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Cardano price started a fresh decline below the $0.80 zone. ADA is now consolidating and might aim for a recovery above $0.780. ADA price started a fresh decline below $0.80 and $0.780. The price is trading above $0.750 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $0.750 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7840 resistance zone. Cardano Price Eyes Recovery In the past few days, Cardano saw a fresh decline below the $0.7550, unlike Bitcoin and Ethereum. ADA even declined below the $0.740 level before the bulls appeared. A low was formed at $0.7287 and the price is now attempting a recovery wave. The price climbed above the $0.750 resistance level. There was a move above the 23.6% Fib retracement level of the recent decline from the $0.8380 swing high to the $0.7287 low. There was a break above a bearish trend line with resistance at $0.750 on the hourly chart of the ADA/USD pair. Cardano price is now trading above $0.740 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7680 zone. The first resistance is near $0.7840 or the 50% Fib retracement level of the recent decline from the $0.8380 swing high to the $0.7287 low. The next key resistance might be $0.80. If there is a close above the $0.80 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.820 region. Any more gains might call for a move toward $0.8350 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.7680 resistance level, it could start another decline. Immediate support on the downside is near the $0.750 level. The next major support is near the $0.740 level. A downside break below the $0.740 level could open the doors for a test of $0.7260. The next major support is near the $0.70 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.750 and $0.740. Major Resistance Levels – $0.78400 and $0.8000.

Cardano (ADA) has maintained a relatively steady upward trend over the past few weeks. Although the cryptocurrency was rejected at the $0.84 price level again last week, the current price action is still holding strong with only a minor drop in the past 24 hours. However, technical analysis deeply rooted in Elliott Wave theory now suggest a steep price decline could be looming for ADA, with a price target pointing as low as $0.42 in the weeks ahead. Bearish Elliott Wave Count Says Wave C Breakdown Ahead According to the Elliott Wave count presented in a technical analysis on TradingView, Cardano (ADA) looks like it is currently wrapping up a B-wave correction that has formed over the past months between April and June 2025. This B wave is part of a larger corrective phase, and while it may appear impulsive on lower timeframes, the Elliott wave theory suggests that it is merely a trap before the final C-wave crash. Related Reading: Cardano Market Structure Says Crash Is Coming, But $0.9 Is Still In The Cards Based on this forecast, the price of Cardano could soon initiate a sharp decline that would bottom out near the $0.42 region, which coincides with the 0.786 Fibonacci retracement level drawn from the previous impulse.  According to this Elliott wave count, this ABC formation is all part of a larger corrective Wave 4 before a bullish Wave 5. Keeping this in mind, the prediction stipulates that ADA should not fall below $0.40, which marks the top of the first major wave in the overall bullish structure. A move lower than that would risk invalidating the broader long-term setup.  Is It Time To Exit Cardano? If the technical analysis plays out as predicted, the projected crash to $0.42 would translate to a 50% drop from the current price of Cardano. This will undoubtedly sound bad, especially for short-term holders. However, this bearish wave could also be a hidden opportunity.  Related Reading: Cardano Sees 25% OI Jump In 24 Hours As Bulls Eye Reversal Above $1 As shown in the ADA 4H candlestick chart above, the projected Wave C crash to $0.42 would be followed by a bullish impulse Wave 5 that will push it above the $1 mark again. Specifically, the target is a push towards $1.6. Keeping this in mind, if ADA indeed corrects toward $0.42–$0.40, it would provide a good accumulation zone before the next leg up. Although this bearish forecast is well supported by Elliott Wave principles, it is by no means a guaranteed outcome. ADA and other large market-cap cryptocurrencies are currently highly reactive to Bitcoin’s price action. If Bitcoin extends its rally and breaks into new all-time highs again soon, the projected ADA correction may either be muted or entirely invalidated. As such, it would be interesting to see how the ADA price action plays out in the next few days. At the time of writing, ADA is trading at $0.7706, down by 0.2% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

Cardano, and specifically its founder Charles Hoskinson, has come under fire recently after allegations of fraud surfaced online. The rumors quickly spread as the integrity of the blockchain and its founder were called into question. As a result, Hopkinson has delivered a response, with a shocking revelation on how he plans to interact with the public and the community going forward. Alleged $619 Million Going Missing On May 7, 2025, an X user who goes by the name Masato Alexander made a shocking claim: 318 million ADA worth $619 million had been illegally moved and the finger was being pointed at Cardano founder Charles Hoskinson. Apparently, this had happened with the Allegra Hard Fork which took place back in 2021 as core functions of the blockchain were changed. Related Reading: Bitcoin Macro Trend Oscillator Shows When To Expect The Price Top Alexander claimed that Hoskinson had deployed code during what was thought to be routine upgrade with an extra payload. Allegedly, this allowed Hoskinson to erase the original ICO UTxOs which held a total of 318 million ADA and moved the funds to Cardano reserves that were controlled by private keys tied to Hoskinson. The transaction was done through an MIR transaction, which stands for Move Instantaneous Reward transactions. Essentially, Alexander claims that this allowed funds to be moved from reserves and then used for treasury and staking rewards purposes. These claims quickly drew the attention of the Cardano community, with Hoskinson himself responding under the post to denounce the rumors. He initially explained that the ADA vouchers of the users whose ADA were allegedly moved had become unspendable after the hard fork. Thus, they had been moved into a “custodial account controlled by the TGE that then continued redemption for 3 more years to distribute the genesis funds to the original buyers.” Furthermore, Hoskinson threatened legal action if Alexander did not stop making these claims. Cardano Founder Addresses Rumors Again After the initial interaction, Cardano founder Charles Hoskinson has once again come out to address the rumors of the missing $619 million. He first addressed the fact that people were quick to condemn him after the rumors surfaced without giving him the benefit of the doubt. This extended to friends who he says did not show up for him during this time. Related Reading: Pundit Says XRP Price Will Stabilize At $1,000 And Become ‘Very Expensive’ As for the rumors themselves, the founder explained that there will be a full audit and a report which will be published for the public to see. He further went on to reveal that the events of the past few weeks will change how he engages with the community from now. While Hoskinson does plan to continue to attend events and take pictures with people, he plans to hand over his X account to a media company. Additionally, he plans to change the format of how he holds his X Spaces and Ask Me Anything (AMAs). “Infinite accessibility just enables it to happen again and again,” the founder explained. Featured image from Dall.E, chart from TradingView.com

Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760 zone. ADA price started a decent increase above $0.7250 and $0.7320. The price is trading above $0.740 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.7580 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.760 resistance zone. Cardano Price Eyes Upside Break In the past few days, Cardano saw a fresh increase from the $0.710 level, but it underperformed Bitcoin and Ethereum. ADA was able to clear the $0.7250 and $0.7320 resistance levels. The price cleared the 50% Fib retracement level of the recent decline from the $0.7762 swing high to the $0.7110 low. However, the price is now approaching a couple of key hurdles on the upside, starting with $0.7580. There is also a key bearish trend line forming with resistance at $0.7580 on the hourly chart of the ADA/USD pair. Cardano price is now trading above $0.740 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7580 zone and the trend line. The first resistance is near $0.760 or the 76.4% Fib retracement level of the recent decline from the $0.7762 swing high to the $0.7110 low. The next key resistance might be $0.7720. If there is a close above the $0.7720 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.80 region. Any more gains might call for a move toward $0.8250 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.760 resistance level, it could start another decline. Immediate support on the downside is near the $0.7420 level. The next major support is near the $0.7260 level. A downside break below the $0.7260 level could open the doors for a test of $0.710. The next major support is near the $0.680 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.7420 and $0.7260. Major Resistance Levels – $0.7600 and $0.8000.

