Cardano Price Prediction: ADA Defends $0.154 Support as Triangle Breakout Points Towards $0.23

Cardano price is recovering from a major demand zone after buyers once again defended the $0.154-$0.156 region, but analysts remain divided over whether the latest bounce can develop into a sustained reversal.

Buyers Continue Defending the $0.154-$0.156 Zone

Cardano’s latest recovery began after price produced another clear reaction from the support area between $0.154 and $0.156. Trader Symba highlighted that Cardano price has repeatedly refused to establish a sustained breakdown beneath this zone.

The chart shows price briefly moving below the former horizontal range before recovering above it. ADA is now trading near $0.171, with the rebound beginning to form a possible higher low above the reclaimed area.

A chart shows Cardano recovering from the $0.154-$0.156 support zone, with a projected continuation towards $0.195-$0.200. Source: Trader Symba via X

Maintaining the current support would allow buyers to challenge $0.175-$0.180 before targeting the previous swing region near $0.195-$0.200. A decisive loss of $0.154, however, would invalidate the short-term recovery and expose the lower part of the recent range.

Cardano Price Prediction Targets a 40% Move Towards $0.23

Another Cardano chart shows ADA compressing inside a symmetrical triangle after several weeks of narrowing price action. The pattern reflects declining volatility as buyers defend rising support while sellers continue limiting each recovery from above.

Nehal’s setup places the upper boundary of the triangle near the current market price. A confirmed breakout could project an advance of approximately 40.5%, placing the technical target around $0.23.

A daily chart shows ADA compressing inside a symmetrical triangle. Source: Nehal via X

Before that target becomes active, Cardano price must establish a convincing close above the descending trendline and recover the $0.180 region. The next major resistance would then sit around $0.20, followed by the $0.224-$0.231 area.

Recovery Structure Begins Forming Above Major Demand

The higher-timeframe ADA chart also shows price attempting to transition from panic-driven selling into a more constructive accumulation phase. Recent sessions have produced higher lows after Cardano defended the major demand zone near $0.1503. Price is also forming a short ascending trendline from the latest bottom, suggesting that buyers are gradually absorbing supply at higher levels.

A higher-timeframe chart shows ADA developing higher lows above the $0.1503 demand level. Source: The Boss via X

The first major structural resistance sits at $0.2242. Reclaiming this level would strengthen the recovery narrative and provide the first meaningful sign that Cardano is moving beyond its current bottoming range. Above $0.2242, the chart identifies additional resistance levels at $0.3136, $0.3825 and $0.4488. These remain longer-term targets that would require a much broader shift in market momentum.

Contrary: Analyst Still Expects Another Move Lower

Not every trader views the latest rebound as the beginning of a larger reversal. Crypto Tony described Cardano’s higher-timeframe structure as weak and said he expects ADA Cardano price to trade lower before a stronger recovery develops.

The chart shows price remaining well below the major breakdown region and struggling to rebuild momentum following the sharp decline. Although ADA has bounced from recent lows, it has not yet reclaimed the resistance levels needed to invalidate the broader bearish structure.

A higher-timeframe chart shows Cardano consolidating below former support. Source: Crypto Tony via X

A renewed loss of $0.154-$0.150 would strengthen the bearish case and could expose the lower support near $0.1064. That area represents the next major demand level shown on the broader chart. Until Cardano price produces a clear sequence of higher highs and higher lows above $0.18-$0.20, the latest advance remains a recovery attempt rather than a confirmed long-term reversal.

Cardano Price Resistance Remains Concentrated Near $0.20-$0.23

Cardano’s immediate resistance sits between $0.175 and $0.180, where recent recoveries have encountered selling pressure. A breakout above this range would improve short-term momentum and shift attention towards $0.195-$0.200.

The most important resistance area is positioned between $0.224 and $0.231. This region combines the triangle’s projected target with a major higher-timeframe horizontal level, making it a likely area for profit-taking if the recovery extends.

On the downside, $0.154-$0.156 remains the first support zone. Below that, $0.1503 represents the wider structural floor, while a sustained breakdown could expose ADA price to the deeper demand region near $0.1064.

Final Thoughts: Can Cardano Price Reach $0.23?

Cardano price has produced a promising reaction from the $0.154-$0.156 support zone, while the developing triangle gives buyers a clear technical route towards $0.23. Holding above support and breaking through $0.18 would strengthen the recovery, with $0.195-$0.200 acting as the next test.

Cardano price is trading around $0.17, up 4.88% in the last 24 hours. Source: Brave New Coin

The bullish outlook still requires confirmation because Cardano price remains below several major resistance levels. A loss of $0.150 would weaken the current structure and raise the risk of another decline, while a decisive breakout above $0.20 could place the $0.224-$0.231 target region firmly in focus.