[DigitalToday reporter Yoonseo Lee] Cardano (ADA) is rebounding from a long-term support zone, raising expectations of a medium- to long-term shift to an uptrend.
The Crypto Basic, a blockchain media outlet, reported on Sunday that ADA has posted a strong rebound, retracing almost four weeks of declines over the past 5 days.
What the market is watching now is that the rebound is not limited to a short-term technical bounce. It is also seen as confirming a price range maintained for years as support again. That zone acted as a key resistance level during the 2020 bull market. At the time, buying pressure took nearly 6 months to break through it, after which Cardano entered its previous bull run.
In this cycle, ADA rose to $1.3187 in December 2024 before turning lower and sliding to $0.1387 in June 2026. It has since rebounded more than 31 percent, trading around $0.1852. The recent recovery took place within a support zone that held for about 5 weeks.
On long-term charts, the zone also carries weight. ADA reached a key support area after going through its strongest down cycle since 2021. The prior bear-market low formed in December 2022, and a double bottom was confirmed in June 2023. The current decline followed a different timeline, but the market views the shift of past resistance into current support as a bullish signal.
Core price levels have also been presented if the bullish cycle continues. The first target is $1.32. The uptrend could temporarily slow in that zone. The next major resistance is pegged at $2.05. Selling pressure could be stronger at that price level.
After that, the next long-term target being discussed is a return to around the previous record high near $3.1. If the bullish trend extends further, a scenario of a rise to $7.76 has also been presented. That would be a gain of about 4,200 percent from the current price. The strongest outlook put forward $13.52 in 2028. In that case, the projected rise would be about 7,400 percent.
Market participants are also watching how long any rise could last. Some see a 1-year rally as possible, but believe a move lasting at least 2 years is more realistic. There was also an argument that the next cycle could resemble a structure of rising again after a short correction rather than a long stagnation. In that process, a pattern similar to bitcoin's recent price moves was mentioned.
A backdrop cited alongside this is that the crypto market environment differs from the previous cycle. The expansion of exchange-traded funds (ETFs), increased institutional participation and clearer regulation by the U.S. Securities and Exchange Commission (SEC) have changed the market structure. As a result, some forecasts say the next bull market could last longer and major drawdowns could be milder than before.
However, those target prices were presented on the premise that the current technical scenario holds. As a result, whether ADA can continue to defend the long-term support zone and actually break through key resistance levels such as $1.32 and $2.05 remains a key variable that could determine the medium- to long-term trend.