Cardano is showing renewed strength as bullish momentum builds, driving ADA closer to the $0.8119 resistance level. After steady accumulation, buyers are beginning to take control, pushing the price higher and reinforcing optimism in the market. This growing confidence suggests that ADA could be on the verge of a significant breakout, provided it can overcome key resistance zones. With technical indicators turning positive and market sentiment improving, all eyes are on whether ADA can sustain its upward momentum. A decisive move past $0.8119 may pave the way for further gains, while failure to break through might invite renewed selling pressure. As the battle between bulls and bears intensifies, the coming sessions will be crucial in determining Cardano’s next move. Technical Analysis: Can ADA Sustain Its Upside Trajectory? Presently, Cardano is exhibiting strong bullish momentum as it steadily climbs toward the $0.8119 resistance level, a barrier crucial for its next major move. After facing a strong rebound at the $0.6822 support mark, buying pressure has increased, pushing ADA higher as market sentiment turns optimistic. but the sustainability of this uptrend depends on key technical factors. Related Reading: Cardano (ADA) In The Red: Struggles Persist Under $1.00 It is worth noting that ADA’s price steadily rises toward the 100-day Simple Moving Average (SMA), a critical level that often acts as a dynamic resistance. A successful break above this indicator could reinforce positive sentiment and pave the way for extended gains. Supporting this momentum, the Relative Strength Index (RSI) has recently crossed above the 50% threshold, indicating a shift from bearish to bullish market conditions. This is a significant development, as an RSI above 50% typically suggests that buying pressure outweighs selling pressure, triggering further upside potential. Additionally, ADA’s trading volume has surged by over 10% in the last 24 hours, indicating growing market activity and increased investor interest. This uptick in volume suggests that traders are becoming more engaged, possibly fueling price movements. As long as the RSI remains on an upward trajectory and buying pressure continues to rise alongside volume, it might strengthen ADA’s bullish outlook, increasing the likelihood of a breakout above key resistance levels. What’s Next For Cardano? Predictions Beyond $0.8119 As Cardano continues its upward trajectory, breaking through the $0.8119 resistance level has become a focal point. But what lies beyond this key milestone? Related Reading: ADA Faces Retest Of $0.8119 As Technical Indicators Turn Bearish If buyers maintain control and push the price above this key barrier, ADA is likely to see an extended rally toward $0.8306 and $0.9077 in the near term. A decisive move above these levels can strengthen upward performances, opening the door for a test of $1.2630, a psychological milestone. However, if Cardano struggles to surpass $0.8119, it may enter a consolidation phase or experience a pullback, with $0.6822 as the next closest support level. The bulls must hold this zone to prevent further bearish pressure. Furthermore, a break below this level could signal an extended correction, exposing ADA to deeper losses. Featured image from Medium, chart from Tradingview.com
The CME has not yet listed ADA futures, which is widely considered a prerequisite for gaining approval for a spot ETF
Cardano has faced significant volatility and selling pressure as the broader crypto market struggles to establish strong support levels. Since early December, Cardano has dropped over 61%, with its price action reflecting a persistent downtrend that has shaken investor confidence. Despite several attempts, the price has yet to show clear signs of reversing the bearish momentum that has dominated its performance over the past months. Related Reading: Ethereum Stuck Below $2,800 Resistance – Bulls Need A Higher Low To Recover Currently, Cardano is trading at a critical level, one that must hold to spark a potential change in its market trajectory. The importance of this level cannot be overstated, as losing it could lead to further declines and heightened uncertainty for ADA investors. However, hope remains on the horizon for Cardano bulls. Top crypto analyst Ali Martinez has shared a promising technical signal, revealing that Cardano is beginning to show signs of a potential rebound on the daily chart. According to Martinez, key indicators are aligning to suggest that a recovery could be in the making, offering a glimmer of optimism for traders and long-term holders alike. The coming days will be crucial for Cardano, as it remains at a crossroads that could determine whether the current trend continues or a much-needed rebound finally takes shape. Cardano Could Start A Recovery Cardano could be on the verge of a recovery rally as it finds strong demand at current levels, with bears unable to push the price into lower demand zones. After months of persistent selling pressure and bearish sentiment, Cardano appears to be stabilizing, creating an opportunity for bulls to regain control. However, reclaiming key levels above the $0.72 mark will be critical to confirming the start of a meaningful recovery. Adding to this optimism, top analyst Ali Martinez recently shared a technical signal on X, indicating that Cardano may be poised to rebound. Martinez highlighted that the TD Sequential indicator has flashed a buy signal on the daily chart, a development that has caught the attention of many ADA investors. The TD Sequential is a widely used technical analysis tool designed to identify potential price reversals and points of trend exhaustion, making it a valuable indicator during volatile market conditions. This positive signal offers a glimmer of hope for Cardano investors who have been waiting for a rally, not just for ADA but also across the altcoin market. If bulls can hold the current demand level and push the price above $0.72, a recovery rally could gain momentum in the coming weeks. Related Reading: Ethereum Stuck Below $2,800 Resistance – Bulls Need A Higher Low To Recover Breaking through this key level and sustaining higher prices will likely attract more buyers and fuel bullish sentiment, potentially marking the start of a new upward trend. However, failure to reclaim key levels could result in extended consolidation or further declines, making the next few days crucial for Cardano’s price trajectory. ADA Price Testing Crucial Demand Cardano (ADA) is currently trading at $0.69 after enduring days of selling pressure and heightened volatility. Last Monday’s dramatic 38% drop, followed by an impressive 60% recovery, showcased the intensity of the current market conditions. However, despite the swift rebound, ADA has struggled to reclaim the $0.85 level, a critical resistance zone that bulls must conquer to establish a sustainable uptrend. For Cardano to gain momentum, it is essential for bulls to hold current price levels and push the price above the 200-day exponential moving average (EMA), which stands at $0.7225. This EMA serves as a crucial indicator of long-term strength, and a reclaim above it would signal renewed bullish momentum. Breaking above this level could pave the way for a rally, potentially bringing ADA closer to challenging the $0.85 mark again. Related Reading: Solana Holds Support Above Key Indicator – Expert Sees Push To ATH If Momentum Returns Failing to hold the current price or reclaim the 200-day EMA could lead to further consolidation or even another leg down, as market sentiment remains fragile. The coming days will be critical for ADA as it tests its ability to maintain support and establish a bullish trend. Investors will closely watch these key levels, as holding and breaking above them could signal the start of a recovery rally. Featured image from Dall-E, chart from TradingView
A new analysis by crypto strategist Ali Martinez suggests that Cardano (ADA) might be on the cusp of a significant upward move—potentially reaching the $15 price mark, which would represent a staggering 1,850% rally from current levels near $0.76. “If historical data is any guide, Cardano could be at the very beginning of a monster parabolic rally!” Martinez writes via X. Cardano Fractal Analysis Points To Major Upside Martinez’s chart (published on the 3-day timeframe) draws a parallel between Cardano’s price action in the 2018–2021 cycle and its present structure, highlighting a near-identical fractal pattern. In the previous cycle, ADA consolidated for several months within a defined horizontal range before staging a decisive breakout and retest of the upper boundary. That retest then led to a parabolic ascent spanning late 2020 into 2021. In the current cycle, Cardano appears to be retesting a similar support line, shown on Martinez’s chart as a horizontal band around $0.76–$0.80. If ADA were to follow the same trajectory that transpired in its last major rally, Martinez’s “monster parabolic rally” fractal implies a surge toward $15. Related Reading: Cardano Price Breaks Down From Ascending Channel, Here Are Two Ways It Could Go Immediate Support is currently at $0.76–$0.80. According to the chart, ADA is hovering just above a critical support zone—its role in the previous cycle was to provide a springboard for the bull run that followed. The next significant resistance level is around $1.60, aligning with the upper boundary of the grey-highlighted zone on the chart. Notably this price level also aligns with the 0.5 Fibonacci retracement level drawn from the last bull market peak to the bear market bottom. In the long term, the grey extended price line in Martinez’s chart illustrates the fractal-based projection, indicating that ADA could ultimately surge toward the $15 region. If ADA continues to follow this trajectory, the area between the 0.618 Fibonacci level ($2.00) and the 0.786 Fibonacci level ($2.47) could act as a temporary resistance zone, potentially causing a brief consolidation before the rally resumes its upward momentum. Related Reading: Cardano Consolidates Within A Symmetrical Triangle – Expert Sees A 40% Move Once It Breaks Martinez’s view hinges on the idea that crypto markets often exhibit cyclical behaviors. In Cardano’s last major cycle, once a key horizontal level was reclaimed and successfully retested, momentum accelerated sharply, culminating in an explosive move. With the current market once again retesting a crucial support zone, Martinez posits that the table is set for another extended bull phase. Of course, fractals are not guarantees of future performance; rather, they are visual aids that highlight how price structures can echo past market behavior. Whether Cardano follows this script depends on broader market conditions and investor sentiment. Still, the analyst’s forecast underscores why $0.76 is a level to watch. At press time, ADA traded at $0.74. Featured image from Shutterstock, chart from TradingView.com
A crypto analyst has confirmed a recent breakdown of the Cardano price from an Ascending Channel pattern. With key support and resistance levels now in focus, the analyst has outlined two scenarios for ADA, projecting where its price could move next. Cardano Price Ascending Channel: Bullish Scenario The Cardano price has been trending within an Ascending Channel for some time, maintaining steady price momentum amidst market volatility. However, a TradingView crypto analyst, known as ‘MelikaTrader94’, has identified a recent change in the Cardano price action. The analyst highlights that the altcoin has broken below the Ascending Channel, indicating a possible shift in market sentiment. Related Reading: Cardano Price Bounces From Key Support Level, But There’s Still A Risk To Crash To $0.85 An Ascending Channel is a distinctive chart pattern formed by two upward-sloping parallel trend lines. This pattern is typically considered a bullish continuation signal, often indicating the potential for a price reversal or deeper correction. Based on the TradingView analyst’s report, Cardano’s recent breakdown from its Ascending Channel could give rise to two possible scenarios. Firstly, the analyst predicts that the price of Cardano could experience a bullish surge, driven by the momentum generated from the channel breakdown. The analyst shared key support and resistance levels to watch, highlighting that a breakout about resistance could confirm a bullish reversal. Interestingly, the Cardano price has already broken below the key support level of around $0.7765. The cryptocurrency is now testing lower regions to find its next critical support. The TradingView analyst predicts that if the price of ADA can reclaim the support level at $0.7765, a retest to higher levels may be imminent. He has set a bullish target for ADA between $0.95 and $1.00, signaling the start of a strong uptrend and a potential price discovery. He also highlighted new resistance levels between $0.7765 and $0.80 for the price. Bearish Scenario: Further Decline Toward 0.2910 Fib? In an alternative scenario, MelikaTrader94 has shared a bearish outlook for the Cardano price. The price of Cardano is already in a severe downturn after crashing by 23.3% over the past week. Despite this bearish performance, the TradingView analyst predicts that ADA could see further downward momentum, declining towards the 0.4836 and 0.2910 Fibonacci levels if it fails to hold current levels. Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown The TradingView expert has pinpointed new support levels around $0.63, $0.48, and $0.29. These price points act as a barrier for the ADA, potentially preventing further declines. The analyst also disclosed that these support levels will serve as significant demand zones where buying pressure is set to increase. Given the possibility of a further breakdown in the ADA’s price, the analyst has cautioned investors to closely monitor ADA’s price action, particularly around the $0.63 level, as this could confirm the cryptocurrency’s next move. Featured image from Adobe Stock, chart from Tradingview.com
Cardano’s (ADA) bullish momentum is losing steam as bearish pressure mounts, forcing the price to retreat from the critical $0.8119 level. After a promising attempt to push higher, ADA bulls are now struggling to maintain control, with sellers stepping in to reclaim dominance. The recent rejection of this key resistance suggests that downward pressure is building, raising concerns about whether the altcoin can hold its ground or slip further. With technical indicators hinting at growing weakness, the focus now is on the next support zones to determine if a deeper correction is on the horizon. Market Sentiment Shifts: Bulls Losing Their Grip Cardano’s market sentiment has shifted as bulls appear to be losing their grip on price action, with ADA continuing to trade below the 100-day Simple Moving Average (SMA). This key level has become a barrier that the bulls have yet to break through, indicating weakening buying pressure and increasing dominance from the bears. Related Reading: Cardano (ADA) In The Red: Struggles Persist Under $1.00 The failure to reclaim the 100-SMA suggests that the bullish momentum, which initially gained traction, is losing steam, and the market is starting to lean toward a bearish outlook. Further compounding the bearish outlook is the recent movement of the Relative Strength Index (RSI), which has started to drop again before reaching the 50% threshold. Typically, this reflects that buying pressure is fading, and selling momentum is building, adding more weight to the argument that the bulls are losing control. With the price struggling below the 100-SMA and the RSI reflecting weakening momentum, the outlook for ADA remains uncertain. Unless bulls can regain traction and break above the 100-SMA, the asset might face further declines, as bears continue to dominate the market. Key Support Zones In Focus As ADA Faces Bearish Pressure After ADA’s recent struggle at the $0.8119 resistance level, the focus is shifting to crucial support zones that will be vital in determining its next move. As bearish pressure mounts and the price remains under the 100-day SMA, ADA’s ability to hold key support levels is under scrutiny. Related Reading: Behind Cardano 15% Correction: Here’s How Much ADA Whales Sold The immediate support zone to watch is $0.6822, which has previously acted as a critical level for ADA. If the price tests and holds this zone, it could serve as a launching pad for another attempt at the upside. However, if ADA fails to hold $0.6822, attention will turn to the next major support at $0.5229, where a more significant bounce may occur once buying pressure resurfaces. Should these support levels be breached, ADA may face a more extended period of downward movement, with $0.55 emerging as the next line of defense. Featured image from iStock, chart from Tradingview.com
Cardano price started a fresh decline below the $0.9250 zone. ADA is now correcting losses and struggling to clear the $0.80 resistance. ADA price started a fresh decline from the $0.9250 zone. The price is trading below $0.850 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.8050 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another decline if it trades below the $0.7650 support zone. Cardano Price Faces Resistance After struggling to stay above the $0.950 level, Cardano started a fresh decline like Bitcoin and Ethereum. ADA declined below the $0.90 and $0.850 support levels. There was a clear move below the $0.60 support zone. A low was formed at $0.5105 and the price recently started a decent upward move. The price cleared the $0.60 and $0.70 resistance levels. The bulls pumped the price above the 50% Fib retracement level of the downward move from the $0.9828 swing high to the $0.5105 low. However, the bears are now active near the $0.80 zone. There is also a key bearish trend line forming with resistance at $0.8050 on the hourly chart of the ADA/USD pair. 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 and the 61.8% Fib retracement level of the downward move from the $0.9828 swing high to the $0.5105 low. The first resistance is near $0.820. The next key resistance might be $0.850. If there is a close above the $0.850 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.9250 region. Any more gains might call for a move toward $1.00 in the near term. Another Decline 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 $0.7650 level. The next major support is near the $0.7230 level. A downside break below the $0.7230 level could open the doors for a test of $0.6880. The next major support is near the $0.6250 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 – $0.7650 and $0.7230. Major Resistance Levels – $0.8000 and $0.8200.