Crypto veteran Raoul Pal has shared his thoughts on the XRP price, predicting it still has more room to rally to the upside. The altcoin is expected to hit a new all-time high (ATH) as it rallies higher.  XRP Price Primed For Another Leg Higher In a YouTube video, Pal remarked that XRP’s chart is one to behold and that its price will likely get another leg higher at some point. His accompanying chart showed a bull flag that had formed for the altcoin since last year, after its parabolic rally to the $2 range. Its price is currently in the consolidation phase, with a breakout usually occurring after this phase.  Related Reading: XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing Based on the chart, the price could rally to as high as $5, which would mark a new all-time high (ATH) for the altcoin. Interestingly, before its surge late last year, the crypto veteran had advised investors to sell their dino coins like XRP and ADA. However, following the pump, he admitted he was wrong and became bullish on the altcoin.   This prediction comes amid the launch of the CME XRP and Micro XRP futures, which are bullish for its price. These products will provide institutional investors with exposure to the altcoin and are also integral to the approval of a Spot XRP ETF. An XRP ETF is one of the factors that crypto analyst BarriC believes could quickly drive prices to $10.   In the short term, crypto analyst Ali Martinez has suggested that the XRP price could retrace before it rallies higher. In an X post, he stated that the asset could return to $2 if it loses the critical $2.30 support. Crypto analyst CasiTrades had also warned that the altcoin could witness a correction following its failure to hold above $2.6 successfully.  The Altcoin Could Hit ATH After This Correction Crypto analyst Dark Defender has suggested that the XRP price could hit its ATH after this market correction, stating that the rally to ATH is closer than anyone else can think of. This came as he revealed that the token has completed the A Wave and is now on the B Wave of Wave 2, meaning that this corrective wave is in its midway.  Related Reading: $40 Billion Worth Of XRP On The Move – Where Are They Headed? The crypto analyst predicts that the XRP price could reach $3.333 after the B and C Waves in this Wave 2 corrective move. Meanwhile, the support levels to watch out for are $2.3502 and $2.2222, while the resistance levels to keep an eye for are $2.58 and $3.3333.  At the time of writing, the XRP price is trading at around $2.38, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Cardano (ADA) is entering a decisive moment as bulls fight to hold the $0.74 support zone and build momentum for a move toward the $0.90 level. After gaining over 68% since its April lows, ADA is showing strong signs of recovery, but it must defend current levels to confirm continuation. This phase is critical, as price action tests a key demand zone that previously triggered significant upside. Related Reading: Bitcoin Consolidates Below ATH – Buying Pressure Weakens As Equities Outperform Adding to the bullish sentiment, on-chain data from Santiment reveals that whales have accumulated over 80 million ADA in the past 48 hours. This surge in large-scale buying activity points to growing confidence among big players, potentially setting the stage for a breakout. Whales often lead major market moves, and their renewed interest in Cardano may be signaling a sustained rally ahead. However, the $0.90 level now acts as a near-term resistance, and reclaiming it will be essential to unlock higher targets. The coming days are likely to be pivotal for ADA’s price structure. If bulls manage to flip this level, the next leg up could bring Cardano back into the spotlight—possibly reigniting broader altcoin enthusiasm in the process. Whale Accumulation Signals Strength: Buyers Push For A Breakout Despite this impressive rebound, ADA remains 43% below its December 2024 highs around $1.32. This gap highlights the cautious optimism that dominates the altcoin landscape. While bulls are gradually regaining control, overall market fear and macroeconomic uncertainty continue to pressure altcoins, many of which are still struggling to push through key resistance levels. ADA is currently consolidating just above the $0.74 level, forming a base that could precede a breakout. Market structure is tightening, and the next move—upward or downward- will likely be sharp. A decisive push above $0.90 would confirm a breakout and likely trigger renewed interest from retail and institutional investors. Fueling this narrative is fresh data from top analyst Ali Martinez, who reported that whales have purchased over 80 million ADA in the last 48 hours. This large-scale accumulation points to increasing confidence among big players and could act as a catalyst for further upside. Whale activity often precedes strong price action, and this development supports the idea that ADA may be on the verge of a significant move. As ADA consolidates near critical support and whale interest grows, market watchers are closely monitoring for signs of continuation. If bulls maintain momentum and break past resistance, Cardano could quickly shift from a consolidation phase to a full-scale rally, potentially reigniting momentum across the altcoin sector. Related Reading: Ethereum Faces Resistance Against Bitcoin – ETH/BTC Bullish Structure In Question Cardano Holds Crucial Support As Bulls Aim For Recovery Cardano is currently trading around $0.74, testing a key support zone after failing to hold above the $0.80 mark. The chart shows a strong surge earlier in May that brought ADA to local highs near $0.90, but since then, the price has retraced and is now consolidating just above its 200-day EMA (around $0.71). This level is acting as dynamic support and could be critical for the next move.   The price structure suggests ADA is in a decisive phase. A breakdown below the EMA and the horizontal support around $0.72 could expose the token to a deeper retracement toward previous consolidation zones. On the other hand, reclaiming $0.80 would invalidate the bearish scenario and signal a potential push toward $0.90 and eventually $1.00—an area that marks strong historical resistance. Volume has declined slightly during the recent pullback, suggesting the retracement may be driven more by profit-taking than panic selling. The 200 SMA above at $0.80 remains a key target to watch for bullish continuation. Related Reading: Dogecoin Whales Accumulate 1 Billion DOGE In A Month: Fueling Price Surge Speculation If bulls can defend current levels and generate renewed buying momentum, ADA could resume its upward trend and break the current range, setting the stage for a retest of major resistance levels in the weeks ahead. Featured image from Dall-E, chart from TradingView

Cardano (ADA) is flashing mixed signals as its market structure hints at an imminent short-term price crash. While bearish indicators suggest a possible decline, a crypto analyst reveals that the broader trend remains intact, with technical patterns supporting the potential for a rally toward the $0.9 mark. Cardano Price Crash Incoming TradingView Crypto analyst SiDec has released a bearish price forecast for Cardano, anticipating a significant correction toward the $0.75 area in the coming days. This cautious outlook is based on detailed analysis using Elliott Wave Theory, Fibonacci tools, and critical price action zones.  Related Reading: Crypto Analyst Releases Next Potential Targets For Cardano, Is $1 ADA Still Possible? SiDec has stated that ADA’s price continues to consolidate after completing a 5-wave impulse move, signaling the end of its upward momentum. Following this strong impulse rally, the cryptocurrency is now exhibiting a classic Elliott Wave behavior, transitioning into a textbook ABC corrective pattern.  The cryptocurrency first experienced a pull-back, labeled as Wave A on the price chart, followed by a temporary recovery in Wave B. According to SiDec, Wave C is expected to complete the retracement pattern, with ADA’s final downward move nearing its end.  Currently, technical indicators and price action point to the $0.705 region as a high-probability long entry zone. The TradingView analyst also clarifies where ADA might find solid support during this corrective phase using Fibonacci Retracement zones. The 50% retracement level of the entire bullish 5-wave impulse is positioned approximately at $0.7534 — a critical price point that coincides closely with ADA’s previous price swing at $0.746. This former resistance level has yet to be revisited, making it a natural support candidate.  The analysis further identifies a 1:1 ABC extension for the anticipated correction in ADA, placing Wave C’s potential crash target around $0.7492. This also creates a tight cluster of technical indicators in the range of roughly $0.75, indicating a strong support zone.  Further supporting this level, the daily 21 Exponential Moving Average (EMA) stands at $0.7455, while the daily 21 Simple Moving Average (SMA) is slightly lower at $0.7347. SiDec has also identified the Point of Control (POC), which marks the price with the highest volume, near $0.7318.  The analyst further highlights that Cardano’s anchored Volume Weighted Average Price (VWAP) resides within the $0.75 support zone. At the same time, the Pitchfork tool’s golden pocket aligns dynamically as support around the same area.  ADA Price Path To $0.92 Holds Firm While SiDec eyes a potential crash to new lows for ADA in the near term, the analyst’s chart also shows a green zone, with a projected bullish bounce drawn. Following its Wave C crash, Cardano is expected to rebound and approach the $0.92 level.  Related Reading: Cardano Price Set For 300% Explosion With Major Bullish Impulse The TradingView analyst has advised caution around this area, as $0.92 acts as a significant resistance zone and coincides with a prior liquidity zone that could trigger rejection or profit-taking.  SiDec has emphasized that the risk-to-reward ratio around this area will only become favorable once there is clear confirmation, such as an SFP, a bearish engulfing candle, or visible divergence. Overall, if the $0.75 support zone holds, Cardano, which is currently trading at $0.78, could be positioned for a strong recovery toward $0.92 and beyond. Featured image from Unsplash, chart from Tradingview.com

Hoskinson said being rich lets him ignore VCs and “do [stuff] on principle” like giving away Midnight tokens in a massive multi-chain airdrop to retail users only.

