ADA Price News: Bulls Target $0.78 as Momentum Returns

After several weeks of sideways drift, Cardano (ADA) is finally waking up. The chart he shared suggests a straightforward path toward $0.78, fueled by fresh buying and improving daily momentum. With ADA bouncing off recent lows, the question now is whether bulls can reclaim higher ground after months of consolidation.

ADA Price Action: Rebound Confirmed on Daily Chart

In a recent tweet, prominent crypto analyst Crypto Butche kept it simple: “#Cardano easy target $ADA.” The ADA/USDC daily chart shows a modest but meaningful recovery. At the time of analysis, ADA is trading around $0.6828, up nearly 4% on the day. The asset has reclaimed short-term structure and broken above local resistance—a sign that the trend might be shifting.

Key technical highlights:

• Current Price: $0.6828 (Binance, 1D)
• 24h Range: $0.6555 – $0.6937
• Immediate Resistance: $0.6937 — breaking this opens the path to $0.78
• Support Zone: $0.65–$0.66, where buyers recently stepped in
• Next Target: $0.78, matching the blue arrow projection and past resistance
• Volume: 35.13M ADA traded in 24 hours, confirming renewed interest
• Technical Setup: Candle structure shows bulls gaining control; RSI and MACD remain neutral, leaving room for upside before overbought conditions kick in

The chart’s arrow points directly at $0.78, which lines up with historical resistance from late September. If ADA closes above $0.70, it would confirm a bullish breakout and likely accelerate the move toward the $0.78–$0.80 zone.

Market Context: What’s Driving the Rally

A few broader factors are supporting ADA’s latest bounce. Altcoins are getting attention as Bitcoin consolidates near yearly highs, with traders rotating into large-cap Layer-1 tokens like Cardano, Solana, and Avalanche. Meanwhile, Cardano’s ecosystem keeps growing—DeFi and smart contract activity are picking up, reinforcing its place as a scalable blockchain. Add in cautiously optimistic market sentiment after a rough Q3, and you’ve got a decent backdrop for ADA’s recovery.