The crypto market kicked off October on a strong note, led by Bitcoin’s surge to a new all-time high above $126,000. Altcoins followed suit, with Cardano ($ADA) bouncing off the $0.85 support area after a brief pullback. This support level aligns closely with the 50‑day Simple Moving Average (SMA) at $0.853, suggesting solid buying interest.
The chart indicates that ADA is holding above both the 50‑day and 200‑day SMAs — a technically bullish sign. The 200‑day SMA sits near $0.74, forming a medium‑term safety net that has repeatedly prevented deeper corrections since July.
ADA Targets: How High can ADA Price Reach?
If bullish momentum continues across the market, $Cardano could aim for the $0.88–$0.90 zone in the short term. A successful breakout above this area would expose the next resistance at $0.95, and beyond that, a push toward the psychological $1.00 mark.
Momentum indicators suggest ADA has room to rise, but trading volume remains modest — meaning bulls need strong follow‑through from Bitcoin or market‑wide inflows to confirm the move.
Cardano Price Prediction: Key Support and Resistance Areas for ADA Coin
On the downside, immediate support lies around $0.85, where ADA previously consolidated. If this level fails, the next cushion is found near $0.80, followed by the stronger 200‑day SMA around $0.74. A deeper correction below $0.71 could open the door toward $0.62, last tested in June.
Until ADA firmly closes below the 200‑day SMA, the broader uptrend remains intact, with dips likely being bought by long‑term investors.
ADA Prediction: Can ADA Catch Up with Bitcoin?
With Bitcoin’s record highs driving renewed optimism, Cardano’s performance now depends on whether capital rotates from BTC into large‑cap altcoins. Historically, such rotations have fueled mid‑cycle rallies where coins like ADA outperform for short periods.
If bullish sentiment persists through October — often dubbed “Uptober” by traders — ADA could retest the $0.95–$1.00 range before the month ends.