Cardano's integration with Brave browser exposes it to 86 million potential new users amid institutional accumulation.

Cardano price started a fresh increase above the $0.750 zone. ADA is now correcting gains from $0.8650 and testing the $0.7750 support. ADA price started a decent increase above $0.750 and $0.7750. The price is trading below $0.80 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.820 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.80 resistance zone. Cardano Price Dips To Support In the past few days, Cardano saw a fresh increase above the $0.750 level, like Bitcoin and Ethereum. ADA was able to clear the $0.7750 and $0.80 resistance levels. It tested the $0.8650 zone. A high was formed at $0.8634 and the price recently corrected some gains. There was a move below the $0.80 level. Besides, there was a break below a connecting bullish trend line with support at $0.820 on the hourly chart of the ADA/USD pair. The pair tested the $0.7750 zone. A low was formed at $0.7742 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $0.8634 swing high to the $0.7742 low. Cardano price is now trading below $0.80 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.80 zone. The first resistance is near $0.8180. The next key resistance might be $0.8450. If there is a close above the $0.8450 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.880 region. Any more gains might call for a move toward $0.90 in the near term. More Losses in ADA? If Cardano’s price fails to climb above the $0.80 resistance level, it could start another decline. Immediate support on the downside is near the $0.7750 level. The next major support is near the $0.740 level. A downside break below the $0.740 level could open the doors for a test of $0.7050. The next major support is near the $0.680 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.7750 and $0.7400. Major Resistance Levels – $0.8000 and $0.8180.

The improving market breadth points to growing investor confidence.

Bears are nursing their highest losses over two years as majors surged as much as 20%.

Cardano is gaining bullish traction, pushing above the $0.70 mark as it attempts to reclaim the $0.75 resistance level. With Bitcoin surging toward the $100K barrier and Ethereum breaking out above $1,900, the broader crypto market is heating up—and ADA is beginning to ride that wave of renewed optimism. The return of volatility and bullish momentum has sparked excitement across major altcoins, with Cardano standing out as one of the most promising setups. Related Reading: Bitcoin Shows Impressive 4H Strength – A Shift Toward Upside Break Top analyst Ali Martinez shared a technical analysis highlighting that Cardano looks poised for a potential breakout toward $0.80. According to Martinez, ADA is approaching the upper boundary of its current trading channel, and a decisive move above $0.75 could trigger a sharp rally. With key support holding firm and market sentiment shifting in favor of bulls, the setup suggests ADA may be preparing to enter a new phase of price discovery. As the market recovers from months of uncertainty and selling pressure, investors are closely watching whether Cardano can sustain this momentum. A confirmed breakout above $0.75 would not only validate Martinez’s outlook but also strengthen ADA’s position in the broader altcoin rally now unfolding. Cardano Faces Key Resistance Test As Momentum Builds Cardano is facing a pivotal test as it trades near the upper boundary of a key resistance zone, just as broader market momentum begins to accelerate. Since bottoming out in early April, ADA has surged more than 40%, showing one of the strongest recoveries among major altcoins. This bullish move comes as Bitcoin approaches the $100K mark and Ethereum attempts to break and hold above $2,000, bringing renewed optimism to the crypto space. Despite the strength, Cardano still trades below a critical resistance level defined by the upper boundary of a long-standing descending channel. According to Martinez, a decisive breakout above this trendline could trigger a sharp move toward $0.80. Martinez’s analysis suggests that ADA is coiling with strength and is on the verge of a breakout, but the confirmation must come with a clean close above $0.75. However, the macro backdrop remains a wildcard. Ongoing tensions between the US and China, combined with the US Federal Reserve’s tight monetary policy stance, continue to influence risk asset behavior. As a result, traders remain cautious even as bullish setups appear. For Cardano, the current structure is promising. A confirmed breakout would signal renewed buyer strength and open the path to higher price levels, while failure to clear resistance could result in renewed consolidation. In either case, ADA is approaching a decision point, and the next few trading sessions could set the tone for its short- to mid-term trend. If bulls manage to flip resistance into support, Cardano could quickly accelerate toward the $0.80 target—and potentially higher if momentum across the market continues to build. Related Reading: XRP Bulls Expect A Breakout As Price Compresses Between Key Levels – Details ADA Price Analysis – Key Levels To Reclaim Cardano (ADA) is trading at $0.7232, posting a strong +7.70% daily gain as it pushes toward key resistance levels. The daily chart shows ADA breaking above both the 200-day EMA ($0.7101) and nearing the 200-day SMA ($0.7832), signaling a resurgence in bullish momentum. This move follows a multi-week consolidation period where ADA repeatedly tested lower support around $0.65, forming a stable base. The recent breakout is notable because it comes amid increased volume and broader market strength, with Bitcoin and Ethereum also surging toward key psychological levels. ADA is now approaching the upper boundary of a descending channel that has constrained price action for several months. A decisive daily close above $0.75 would confirm a breakout and open the door to a potential rally toward the $0.80–$1.00 range. However, until ADA clears the $0.78–$0.80 region with conviction, traders should watch for possible rejection and another pullback toward the $0.70 support zone. Still, the structure remains bullish, and current momentum suggests buyers are preparing to retake control. Related Reading: Cardano Struggles At Resistance – Expert Sees A Retest of Lower Support Levels If macro conditions remain stable and altcoin sentiment continues to improve, Cardano may be entering a new phase of upside expansion—one that could finally break its long-term downtrend. Featured image from Dall-E, chart from TradingView

Cardano price started a recovery wave from the $0.6420 zone. ADA is now facing resistance near $0.6850 and might decline again. ADA price started a recovery wave from the $0.6420 zone. The price is trading below $0.680 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.650 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.6850 resistance zone. Cardano Price Faces Resistance In the past few days, Cardano saw a fresh decline from the $0.730 level, like Bitcoin and Ethereum. ADA declined below the $0.70 and $0.680 support levels. A low was formed at $0.6426 and the price is again moving higher. There was a move above the $0.6550 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $0.7298 swing high to the $0.6426 low. Besides, there was a break above a connecting bearish trend line with resistance at $0.650 on the hourly chart of the ADA/USD pair. However, the bears are active near the $0.6850 resistance and the 50% Fib retracement level of the recent decline from the $0.7298 swing high to the $0.6426 low. Cardano price is now trading below $0.680 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.680 zone. The first resistance is near $0.6850. The next key resistance might be $0.7090. If there is a close above the $0.7090 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.730 region. Any more gains might call for a move toward $0.750 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.6850 resistance level, it could start another decline. Immediate support on the downside is near the $0.6630 level. The next major support is near the $0.6500 level. A downside break below the $0.650 level could open the doors for a test of $0.6320. The next major support is near the $0.6175 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.6630 and $0.6500. Major Resistance Levels – $0.6850 and $0.7090.

