Cardano holds strong support, why price can rally to $1.19

Cardano has reclaimed the point of control after multiple successful retests of the $0.49 support. With bullish structure forming, a full rotation toward $1.19 resistance is now in play.

Cardano (ADA) continues to hold its high time frame support level at $0.49, a region that has proven reliable during multiple attempts to break lower. Following the most recent bounce, ADA has now reclaimed the point of control (POC), a critical volume and structural level that marks the midpoint of its current range. This development signals increasing strength and opens the path for a potential rally toward the top of the range.

Key technical points:

• Strong Support at $0.49: ADA has respected this high time frame level three times, each producing an impulsive bounce
• Reclaim of Point of Control: Weekly candle close above the range mid confirms bullish structure and a higher low
• Targeting $1.19 Resistance: Value area high and high time frame resistance is now the next likely upside target

ADAUSDT (1W) Chart, Source: TradingView

The $0.49 zone has acted as a major pivot for Cardano over the past several months. With each retest, buyers have stepped in, producing strong recoveries. The fact that this level also aligns with the value area low further validates its importance. Now that ADA has reclaimed the point of control, bulls appear to be regaining control of the range.

This point of control serves as both a structural and psychological level. It marks the range midpoint, dividing the price action between $0.49 support and the high time frame resistance at $1.19. Holding this level on a weekly closing basis confirms the formation of a higher low, and positions ADA for a potential breakout if momentum continues.

Volume is another critical factor. The recent price advance was accompanied by moderate upticks in bullish volume, indicating early accumulation. For ADA to break above the current swing high and make a sustained move toward $1.19, stronger volume influxes will be required. Without that support, price risks stagnating or pulling back again into the midrange.

If the point of control fails to hold, ADA is likely to return to its trusted $0.49 support. This would confirm continued range-bound conditions, keeping price oscillating between established high and low boundaries. However, if the point of control holds and buyers step in aggressively, a push above the swing high would validate a bullish market structure and open the door for a larger breakout.

What to expect in the coming price action:

Cardano remains technically bullish while holding above the point of control. Sustained volume and a higher high would open a move toward $1.19 resistance. If the POC is lost, expect another test of $0.49.