Cardano could rebound to $0.50 if it holds a long-term rising trend line in the $0.21 to $0.22 range, a forecast said.

On Oct. 21, blockchain media outlet The Crypto Basic reported that market analyst Altwolf said Cardano could try to rise further, citing the ADA daily chart.

Altwolf said Cardano has been moving along an uptrend line that has continued from around $0.14, its low in July last year. The chart showed ADA repeatedly rebounding after approaching the support line. This is interpreted as meaning the price structure has held as buying flowed in during each correction phase.

The key is whether this uptrend line once again serves as support. Cardano fell from around its October high near $0.28 to the $0.21 to $0.22 range, and recent candles are also forming near this support area. Altwolf said ADA is headed toward a $0.50 target, but that scenario depends on holding the key support line.

In the short term, 2 resistance zones remain first. The first is the $0.23 to $0.24 range. Cardano faced selling pressure in that zone this month. If it breaks above this price level steadily, bullish momentum could return and the chance of a retest of the October high could grow. The second is the $0.28 range. Cardano also ran into selling earlier this month at that price level, making it another turning point that buyers need to clear.

Still, clearing those 2 zones does not immediately guarantee a move to $0.50. Based on the current price of $0.2244, ADA would need to rise 122.81 percent to reach $0.50. Cardano last traded at $0.50 in November 2025.

The market is also raising the opposite scenario. Crypto analyst Tony said Cardano could fall to $0.19 after failing to break through resistance at $0.23. Ali Martinez also cited Cardano's bearish Supertrend indicator and relatively stable whale holdings in mentioning the possibility it could slide to $0.17 on further declines.

Ultimately, the short-term direction depends on whether it can defend support at $0.21 to $0.22 and break through resistance at $0.23 to $0.24. If the rising trend line holds, a renewed challenge of $0.28 and a subsequent rebound scenario could open up. If that area breaks, the bullish setup could weaken and the market's lower targets could come back into focus.