Cardano (ADA) is trading at a critical juncture after several days of sideways consolidation around the $0.70 level. While bulls have attempted to defend this zone, upward momentum has faded, and selling pressure is beginning to mount. The market appears hesitant, with traders uncertain about the next directional move amid growing volatility across the crypto space. Related Reading: Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift? Crypto analyst Ali Martinez recently shared a technical analysis indicating that Cardano has been rejected at the top of its descending channel. This key resistance trendline has capped multiple rally attempts in recent months. This rejection suggests that ADA may be poised for another leg down, especially if broader market sentiment continues to weaken. If the current pressure persists and bulls fail to reclaim higher levels, Cardano could be on track to retest lower support zones. With momentum fading and technical rejection in play, the coming days could determine whether Cardano stabilizes or faces deeper downside in the short term. Traders and investors are advised to watch closely as ADA teeters on the edge of a potential breakdown. Cardano Faces Pullback After Rallying 40% From April Lows Cardano is trading at its lowest level in two weeks, following a failed attempt to reclaim higher supply zones near the top of its descending channel. After gaining over 40% from its early April lows, ADA showed strong signs of a potential trend reversal. However, recent price action has stalled, and the altcoin now finds itself under renewed selling pressure as broader market uncertainty weighs on momentum. Martinez highlighted that Cardano was recently rejected at the upper boundary of its descending channel—a technical level that has acted as resistance for months. This rejection has opened the door to a possible move lower, with downside targets at $0.63 and $0.54 if bearish pressure continues to mount. These levels coincide with previous demand zones and could serve as critical support for a potential rebound. Despite the short-term weakness, Cardano’s longer-term setup still holds promise. The sharp recovery in April demonstrated strong interest from buyers, and if ADA can reclaim resistance near $0.75–$0.80, the rally could quickly regain traction. Until then, the market remains in a wait-and-see mode. Meanwhile, macroeconomic tensions—from global trade disputes to uncertainty over US monetary policy—continue to drive volatility across financial markets. The entire crypto sector is currently ranging below key resistance levels, and Cardano is no exception. For now, ADA traders are watching closely to see whether the current pullback leads to deeper losses or offers a new entry point ahead of the next leg up. The next few days will be pivotal in defining the direction of Cardano’s price action. Related Reading: Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal ADA Price Analysis: Testing Crucial Demand Cardano is currently trading at $0.6563, marking its lowest level in two weeks and signaling growing bearish momentum. After consolidating near $0.70, the price failed to reclaim the 200-day EMA at $0.7101 and remains well below the 200-day SMA at $0.7797. This rejection from both long-term moving averages reflects weak bullish conviction and confirms that ADA is still trading within a broader downtrend. Volume has remained relatively flat during the recent dip, suggesting a lack of strong buyer support at current levels. The price structure also shows ADA struggling to establish higher lows, which raises the risk of a deeper retracement. If selling pressure continues, ADA could move toward the next key support around $0.63. A breakdown below that level could expose the market to further downside toward $0.54, aligning with the lower boundary of the descending channel identified by analysts like Ali Martinez. Related Reading: Ethereum Tests Critical Range: Breakout Or Breakdown? To regain bullish momentum, Cardano must break back above $0.70 and hold it as support. Until that happens, the bias remains to the downside. For now, traders should closely monitor volume shifts and broader market sentiment, as ADA teeters on the edge of a potential breakdown within its long-term bearish structure. Featured image from Dall-E, chart from TradingView

Cardano has surged more than 40% from its early April lows, signaling renewed bullish interest across the altcoin space. As the broader crypto market faces macroeconomic uncertainty and consolidates just below major resistance levels, ADA is now entering a critical phase. Price action remains range-bound, but sentiment is shifting as investors eye key technical patterns that could define the next move. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates Top analyst Carl Runefelt recently highlighted that Cardano is consolidating within a symmetrical triangle on the 4-hour chart—a pattern often preceding sharp breakouts. This technical formation suggests that ADA is coiling for a decisive move, with bulls and bears battling for short-term control. The current range continues to tighten over the weekend, with volatility expected to return once a breakout direction is confirmed. A move above $0.7730 would indicate bullish continuation and potentially trigger another leg up toward the $0.85–$0.90 zone. On the flip side, losing support near $0.6280 could spark a broader correction. As long as ADA holds its structure and stays above key moving averages, the bullish trend remains intact. Cardano Set For Breakout As Buyers Regain Short-Term Control Cardano is showing signs of strength despite trading in a tight consolidation range just below the $0.75 mark. After gaining over 40% from its early April lows, ADA has entered a crucial phase, with bulls gradually regaining control. The recent price action suggests that a breakout could be on the horizon, especially if ADA maintains its current support levels and builds further momentum. For the past few days, Cardano has traded sideways, struggling to break above the $0.75 resistance level. While this range-bound movement has frustrated some traders, it also reflects market stability, a common precursor to large directional moves. If bulls manage to push ADA above the $0.7730 resistance, a sustained rally could follow, potentially targeting the $0.85 and even $0.90 zones. Runefelt shared technical insights showing that Cardano is forming a 4-hour symmetrical triangle, a structure that often precedes sharp breakouts. The apex of the triangle is nearing, meaning a decisive move is likely within the next few sessions. The key bullish breakout level remains at $0.7730. On the flip side, a breakdown below the $0.6280 support would invalidate the bullish structure and could trigger a broader retracement. Overall, Cardano remains well-positioned for upside if it can reclaim resistance and confirm a breakout. Bulls will need to step in decisively to avoid a fakeout or extended consolidation. As the broader crypto market consolidates near highs, ADA’s setup is one of the more promising among large-cap altcoins. The next move could set the tone for Cardano’s trend in the weeks ahead. Related Reading: Cardano Whales Accumulated 410 Million ADA In April – Breakout Coming? ADA Price Analysis: Consolidation Continues Cardano (ADA) is currently trading at $0.6963, consolidating just below the 200-day moving average (SMA) at $0.7766 and slightly under the 200-day exponential moving average (EMA) at $0.7113. This tight compression suggests a pivotal moment is near, especially as ADA attempts to hold its ground above the $0.67 short-term support. Price action on the daily chart shows that ADA has been coiling in a narrow range following its 40% rebound from April lows. Despite the broader market showing strength, ADA hasn’t yet managed to break above the confluence of moving averages overhead—a necessary step to flip the market structure decisively bullish. The $0.77-$0.78 level remains the critical resistance to reclaim. A daily close above this zone could validate a breakout and push ADA toward the psychological $1.00 mark, last tested in early January. Related Reading: SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus Volume has been relatively muted during this consolidation, which typically precedes a major move. On the downside, losing the $0.67 level would be a bearish signal and could open the door to a retest of $0.62 or even $0.58. Featured image from Dall-E, chart from TradingView

