Cardano Eyes Second Rebound as Analyst Maps Path to $0.95

Cardano could be setting up for a second major rebound after breaking out of a prolonged bearish structure, according to crypto analyst Lana Valentis.

Valentis argues that Cardano has completed its first bounce from a multi-month descending channel that had pressured the token since mid-2025.

Following the breakout, ADA entered a consolidation phase above the $0.19 support zone on the daily chart. According to Valentis, holding this level remains crucial because it could provide the foundation for another upward move.

Therefore, a sustained hold above $0.19 would strengthen the bullish setup, while a break below the support could weaken expectations for a broader reversal.

Valentis expects ADA to stage a second bounce from the current support area before testing the $0.24 resistance level.

Moreover, she believes a decisive break above $0.24 could mark a significant shift in ADA’s market structure. Such a move would potentially confirm that the token has moved beyond its prolonged bearish trend and entered a new bullish phase.

From there, Valentis identified progressively higher targets at $0.29, $0.39, $0.50, $0.70, and ultimately $0.95. With ADA currently trading at $0.1968, reaching $0.95 would require a gain of 382%. ADA last reached this level in September 2025, before coming under sustained selling pressure.

However, the bullish setup still faces significant risks. The chart shows two previous bounce attempts that failed to reverse ADA’s broader downtrend, with rejections occurring in October 2025 and February 2026.

These failed attempts suggest that another rejection could emerge if buyers fail to build sustained momentum above key resistance levels. Consequently, the $0.19 support and $0.24 resistance remain critical levels to watch as ADA develops its next move.

Meanwhile, ADA has started September in the red, continuing a historically weak pattern for the token during the month.

ADA has already declined 1.82% in the first two days of September. Since its launch, Cardano has finished September in positive territory only once. In 2024, ADA gained 7.87% during the month.

By contrast, ADA ended September lower in 2018, 2019, 2020, 2021, 2022, 2023, and 2025, recording losses of 16.2%, 13.5%, 17.7%, 24%, 2.87%, 0.95%, and 0.53%, respectively.

Overall, ADA has posted an average September return of -7.74%, while its median September return stands at 2.87%. This historical weakness could add another challenge to ADA’s attempt to sustain a breakout and advance toward Valentis’ higher targets.