The post Cardano Bulls Target $0.48 as MACD Signals Momentum Shift appeared on BitcoinEthereumNews.com.

Peter Zhang
Jan 07, 2026 04:54

ADA trades at $0.41 after a 3.2% decline, but technical indicators suggest the selloff may be setting up a higher probability breakout play.

Cardano’s recent pullback to $0.41 has created what many technical analysts view as a textbook consolidation pattern, with the altcoin now positioned just below a critical resistance zone that could determine its trajectory through the first quarter of 2026. Market Positioning Amid Broader Crypto Uncertainty The third-generation blockchain token has underperformed Bitcoin this week, declining 3.21% in the past 24 hours while maintaining a relatively tight trading range between $0.40 and $0.44. This price action reflects broader altcoin market hesitancy as investors await clearer directional signals from both Bitcoin and traditional markets. According to Binance spot data, ADA’s daily volume of $71.2 million suggests institutional interest remains steady despite the recent weakness. The token’s current positioning near its 20-day simple moving average of $0.37 indicates neither buyers nor sellers have established clear control, creating what veteran traders recognize as a coiled spring scenario. Market participants note that Cardano’s ecosystem developments have taken a backseat to pure technical trading in recent sessions. No major partnerships or technical upgrades have emerged this week, leaving price action primarily driven by chart patterns and momentum indicators. Technical Indicators Paint Mixed But Improving Picture The most compelling signal comes from Cardano’s MACD histogram, which shows a bullish reading of 0.0105 after crossing above the signal line. This momentum shift suggests underlying buying pressure is building despite the surface-level price weakness. “The MACD crossover is particularly significant given ADA’s extended period of sideways action,” explains one institutional trader who requested anonymity. “When you combine that with the RSI sitting in neutral territory at 56.38, it suggests we’re not in…

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Filed under: News - @ January 7, 2026 5:22 am