🔹 Expert Says Good Move Incoming for Cardano, Targeting a 79% Rise to $0.7
Despite recent correctional price action, analysts still expect a massive bullish push for Cardano to revisit multi-month levels.
Notably, Cardano ($ADA ) has joined a broader market retracement, deviating from its early-year price action.
Like most major cryptocurrencies, ADA started the year strongly, rallying from its opening price of $0.33 to $0.43 on January 6. Nonetheless, things went sideways from there, with the price dropping 9% to $0.39. Despite this, the token is up 11% in the past seven days.
🔸 Good Move on the Horizon
Meanwhile, Crypto Banter’s analyst Sheldon Diedericks, popularly known as “Sheldon the Sniper,” sees a reversal in the price action seen over the past few days, targeting higher levels. In a recent analysis, he stated that a good move is in the works for Cardano.
This bullish bias hinges on a breakout from a descending trendline in the 4-hour chart. Notably, this resistance level has suppressed the asset since a lower high move to $0.73 on October 13, 2025.
Cardano has attempted to break above this trendline but has failed to do so. For context, on October 27, 2025, it reached a high of $0.69, but selling pressure in the region curtailed the bullish momentum. Its recent effort to defy this resistance was a push to $0.43 a few days back, which has sparked its ongoing correction.
Nonetheless, Sheldon sees ADA finally defying this multi-month trendline to greater heights. According to him, a “good move” is incoming for the tenth-largest cryptocurrency by market cap.
🔸 Buy Area and Possible Cardano Target
Despite this optimism, he did not rule out the chance of a further correction for Cardano. He expects a pullback and plans to buy between $0.37 and $0.39. Currently, ADA is at $0.39 and would need to retrace another 5% to reach $0.37.
Interestingly, he sees these areas as an early buy for Cardano, as he remains optimistic that altcoins will recover to higher prices.
