TLDR:

ADA price mirrors its 2020 fractal, retesting $0.85 as a crucial pivot for the next potential rally.
Resistance sits at $1.15 and $1.78, with targets at $3.10 and $6.25 if momentum returns.
Cardano trades at $0.7191, down 8.6% daily and nearly 10% weekly amid cautious sentiment.
Rising volume, RSI divergence, and ecosystem growth fuel optimism despite recent price weakness.

Cardano (ADA) is revisiting a familiar price setup as August kicks off. The pattern looks strikingly similar to the early stages of its 2020 rally, but this time, it is unfolding more slowly. 

Market watchers say ADA’s current structure sits at a pivotal price zone around $0.85. Many see it as the same technical point that fueled its last run toward all-time highs. Patience could be the deciding factor for traders betting on history to repeat.

Key Cardano Price Levels Define the Setup

According to a weekly chart shared by Ali Charts, ADA is sitting near the 0.5 Fibonacci retracement level. In the previous cycle, this area acted as the base for a massive breakout. 

Cardano $ADA is showing the same price structure as the last cycle, only this time, it’s unfolding more gradually. And it feels like we’re right at the beginning of an explosive move. pic.twitter.com/xbg3phaz6x

— Ali (@ali_charts) August 1, 2025

Resistance now lines up near the 0.618 and 0.786 Fibonacci levels at $1.15 and $1.78. A decisive push through these zones could open the door to $3.10 and even $6.25 if momentum accelerates.

Ali noted that ADA is retesting $0.85 after a brief rejection, and a close above it could clear the path for buyers. He compared the current structure to the late 2020 breakout that led to ADA’s surge from $0.10 to above $3.

This cycle is not rushing. Instead, ADA’s move looks slower, reflecting a more measured market. 

Traders point to macro uncertainty and evolving market behavior as possible reasons. The gradual pace has not shaken long-term holders, who remember how quickly momentum built after similar consolidation zones in prior cycles.

Hailey LUNC highlighted several bullish factors, including a breakout from a multi-month downtrend and rising volume. She also mentioned RSI divergence and growing activity in Cardano’s ecosystem through projects such as Hydra and Midnight.

$ADA is quietly coiling and smart money is watching

Breaking out of a multi-month downtrend
Bullish divergence on RSI
Volume spike = accumulation
Cardano ecosystem heating up (Midnight, Hydra, CIP-68)

Future price predictions
Short term- $1.20
Long term-… pic.twitter.com/Cji2dLtJ4t

— Hailey LUNC (@TheMoonHailey) July 31, 2025

ADA Price Pressures Test Sentiment

Despite the bullish comparisons, ADA has faced selling pressure. 

CoinGecko data shows it trades at $0.7191 after dropping 8.61% in the past 24 hours and nearly 10% in the last week. These pullbacks, however, have not erased optimism among traders watching $0.85 as the defining battleground.

Cardano price on CoinGecko

If ADA can reclaim and hold this zone, technical levels point toward $1.15 as the next key hurdle. Beyond that, the path to $1.78 and even a retest of $3.10 would depend on fresh market momentum. 

For now, ADA’s fractal-driven setup is one of the most closely watched charts in the market.

 

The post Cardano’s ADA Price Fractal Hints at $3 Comeback if $0.85 Level Holds appeared first on Blockonomi.

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Filed under: Bitcoin - @ August 1, 2025 9:18 am