Cardano price is holding $0.38 after a bullish retest, with rising volume supporting continuation potential as the price targets the next key resistance near $0.48.
Summary
- ADA reclaimed $0.34 high-time-frame support, triggering an impulsive rally
- Price held $0.38 order block support, confirming a bullish retest
- Upside continuation targets $0.48 resistance near the value area high
Cardano’s (ADA) price action exhibits strong reversal characteristics after an impulsive rally reclaimed key structural support, shifting short-term market conditions bullish. After defending the high-time-frame support zone near $0.34, ADA responded with strength, signaling renewed demand and improving momentum.
Following that rally, price rotated back toward the $0.38 region, an area that acted as a high-time-frame order block. The fact that ADA held this zone and confirmed a bullish retest suggests that buyers are defending higher levels rather than allowing price to return to the prior bearish structure. With volume improving and structure strengthening, Cardano is now positioned for continuation as long as this support holds.
Cardano price key technical points
- Cardano reclaimed $0.34 high-time-frame support, triggering an impulsive rally
- Price confirmed a bullish retest at $0.38, reinforcing structural support
- Upside focus shifts toward $0.48 resistance, near the value area high
The reclaim of $0.34 is a major technical development because it represents a high-time-frame support zone that previously acted as a key demand level. Once the price pushed back above this region, Cardano transitioned from weakness into a more constructive recovery structure.
From a market structure perspective, the impulsive move off $0.34 suggests that buyers stepped in aggressively, rather than allowing price to drift higher slowly. Impulsive price action typically indicates stronger conviction and can be an early sign that a trend reversal is underway.
This move also disrupted the previous bearish sequencing, where price had been capped by resistance and unable to establish consistent higher highs. By reclaiming support and extending higher, ADA has begun to form a more bullish structure that must now be maintained through the current retest phase.
Bullish retest at $0.38 confirms demand
After the rally, ADA returned to the $0.38 high-timeframe order block and held it as support. This retest is critical because bullish continuation setups often require the price to return to key breakout areas before resuming the trend.
Holding $0.38 suggests that demand remains active at these levels. Instead of buyers abandoning their positions after the first rally, the market is showing acceptance above the order block, reinforcing that the move higher is supported by genuine participation.
This is an important structural signal. When a price reclaims a zone and then successfully retests it, it often indicates that the market has shifted into a higher-value area, creating a foundation for continuation rather than collapse.
Volume notes support the bullish thesis
Volume behavior adds further credibility to this setup. The presence of bullish volume notes during the rally and into the support hold suggests that participation is increasing, which strengthens the probability of follow-through.
In many failed rallies, price pushes higher on weak volume and quickly reverses. In Cardano’s case, volume inflows support the idea that buyers are actively defending the structure. Rising volume around key support zones is often associated with accumulation, in which demand absorbs selling pressure and stabilizes the price before the next leg higher.
As long as volume remains constructive and ADA continues holding the $0.38 zone, the probability of continuation remains elevated.
Next key resistance: $0.48 value area high
If Cardano maintains support, the next major upside objective is $0.48, which aligns with high-time-frame resistance near the value-area high. This level represents a key barrier where price is likely to face supply, and it will act as the next major test for bullish continuation.
A move to $0.48 would not only represent a continuation but also help confirm the broader market-structure shift. Breaking above that region would signal that buyers are reclaiming key resistance levels and increase the probability of further price expansion beyond the current recovery phase.
Until $0.48 is reclaimed, ADA remains in the early stages of reversal. However, holding $0.38 support keeps that upside scenario active.
What to expect in the coming price action
In the near term, Cardano’s bullish continuation thesis depends on defending the $0.38 support zone on a closing basis. As long as ADA holds this order block and maintains constructive volume behavior, the probability favors a continued rotation toward the $0.48 resistance level.
Source: https://crypto.news/cardano-price-holds-0-38-support-amid-bullish-retest/
