The cryptocurrency market remains a focal point for investors, with Cardano (ADA) drawing significant attention following a detailed technical analysis by chart expert @ali_charts. The latest chart, shared on X, highlights a critical juncture for ADA, currently trading at $0.5773 with a 2.60% dip.
The analysis suggests that holding the $0.50 level as support is pivotal for a potential rebound toward $0.70. This comes amid a volatile year, with ADA experiencing a downward trend since its 2024 highs, prompting varied reactions from the crypto community.
ADA Price Targets: $0.70 Rebound Potential
The chart, created with TradingView, showcases a one-day timeframe on Coinbase, revealing key support and resistance zones. The $0.50 mark acts as a demand cluster, where historical buying interest could stabilize the price. A successful hold could pave the way for a bullish reversal, targeting $0.70, a level that has sparked optimism among traders.
Cardano $ADA must hold $0.50 as support to keep the path open for a rebound to $0.70. pic.twitter.com/d1vNxyX96P
— Ali (@ali_charts) November 11, 2025
However, failure to maintain this support might see ADA testing lower levels, with some predicting a drop to $0.20 or even $0.10 if broader market trends, like a Bitcoin dip below $100K, intensify bearish pressure.
What’s Next for Cardano Investors?
Community responses on X range from cautious optimism to skepticism. While some see a $0.70 rebound as “litty,” others question ADA’s long-term potential, citing its prolonged underperformance. Technical insights from the thread emphasize support zones as demand clusters, reinforcing the importance of $0.50. As the market watches closely, the next few days will be crucial in determining whether Cardano can defy the bearish sentiment and reclaim higher ground.