Cardano (ADA) has been trading below the $1 mark for the past few days, fueling uncertainty and speculation among investors. As the broader market experiences shifting sentiment, ADA remains in a tight consolidation phase, leaving traders eager for its next move. Related Reading: Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K – What This Means However, market conditions have improved, and bullish sentiment is returning as Bitcoin flirts with a potential rally. With BTC leading the way, analysts believe altcoins like ADA could soon follow, setting the stage for a major breakout. Top crypto analyst Ali Martinez shared a technical analysis on X, revealing that Cardano is consolidating within a symmetrical triangle pattern. This formation typically signals an upcoming breakout, though the direction remains uncertain. If ADA breaks above key resistance, a strong rally could follow. However, failure to hold support could result in further downside movement. As the crypto market turns bullish, all eyes are on ADA’s price action to determine whether it can finally reclaim the $1 level and start a new uptrend. The coming days will be crucial in deciding whether Cardano can break out of its consolidation phase and join the broader market rally. Cardano Consolidates After 25% Drop Cardano (ADA) has been under significant selling pressure since mid-January, experiencing a steep decline of over 25%. Market volatility has kept ADA trading below the $1 mark, a psychological level that has become a key battleground for bulls and bears. However, analysts are now calling for a recovery as altcoins begin to regain strength, signaling a potential turnaround for Cardano. Crypto analyst Ali Martinez shared a technical analysis on X, revealing that Cardano is consolidating within a symmetrical triangle pattern, a formation often preceding a large breakout. According to Martinez, a decisive breakout from this pattern could trigger a 40% price move, bringing renewed momentum to ADA. If Cardano reclaims the $1 level and continues to push higher, buying pressure will increase, potentially driving ADA toward multi-year highs. A successful breakout would confirm strong demand and signal the start of a new bullish phase for the altcoin. Related Reading: Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level With Bitcoin leading the market upward and altcoins showing strength, ADA could be on the verge of a significant rally. The coming days will be crucial as investors watch whether Cardano can break out of consolidation and join the broader market surge. ADA Struggles Below $1 Cardano (ADA) is currently trading at $0.95 after failing to reclaim the $1 mark, a critical resistance level. The price has not closed above $1 since January 21, reinforcing it as a major hurdle for bulls. If ADA is to start a rally, buyers must push the price above $1 and hold it as support. This would confirm a trend shift and potentially trigger a move toward the $1.15 level, which has kept ADA suppressed for weeks. A breakout above this range could pave the way for strong bullish momentum and a rally into multi-month highs. However, risks remain. If ADA fails to hold above $0.90, selling pressure could intensify, leading to a deeper correction and prolonged consolidation before another breakout attempt. Losing this key support level could send ADA back to lower demand zones, delaying any significant upside moves. Related Reading: Solana ‘Still Wants Lower’ As Meme Coins Face A Major Shakeout – Analyst For now, investors are watching closely to see if ADA can reclaim key resistance levels or if another pullback is on the horizon. The next few days will be critical in determining Cardano’s short-term direction. Featured image from Dall-E, chart from TradingView
Cardano price started a fresh decline from the $1.00 zone. ADA is consolidating and might continue to move down below the $0.9350 support. ADA price started a fresh decline from the $1.00 zone. The price is trading below $0.950 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.950 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another decline if it trades below the $0.9350 support zone. Cardano Price Turns Red After struggling to stay above the $1.00 level, Cardano started a fresh decline unlike Bitcoin and Ethereum. ADA declined below the $0.9650 and $0.950 support levels. There was a clear move below the $0.950 support zone. Besides, there was a break below a key bullish trend line with support at $0.950 on the hourly chart of the ADA/USD pair. The pair even traded below the 50% Fib retracement level of the upward move from the $0.9007 swing low to the $0.9881 high. Cardano price is now trading below $0.950 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.950 zone. The first resistance is near $0.9650. The next key resistance might be $0.9880. If there is a close above the $0.9880 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.00 region. Any more gains might call for a move toward $1.050 in the near term. Another Decline in ADA? If Cardano’s price fails to climb above the $0.950 resistance level, it could start another decline. Immediate support on the downside is near the $0.940 level and the 100-hourly simple moving average. The next major support is near the $0.9350 level or the 61.8% Fib retracement level of the upward move from the $0.9007 swing low to the $0.9881 high. A downside break below the $0.9350 level could open the doors for a test of $0.9040. The next major support is near the $0.8550 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.9400 and $0.9350. Major Resistance Levels – $0.9500 and $0.9880.
Cardano is set to activate the Plomin hard fork by 21:44 UTC on Jan. 29, ushering in a new era of decentralization for the network. This upgrade, confirmed in a Jan. 29 statement shared with CryptoSlate, grants ADA holders direct voting power over critical network decisions, including parameter adjustments, treasury withdrawals, and hard forks. Plomin […]
The post Plomin hard fork brings decentralized governance to Cardano appeared first on CryptoSlate.
In the past day, Cardano (ADA) has seen a 14% retrace amid the crypto market’s pullback. The cryptocurrency recently saw its price lose the $1 mark, descending below $0.90 on Monday morning. Despite the drop, some market watchers shared a positive outlook for ADA, asserting that a rebound to $1.30 could be around the corner. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ Cardano Holds Key Higher Timeframe Support Cardano, alongside the rest of the market, ended the week with a Sunday bleeding, registering seven consecutive red candles yesterday afternoon. The market pullback continued Monday morning, with Bitcoin (BTC) losing the $100,000 support for the first time in over a week. As the market correction persisted, ADA’s price lost the $0.90 support, hovering between the $0.85-$0.89 range before recovering. Almost two weeks ago, Cardano bounced from the $0.90 support to reclaim the $1 resistance. During this jump, the cryptocurrency surged to its 2025 high but failed to break past the $1.18 resistance level, sending ADA into a downtrend. Since then, the altcoin has failed to turn the $1 resistance into support, hovering between $0.95-$1.02. The recent drop sent Cardano to a two-week low price and back to its end-of-year range of $0.83-$0.95. Nonetheless, the cryptocurrency’s price remains above crucial levels, as some market watchers noted. AMCrypto highlighted that after its 5% recovery from today’s low, ADA was back to its 2-day support level. To the analyst, there is “no need to panic” if Cardano holds the $0.80 support zone. This zone was 2024’s Q1 high, and it has served as a key higher timeframe level, fueling the altcoin’s rally once it has been turned into support in 2021 and late 2024. AMCrypto noted that “For alts to retest major support levels during a bull run is a good sign.” ADA To Reclaim $1 Soon? Other analysts shared similar predictions, suggesting that Cardano’s run would be determined by its next price move. Carl Runefelt stated that “despite the market correction, ADA is still holding on to this massive bullish pennant.” The analyst pointed out that ADA’s chart displays a 2-month bullish formation that targets $1.9 if it breaks out. However, he noted that the first target is the local top of $1.30. Runefelt explained that “if the support holds, we could see a bullish breakout at some point.” Meanwhile, ADA trader Sebastian considers that Cardano needs to close the day above $0.95. He stated it “would be amazing for ADA if this last daily candle turns green” and closes within the symmetrical triangle. Related Reading: Ready To Rocket? Dogecoin Chart Hints At Major Gains Ahead Previously, Sebastian noted that ADA’s “painful consolidation might soon be over,” as the cryptocurrency was “running out of space within this symmetrical triangle and might break out soon.” To the trader, If Cardano gets “back in the chart,” then the recent breakdown will “be busted and will likely result in a pump to the upside.” As of this writing, ADA is trading at $0.90, an 8% decline in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
Cardano price started a fresh decline below the $1.00 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.00 level. ADA price started a fresh decline from the $1.020 zone. The price is trading below $1.00 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.9750 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.00 resistance zone. Cardano Price Settles Below $1.00 After struggling to stay above the $1.050 level, Cardano started a fresh decline unlike Bitcoin and Ethereum. ADA declined below the $1.00 and $0.9750 support levels. There was a break below a key bullish trend line with support at $0.9750 on the hourly chart of the ADA/USD pair. The pair even traded below the $0.920 support. A low was formed at $0.91645 and the price is now attempting to recover. There was a move above the $0.9220 level. Cardano price is now trading below $1.00 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.9350 zone. It is near the 23.6% Fib retracement level of the downward move from the $0.9998 swing high to the $0.9164 low. The first resistance is near $0.9550 or the 50% Fib retracement level of the downward move from the $0.9998 swing high to the $0.9164 low. The next key resistance might be $0.9680. If there is a close above the $0.9680 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.00 region. Any more gains might call for a move toward $1.050 in the near term. Another Decline in ADA? If Cardano’s price fails to climb above the $0.9350 resistance level, it could start another decline. Immediate support on the downside is near the $0.9160 level. The next major support is near the $0.90 level. A downside break below the $0.90 level could open the doors for a test of $0.8650. The next major support is near the $0.8450 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.9160 and $0.9000. Major Resistance Levels – $0.9350 and $0.9680.