Cardano is currently trading just below the $0.75 mark, where it has spent several days consolidating after its recent upward move. Despite facing resistance at this level, market sentiment appears to be shifting. Bulls are slowly regaining control, and many analysts believe that a breakout could be imminent if the price pushes above the current range. Price action is showing signs of strength, supported by a gradual increase in volume and reduced selling pressure from short-term holders. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause? One of the most compelling signals of a potential rally comes from on-chain activity. According to top crypto analyst Ali Martinez, whales accumulated over 410 million ADA throughout April—a decisive vote of confidence from large holders. Historically, such aggressive whale accumulation has often preceded major price moves in Cardano. This growing interest among institutional and high-net-worth investors could help fuel the next leg up for ADA, especially if broader market conditions remain favorable. With the crypto market heating up again and Bitcoin pushing toward new highs, altcoins like Cardano may soon follow. All eyes are now on whether ADA can reclaim $0.75 and build momentum for a sustained rally. Cardano Gathers Strength As Whales Drive Accumulation Cardano has quietly gained over 40% in value since its early April lows, reclaiming a key place in the spotlight as bullish momentum builds. Currently consolidating below the $0.75 resistance, ADA has shown resilience amid broader market uncertainty and macroeconomic headwinds. While financial markets remain on edge due to trade tensions and recession fears, the crypto space has found renewed energy, and Cardano appears to be one of the beneficiaries. For ADA, the key lies in holding current support levels and making a clean push above resistance. A breakout above the $0.75–$0.80 range could open the door to a strong rally, potentially targeting psychological levels like $1.00 if the broader market cooperates. This bullish outlook is reinforced by compelling on-chain data. Martinez shared data revealing that whales accumulated over 410 million ADA in April alone, a clear sign of growing confidence among large holders. Historically, such accumulation patterns have preceded strong upward movements for Cardano. The scale of buying in recent weeks signals that influential players are positioning for a continuation of the rally. As Bitcoin and Ethereum push into higher levels, altcoins like ADA are poised to follow. If Cardano can reclaim higher ground and sustain momentum, it could soon emerge as a leader in the next phase of the market cycle. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause? ADA Price Holds Steady As Bulls Eye Key Resistance Cardano is currently trading at $0.69 after several days of tight consolidation between the $0.67 support and the $0.75 resistance zone. Despite market-wide volatility, ADA has managed to maintain its footing above the key $0.66 level — a support that continues to preserve the bullish structure in the short term. To confirm a full-fledged rally, bulls must reclaim the 200-day moving average (MA) around $0.77. This technical level has acted as a ceiling since the last major pullback and now serves as the primary upside hurdle. A successful break above it could ignite fresh buying momentum and open the path toward the $0.85–$0.90 range. Until then, ADA remains in a neutral-to-bullish zone. The $0.66 support is critical — a breakdown below it could flip short-term sentiment and invite deeper corrections toward the $0.60 region. However, holding this level would maintain a higher-low structure and signal underlying strength. Related Reading: HYPE Confirms Strength With Solid Throwback Response – Bullish Reversal? With the broader crypto market showing signs of recovery, Cardano’s ability to hold support while gradually pressing against resistance could set the stage for a breakout. Traders are closely watching volume and price reaction near the $0.75–$0.77 zone to confirm the next major move. Featured image from Dall-E, chart from TradingView

According to Gowanus Monster in a recent post on X, Cardano (ADA) appears to be carving out an inverse Head and Shoulders (H&S) bottom formation on the daily chart—an increasingly credible signal that could mark a major shift in its price trend. This bullish reversal structure, which features a lower low (head) flanked by two higher lows (shoulders), is typically seen near the end of a downtrend and often precedes a sustained upside move. If the price continues to respect the formation and approaches the neckline with increasing volume, it could set the stage for a breakout. Such a move would serve as a strong bullish confirmation and may kick off a meaningful upward trend. Neckline Break Confirmation: The Key To Validating The Bullish Reversal One of the most crucial elements underscored in the Gowanus Monster detailed analysis is the well-established downtrend that precedes the formation, an essential criterion for a valid bullish reversal.  Related Reading: Cardano (ADA) Bulls Push for Breakout — Is a Sharp Rally Next? Adding further credibility to the setup, Gowanus Monster pointed out the notable symmetry of the pattern. The left and right shoulders are well balanced in height and duration, a classic trait of a bottom. This kind of proportionality enhances visual clarity and increases the likelihood that the pattern will resolve to the upside. Historical data shows that symmetrical structures often have higher breakout success rates, which strengthens confidence in this particular scenario for Cardano. He also emphasized the importance of the outer neckline, currently positioned near the $0.774 level. This key resistance zone is even more significant because it aligns with the 200-day moving average. The convergence of the neckline and the 200MA creates a technical inflection point that could determine the next phase of ADA’s price action. According to Gowanus Monster, a daily close above the neckline and the 200-day MA would confirm the inverse Head and Shoulders pattern and serve as a strong breakout signal from bearish to bullish. Until that confirmation occurs, traders are advised to stay alert and watch how ADA behaves around this pivotal level, as failure to break through could delay or invalidate the bullish scenario. Inverse Head And Shoulders Price Target For Cardano Conclusively, Gowanus stated that once this breakout is confirmed, it could result in a potential upside target near the $0.98 mark. This level isn’t arbitrary; it reflects the approximate height of the pattern added to the breakout point, offering a realistic price objective based on historical chart behavior. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Reaching $0.98 would mark a significant recovery from Cardano’s recent lows and attract renewed investor interest. Such a move may re-establish bullish sentiment in the Cardano dynamics, particularly if it coincides with rising volume and improving market conditions. Featured image from Adobe Stock, chart from Tradingview.com

Cardano has surpassed Ethereum in central developer activity, a dramatic turn that disputes its long-held status as a “ghost chain.” The development has kindled fresh optimism among investors that Cardano’s price may soon experience significant increases. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed Developer Numbers Reflect Shocking Flip According to data platform Cryptometheus, Cardano now ranks first in blockchain development with 21,439 GitHub commits over the past 12 months. These commits span 550 core repositories, putting Cardano ahead of Ethereum’s 20,962 commits during the same period. The data indicates activity in 12 fundamental Cardano projects, with the wider ecosystem demonstrating activity in 36 projects. This wave of developments has driven activity in 4,276 GitHub repositories, offering tangible proof to counter accusations that Cardano is not being utilized in the real world. Ethereum Faces Increased Competition Ethereum’s ranking in second place is what some refer to as an “underwhelming year” for the network. The network lagging behind in terms of developer numbers comes as Cardano founder Charles Hoskinson speculates that Ethereum will collapse by 2040. Hoskinson cites several reasons for his prediction: old tech, layer 2 solution fragmentation, and declining developer participation. This criticism comes at a sensitive moment since Ethereum is also struggling with Internet Computer, which is currently ranking third in developer activity. The Ethereum Foundation has set out a new vision for scaling its layer 1 capabilities, which could reverse the trend of developer disengagement. Price Predictions Follow Development Success Cardano’s cryptocurrency, ADA, is currently trading at $0.69 and seems to be maintaining crucial support levels. This steadiness, coupled with the uptick in developer activity, has prompted analysts to forecast substantial price increases. Crypto analyst “Token Talk” proposes ADA might observe a 100% jump to $1.20-$1.30 within the existing market cycle. Looking further down the line, the analyst estimates a possible value of $10 by 2029. $ADA sideways around $0.70, but holding key support! ???? Analysts eye potential 100% recovery to $1.20-$1.30. Long-term bullish case for $10 by 2029! #Cardano #ADA #Crypto #Bullish pic.twitter.com/tUeVXJaRlM — Token Talk (@TokenTalk3x) April 29, 2025   Technical indicators are also supportive of shorter-term optimism. The golden cross pattern has traders looking for the $1 level, with around $20 million of ADA having just transferred off exchanges recently – widely regarded as a bullish sign. Related Reading: Bold Call: Bitcoin Could Soar To $210K This Year, Says Research Chief Strategic Partnerships Fuel Ecosystem Growth Cardano is making efforts to expand its ecosystem with strategic alliances, such as an upcoming integration with XRP for its Lace Wallet. As reported, the alliance is intended to establish mutual gains for both blockchain networks. The alliance will look to improve price performance for both tokens as well as increase the real-world uses of their respective ecosystems. The move is consistent with Cardano’s overall effort to drive up adoption and use on its platform. For Cardano enthusiasts, the convergence of top developer metrics, strategic collaborations, and upward price indicators portends that the project might be finally shaking off its “ghost chain” stigma. Featured image from Techbuild Africa, chart from TradingView

