising optimism among enthusiasts that a recovery could be imminent.
The support has previously been responsible for major price moves in the coin’s price, and history could repeat. If Cardano sustains its trend above this zone, it could target higher resistance levels in the near term.
Key Points
- Cardano might have activated a long-standing support area, raising optimism among market participants that a recovery could be imminent.
- The support at $0.270 has previously been responsible for major price moves in the coin’s price, and history could repeat.
- In August 2024, ADA retraced to the $0.270 support level, triggering a quick rebound that dragged the coin up by over 375% in 60 days.
- This period is the “build-up phase,” and Cardano could experience a sudden, strong price surge.
Cardano Retests Support
The recent price downtrend might have some positives after all. Notably, Cardano is down 25% in the past 30 days, revisiting levels last seen in years. Yet, experienced market watcher MasterAnanda sees a bright side to this corrective move.
In his TradingView commentary, the analyst claimed that ADA looks great at the current market level for several reasons. One point he mentioned to support his bullish stance is a successful retest of the key support level at $0.270.
For context, the coin dropped to a low of $0.268 last week, recording a 15% correction. The low closely aligns with the October 10, 2025, flash clash bottom price. ADA tapped $0.273 on the day and rebounded sharply, closing at $0.70.
Last week, it retested the level, and again, buyers stepped in at the support and pulled the price higher. The analysis frames this move as a positive sign, citing historical context.
ADA Historical Interaction with Support
Notably, this is not the first time Cardano has retested this support level. In fact, the analysis branded this area as where bullish price action starts for the blue-chip asset.
In August 2024, ADA also retraced to the $0.270 support, dropping to $0.275 on that occasion. Consequently, the momentum around this area sparked a quick rebound, dragging the coin up over 375% in 60 days.
The analysis compared the timeframe of the recent October 2025 retest, noting that it had been four months since the short-lived capitulation. The analyst called this period the “build-up phase” and claimed that Cardano could experience a sudden, strong price surge.
He also identified another bullish development. According to him, last week’s low shares similarity with a June 2023 price bottom. For context, both were higher low formations, and ADA gained momentum after the June 2023 low. The same could happen for Cardano, potentially driving its price higher.
Notably, the analyst predicts that Cardano could easily rally 200% from here. Meanwhile, his shared chart highlights possible targets at $0.672, $0.922, and $1.980, which align with the 0.382, 0.618, and 1.618 Fibonacci levels.
Conclusively, he stated that the current level is the best entry point, claiming that Cardano is at its bottom. This remains highly speculative and reflects the analyst’s view rather than an actual confirmation. As a result, this is not financial advice.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