After a quiet start to 2025, the price of Cardano had finally begun to build on its bullish momentum from the previous year. However, the altcoin has seemingly encountered a setback, with its value falling by nearly 15% in the past week. While this downturn could be attributed to the uncertainty and drama surrounding Donald Trump’s inauguration, it could also be linked to the movement of large investors over the past week. Here’s how the Cardano whales sold in the last seven days. Whales Sold $180 Million Worth Of ADA Tokens Last Week In a recent post on the X platform, prominent crypto pundit Ali Martinez shared the amount of Cardano tokens offloaded by whales in the past week. This is based on the change in the wallet holdings of those who own between 100 million and 1 billion coins. Related Reading: Bitcoin Shark Wallets Set New Record: Bullish Foreshadowing For 2025? It is worth mentioning that addresses holding tokens of such magnitude are called whales. These entities are deemed significant as other market participants often watch their movements. Due to their substantial holdings, crypto whales often wield significant influence over the market and prices. Historically, prices of assets tend to move in the direction of these large investors (prices rise during whale accumulation and dip during whale sell-offs.) According to Martinez, the Cardano whales trimmed their holdings in the past week, offloading more than 180 million ADA tokens in the process. This sell-off is equivalent to around $185 million at the current market price. While determining the exact rationale behind the latest whale movement is difficult, it is not unusual for whales to lock in profits, especially after a price surge. For context, the Cardano price jumped nearly 30% from $0.9 to as high as $1.15 between January 13 and January 17. Furthermore, large-scale sell-offs by whales could indicate a shift in investor sentiment, especially if they expect a future price decline. They might try to cash in early to minimize or avoid losses. Ultimately, whales shaving their holdings doesn’t often bode well for an asset (Cardano, in this case), as it increases supply in the open market. Increased supply without sufficient demand to absorb the selling could exert bearish pressure on ADA’s price. Cardano Price At A Glance As of this writing, the ADA token is valued at around $0.97, reflecting a decline of over 1% in the past 24 hours. According to data from CoinGecko, the altcoin is down by about 15% in the last seven days. Related Reading: Catching The Next Quick 5X: Why The Dogecoin Price Should Be On Your Radar Featured image from Unsplash, chart from TradingView
Cardano (ADA) has faced significant volatility and selling pressure over the past week, with the price struggling to reclaim the crucial $1 mark since last Wednesday. This prolonged dip below a key psychological level has left analysts and investors divided as uncertainty continues to dominate the broader crypto market. While some see signs of potential recovery, others remain cautious about the short-term outlook. Related Reading: XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout Renowned crypto analyst Ali Martinez has provided some clarity by sharing a detailed technical analysis. According to Martinez, Cardano is forming a symmetrical triangle pattern, a structure often associated with impending volatility and significant price movements. The outcome of this pattern could determine Cardano’s next major trend, whether bullish or bearish. As the market sentiment remains fragile, ADA’s ability to break out of this consolidation phase will likely set the tone for its performance in the coming days. A decisive move could either spark renewed optimism among investors or reinforce concerns about further downside. Cardano approaches a critical juncture, with traders and investors eagerly awaiting confirmation of its next move. The resolution of this symmetrical triangle could prove pivotal for ADA’s trajectory in the volatile crypto landscape. Cardano Prepares For A Big Move Cardano (ADA) has been heavily influenced by market volatility as the broader crypto market remains in a consolidation phase since late December. This prolonged period of sideways movement has kept traders and investors on edge, with many anticipating a significant breakout. However, the question remains: will Cardano’s next move be bullish or bearish? Renowned crypto analyst Ali Martinez has provided insights into Cardano’s current setup, sharing a detailed technical analysis on X. According to Martinez, ADA is currently forming a symmetrical triangle pattern, a classic chart structure that often precedes a major price move. The setup suggests that once the pattern resolves, Cardano could experience a 40% price swing in either direction. If ADA breaks out to the upside and confirms the move with strong volume, it could trigger a massive rally, potentially taking the price toward new short-term highs. Such a move would likely reinvigorate market sentiment and attract fresh buying interest. On the other hand, if Cardano fails to hold critical demand levels, a breakdown could result in a significant decline, leading to extended bearish pressure. Related Reading: Hedera Successfully Retests Key Demand Level – Expert Says The Next Stop Could Be $0.52 The coming days will be crucial for Cardano as it tests these critical levels. Traders are closely watching for confirmation of the breakout direction, as the outcome could set the stage for ADA’s trajectory in the weeks ahead. Whether the symmetrical triangle leads to a bullish rally or a bearish correction, the resolution of this consolidation phase will undoubtedly have a major impact on Cardano’s future performance in the crypto market. Price Struggles Below $1 Cardano (ADA) is currently trading at $0.98, struggling to regain momentum after several days of being unable to break back above the crucial $1 mark. This psychological level has proven to be a significant barrier, and reclaiming it as support is essential for bulls to regain control of the price action. For ADA to shift into a more bullish trajectory, it needs to break above $1 and hold it firmly as support. Such a move would signal renewed buying interest and could set the stage for further upward momentum. In the short term, the next target for ADA would be the $1.05 level. A breakout above this resistance could trigger a significant rally, potentially reigniting optimism among investors. However, the downside risks remain. If ADA loses the $0.95 support level, it could face a deeper correction phase, as this would signal increased selling pressure. Such a move might lead to further bearish sentiment, challenging the broader market’s stability. Related Reading: Chainlink Is In The Middle Of A Bullish Breakout – Analyst Sets $50 Target The next few days will be pivotal for Cardano’s price action. Traders and investors will be closely monitoring whether ADA can reclaim the $1 mark and pave the way for a potential breakout or if further consolidation and corrections lie ahead. Featured image from Dall-E, chart from TradingView
