Sep 12, 2025
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Cardano Price Holds $0.81 Support, Targets $1.16 Amid Bullish Trend
Cardano (ADA) is maintaining its support above $0.81, a crucial level for its price recovery. This support serves as the 0.618 Fibonacci retracement and is important on the daily timeframe.
The Importance of $0.81 Support
- $0.81 acts as a demand zone, absorbing sell liquidity and resisting bearish pressure.
- Higher lows and highs indicate a continued bullish trend for Cardano.
- Corrections reaching into this support are seen as 'healthy resets.'
Potential Price Movements
- If $0.81 holds, ADA is expected to challenge the $1 resistance and move towards $1.16.
- Surpassing $1.16 could push the price up to $1.19, aligning with previous resistance levels and Fibonacci objectives.
