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▲ Cardano (ADA)
Cardano (ADA) has rebounded over 31% from its June 2026 low of $0.1387, reclaiming a key support zone that has persisted for years. A technical outlook suggests that if a long-term bullish scenario materializes, it could reach $13.52 by 2028, representing an increase of approximately 7,400%.
According to crypto media outlet TheCryptoBasic on July 6 (local time), Cardano regained bullish momentum by erasing approximately four weeks of declines in just five days. Cardano recorded a high of $1.3187 in December 2024, then dropped to $0.1387 in June 2026, but has since rebounded over 31%.
On long-term charts, a rebound from a key support zone was observed after experiencing its strongest downward cycle since 2021. In the previous bear market, a bottom was formed in December 2022, followed by a double bottom confirmation in June 2023. The recent rebound zone acted as support for approximately five weeks and was a strong resistance level in 2020. At that time, it took about six months for buying pressure to break through this zone, after which Cardano entered a bull market.
TheCryptoBasic analyzed that the long-term trend has turned bullish as the former resistance line became a support line. While there's a possibility that the next upward cycle could last one year, a minimum two-year trend is presented as a more realistic scenario. This analysis suggests that a cycle similar to Bitcoin's (BTC) recent price movements, where bullish momentum continues after a short correction rather than a prolonged bear market, could emerge.
Price targets were presented in stages. The first target is $1.32, a zone where the uptrend might temporarily slow down, and stronger selling pressure could emerge at $2.05. Subsequently, $3.1, near the previous all-time high, was suggested as a long-term target, and an additional rise to $7.76 would represent an approximate 4,200% increase. The strongest bullish scenario, if the technical outlook unfolds, implies reaching $13.52 by 2028, meaning an approximate 7,400% increase.
The expansion of ETFs in the cryptocurrency market, increased institutional participation, and regulatory clarity from the U.S. Securities and Exchange Commission (SEC) were also cited as factors behind future market cycle changes. The outlet reported an analysis suggesting that as the cryptocurrency market matures compared to previous cycles, bull runs could be longer, and the intensity of major downturns could weaken.
[Article Key Summary]
-Cardano rebounded over 31% from its June 2026 low of $0.1387, recovering a long-term key support zone.
-Technical price targets were presented in order: $1.32, $2.05, $3.1, and $7.76.
-The strongest bullish scenario suggests the possibility of reaching $13.52 by 2028 and an approximate 7,400% increase.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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