Market commentator AltWolf has suggested that Cardano could climb toward $0.50, pointing to a long-term ascending trendline that has supported the token’s price since July.
AltWolf shared a daily ADA chart on X and suggested that the coin was heading toward the $0.50 target. Based on his outlook, Cardano is following a textbook technical setup that could support further gains if key support levels hold.
ADA Holds Above a Rising Trendline
AltWolf’s chart shows Cardano following an ascending purple trendline that extends from its July lows near $0.14. Several red arrows highlight points where ADA rebounded after approaching this rising support level.
These repeated rebounds suggest that buyers have stepped in during previous pullbacks, helping Cardano maintain its upward structure throughout the period shown on the chart.
However, ADA recently retreated from its October peak near $0.28 and moved toward the ascending trendline around $0.21 to $0.22. The latest candles show the token trading near this support zone.
If the trendline continues to hold, Cardano could attempt another recovery. Conversely, a decisive break below this level would weaken the bullish setup and potentially expose ADA to further losses.
Two Key Resistance Levels
The chart highlights two major resistance zones that Cardano must overcome to strengthen its recovery prospects.
The first lies around $0.23 to $0.24, where ADA encountered selling pressure this month. A sustained move above this range could signal improving bullish momentum and pave the way for a retest of the October highs.
Meanwhile, the second resistance zone sits around $0.28. Cardano faced selling pressure near this level earlier in October, making it another significant hurdle for buyers.
A breakout above both resistance zones would strengthen the case for further gains, although it would not guarantee that ADA would reach AltWolf’s $0.50 target.
At the current price of $0.2244, Cardano would need to rally 122.81% to reach $0.50. The last time ADA traded at $0.50 was in November 2025.
Contrasting Projections
Nevertheless, AltWolf’s bullish outlook contrasts with warnings from other analysts who anticipate further downside pressure.
Crypto analyst Tony recently suggested that ADA could fall to $0.19 after failing to overcome resistance around $0.23. Similarly, Ali Martinez highlighted Cardano’s bearish SuperTrend indicator and relatively stable whale holdings, suggesting that the combination could precede another downward move toward $0.17.
Although AltWolf’s chart points to a potential recovery toward $0.50, Tony’s and Martinez’s analyses highlight the risks facing Cardano in the near term.