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Cardano is at $0.71 but Maelius’ (@MaeliusCrypto), a chartist with over 20 years of experience, published a weekly structure on X that suggests the lull could be a pause for the next upward leg. The analyst chart compresses seven years of ADA/USD history into one pane and shows that – despite a 45 % retracement from the late-2024 peak – the coin has not violated the rising dashed trend-line that has connected every cycle low since the 2020 Covid panic.
Cardano Price Ready For Liftoff?
The most recent dip occurred within a demand band, which stretches between $0.57 and $0.78. It immediately produced a classic higher low (HL), never closing below this dynamic support. The price is now trading near the exponential 50-week moving average (currently $0.66) after two definitively green candles.
Back in March 2024 the same moving average acted as a springboard for a vertical breakout that carried ADA to a higher high (HH) just shy of $1.31 – the top of the dotted, upward-sloping channel that has contained every impulsive rally Since 2020. Maelius says that the channel upper boundary is now close to $1.50 and that this could be enough to create momentum for a retest of that ceiling.
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Momentum confirms the thesis. However, it hasn’t yet been confirmed in full. The weekly relative-strength index sits at 49 and has been squeezing into a falling wedge since the March high; it is carving a sequence of higher lows that mirrors price, yet the down-sloping resistance line – drawn from the HH reading near 82 – still caps any advance. The Wave-Trend Oscillator tells a similar story: it produced a glaring bearish divergence at the 2024 top, bled into oversold territory around −50, and is only now curling upward, with the fast and slow curves on the verge of a bullish cross.
“ADA looks dope, or is just me?! Would like to see RSI breakout w/ decisive move on WTO to get super-confident, but price will be higher when (and if) we get it,” Maelius did not write when he published the chart. As a result, the price may not be able to keep up with momentum confirmation. cycle accelerations Between 2020 and 2023.
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The prevailing downward trend line since the record high of 2021 was broken more than a month ago. And the recent correction resembles no more than a return to the new support.
As long as weekly candles respect the lower edge of the grey demand block (~$0.57) and the multi-year rising trend-line, the path of least resistance points north – with the next confluence of resistance stacked near $0.81 (the March-2024 swing high) as well as the December 2024 high at $1.31 and the upper channel wall around $1.50.
Maelius claims that the market would already be at the level of materially higher pricesHe is confirming his belief that the next surge in popularity will be only a few months away.
At the time of publication, ADA was trading at $0.709.
Featured Image created using DALL.E and chart from TradingView.com
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Source: www.newsbtc.com