Cardano (ADA) is hovering at $0.71, but the weekly structure that veteran chartist Maelius (@MaeliusCrypto) published on X suggests that the lull may be only a pause before the next leg higher. The analyst’s chart compresses seven years of ADA/USD history into one pane and shows that – despite a 45 % retracement from the late-2024 peak – the coin has not violated the rising dashed trend-line that has connected every cycle low since the 2020 Covid panic. Cardano Price Ready For Liftoff? In fact, the most recent dip stopped inside a long-standing demand band that now stretches from roughly $0.57 to $0.78 and immediately printed a textbook higher low (HL) while never closing a week beneath that dynamic support. Price action is again trading above the 50-week exponential moving average, currently near $0.66, after reclaiming it with two decisive green candles. Back in March 2024 the same moving average acted as a springboard for a vertical breakout that carried ADA to a higher high (HH) just shy of $1.31 – the top of the dotted, upward-sloping channel that has contained every impulsive rally since 2020. Because the upper channel boundary now lies close to $1.50, Maelius argues that a clean break of the demand zone could unleash enough momentum to retest that ceiling. Related Reading: Cardano Price Set For 300% Explosion With Major Bullish Impulse Momentum gauges back the thesis but have not yet flashed full confirmation. The weekly relative-strength index sits at 49 and has been squeezing into a falling wedge since the March high; it is carving a sequence of higher lows that mirrors price, yet the down-sloping resistance line – drawn from the HH reading near 82 – still caps any advance. The Wave-Trend Oscillator tells a similar story: it produced a glaring bearish divergence at the 2024 top, bled into oversold territory around −50, and is only now curling upward, with the fast and slow curves on the verge of a bullish cross. “ADA looks dope, or is just me?! Would like to see RSI breakout w/ decisive move on WTO to get super-confident, but price will be higher when (and if) we get it,” Maelius wrote when he released the chart. In other words, momentum confirmation may lag behind price, as it did in previous cycle accelerations during 2020 and 2023. Related Reading: Cardano Sets Voting Record: Nearly 100% Of 4.6 Billion ADA Cast Via Delegates From a pure market-structure perspective, ADA remains in an unbroken sequence of higher highs and higher lows on the weekly chart, the prevailing down-trend line from the 2021 record high was breached more than a year ago, and the recent correction resembles nothing more sinister than a throw-back to new support. As long as weekly candles respect the lower edge of the grey demand block (~$0.57) and the multi-year rising trend-line, the path of least resistance points north – with the next confluence of resistance stacked near $0.81 (the March-2024 swing high) as well as the December 2024 high at $1.31 and the upper channel wall around $1.50. Should the RSI pierce the 60 level and the Wave-Trend Oscillator confirm with a bullish cross, Maelius contends that the market will already be trading at materially higher prices, validating his conviction that a fresh surge is only a matter of time. At press time, ADA traded at $0.709. Featured image created with DALL.E, chart from TradingView.com

Cardano price started a fresh increase from the $0.620 zone. ADA is consolidating near $0.70 and eyes more gains above the $0.720 zone. ADA price started a recovery wave from the $0.650 zone. The price is trading above $0.680 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7180 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.720 resistance zone. Cardano Price Faces Resistance In the past few sessions, Cardano saw a fresh decline from the $0.7350 level, like Bitcoin and Ethereum. ADA declined below the $0.720 and $0.70 support levels. A low was formed at $0.6826 and the price is again moving higher. There was a move above the $0.70 level. The price cleared the 50% Fib retracement level of the recent decline from the $0.7338 swing high to the $0.6826 low. Cardano price is now trading above $0.680 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7150 zone and the 61.8% Fib retracement level of the recent decline from the $0.7338 swing high to the $0.6826 low. There is also a connecting bearish trend line forming with resistance at $0.7180 on the hourly chart of the ADA/USD pair. The first resistance is near $0.7250. The next key resistance might be $0.750. If there is a close above the $0.750 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.780 region. Any more gains might call for a move toward $0.80 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.7150 resistance level, it could start another decline. Immediate support on the downside is near the $0.70 level. The next major support is near the $0.680 level. A downside break below the $0.680 level could open the doors for a test of $0.630. The next major support is near the $0.6175 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.7000 and $0.680. Major Resistance Levels – $0.7150 and $0.7340.

Record-breaking turnout characterised Cardano’s latest governance vote, with almost all tokens on the network contributing to the decision-making process. Per numbers, Input Output Global (IOG) CTO Romain Pellerin presented, 99.5% of the 4.657 billion ADA in delegated stake was employed in casting votes through the Delegated Representatives system on the network. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says Vote Results Indicate High Support For Proposal The breakdown of voting showed decisive community sentiments. Among all votes cast, 76% or 3.57 billion ADA were for the suggested measure. Opposing it were 918 million votes, while 169 million were no-confidence votes. A minuscule percentage—only 0.5% of the stake delegated—chose not to cast their vote. This voting session is a milestone in what Cardano refers to as its “Voltaire governance era,” named after the French Enlightenment author and philosopher. #Cardano decentralized governance in action: 99.5% participation of ADA 4.657B delegated stake???? https://t.co/yCpHQ7zCKe — Romain Pellerin (@rom1_pellerin) April 25, 2025 How Cardano’s Liquid Democracy Model Works According to reports from network developers, Cardano has adopted a “liquid democracy” governance model that provides ADA holders with flexibility in their engagement. In this model, token holders can delegate their governance authority to Delegated Representatives (DReps) while retaining full control of their funds. The voting power of such representatives is proportionate to the amount of ADA they are assigned. ADA holders are not tied down to their decisions either—they can sell voting rights whenever they want, thus maintaining continuous control over who acts on their behalf. DReps vote on all kinds of network-wide proposals, ranging from technical hard forks to treasury fund allocation decisions. Recent Hard Fork Enabled Full Governance Features The governance functionality exhibited in this ballot came into full effect after the Plomin hard fork finished in January 2025. This network update enabled core functionality of Cardano’s governance system, such as treasury withdrawals, and made DReps’ role official in the ecosystem. BREAKING: Cardano has recorded a staggering 99.5% voter turnout in its latest governance vote. Making Cardano one of the most decentralized and actively engaged ecosystems in the world. pic.twitter.com/M1tUP2kN1v — TapTools (@TapTools) April 25, 2025 Related Reading: Ethereum ‘Heating Up’ – Address Activity Jumps Nearly 10% In 2 Days Following this technical upgrade, ADA holders had a number of participation choices. They were able to vote directly on proposals, delegate their voting power to a DRep of their choice, abstain entirely, or cast a formal vote of no confidence. One such design consideration highlighted by developers included the aspect of preserving unchanged staking rewards for ADA holders that did not engage in governance activities. This practice reflects pre-hard fork operations, enabling smooth transition to the new governance system. The large turnout for this initial significant vote indicates that the community has accepted Cardano’s governance model, which combines representative voting with freedom of action for individual token holders. At the time of writing, ADA was trading at $0.72, up 15% in the last seven days, data from Coingecko shows. Featured image from MoneyCheck, chart from TradingView

