Cardano is testing key support near $0.50 as a bullish flag forms, with buyback plans potentially fueling a breakout toward $1.00.

After weeks of downside, Cardano might finally be nearing a turning point. The chart is tightening, sentiment is shifting, and the bulls are eyeing a comeback. With ADA holding firm above key support and whispers of a bold new buyback plan gaining pace, the stage is set for a possible bullish Cardano price pridiction.

Cardano Technical Analysis

Cardano is approaching a key pivotal decision moment. After grinding lower in a steady downtrend, it’s now sitting right above a crucial support level around $0.50 to $0.52, a zone that’s held the line multiple times in the past year. As Most Angry Bull points out, the chart is tightening into a decision point, with a descending trendline pressing down from above and horizontal support underneath.

Cardano approaches a key technical crossroads as price compresses between long-term support and a descending trendline. Source: Most Angry Bull via X

Technically, if bulls can defend this zone and flip the descending trendline, currently cutting across the $0.68 to $0.70 region, Cardano price could rally back toward the $0.82 level, and possibly retest the $1.00 psychological mark. But if support fails, the next stop could be a deeper dive toward $ 0.42 to $0.45, a level that hasn’t been visited since late 2023.

ADA/BTC Accumulation Phase Echoes Past Cycles

While ADA’s USD chart tightens near support, the ADA/BTC pair is showing a longer-term accumulation pattern. As highlighted by polaris_xbt, ADA/BTC is revisiting a structural low that mirrors its 2019 and 2020 accumulation zones. The current chart setup shows compressed volatility, low relative strength, and a similar “rounded bottom” structure beginning to take shape.

ADA/BTC revisits a multi-year support zone, flashing early signs of a rounded bottom formation. Source: polaris_xbt via X

From a technical lens, the 0.0000065 BTC level appears to be the floor. If that holds and volume begins to pick up, a move toward 0.000012 to 0.000015 BTC could be on the table, marking the start of a rotation back into altcoins.

Cardano Price Prediction Aims for $1.00 as Bullish Flag Appears

Amid Cardano’s consolidation near key support and broader market uncertainty, a new technical pattern is catching attention. Analyst Crypto Mullah highlights that ADA Cardano price is forming a bullish flag on the 3-day chart.

Cardano forms a bullish flag on the 3-day chart, hinting at a potential breakout toward $1.00. Source: Crypto Mullah via X

If ADA breaks above the upper trendline, currently around $0.69 to $0.71, it could confirm the flag and set off a move toward $0.90, with the potential to push as high as $1.00 to $1.10 in the weeks ahead. This setup strengthens the broader view that ADA is sitting near a critical bottom zone.

Cardano Treasury Now Fifth-Largest

Cardano’s fundamentals just added another major point to the bullish narrative. According to TapTools, Cardano’s treasury has officially crossed the $1.2 billion mark, making it the fifth-largest in the entire crypto space. This treasury strength reinforces Cardano’s financial conditions and has an impact on its price behavior.

Cardano’s treasury tops $1.2 billion, ranking fifth-largest in crypto and boosting confidence in its long-term strength. Source: TapTools via X

Cardano’s Buyback Proposal Could be the Bull Run Trigger

With its treasury now topping $1.2 billion, Cardano is exploring bold next steps, shares Coin Bureau. Charles Hoskinson has floated the idea of converting a portion of that treasury into Bitcoin and stablecoins, then using the yield generated to buy back ADA. The proposal aims to create long-term value by turning idle funds into yield-bearing assets that directly support the token’s market.

Cardano explores a treasury-backed buyback plan aimed at reducing supply and boosting price momentum. Source: Coin Bureau via X

If executed, buybacks could serve as a powerful price support mechanism. By consistently removing ADA from circulation using real yield, the supply pressure is reduced. Over time, this can lead to a supply shock, which can be particularly impactful if it coincides with rising demand or a broader altcoin rotation. Technically, ADA Cardano price is already pressing against a critical support zone around $0.50 to $0.52, with a potential breakout forming on the 3-day chart. If bulls can flip resistance at $0.70 and confirm the bullish flag structure, buybacks could accelerate momentum and extend the move toward $1.00.

Final Thoughts: Will Buy-Backs Be Effective?

Cardano finds itself at a rare intersection of strong technicals and bullish fundamentals. With price consolidating just above a historical support zone and a bullish flag forming on the 3-day chart, the timing of the buyback proposal couldn’t be more critical. If the community moves forward with converting part of the treasury into yield-generating assets, the buybacks could inject much-needed confidence and price momentum, especially if the ADA Cardano price breaks above the $0.70 resistance.