Cardano (ADA) has been a focal point of the crypto market’s volatility, experiencing sharp price swings over the past week, particularly during the weekend. In just a few days, ADA has dropped over 18%, leading to growing fear and uncertainty among investors. This significant decline has shaken confidence in Cardano’s short-term outlook, with many wondering whether the asset can regain its momentum. Related Reading: MVRV Pricing Bands Suggest Ethereum Cycle Peak Is Still Ahead – Analyst Sets $7,000 Target Despite the market turbulence, top analyst Ali Martinez has offered a more optimistic perspective. Sharing a detailed technical analysis, Martinez suggested that Cardano is poised for a significant move upward once it overcomes a critical resistance level at $1.10. According to Martinez, breaking through this resistance could open the door for ADA to rally toward $1.50, marking a substantial recovery from its recent lows. As investors weigh their options amid the current volatility, Martinez’s analysis provides a glimmer of hope for those looking for a bullish turnaround. With the broader market showing signs of recovery, all eyes are on Cardano’s ability to reclaim key levels and shift market sentiment. The coming days will be crucial for ADA as it attempts to shake off fear and uncertainty and position itself for a potential rally. Cardano Testing Crucial Demand As the cryptocurrency market continues to grapple with heightened volatility and uncertainty, Cardano has managed to hold its ground above key demand levels. Despite recent turbulence, ADA’s ability to maintain these crucial levels has kept investors cautiously optimistic about its potential for a significant breakout. The price action indicates mounting bullish pressure, with many market participants eagerly awaiting a decisive move. Top analyst Ali Martinez recently shared a technical analysis on X, highlighting Cardano’s promising setup. According to Martinez, ADA is poised for a rally to $1.50 if it can overcome the critical resistance level at $1.10. This level has proven to be a significant barrier, but a successful breakout would signal renewed momentum and set the stage for a sustained upward trend. Martinez’s analysis provides a beacon of hope for investors seeking confirmation of ADA’s bullish potential. However, the outlook is not without risks. If ADA fails to hold its current demand levels, the possibility of a deeper decline looms large. Losing these levels could lead to a wave of selling pressure, testing investor confidence and delaying the anticipated breakout. Related Reading: XRP Whales Keep Loading Up Their Bags – 100 Million XRP Accumulation In 48 Hours As the market watches closely, Cardano’s next moves will be critical in determining its trajectory. The coming days will reveal whether ADA can capitalize on its resilience and push through resistance or face further consolidation. For now, the balance of risk and reward keeps investors on edge as they anticipate what could be a defining moment for Cardano in the current market cycle. ADA Price Action: Key Levels To Watch Cardano (ADA) is currently trading at $1, following an 18% drop from its $1.16 local high set last Friday. The recent decline has raised concerns among investors as ADA hovers near the critical psychological level of $1. Holding this level is crucial for bulls to regain momentum and prevent further downside in the short term. To reclaim bullish momentum, ADA must not only maintain support at the current levels but also push decisively above the $1.11 resistance in the coming days. Breaking through this level would signal renewed strength and could pave the way for a recovery toward higher targets, boosting investor confidence in the process. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price Target However, the risk of a deeper correction remains if ADA fails to defend the $1 mark. Losing this key psychological support could trigger a wave of selling pressure, potentially resulting in a drop of up to 15% in the short term. Such a move would likely test lower support zones, challenging Cardano’s recent resilience. Featured image from Dall-E, chart from TradingView.
Positive price action in the past 24 hours has seen Cardano (ADA) rebounding upwards alongside the rest of the crypto market. The entire market is up by 4.3% in the past 24 hours, a trend that has seen the Cardano price also breaking above the $1 mark again. Interestingly, Cardano’s recent break above $1 comes just hours after it bounced on a support zone around $0.92-$0.95. Despite this break, technical analysis shows that there remains a risk of a Cardano price crash in the short term. Key Support Zone Interaction Near $0.92-$0.95 A technical analysis of Cardano’s 4-hour candlestick chart, shared by crypto analyst melikatrader94 on TradingView, highlights a compelling confluence as Cardano attempts to regain upward momentum. The analysis identifies a support zone near $0.92-$0.95, which coincides with an upward-sloping trendline that has served as support for many weeks. Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown Cardano’s towards the support trendline is a notable decline after its price reached a peak around $1.16 on January 17. Furthermore, this reversal comes after the cryptocurrency experienced another upswing that began when it rebounded from the same upward-sloping trendline near $0.89 on January 13. These repeated interactions with the trendline and the support zone show the volatility surrounding Cardano’s price over the past days and the ongoing battle between bullish and bearish market participants. Since the analysis, Cardano has rebounded again just before reaching the upward-sloping trendline and is now on an upward move. As noted by the analyst, this move might push Cardano’s price back toward its recent highs near $1.10. If this upward momentum is sustained, ADA may also continue upwards until it reaches a key resistance zone between $1.10 and $1.15. A successful breach of this level would further reinforce the bullish outlook and the continuation of a broader uptrend. Risk Of Breakdown Toward $0.85 Or Lower For Cardano For the bullish scenario to play out, ADA needs to hold firmly above the support zone and along the ascending trendline. This alignment suggests a continuation of the upward trend that Cardano has been following since late 2024. Secondly, Cardano bulls would need to break above the resistance level highlighted between $1.10 and $1.15 in order to flip the level into support on the long-term. Related Reading: Possible Deep Correction Could Push Cardano Price To $0.43, Here’s How However, the intense volatility witnessed in the past few days opens up the possibility of a failure to hold above these levels. With this, the analyst warned that a decisive breakdown below the $0.92 level and the ascending trendline would invalidate the bullish outlook. Such a move could pave the way for a deeper correction and cause the Cardano price to drop toward $0.85 or even lower. At the time of writing, Cardano is trading at $1.02 and is up by 2% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com
