Cardano has returned to a critical technical area after another volatile week for the broader crypto market. ADA is now trading around $0.24 following today’s market correction, with the toke
Cardano has returned to a critical technical area after another volatile week for the broader crypto market. ADA is now trading around $0.24 following today’s market correction, with the token down roughly 6%.
Against that backdrop, Crypto Capital Venture has published a widely watched analysis arguing that Cardano may be approaching one of its most important technical moments in years. The video has attracted nearly 40,000 views in roughly a day, with the analyst focusing on ADA’s attempt to emerge from what he describes as an approximately 1,848-day bear market.
His thesis is not that Cardano has already entered another major bull market. Instead, he identifies a series of price levels ADA would need to clear before that argument becomes considerably stronger.
Crypto Capital Venture begins with the bigger picture. According to his analysis, Cardano has spent roughly five years trading through a prolonged bearish period, broadly reflecting the weakness altcoins have experienced against Bitcoin.
He argues this is not exclusively a Cardano problem. His altcoin-versus-Bitcoin chart has also spent roughly 1,700 days in a bearish trend, which he connects with a prolonged period of economic contraction. His broader thesis is that an eventual transition toward economic expansion could provide the environment for another altcoin cycle, although he explicitly notes that this is not guaranteed.
On ADA’s daily chart, he points to the recovery from approximately $0.13 and the subsequent formation of higher highs and higher lows. The problem is that ADA has now returned to an area that previously acted as consolidation before the May-June capitulation. That makes the current region an important resistance zone rather than confirmation that the longer decline has ended.
Today’s correction reinforces that point. With ADA back around $0.24 after falling approximately 6%, buyers have yet to establish control over the resistance area the analyst is watching.
The analyst sees approximately $0.40 as the first major upside target if Cardano can move beyond its current trading range.
His reasoning comes from the structure developing on the daily chart. He describes $0.40 as the projected pattern target and also notes that the same region has repeatedly served as an important consolidation and resistance area during previous stages of Cardano’s market cycle.
From ADA’s current $0.24 price, reaching $0.40 would represent an advance of roughly 67%.
But $0.40 would not necessarily mean the road ahead becomes easy.
The 200-week moving average sits around $0.46-$0.47 in his analysis. That creates a broader resistance region stretching approximately from $0.40 to $0.47. He believes clearing that entire area would provide much stronger evidence that Cardano is leaving its long bear market behind.
That distinction matters. ADA reaching $0.40 is one scenario; establishing itself above the major weekly moving averages is a much larger technical accomplishment.
Crypto Capital Venture also lays out a bearish scenario, which has become particularly relevant following today’s market decline.
If ADA cannot overcome its current resistance and retreats deeper into its previous range, he identifies approximately $0.20-$0.21 as an important support region. His chart places several moving averages around that area, including the 200-day moving average near $0.21.
At $0.24, ADA is now only around 12% above $0.21.
The analyst does not view a return to that region as automatically destroying the larger setup. Instead, he would watch how ADA behaves around those moving averages before determining if the developing recovery structure remains intact.
This leaves Cardano sitting between two particularly important areas: roughly $0.20-$0.21 on the downside and $0.40-$0.47 as the larger upside hurdle.
The second half of the analysis turns toward Midnight and its NIGHT token, which Crypto Capital Venture describes as his Cardano ecosystem play for the current cycle.
Midnight focuses on programmable data protection and selective disclosure. The analyst contrasts this with privacy-focused cryptocurrencies centered primarily on private money, arguing that Midnight is targeting privacy for applications and data instead.
From a price perspective, he identifies a short-term NIGHT target near $0.04. Beyond that, his attention turns toward reclaiming an approximately $1.6 billion market capitalization, which he sees as an important level from the token’s early trading period.
He also discusses much larger hypothetical valuations of $12 billion and $24 billion later in the cycle. Those numbers should be treated as his speculative scenarios rather than established targets; the transcript does not provide a valuation model demonstrating that NIGHT will reach them.
For ADA itself, the immediate picture is considerably simpler.
Cardano has fallen back to approximately $0.24 during today’s broader market correction, placing additional pressure on the recovery structure.
The analyst’s roadmap now gives traders clearly defined areas to monitor: holding around $0.20-$0.21 would preserve an important layer of support, while eventually moving through $0.40-$0.47 would represent a much more meaningful change in Cardano’s long-term technical structure.
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The post Cardano Price Could Be Preparing for Its Biggest Move in Years! appeared first on CaptainAltcoin.
