ADA Retests Breakout at $0.78 as Structure Turns Bullish, ‘A Push Toward $1.20+ Could Follow’

ADA retests $0.78 breakout zone after 37% rally, holding above key support with bullish momentum.

Technical indicators and EMAs turn bullish, reinforcing long-term strength despite short-term pullback.

Liquidity near $0.855 and resistance at $0.94 may guide ADA’s next move toward the $1.20 level.

Cardano (ADA) has broken above its long-standing descending trendline and is now retesting the breakout zone near $0.78. At the time of writing, ADA was trading at $0.7825, holding above this critical level. If support remains stable, analysts suggest a move toward $1.20 could follow.

Weekly and Monthly Structure Remains Bullish Despite Pullback

Cardano’s recent breakout in mid-July marked a reversal of its multi-month downtrend. The price surged following Grayscale’s ADA ETF application and reached a local high near $1.00 before pulling back. The broader trend on weekly and monthly charts remains upward, suggesting continued momentum.

The 37% rally through July shifted ADA’s technical structure, flipping all major exponential moving averages to a bullish alignment. ADA is currently trading above its 20-day simple moving average at $0.75 and its 50-day SMA at $0.66. The RSI sits at 60.13, while the MACD line remains above the signal line, reflecting ongoing buying strength.

Source: GemBooster(X)

GemBooster noted that ADA recently tapped a demand zone around $0.74–$0.78 and is starting to react. This zone has acted as support during earlier consolidations and now serves as a key technical level during this retest.

Resistance Levels and Liquidity Pockets Could Guide Next Move

ADA is facing resistance near $0.94, which aligns with the upper Bollinger Band and a psychological round number barrier. According to an observation by Bull Bear Spot, ADA's price movement has shown correlation with global M2 liquidity trends

The rising M2 curve has historically aligned with ADA price increases. A cluster of stop orders sits above $0.855, and this zone could attract price movement if bulls maintain control

A break above $0.94 may clear the path to retest the $1.00 level. If momentum continues, the $1.10 to $1.20 range becomes a realistic target. Structure remains bullish across higher timeframes.

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