Key Insights
- •ADA eyes $0.90 resistance; breaking it could lead to a rally toward $1.10.
- •Analyst BullishBanter sees short bounce potential if $0.78–$0.80 support holds for ADA.
- •Strike Finance distributes 750K ADA to stakers, on track for 1.5M in its first year.
Cardano’s Key Support Levels: Potential for a Short Bounce
Cardano (Cardano $ADA) is currently testing a key resistance level at $0.90, which crypto analysts view as a critical point for potential upward movement. A successful break above this resistance could lead to a rally toward the $1.10 mark.
Cardano recently faced rejection at the $0.86 mark, a level that represents the equilibrium high (EQH) for the asset. ADA is testing support in the $0.78–$0.80 range, with analyst BullishBanter suggesting that the support could hold, potentially triggering a short‑term bounce toward the $0.82–$0.83 zone.
The current price movement suggests that ADA is in a re‑accumulation phase. The analyst believes that this consolidation could be a sign of smart money positioning before a larger price move. As ADA continues to consolidate, the expectation is that it could prepare for upward momentum once the support at $0.78–$0.80 holds.
ADA Current Price and Potential Rally to $1.10 Target
However, ADA is currently testing crucial resistance levels as it approaches the $0.90 mark. Crypto analyst Ali_charts pointed out that breaking above this level could trigger a rally toward a $1.10 target. As of October 6, 2025, ADA has been consolidating within a downward channel, signaling a possible shift if the resistance is breached.
Ali’s chart analysis suggests that Cardano could experience upward momentum if it surpasses the $0.90 resistance level. A break above $0.90 could open the path for further price targets at $1.04 and $1.10.
As of now, Cardano stands at $0.8086 USD, with a 24‑hour trading volume of $1.23 billion. The asset has seen a decline of 1.56 % in the last 24 hours, with the market actively testing key resistance and support levels.
Strike Finance Achieves Milestone in ADA Distribution
Meanwhile, Strike Finance (@strikecardano) has reached a significant milestone, distributing over 750,000 ADA directly to $STRIKE stakers. The protocol, which launched on the Cardano mainnet, is on track to distribute 1.5 million ADA within its first year. This marks a notable achievement for the platform as it continues to gain traction in the Cardano ecosystem.
On October 8, 2025, Strike Finance expressed its gratitude to the community for the support. “Thanks to everyone for the support,” the team wrote. The protocol's ability to engage a growing number of stakers reflects its success and highlights its role in the Cardano network.