Cardano rises 5% in 24 hours to $0.1784, analysts say key support is holding

Cardano has recently emerged among the cryptocurrency assets showing signs of recovery. As of July 4, 2026, the price of ADA stood at $0.1784, climbing 5.19% in the past 24 hours. The token saw its daily trading volume reach $870.94 million, while its total market capitalization hit $6.48 billion.

Key support zone remains intact

One of the main focal points for the market has been Cardano’s ability to stay above a critical support zone closely watched by investors. Crypto analyst The Boss characterized the price’s ability to defend this level, especially after the sharp pullback earlier in the week, as a notable technical development.

Recent weekly candlesticks suggest that selling pressure has eased compared to previous periods, while buying interest has picked up. Unlike earlier downtrends, when the price declined without encountering obvious resistance, the current outlook indicates a more balanced market structure.

The analysis highlights that the support zones marked in green form the foundation of the current market setup, while resistance areas shown in yellow have been limiting stronger upward movements. Should buyers continue to defend these levels, the recent bounce could evolve into a more meaningful price move.

Indicators turning positive

Technical indicators are also offering a more constructive short-term outlook for ADA. After rebounding from its local bottom, Cardano rose above the midline of the Bollinger Bands at $0.15811. Sustaining above this level signals a renewed shift in favor of buyers.

The price is now approaching the upper Bollinger Band at $0.18192, while the lower band stands at $0.13430. If Cardano breaks through the upper band with significant volume, further bullish momentum could be expected.

The MACD indicator is also sending a positive signal, with the MACD line at 0.00560, ahead of the signal line at -0.00645. The histogram remains positive at 0.01205, further supporting the view that buying strength is recovering.

Upcoming sessions to test resistance

In the trading days ahead, market attention will focus on Cardano’s attempt to decisively break through its overhead resistance without losing momentum. Particularly, overcoming the area near the upper Bollinger Band is deemed crucial for the current rebound to transition into a more distinct upward trend.

On the other hand, if resistance cannot be breached, the tug-of-war between buyers and sellers may result in the price moving sideways for some time. The preservation of current support levels, combined with improving indicators and renewed buying interest, underscore that Cardano may be entering a healthier phase compared to its prior downtrend.

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