Cardano News Today: Cardano’s $0.63 Level Under Scrutiny—Will It Pave the Way to $1.70?

Cardano's

currently stands at a pivotal point as it hovers close to the $0.63 support mark—a level that, according to experts, could dictate whether the asset resumes its upward momentum toward $1.70. Technical analysis points to a symmetrical triangle formation that has shaped ADA’s price since early 2025, with $0.63 marking a crucial support line. Should ADA maintain this threshold, analysts suggest a bounce to $0.85 is possible, potentially paving the way for a surge to $1.70, as highlighted in a and a .

This symmetrical triangle, defined by narrowing trendlines and reduced volatility, indicates a significant move may be imminent. A fall below $0.63 could see ADA drop to $0.50, undermining the bullish outlook, while a sustained climb above $0.736 would reinforce the pattern’s positive potential. According to CoinMarketCap, ADA was trading at $0.65 on October 25, up 0.65% in 24 hours, with a market cap of $23.57 billion—a figure also cited by Coinotag. However, trading volume has shrunk by 38% to $448 million, reflecting investor caution ahead of a possible breakout.

Experts stress the importance of the $0.63 level. Man of

points out that surpassing the descending trendline at $0.684 could initiate an ABC corrective wave, with $0.85 as the next major resistance. Forecasts extend to $1.10, $1.30, and potentially $1.70 by early 2026, depending on broader market trends. Meanwhile, Ali Charts notes that 70% of ADA’s historical symmetrical triangles have resulted in upward moves when supported by strong fundamentals, such as Cardano’s 70% staking rate.

On the fundamentals side, positive developments are adding to the bullish narrative. Cardano’s upcoming AMA events on October 27, hosted by the

Foundation, will cover plans to apply for .ada and .cardano generic Top-Level Domains (gTLDs), according to . This initiative aims to boost trust and foster innovation in the Cardano ecosystem, potentially drawing in more users and developers. Additionally, on-chain data shows a 5% month-over-month increase in wallet addresses, as previously reported by Coinotag.

Despite these positives, market sentiment remains mixed. While ADA bulls are targeting $0.85, large holders have started exploring other opportunities. This shift highlights ongoing short-term uncertainty, even as the long-term technical picture remains optimistic.

Technical signals add further complexity. A MACD golden cross below the zero line—a rare bullish indicator—has appeared, which has historically preceded 60% price rallies, as noted by

. However, ADA faces immediate resistance in the $0.74 to $0.77 range, reinforced by a downward trendline. Analysts such as Zayn Node warn that a decisive move above $0.72–$0.75 could send ADA to $1.02, while a drop below $0.60 could prompt a retest of $0.50.

Reaching $1.70 depends on ADA holding the $0.63 support. If this level is maintained, the symmetrical triangle could resolve with a 157% rally, aligning with the 1.414 Fibonacci extension at $1.75, according to an analysis by

. Broader catalysts, such as potential ETF approvals and real-world payment integrations, could further drive adoption, as noted by Zycrypto.