Download Pintu App
Jakarta, Pintu News – According to an independent technical analysis known as Charting Guy (@ChartingGuy on X), Cardano’s weekly chart still shows a strong bullish trend. Using Fibonacci studies and longstanding channel analysis, there is a high probability that Cardano (ADA) could hit significant price targets in this cycle.
Charting Guy’s latest post on October 26 suggests that Cardano (ADA) will be fine as long as its uptrend continues to hold. This analysis is based on a multi-year ascending channel that has governed price movements since the bottom of the 2018-2019 cycle. This channel has a bottom rail that now passes through the $0.33 to $0.35 area, with a center line that has served as a recurring pivot since 2020.
This price structure relies heavily on Fibonacci ladders. The retracement set located on the right margin-which comes from the 2021 peak to the cycle low-marks 0% at $0.23488, then rises to $0.33360 (0.136), $0.43180 (0.236), and so on to $3.09981 (1.000). Above that, cycle extensions are charted at $6.25325 (1.272), $9.00941 (1.414), and $15.26831 (1.618).
Also Read: 5 Shocking Ethereum (ETH) Predictions from Robert Kiyosaki that Made Crypto Hunted by Whales
On April 27, Charting Guy emphasized the importance of Fibonacci for Cardano (ADA), by pointing out that the 0.618 level is strong resistance and 0.382 should hold. This roadmap is still relevant and has proven accurate throughout time. After the rejection on September 18, the analyst updated that Cardano (ADA) has recorded a higher low and is still targeting the 1.272 extension in this cycle.
This price structure suggests that if Cardano (ADA) continues to maintain the uptrend defined by the bottom rail of the channel and, importantly, turns the 0.618 retracement at $1.15694 into support on the weekly close, then the path to higher retracement levels will reopen. These include $1.43911 at 0.702 and $1.78464 at 0.786, before facing the 0.888 marker at $2.32189.
The risk management aspect of this analysis is also very clear: if Cardano (ADA) loses support at $0.62932 on the weekly close, then the neutral to constructive view will be disrupted, shifting focus back to $0.43180 and $0.33360, with the zero point at $0.23488 defining the absolute limit of the cycle floor in the lower third of the channel.
Currently, Cardano (ADA) is trading in the middle of a channel with a higher low already confirmed and an unresolved range below the downtrend line supply. Triggers for future price movements remain clear and numerical. A sustained weekly close above $1.15694 will validate attempts towards $1.44, $1.78, and $2.32, with $3.10 as a full retracement before the extension math takes over.
Given all these factors, Cardano (ADA) still has the potential to reach $6.25 in this cycle, but only if the uptrend continues to hold and the key resistance at 0.618 is finally broken. Currently, with Cardano (ADA) price at $0.67, the opportunity to reach that target is still wide open.
Also Read: Can You Live Only on Crypto? Here are 3 Sources of Income & Challenges You Need to Know About
Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
© 2025 PT Pintu Kemana Saja. All Rights Reserved.
Kegiatan perdagangan aset crypto dilakukan oleh PT Pintu Kemana Saja, suatu perusahaan Pedagang Aset Keuangan Digital yang berizin dan diawasi oleh Otoritas Jasa Keuangan serta merupakan anggota PT Central Finansial X (CFX) dan PT Kliring Komoditi Indonesia (KKI). Kegiatan perdagangan kontrak berjangka atas aset crypto dilakukan oleh PT Porto Komoditi Berjangka, suatu perusahaan Pialang Berjangka yang berizin dan diawasi oleh BAPPEBTI serta merupakan anggota CFX dan KKI. Kegiatan perdagangan aset crypto adalah kegiatan berisiko tinggi. PT Pintu Kemana Saja dan PT Porto Komoditi Berjangka tidak memberikan rekomendasi apa pun mengenai investasi dan/atau produk aset crypto. Pengguna wajib mempelajari secara hati-hati setiap hal yang berkaitan dengan perdagangan aset crypto (termasuk risiko terkait) dan penggunaan aplikasi. Semua keputusan perdagangan aset crypto dan/atau kontrak berjangka atas aset crypto merupakan keputusan mandiri pengguna.