Chainlink (LINK) has experienced a significant surge in its price, which analysts are attributing to the additional acquisition of World Liberty Financial (WLFI) and the rumors of a brewing partnership with Cardano. Related Reading: Trader’s Hot Take: XRP Branded The ‘Biggest Meme Coin’ In Crypto Chainlink could be off to a good start as the crypto token was able to pull off a big run that propelled the coin from its lowest level to reach over $26 per coin. Chainlink 30% Price Surge Analysts said that Chainlink has successfully positioned itself in the blockchain landscape after breaking the slump that saw the token at its lowest level this year and gaining momentum to surpass its March 2024 high of $22.87 Data showed that the crypto token’s price skyrocketed by 40% to hit $26.85 per coin. The come-from-behind rally also pushed the market capitalization to nearly $17 billion. Meanwhile, LINK was up 30% in the last seven days, data from Coingecko shows. Market observers noted that LINK’s gains to reach $26.87 have allowed the token to get over the resistance level of $22.87, which some analysts suggested the token could be moving towards a highly bullish condition. The cup and handle pattern method showed there is a high possibility that Chainlink would reach its target of $37, which an analyst explains, “The profit target for this pattern is calculated by measuring the depth of the cup and projecting the same distance upward from the breakout point.” WLFI Acquires More Tokens One of the reasons seen by crypto analysts that drive Chainlink’s price in an upward direction is the Trump-associated WLFI which bought a significant number of tokens. According to Nansen, about $4.6 million worth of LINK tokens were acquired by WLFI, bolstering their Chainlink holdings to more than $6.6 million worth of tokens. Some analysts pointed out the possibility of the US Securities and Exchange Commission (SEC) approving a Chainlink ETF if an application is submitted, noting that Trump’s crypto policy could positively affect these tokens. Moreover, data showed that WLFI holds $179 million worth of Ethereum tokens together with other assets like USD Coin, Tether, Wrapped Bitcoin, AAVE, Ethena, and Tron. It is estimated that WLFI has a portfolio that exceeds $322 million in value. Now that we have governance moving along really well, this year I’m going to focus deeply on three big themes for Cardano: 1) Bitcoin DeFi on Cardano (Market is 4 times the size of Ethereum and Solana combined) 2) 24/7 work on scalability, including Leios 3) Making Cardano a… — Charles Hoskinson (@IOHK_Charles) January 18, 2025 Related Reading: Trump Son Drops Hints About Major World Liberty Plans After Massive Ether Buy Possible Cardano Partnership Another factor that contributed to Chainlink’s price surge is the rumor that Cardano will have a partnership deal with the token. No less than the Cardano founder, Charles Hoskinson, hinted that a potential collaboration is underway, saying they are looking to build more partnerships this year. According to Hoskinson, one of his goals this year is to make Cardano “a peninsula, not an island.” “Integrations, integrations, integrations. Already got a meeting with Chainlink on the books,” the Cardano founder said in a post. Featured image from CoinFlip.tech, chart from TradingView
The increasing popularity of XRP is generating a mix of reactions. CNBC’s Ran Neuner recently called XRP the “biggest meme coin” in the crypto space, referring to its massive fully diluted valuation (FDV) of $320 billion. Related Reading: Trump Son Drops Hints About Major World Liberty Plans After Massive Ether Buy He opined that though it’s currently touted as one of the most popular utilities, its market dynamics resemble more those of meme coins than a utility-based crypto asset. This comment raised eyebrows, especially considering XRP’s historical background as a leading player in digital payments. An Increasingly Complex Narrative Due to its rapid value growth, many people are reconsidering XRP’s position in the market. Some people think that its price trajectory and media attention are comparable to joke currencies, while others see it as a utility token with real-world applications. According to Neuner, the token’s $320 billion FDV indicates that its value is primarily derived from speculative trading rather than any practical use. Here is a list of the biggest memecoins by FDV; 1. XRP – $320bn 2. DOGE – $57bn 3 ADA – $47bn 4.TRUMP – $36bn 5.HBAR -$17bn — Ran Neuner (@cryptomanran) January 19, 2025 Meme Coins Vs Utility Tokens In the crypto space, meme coins like Dogecoin and Shiba Inu have gained fame, often based on community sentiment rather than solid use cases. A comparison of XRP to such meme coins can be seen as controversial, yet it is an interesting one to look at. For all its utility-focused narrative, XRP has a massive market cap and substntial media buzz which often overshadows practical applications. Skeptics Weigh In At the same time, prominent individuals in the business, like Raoul Pal and DaVinci Jeremie, have expressed doubts about the direction of XRP. Some people say that the coin’s popularity may not last and is likely just due to market trends rather than real growth. Even though its story is based on its usefulness, XRP’s huge market cap and broad media attention often overshadow its actual uses. Interesting that you classify ADA as a memecoin when it’s one of the few chains with peer-reviewed research, formal verification methods, and a clear roadmap to scalability. Perhaps we should distinguish between price speculation and fundamental value. — talos (@TalosAgent) January 19, 2025 Talos, a community member, found Neuner’s assertion surprising as labeling ADA a joke currency ignores its special qualities. Cardano is unique from speculative assets, he said, since it is grounded on peer-reviewed research and has a clear scalability plan. As the debate goes on, it’s evident that XRP is more than just a utility coin or simply one player in the digital asset world. It’s either a meme coin or something more serious – the debate is not over yet. But one thing is for sure: XRP is definitely on everyone’s radar now, and its market movements will still draw the interest of fans and its harshest critics. Related Reading: Bitcoin Reserve In The US: 65% Chance It Happens In 2025 The Future Of XRP In The Meme Coin Debate What happens next with XRP will depend a lot on how people feel about it in the next few months. Some people see it as a risky asset, but others keep saying that it could change the way people pay for things around the world. XRP’s price changes and general effect on the market are likely to stay a hot topic no matter what classification it gets. Featured image from LumerB/Getty Images, chart from TradingView
Cardano price started a fresh decline below the $1.050 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.0250 level. ADA price started a fresh decline from the $1.150 zone. The price is trading below $1.0550 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $1.040 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.050 resistance zone. Cardano Price Faces Hurdles After struggling to stay above the $1.150 level, Cardano started a fresh decline unlike Bitcoin and Ethereum. ADA declined below the $1.050 and $1.0350 support levels. It even spiked below $1.00. A low was formed at $0.9615 and the price is now attempting to recover. There was a move above the $0.990 level. The price cleared the 23.6% Fib retracement level of the downward move from the $1.088 swing high to the $0.9615 low. Cardano price is now trading below $1.050 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.0250 zone. It is near the 50% Fib retracement level of the downward move from the $1.088 swing high to the $0.9615 low. The first resistance is near $1.050. There is also a connecting bearish trend line forming with resistance at $1.040 on the hourly chart of the ADA/USD pair. The next key resistance might be $1.0880. If there is a close above the $1.0880 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.120 region. Any more gains might call for a move toward $1.1520 in the near term. Another Decline in ADA? If Cardano’s price fails to climb above the $1.050 resistance level, it could start another decline. Immediate support on the downside is near the $0.980 level. The next major support is near the $0.9650 level. A downside break below the $0.9650 level could open the doors for a test of $0.9200. The next major support is near the $0.880 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.980 and $0.9650. Major Resistance Levels – $1.0250 and $1.0500.
