Cardano currently trades around $0.87, but its charts tell very different stories depending on the time frame. On shorter time frames, ADA shows signs of strength, while the daily setup looks far less convincing. Traders watching the Bollinger Bands on the daily chart see clear resistance that could block further gains before a major breakout occurs.
Short-Term Charts Show Upside Potential
On the 4-hour and 12-hour charts, ADA has repeatedly bounced between the $0.82 and $0.85 regions. This area now acts as a short-term base of support. As long as those base holds, momentum favours another push higher. A breakthrough the $0.90 barrier could open the path toward $0.94, giving intraday traders reason to lean bullish.
Source: TradingView
This setup suggests that near-term action remains tilted to the upside. The daily chart, however, paints a different picture. The Bollinger Bands reveal ongoing pressure, with the $0.85 midpoint failing to act as support. Instead, it has flipped into resistance.
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The upper band near $0.98 has remained untouched since early August, which makes the daily trend look heavy. If ADA cannot maintain levels above $0.85, a decline back to $0.82, or even $0.76, could easily follow.
Weekly Chart Sets Eyes on $0.96
Zooming out to the weekly chart, ADA continues to battle resistance at $0.96. The token has struggled to break below this barrier throughout the year. A decisive breakout above $0.96 would signal a major reversal of the longer-term trend and could spark stronger momentum for weeks to come.
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Cardano’s outlook depends entirely on the time frame. In shorter periods, the market leans upward, while the daily chart signals weakness. Meanwhile, the weekly chart highlights a crucial ceiling at $0.96.
For now, ADA remains in a roller coaster phase bouncing up, dipping down, and possibly gearing up for a bigger move if resistance finally breaks.
