Cardano (ADA) Analyst Giannis Andreou Maps 105% Recovery From $0.22–$0.24 Demand Zone

Rising channel meets demand zone

Cardano (ADA) price has spent this week pressing the lower half of a rising channel drawn from its June and July lows, and the structure now rests on whether a single demand zone holds. The token recovered from roughly $0.14 in July to above $0.27 in early October; the retreat since has carried it toward the channel's lower boundary, which runs through approximately $0.21–$0.22 on the daily chart. Price stayed above that line and traded near $0.23 on Wednesday, although the fall from the October peak has narrowed the distance to the nearest support and resistance shelf to a handful of cents.

The Oct. 14 session data showed the selling plainly: the daily chart printed a 3.47% decline, opening at $0.2360 with a high of $0.2391 and a low of $0.2266, leaving the token near the bottom of its range; the weekly picture ran deeper, a 9.79% drop against an opening price of $0.2522, with a high of $0.2561 and a low of $0.2242 just below the latest print. Momentum readings accompanied the slide. Daily Chaikin Money Flow stood at -0.12 after positive readings through parts of September and early October, and the Aroon lines sat at 42.86% and 57.14%, both well below their recent peaks near 100%.

Against that backdrop, analyst Giannis Andreou set out a conditional recovery path in an Oct. 14 post, identifying the $0.22–$0.24 area as Cardano's immediate demand zone and noting that the 0.618 Fibonacci retracement sits near $0.2278, almost exactly where the daily chart last traded. His scenario asks the zone to hold and a reclaim of $0.26–$0.28 to follow before $0.2910 becomes the key breakout test; a confirmed break and retest of that level would then put $0.3206 and $0.3698 in focus, with $0.4277 listed beyond them. The illustrated bullish path extends to $0.4834, roughly 105% above the approximately $0.2354 starting price shown on his own chart.

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An Oct. 14 post.

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The weekly chart has not confirmed the recovery. Its Supertrend indicator sits at $0.2762, well above the $0.2276 weekly reading, and the line has stayed red throughout the midyear rebound, keeping the longer-timeframe signal in bear market territory; weekly Bull Bear Power, by contrast, printed a positive 0.0325 after a lengthy stretch of mostly negative readings, leaving the two weekly gauges in disagreement. The weekly chart also carries a drawn rounded recovery path extending upward into 2027, with observed price near the lower portion of that illustration, beneath the Supertrend line. That Supertrend level also falls inside the $0.26–$0.28 reclaim zone from the recovery scenario, so a move into that range would return price to both the analyst's threshold and the weekly indicator at once.

Derivatives data adds the positioning layer. A one-week liquidation heatmap for Cardano (ADA) futures shows price retreating from around $0.255 toward $0.227 across the displayed window, including rebounds toward $0.255 that failed to hold; visible bands cluster near $0.23–$0.233 and $0.24, higher concentrations sit around $0.244–$0.247, and the strongest broad band lies near $0.26, overlapping the lower end of the proposed reclaim zone. Below the market, bands appear around $0.223–$0.225 and near $0.22, close to the weekly low and to the stated downside threshold: a loss of $0.22, the analyst has said, would put $0.2110 and the $0.19–$0.20 area in focus, levels that sit near the channel's lower boundary.

Both setups therefore place the next decisive test beneath the current price rather than above it. The pullback has nonetheless left Cardano among the week's weaker altcoin performers while keeping intact the channel structure that framed its midyear recovery; it also follows a stretch of heavy Cardano whale selling, with more than 110 million Cardano (ADA) sold across five days.

Our live reading put ADA at $0.2304 at the time of writing, about 0.9% above the level on the tape at 16:22 UTC, though still 2.33% lower across 24 hours; our fuller Cardano technical analysis tracks the remaining levels. The composite scoring places the strongest confluence directly beneath the market: the $0.2295 level scored 100 out of 100, drawing the 50-day EMA and the 0.382 Fibonacci, while the $0.2406 resistance scored 82 and stands in front of the reclaim zone. Positioning leans long, with 69.6% of futures accounts on the long side and open interest near $176.8 million, while a slightly negative funding rate of -0.0044% leaves perp pricing just below spot. What the week has not changed sits underneath: the channel boundary and the $0.22–$0.24 zone remain unbroken, and the recovery scenario still starts there.