The Cardano price is targeting a bullish breakout to $6 after experiencing a bounce from its initial 43% downturn. While other cryptocurrencies like XRP and Bitcoin (BTC) recorded massive gains in this bull market, Cardano (ADA) maintained a relatively muted price last year, experiencing significant volatility. Despite this, analysts remain bullish on ADA, emphasizing its potential for a substantial price recovery and a surge to new ATHs. Cardano Price Targets $6 ATH Ali Martinez, a prominent crypto analyst on X (formerly Twitter), shared a bullish price prediction for Cardano, forecasting a massive surge to $6. The analyst compared the similarities in ADA’s current price movement to historical patterns. He shared two parallel price charts of Cardano depicting its price action from 2018 to 2021 and 2022 to 2025. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 In the left chart, ADA traded within a sideways accumulation zone, highlighted by the rectangular box, before experiencing a breakout above $0.14. Following the breakout, Cardano’s price corrected by about 43.6%, a massive decline that pushed its value below the $0.1 mark. As is often seen among cryptocurrencies, Cardano’s significant price crash established a solid foundation for a notable rally. After its substantial decline, the cryptocurrency initiated a significant price rally, reaching a peak of approximately $3.08. This remarkable price surge represented a gain of over 4,095%. In the right chart, Martinez identifies a similar sideways accumulation pattern between 2022 and 2023 of this year’s bullish cycle. Following this, Cardano broke out to reach a new price high of $0.8. After this, the altcoin underwent a 42.65%, mirroring the crash in 2021. Based on the historical fractal, Martinez predicts that Cardano could soon initiate its second leg up, potentially mimicking its impressive price rally in 2021 within the next two to three weeks. As a result, the analyst has set a bullish target for Cardano at above $6, marking a significant gain of 2,220.68%. While historical patterns do not accurately predict future price movements, they can provide insights into market trends, conditions, and other factors. Martinez’s bullish prediction for the Cardano price relies on the assumption that it can repeat similar market behavior and conditions during its 2021 bull rally. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue Update On ADA Price Analysis As mentioned earlier, the Cardano price declined severely last year despite bullish sentiment spreading to other altcoins in the market. In the last few weeks, ADA seemed to be recovering from bearish trends, as CoinMarketCap’s data showed a price increase of 16% over the past week. Cardano also experienced notable price gains in the last month, rising by over 10%. Although its price has reclaimed its $1 mark, ADA’s momentum seems to be fading, as the cryptocurrency has pulled back, recording a decline of 4% over the last 24 hours. Featured image created with Dall.E, chart from Tradingview.com
With the bearish pressure in the cryptocurrency market dissipating, large-cap altcoins are showing good signs of recovery. Cardano, specifically, has quickly established itself as one of the best-performing assets in the crypto market in 2025. After the downside pressure over the past few weeks, the Cardano price finally reclaimed and held above the $1 mark in the past week. The question now is — what’s the next move for the ADA token? Is A 400% Rally On The Cards For ADA Price? In a recent post on social media platform X, popular crypto analyst Ali Martinez shared the next step for the Cardano price after the latest downturn. The crypto pundit revealed the price fractals that could see the ADA token move to as high as $6. Related Reading: Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News? In technical analysis, fractals refer to recurring patterns on a price chart. Typically, the patterns provide insight into historical price movements and can be used to predict the future trajectory of a cryptocurrency. After a 44% correction, #Cardano $ADA began its second leg up during the week of February 1, 2021. Now, #ADA has already undergone a 43% correction, suggesting the next leg up could be just two to three weeks away. $6 next! pic.twitter.com/xyvwZxdOFf — Ali (@ali_charts) January 17, 2025 Martinez revealed that the price of Cardano is currently at a point similar to where it was four years ago. After breaking out of the consolidation range in late 2020, the altcoin surged to around $0.4 before February 2021. However, the ADA price hit a roadblock around $0.4, falling by more than 40% before continuing its upward trend. The price of Cardano eventually soared to above $3 — the current all-time high — in this cycle. Martinez explained that the ADA token, having just experienced an almost identical 40%, might be on the verge of a bullish breakout. The analyst said that the next move up for the altcoin could be “just two to three weeks away.” Using the historical price data, Martinez predicted that the price of Cardano could push to as high as $6, setting a new record high. This would represent an impressive 400% surge from the current price point. Cardano Price At A Glance As of this writing, the Cardano token is valued at $1.15, reflecting an almost 5% increase in the past 24 hours. According to data from CoinGecko, the ADA price is up by more than 20% in the last seven days. Related Reading: ‘Solana Season Is About To Return’ As Price Turns Key Resistance Into Support – Analyst Featured image from Solodev, chart from TradingView
Veteran trader Peter Brandt has suggested that Cardano (ADA) has “bottomed” and is preparing for a “grand bull market,” which has brought the cryptocurrency into the limelight. Brandt’s analysis, which carries weight in trading circles, has elicited enthusiasm among investors in ADA. Related Reading: Spot Crypto ETFs: Litecoin Likely Next In Line For SEC Nod A Sequence Of Reversals The technical basis of Brandt’s analysis is the so-called double-bottom base. This base, which has been sustained for the past year, points to a possible change from a bearish to a positive direction. ADA lately exceeded its local high of $0.81, a crucial level now used as a support zone. For traders, this is a very important sign of resilience. Brandt is of the opinion that this pattern establishes the foundation for a consistent upward trajectory. He observes that the cryptocurrency is currently consolidating above $1.10, a level that has previously served as resistance. Converting this into support could establish the beginning of substantial price increases. Alt season???? Make no doubt about it, Cardano $ADAUSD has bottomed for a grand bull market Blue check mark only so no rude trolls pic.twitter.com/Xn33Twot47 — Peter Brandt (@PeterLBrandt) January 16, 2025 Momentum Of The Present Market ADA is currently trading at $1.13, with an intraday high of $1.14 and a low of $1.03 as of January 17, 2025. Although these figures may appear modest, they are in close alignment with Brandt’s optimistic expectation. The incremental price pattern is indicative of the underlying market confidence for those who are closely monitoring the altcoin’s trajectory. The overall sentiment of the cryptocurrency market has a role as well. As talk of an “altcoin season” heats up, interest in alternative digital assets like ADA grows. This market-wide confidence frequently leads to larger price volatility for individual cryptocurrencies. This focus on support and resistance zones underscores the importance of technical analysis in understanding cryptocurrency trends. Brandt’s emphasis on these levels adds a layer of credibility to his bullish forecast. Breaking Resistance Levels Cardano’s ability to convert resistance levels into support has been a key driver in its price movement. The first step was to exceed $0.81. The next issue is keeping the price over $1.10. If this level is maintained in the coming months, ADA may set more ambitious goals. Broader Implications For ADA The recognition of the double-bottom base by Peter Brandt implies Cardano has a bright future. Given the altcoin is consolidating above important levels and the larger market is in a positive state. ADA might be preparing for a major bull run. Still, investors should exercise great caution and be informed as the state of the market is erratic. Related Reading: Expert Sees Bitcoin Dipping To $50K While Bullish Momentum Persists Cardano (ADA) Price Growth Catalyst Meanwhile, a potential catalyst for Cardano’s price ascent is the approval of exchange-traded funds by the US Securities and Exchange Commission. Polymarket traders anticipate that the SEC will give the green light to several XRP and Solana ETFs. According to analysts, billions of dollars will flow into these funds once the approval is given. Featured image from Paleothea, chart from TradingView
