TLDR

Cardano started the year strong but experienced a 9% drop after reaching a high of $0.43 on January 6.
Despite the recent correction, ADA has seen an 11% increase in the past seven days.
Analyst Sheldon Diedericks believes Cardano is set for a breakout above a key resistance level.
Diedericks expects ADA to surge to multi-month highs of $0.60 to $0.70, representing a 53% to 79% increase.
Although bullish, Diedericks anticipates a brief pullback to the $0.37 to $0.39 range before the potential surge.

Cardano (ADA) has seen a market correction recently, diverging from its strong performance earlier in the year. The cryptocurrency began the year at $0.33 and peaked at $0.43 by January 6, but a 9% drop followed. Despite this retracement, ADA price remains up 11% over the last seven days, fueling optimism for future price movements.

ADA Faces Resistance but Analysts Remain Bullish

Cardano has been facing resistance at a descending trendline that has suppressed its price since October 2025. Despite several attempts to break above this trendline, ADA has failed to hold above it, including a recent rally to $0.43. Analysts like Sheldon Diedericks believe this trendline could soon break, leading to an upward movement.

JUST IN: Crypto Banter’s Sheldon predicts $ADA will “move up to the $0.60 to $0.70 mark, a good move incoming for #Cardano.” pic.twitter.com/QDL7z3RTOC

— Angry Crypto Show (@angrycryptoshow) January 8, 2026

Diedericks, a well-known crypto analyst, has expressed confidence in ADA’s potential for a price surge. He points out that ADA’s price action is setting up for a good move, with the potential to break through long-standing resistance. He expects ADA to experience a breakout, possibly reaching multi-month highs of $0.60 to $0.70, marking a 53% to 79% increase.

Pullback Predicted Before Surge, Entry Points Identified

Despite his bullish outlook, Diedericks predicts that Cardano might experience a pullback before the breakout. He suggests that ADA could retrace further, potentially reaching the $0.37 to $0.39 range. According to Diedericks, these levels would present an ideal buying opportunity, setting up for the eventual price rise.

The market correction in ADA’s price has not deterred Diedericks from remaining optimistic about the cryptocurrency’s future. He believes that Cardano will rebound as part of a broader altcoin recovery. With ADA’s recent 18.28% year-to-date gain, the coin remains resilient and poised for further gains in the coming months.

The post Cardano (ADA) Set for Strong Bullish Move, Targeting 79% Surge to $0.7 appeared first on CoinCentral.

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Filed under: News - @ January 9, 2026 5:28 pm