Cardano (ADA) Eyes $0.40–$1.32 Rally as Key Support Zone Sparks Accumulation

Cardano (ADA) is currently testing a major support zone, which is a price level that has historically seen significant rallies. At press time, Cardano is trading at $0.2499 as of February 6, with a trading volume of $2.93 billion within the last 24 hours and a market capitalization of $9.09 billion, having experienced a 11.28% dip over the last 24 hours and a 22.31% drop within the last week.

Source: CoinMarketCap

Cardano Approaches Critical Support Rally

Crypto analyst Crypto Patel noted in his analysis on February 6, 2026, that ADA is approaching the same support zone, which led to a 2100% price rise during the 2021 bull run.

Source: X

This zone, between $0.14 and $0.18, may be an area of strong accumulation before the next potential rally, according to Patel. “Every time this zone has been touched, we have seen huge rallies, including a 600% rally in 2024.”

Cardano Weekly Momentum Slips Further

As per the technical indicators, ADA is still under immense pressure. The Relative Strength Index (RSI) of ADA is at a level of 27.63, indicating that it is trading in the oversold zone. The price of ADA is trading much lower compared to the major moving averages.

The 20-week simple moving average is at $0.6436, the 50-week simple moving average is at $0.6113, the 100-week simple moving average is at $0.5155, and the 200-week simple moving average is at $0.4884. This shows a strong bearish trend, indicating weakness in the market.

Source: TradingView

Further bearish signs are indicated on the MACD chart. The MACD line is at -0.0170, which is below the signal line at -0.1128. The histogram is negative at -0.0957. It is indicated that until the MACD line begins to flatten or rise, the selling pressure is likely to persist.

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Cardano Signals Potential Next Rally

However, despite the decline, history and analyst insights point to a possible accumulation phase. Patel states that ADA can follow historical patterns, which can see the price target between $0.40 to $1.32, or even $3.10 if a full-cycle extension is achieved. The point of invalidation for this is if the price closes below $0.10 per week.

Investors should remain cautious and keep an eye on price movements. Low sentiment is a time for long-term buyers to accumulate, setting up a future rally.

Considering the parabolic run-ups Cardano has experienced from these price levels in the past, Cardano could be setting up for the next big move, making this an important time for ADA investors.

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