TLDR
- Cardano price rose nearly 4 percent on November 5 after hitting its lowest level in months.
- Analyst Ali Martinez predicted a bullish breakout if Cardano maintains its current support zone.
- Martinez expects Cardano price to reach 1.15 dollars if buying momentum continues.
- Technical charts show a death cross and head and shoulders pattern signaling possible volatility.
- Cardano continues to lag behind competitors such as Solana, Tron, and Binance Smart Chain.
Cardano price climbed nearly 4% on November 5 as the broader crypto market stabilized after recent volatility. The token traded around $0.51, recovering slightly from its monthly low of $0.4920.
The rebound followed a major sell-off that had pushed Cardano price down by over 50% from its yearly high. The decline erased billions in market value and raised concerns about the network’s weakening position.
However, the recent bounce encouraged optimism among traders who view the support zone as a key turning point for recovery.
Analyst Sees Bullish Setup Despite Market Risks
Crypto analyst Ali Martinez projected a possible bullish breakout after Cardano price tested a long-standing support area. He stated, “ADA has consistently rebounded from this level since November last year.”
According to Martinez, the token could rise toward $1.15 if buying momentum sustains through current resistance zones. This level matches the highs reached between December and January, representing a potential 112% increase.
Still, market risks remain as Cardano price faces technical pressure from bearish indicators such as a death cross pattern.
Chart data shows Cardano price forming a head-and-shoulders pattern, which usually precedes extended downward movements. The setup reflects investor uncertainty despite temporary rebounds.
If the token falls below $0.5100, analysts warn of further losses toward $0.3233, last seen in October 2023. Martinez cautioned that historical patterns do not always repeat, leaving room for new trends to develop.
$0.52 is a support level that has triggered strong rebounds for Cardano $ADA since November 2024. pic.twitter.com/8HdaiayxYO
— Ali (@ali_charts) November 5, 2025
Traders remain divided over whether this short-term rise represents a real recovery or a classic dead-cat bounce.
Midnight Development Aims to Lift Cardano Price
Cardano price has struggled compared to networks like Solana, Tron, and Binance Smart Chain. These platforms continue to attract higher activity and liquidity.
Industry data shows Cardano’s total value locked remains relatively low, trailing behind newer projects such as Sonic and Unichain. Its stablecoin supply has also stagnated at around $30 million throughout the year.
Developers have often described the network as underutilized, citing fewer decentralized applications and slower ecosystem growth.
Cardano founder Charles Hoskinson expressed confidence that the upcoming Midnight sidechain will address these ongoing challenges. He called Midnight a “zero-knowledge scaling platform” capable of transforming the network’s capabilities.
Hoskinson revealed that Midnight has been in development for six years and is nearing its public launch. He emphasized that the project has already secured over 80 partnerships with leading blockchain developers.
“Midnight will solve the issues holding Cardano back,” Hoskinson stated, underscoring the initiative’s strategic importance.
New Partnerships and Growth Prospects
Partners include Sundae Labs, Maestro, OpenZeppelin, and Fluid Tokens, which are integrating their tools into the Midnight ecosystem. These collaborations aim to enhance privacy features and attract decentralized finance projects.
Hoskinson said that the sidechain would bring billions in value to the network once deployment begins. Developers expect that growing adoption will directly influence Cardano price performance over the coming quarters.
As confidence builds, analysts are watching whether Midnight’s launch triggers renewed investor activity in Cardano assets.
For now, Cardano price hovers near its short-term resistance, while traders monitor volume spikes for momentum confirmation. Technical analysts suggest that maintaining levels above $0.51 could prevent another downward reversal.
If sustained, this recovery could mark the start of a broader rally toward $1.15 before 2025. However, failure to hold current support may lead to another retracement phase in the coming weeks.
As of Tuesday’s session, Cardano price remained stable, reflecting cautious optimism in the market’s short-term direction.