The Cardano price is showing strong signs of a breakout, with a technical analyst pointing to a massive 300% explosion on the horizon. If the current pattern holds, ADA could be gearing up for a major bullish impulse that could push prices as high as $2.65 within the next few months.  Master Ananda, a crypto analyst on TradingView has released a new chart report predicting that Cardano will experience a staggering 300% price surge in the next three months. The analyst’s firm bullish outlook for ADA stems from the formation of a Falling Wedge pattern on the cryptocurrency’s monthly chart.  Cardano Price Aims For 300% Rally A Falling Wedge is a distinctive reversal chart pattern that suggests a potential bullish reversal after a period of decline. This pattern had been forming on the Cardano price chart since January 2025, characterized by a series of lower highs and lower lows, gradually tightening within the structure. Currently, the Cardano price has broken to the upside of the Falling Wedge, signaling a potential end to the cryptocurrency’s prolonged correction phase and the beginning of a new bullish phase. Related Reading: Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery Adding fuel to this optimistic outlook, Master Ananda revealed that ADA had formed a higher low on April 7, 2025, which aligns with the critical support zone near the $0.57-$0.60 range. The analyst views this move as a confirmation that Cardano may have reached a bottom, supported by a prior long lower wick in early February that highlighted significant buying pressure.  Based on Cardano’s current technical setup, Master Ananda forecasts that the cryptocurrency will see a 300%+ increase to $2.65. This bullish target aligns with the 2.618 Fibonacci Extension level on the price chart.  With Cardano currently trading at $0.7, the analyst anticipates a breakout through multiple key Fibonacci Extension levels, each serving as a future price target. The first major target lies at the 0.382 Fib, which aligns with the $0.81 level. From there, the Cardano price is expected to climb past the 0.5 Fib at $0.91, the 0.618 Fib at $1.01, and the 0.786 Fib at $1.14.  If momentum persists, ADA could then rally toward a high target of $1.3 before skyrocketing to the 1.618 Fib at $1.83. Once it successfully crosses this level, the cryptocurrency is expected to reach its final projected target of $2.65 in this analysis.  ADA Set For Long-Term Bullish Growth According to Master Ananda’s analysis, ADA’s current price action is just the beginning of a mid-term bullish impulse that could extend well into Q3 2025. While short-term price swings are expected, the underlying structure of the Falling Wedge pattern suggests Cardano is entering a sustained growth phase.  Related Reading: Cardano Price Breaks Out Of Prolonged Bearish Trend Toward $0.7, Here’s The Next Target Furthermore, the TradingView analyst has revealed that the projected move to $2.65 is not the top of the cycle but part of a much larger trend. He stresses that this long-term bullish growth will not happen overnight. However, as long as prices hold above the 0.236 Fibonacci support at $0.69, long positions are expected to remain secure. Featured image from Adobe Stock, chart from Tradingview.com

Major altcoins have yet to achieve similar breakouts.

Cardano (ADA) may experience explosive price appreciation in the near future, with some experts projecting more than 1,000% gains, based on recent market movements. The cryptocurrency, which is currently valued at $0.64, may be on the verge of a major breakthrough if current trends continue. Related Reading: XRP Price Prognosis: Analyst Sees $14 In Spite Of Current Troubles Technical Trends Indicate Hope For ADA After not following through above a symmetrical triangle on Monday, Cardano has now broken above this significant pattern. Initial reports predicted this breakout would trigger a 25% rise to $0.80 in the short term. The token has lagged behind lately, 50% off its 2023 high of $1.327 and 80% below its all-time high of $3.16. Crypto analyst Deezy on X called on ADA investors to stay calm in times of present price volatility. His projection is based on a possible 1,000% spike that would bring the price to a record $7.09. Cardano is on pace for 1000% gains Just be patient and HODL pic.twitter.com/aKp0L7fmNT — Deezy (@deezy_BTC) April 21, 2025 Historical Cycles Back Bullish Prediction Deezy’s forecast is based on Cardano’s past market cycles. From his analysis, ADA has previously reached its high on an uptrend line that has continued since its market introduction. This pattern was replicated in January 2018, when the token reached $1.31 again in August 2021 when it attained a record-breaking high of $3.1. If history were to repeat, one can see trendline resistance sitting at about $7.09, granting a 10-fold reward from current prices for Cardano. Multiple Analysts See Upward Path Meanwhile, market expert Crypto Patel said that Cardano is still alive and kicking and foresees a massive rally to $5. Patel says the setup for such growth is easy but warns that patience will be required. His technical insight depicts ADA trading within an ascending channel, and price action like what fueled its rally to the 2021 all-time high. Patel sets a key support at $0.45 and paints an accumulation period between $0.45 and $0.65 before potentially rallying to three targets at $2, $4, and $6. Related Reading: Pi Network Frenzy Builds: $5 Prediction As Whales Take Out Millions Near-Term Forecast More Conservative Long-term prospects are very favorable, yet shorter-term expectations point to modest growth, with current technicals supporting Cardano’s rise by 18% to $0.75 by May 22, 2025. As per the current evaluation, the market sentiment on ADA is considered neutral at 54 on the Fear & Greed Index. In the last 30 days, Cardano had 15 up days (50% of the time), with price volatility remaining at 7.20%. These contrasting projections highlight that such speculation is rampant in crypto markets as analysts are reading different signals from the same price charts. While some look forward to record growth, others see it giving them tiny rewards in the near term. Featured image from Unsplash, chart from TradingView

Amid the market recovery, Cardano (ADA) has seen a 5% daily surge to retest the $0.66 level. Its recent price action has led the cryptocurrency to break out of a bullish formation, which could propel ADA to a key resistance zone. Related Reading: Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? Cardano Breakout Eyes 27% Move On Tuesday, Cardano followed Bitcoin’s price jump and climbed to the $0.66 resistance, attempting to break above the key level for the third time this month. ADA has been in a downtrend since hitting its 3-year high of $1.32 in December 2024, retracing over 50% in the past four months. In March, the cryptocurrency surged 80% toward the $1.17 mark, driven by US President Donald Trump’s initial announcement of a “Crypto Strategic Reserve” comprised of ADA, XRP, and Solana (SOL). However, after the White House’s Crypto Czar, David Sacks, explained that the listed cryptocurrencies were used as an example of leading tokens, ADA’s price retraced to the $0.70-$0.80 range. Amid the late March retraces, Cardano lost the $0.70 mark, falling to the $0.50-$0-55 zone in early April. This month, the cryptocurrency has retested the $0.66 level but has been rejected twice. Today, it attempted to break this level again but was rejected a third time. Nonetheless, analyst Ali Martinez pointed out that ADA has broken out of a symmetrical triangle pattern amid its current performance. Cardano has been consolidating within a symmetrical triangle formation throughout April, setting the stage for a 27% price move. After surging above the $0.63 mark, ADA broke out of the pattern, eyeing a surge toward the $0.77 resistance next. ADA Preparing For Key Retests Analyst Sebastian noted that the cryptocurrency “is brewing,” as it’s moving within a four-month descending channel. ADA has bounced toward the upper boundary, which has served as resistance, each time it has retested the lower trendline as support. After the recent drop to $0.50, Cardano could retest the upper boundary soon, at around the $0.80 price range. Moreover, the analyst pointed out that the token is currently breaking out of an Inverse Head & Shoulders pattern within the descending channel, which could see the cryptocurrency surge toward the key resistance level. Another market watcher suggested that the cryptocurrency could be following its 2020-2021 pattern. According to the chart, once ADA broke out of its bear market rally levels, it reached a new cycle high, followed by a retest of the bear market rally as support. Related Reading: Analyst Says “The Clock Is Ticking” For XRP — Here’s Why After breaking out of the downtrend, it rallied toward its all-time high (ATH) of $3.09 in the coming months. “If ADA broke out this week and followed the same pattern as last cycle, it would be on track to hit a new ATH in the middle of August,” the analyst asserted. Meanwhile, Dan Gambardello affirmed that Cardano’s biggest resistance is at the $3 mark, “where a lot of people have regret for not selling last cycle.” The analyst forecasted that once ADA hits ATH levels, its pump “will probably pause in that general area with a lot of volatility, and then continue to $5. It’ll be like a crypto bus stop.” Featured Image from Unsplash.com, Chart from TradingView.com

Analysts suggest bitcoin's recent price action could signal a break in the downtrend, with potential for further gains.

