Cardano Flashes Bullish Pattern as Weekly Candle Turns Green

Cardano (ADA) looks like it might be gearing up for something big. After weeks of sideways trading, the weekly chart just printed a solid green candle—and for technical analysts, that’s starting to look a lot like the setup that preceded ADA’s last major rally.

What the Chart Is Showing

Crypto analyst Sssebi noticed the similarity, pointing out that ADA’s current structure closely resembles the formation that kicked off its previous bullish breakout. With the asset holding steady above key support levels and showing renewed buying interest, the coming weeks could bring significant upside momentum.

The weekly ADA/USDT chart on Binance reveals several bullish signals that have traders paying attention:

• Double Bottom Formation: Two clear lows near $0.55–$0.60 (marked by yellow circles on the chart) followed by sharp recoveries, suggesting sellers are exhausted and buyers are stepping back in
• 200-Week Moving Average Support: ADA continues trading above this critical long-term trendline (green line), which typically separates bear market corrections from bull market recoveries
• Rounded Accumulation Base: A curved yellow support line traces a rounded bottom pattern—often seen at major market lows when long-term holders quietly accumulate
• Rising Volume and RSI: Trading activity picked up during the latest bounce, while the RSI is climbing from neutral territory, pointing to improving momentum

Together, these indicators suggest ADA may have found solid footing and could be preparing for its next leg up.

History Might Be Repeating Itself

What makes this setup particularly interesting is how closely it resembles ADA’s earlier recovery phase this year. That previous pattern also began with a strong green weekly close after a deep pullback—and it led to a sustained rally with a series of higher highs.

Both setups share the same rounded base, the same bounce off the 200-week moving average, and similar RSI behavior. If the pattern plays out the same way, ADA could be entering another expansion phase where it gradually builds momentum before testing major resistance zones.

Levels to Watch

• Support: $0.55–$0.60
• Current Price: ~$0.68
• First Resistance: $0.90–$1.00
• Breakout Target: $1.20–$1.30

A clean break above $0.90 would likely confirm the reversal and open the door to further gains. On the flip side, a drop below $0.55 would weaken the bullish case and bring downside risk back into play.

The optimism around ADA isn’t happening in a vacuum. Bitcoin’s been holding key support levels, and altcoins are seeing renewed inflows as overall market liquidity improves. Meanwhile, Cardano’s fundamentals look solid—DeFi adoption is growing, network activity is ticking up, and total value locked (TVL) continues to rise.

All of that could help fuel ADA’s price recovery as sentiment across the crypto market keeps improving.