An analyst has pointed out how Cardano is currently breaking out of a Triangle pattern, a signal that could be bullish for ADA’s price. Cardano Has Surged Beyond Triangle Resistance Line In a new post on X, analyst Ali Martinez has talked about a technical analysis (TA) pattern forming in the hourly price of Cardano. The pattern in question is a Triangle, which forms when an asset consolidates between two converging trendlines. The upper trendline is likely to act as a source of resistance in the future, while the lower one can provide support. Just like in many other TA consolidation patterns, a break beyond either of these lines can imply a continuation of the trend in that direction. Related Reading: Bitcoin Mega Whales Keep Buying—Is Rest Of Market Finally Catching Up? The trendlines being convergent means that as the price travels inside this type of consolidation channel, its range gets progressively narrower, until it compresses down to a point. There are a few different types of Triangles in TA. The most popular variants include the Ascending, Descending, and Symmetrical Triangles. In the context of the current topic, the relevant Triangle is closest to the third of these. In this pattern, trendlines converge with each other at a roughly equal and opposite slope toward a midpoint. Below is the chart shared by the analyst that shows the Triangle that Cardano was trading inside until the past day. As is visible in the graph, Cardano had been moving inside this Triangle for almost three weeks, before a break arrived in the past day. Just prior to the break, the coin had nearly approached the apex of the triangle, meaning its consolidation had turned very tight. Generally, as an asset’s range becomes narrower, a breakout becomes more likely. Yesterday, before ADA found its break, the analyst had shared the same chart for the Triangle, noting the stage was set for a move. Martinez had noted that this move could potentially be a swing to equal to 27%, based on the height of the Triangle from the lowest price bottom. The question was which direction the breakout might occur in. In Symmetrical Triangles, a breakout is equally likely in both directions. The Triangle that Cardano had been following wasn’t a perfect Symmetrical Triangle, though, as it had a slight ascending bias to it. This means that a break toward the upside may have been more probable, although only slightly. Related Reading: This Bitcoin Bear Confirmation Is Yet To Appear, Glassnode Reveals This slight advantage in likelihood seems to have worked out for ADA this time, as its price has now witnessed a surge above the upper resistance line. It now remains to be seen whether this move would grow into a 27% one that the Triangle’s height hints at or not. ADA Price At the time of writing, Cardano is floating around $0.64, up more than 4% in the last seven days. Featured image from iStock.com, charts from TradingView.com

Cardano is now entering a critical phase after enduring weeks of massive selling pressure and heightened market uncertainty. While the broader crypto market remains fragile due to rising macroeconomic tensions and geopolitical risks, ADA has managed to bounce back, gaining 25% from its early April lows. This recovery has sparked cautious optimism among bulls who believe momentum could continue if key resistance levels are reclaimed. Related Reading: Ethereum Price Stalls In Tight Range – Big Price Move Incoming? However, the rebound hasn’t gone unnoticed by larger players. According to on-chain data from Santiment, whales have taken advantage of the recent price upswing to offload more than 180 million ADA in just the past five days. This aggressive distribution suggests that while retail and mid-sized investors may be expecting a rally, some of the largest holders are opting to exit their positions. The contrasting behavior between whales and smaller cohorts reflects the broader market’s uncertain state. With no resolution in sight to the ongoing trade conflict between the US and China, and fears of a global economic slowdown mounting, bullish conviction remains fragile. The coming days will be pivotal for Cardano, as price action and on-chain signals continue to diverge in a market desperate for clarity. Cardano Whale Activity Sparks Debate Over Trend Direction Cardano is now testing a critical demand zone that may determine whether the recent recovery is sustainable or simply a temporary pause in a larger downtrend. After a steady decline that began in early March, ADA is attempting to establish support as global macroeconomic tensions continue to pressure financial markets. With investors growing increasingly risk-averse, many have chosen to offload both altcoins and Bitcoin to shield their portfolios from escalating volatility and negative sentiment surrounding trade conflicts, inflation, and regulatory uncertainty. Despite these headwinds, some analysts believe a potential breakout could emerge once current economic pressures begin to ease. But recent whale behavior has raised concerns. According to top analyst Ali Martinez, whales took advantage of ADA’s recent price upswing by offloading over 180 million tokens in just the past five days. This move has sparked debate over whether whales are simply securing profits before further uncertainty—or signaling a deeper continuation of the downtrend. If Cardano manages to hold its current support levels and attract renewed buying interest, a short-term rally may still be in play. However, failure to defend this zone could confirm bearish continuation, pushing ADA into lower territory. With market sentiment split and high-stakes developments unfolding globally, ADA’s next move could set the tone for its performance throughout the quarter. Related Reading: Solana Turns Bullish On 8H Chart – Break Above $147 Could Confirm New Trend ADA Stalls Below Resistance As Bulls Face Critical Test Cardano (ADA) is currently trading at $0.63 after several days of sideways movement and failed attempts to break above the $0.66 resistance zone. This level has capped recent upside momentum, signaling that bulls are struggling to gain control in the current environment of macroeconomic uncertainty and risk-off investor sentiment. To confirm a true bullish reversal and break the broader downtrend, ADA must reclaim the $0.75 level, which is aligned with the 200-day moving average. A decisive move above this mark would reestablish long-term strength and could open the door to a sustained recovery rally. Until then, ADA remains in a vulnerable position, caught between key resistance and fragile support. Related Reading: Over 1.9M Ethereum Positioned Between $1,457 And $1,598 – Can Bulls Hold Support? On the downside, losing the $0.60 level could trigger another wave of selling pressure. Such a move would likely push the price back toward the $0.50 support zone, a level not seen since earlier this year. As global markets remain on edge amid geopolitical tensions and investor uncertainty, ADA’s next move will depend on whether bulls can generate enough momentum to flip key resistance or risk further downside if sellers take over. Featured image from Dall-E, chart from TradingView 

The Cardano price may be preparing for a powerful rally toward $1.7, as new indicators suggest a potential recovery. A leading crypto analyst has identified multiple bullish catalysts that could drive ADA’s momentum and help propel the cryptocurrency to this bullish target.  Institutional Interest To Fuel Cardano Price Recovery According to a recent technical analysis by a pseudonymous TradingView analyst, ‘Risk_Adj_Return,’ the Cardano price is suddenly showing signs of recovery after a period of sluggish performance. This seemingly bullish turnaround has sparked predictions of a potential surge to $1.7.  Related Reading: Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone According to the analyst’s report, several factors have been fueling ADA’s recovery. Despite its downtrend, large spot purchases have been observed, hinting at growing interest from institutional investors. The analyst also mentioned that political developments from key figures, such as US President Donald Trump, could spark further bullish sentiment for Cardano.  Although many of the present institutional buy-ins for Cardano have been followed by sell-offs, possibly from short-term traders, the sheer volume suggests that major players are closely watching the market. Part of this renewed institutional interest is attributed to the US Federal Reserve (FED) and broader macroeconomic signals.  Investors may be hoping for a shift in monetary policy or clear signs of easing inflation in the upcoming FOMC meeting, as this could boost risk assets like ADA. Any alignment between the Cardano price action and the FED decision could become a significant catalyst for upside momentum.  In his Cardano price chart, the TradingView analyst highlighted a bullish long trade setup on the 4-hour timeframe, utilizing the Heikin-Ashi candles. The trading strategy is supported by multiple take-profit levels, with the entry point marked near Cardano’s current price range. A clear stop loss has also been placed just below the local support to manage downside risks.  The trade plan involves three key take-profit levels: $0.73, $0.96, and $1.21. These targets align with previous resistance zones, allowing traders to potentially lock in gains before ADA reaches its ultimate upside target of $1.74. ADA Breakout Unlikely Amid US Trade Tensions The Cardano price is showing signs of strength, according to a market expert, ‘AMCrypto’, who notes that it is holding firm at a critical ascending support trendline on the 4-hour chart. After a recent decline, ADA bounced off the trendline, maintaining the bullish structure of an Ascending Triangle. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Currently trading around $0.61, Cardano still faces resistance at $0.67. A confirmed close above this threshold could signal a breakout, potentially propelling its price toward the $0.73 – $0.75 range.  However, despite these bullish technicals, macroeconomic uncertainty remains a key obstacle to ADA’s breakout potential. The ongoing US-China trade war tensions continue to fuel market volatility, creating headwinds for a sustained rally. The current market decline and instability fueled by this trade war have also kept many investors on the sidelines as they await stability. Featured image from Pixabay, chart from Tradingview.com