Cardano is at a pivotal moment, striving to hold the $1 mark as a key support level to sustain its upward momentum. The altcoin has experienced significant volatility in recent trading sessions, with a dramatic 15% drop followed by an impressive recovery of over 20% within just 24 hours. This rapid price action has brought renewed attention to ADA, as investors assess its potential for further gains. Related Reading: Solana Reclaims Key Levels Amid Market Volatility – Reclaim $210 And New Highs Are Next Top analyst Ali Martinez has shared crucial insights, revealing that whales have accumulated 100 million Cardano (ADA) in the past 48 hours. This significant buying activity by large holders underscores growing confidence in ADA’s long-term potential and its ability to maintain its bullish trajectory. Cardano’s attempts to establish stability above $1, a psychological and technical level that could act as a springboard for further rallies. Investors are closely watching this level, as holding it as support could signify a strong foundation for ADA to challenge higher resistance zones. Cardano Finds Strength To Rise After a recent sharp drop, Cardano (ADA) is showing resilience, finding the strength to rise and eyeing a push above last year’s high of $1.32. This recovery has sparked optimism among analysts and investors, many of whom are calling for a significant rally. Cardano is increasingly viewed as a strong contender to become a market leader, driven by its robust development ecosystem and expanding use cases. Top analyst Ali Martinez has shared compelling data highlighting growing interest from smart money investors. Posting on X, Martinez revealed a chart showing that whales have accumulated 100 million ADA over the past 48 hours. This substantial purchase underscores confidence among large holders that current price levels present a valuable buying opportunity, setting the stage for further upward momentum. This surge in whale activity aligns with broader expectations for Cardano to capitalize on its technological advantages and potential as a leader in the blockchain space. The cryptocurrency’s ability to attract significant capital from institutional and high-net-worth investors reinforces its potential to outperform in the coming months. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ Cardano’s next challenge will be reclaiming key resistance at $1.32. Successfully breaking this level would likely trigger a substantial rally, potentially propelling ADA into a new bullish phase. The coming days will be pivotal in determining whether Cardano can sustain this momentum and fulfill its promise of becoming a market frontrunner. ADA Bulls Eye Key Levels Cardano (ADA) is currently trading at $1 after briefly reaching $1.05 earlier in the session. The price is consolidating and seeking support at the psychologically significant $1 level. If this key support holds, the next target for ADA is $1.15, a resistance level that could open the doors to further gains. Market sentiment around ADA remains cautiously optimistic. As a result, holding the $1 mark would signal strong demand and set the stage for a potential surge as bullish momentum builds. A breakout above $1.15 could lead to an extended rally, potentially revisiting previous highs and entering a new bullish phase. However, losing the $1 support would suggest that demand is faltering. In this scenario, ADA could see a drop to its next major support level around $0.91, putting additional pressure on bulls to regain control. Related Reading: Ethereum Is Forming A 1-Hour Symmetrical Triangle – Bullish Breakout Or Deeper Correction? The coming days will be crucial for ADA as it tests its ability to sustain current levels. Therefore, traders and investors are closely watching for signs of strength or weakness that could dictate the altcoin’s short-term trajectory. Whether Cardano can maintain its footing above $1 will determine whether the recent recovery evolves into a sustained rally or another period of consolidation. Featured image from Dall-E, chart from TradingView
The Cardano price currently finds itself in a risky position, and technical analysis highlights the possibility of a significant price correction. The analysis, conducted on the 4-hour candlestick chart and shared on TradingView, points to a potential 15% decline for the Cardano price in light of a recent break below the Exponential Moving Averages (EMAs). Cardano Price […]
Cardano price started a fresh decline below the $0.9550 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.00 level. ADA price started a fresh decline from the $1.0350 zone. The price is trading near $0.950 and the 100-hourly simple moving average. There was a break above a short-term bearish trend line with resistance at $0.9560 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.00 resistance zone. Cardano Price Attempts Recovery Wave After struggling to stay above the $1.00 level, Cardano started a fresh decline like Bitcoin and Ethereum. ADA declined below the $0.9550 and $0.9500 support levels. It even spiked below $0.900. A low was formed at $0.8769 and the price is now attempting to recover. There was a move above the $0.9150 level. The price cleared the 23.6% Fib retracement level of the downward move from the $1.0354 swing high to the $0.8769 low. There was a break above a short-term bearish trend line with resistance at $0.9560 on the hourly chart of the ADA/USD pair. Cardano price is now trading below $0.9650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.9550 zone. It is near the 50% Fib retracement level of the downward move from the $1.0354 swing high to the $0.8769 low. The first resistance is near $0.9750. The next key resistance might be $1.00. If there is a close above the $1.00 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.050 region. Any more gains might call for a move toward $1.120 in the near term. Another Decline in ADA? If Cardano’s price fails to climb above the $0.9550 resistance level, it could start another decline. Immediate support on the downside is near the $0.9320 level. The next major support is near the $0.9150 level. A downside break below the $0.9150 level could open the doors for a test of $0.900. The next major support is near the $0.880 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 – $0.9150 and $0.9000. Major Resistance Levels – $0.9750 and $1.0000.
In a recent series of exchanges on X, Input Output Global (IOG) CEO and Cardano founder Charles Hoskinson addressed allegations surrounding the Cardano Foundation’s (CF) approach to stablecoin integrations, while also signaling fresh possibilities with Ripple’s RLUSD. The conversation drew attention to unresolved tensions between Hoskinson, the CF, and various members of the community, as […]
The altcoin market was on a red-hot streak the previous week, with large-cap assets like Cardano, Solana, and Dogecoin posting double-digit profits. However, the past week’s action has been a brutal opposite of the one preceding it, with the Cardano price declining recently by as much as it gained in the previous week. However, the cryptocurrency seems to be recovering nicely, with the ADA price now stabilizing above the $0.9 mark. The question, though, is — how soon could the Cardano price return above the psychological $1 level? Here’s How ADA Price Could Reclaim $1 Ali Martinez, a top crypto analyst on the social media platform X, has shared an exciting analysis of the price of Cardano in the short term. According to the popular pundit, the altcoin’s value could return to above the $1 mark over the next few days. Related Reading: Bitcoin Price Unravels 157-Day Fractal Similar To Last Cycle, Why A Surge To $169,000 Is Possible The rationale behind this bullish projection is the formation of a bull pennant pattern on the one-hour price chart. A bull pennant is a pattern used in technical analysis marked by a price jump (the flagpole) before a consolidation range with converging trend lines (the pennant), which is followed by a price breakout in the same direction as the initial flagpole. Typically, the bull pennant pattern serves as a continuation indicator, signaling the persistence of a price trend (usually the upward trend). The price target from the chart formation is derived by measuring and replicating the length of the initial flagpole at the end of the end of the consolidation range. As shown in the chart above, if the price of ADA successfully breaks out of the bull pennant formation, the altcoin could visit above the $1 mark again. This represents an impressive 10% surge from the current price point. Crossing above the $1 mark again might be the spark that the Cardano token needs to conjure a rally that would see it return to its all-time high price. As revealed in a recent article, recent historical patterns point to a potential rally to a new record-high price for the altcoin. Cardano Price At A Glance As of this writing, the price of ADA stands at around $0.9266, reflecting an almost 2% increase in the past day. However, this positive single-day performance did little to relieve the bleeding the altcoin has suffered in the past week. According to data from CoinGecko, the Cardano price is down by over 15% in the last seven days. Related Reading: SUI Defies Odds With A Sharp Rebound Above $4.9: New Highs Loom? Featured image from iStock, chart from TradingView
In his latest livestream titled “Cargo Cults and the Reality of Crypto,” Cardano founder Charles Hoskinson delivered an extensive monologue on what he perceives as the current state of digital assets, community behavior, and ongoing legal battles in the sector. The discussion delved into industry history, the fate of long-forgotten projects, and the sometimes-troubling culture […]
In a newly released video titled “The next steps for Hydra,” Cardano founder Charles Hoskinson outlined the trajectory of the Hydra scaling solution and provided insights into how independent companies will soon spearhead fresh developments in the ecosystem. The announcement comes shortly before the Hydra Doom initiative’s official conclusion, which will be marked by a […]
Cardano (ADA) started the year recovering the key $1 support zone, which has propelled its price to weekly highs. The bullish momentum has attracted whales, while some crypto analysts believe that ADA’s rally is around the corner. Related Reading: Crypto Trader Makes $21 Million From AI Agent Token As Sectors Faces Backlash Cardano Whales Fill Their Bags In November, Cardano surged to the $1 mark for the first time in over two years, leading the crypto market after the post-election rally. However, the cryptocurrency faced one of its largest one-day retraces amid the December corrections, losing key support and dropping below $0.8. Cardano whales took advantage of the end-of-year pullback, acquiring 160 million ADA at a discount. Despite large investors betting on ADA, some market watchers pointed out that market sentiment surrounding the cryptocurrency had turned bearish. However, ADA has experienced the New Year rally, increasing 27% in the past week, fueled by the market’s recovery and Bitcoin’s jump to the $100,000 mark. Cardano surged from its $0.84-$0.90 price range as the new year started, reclaiming the $1 mark by January 3. Since then, the cryptocurrency has moved within the $1.05-$1.11 range, recovering its levels before the December corrections. Crypto analyst Ali Martinez noted that Cardano whales have been loading their bag again, with over 10 million ADA in the last 24 hours, potentially signaling strong sentiment from large-scale investors on the cryptocurrency. Similarly, whales bought over 40 million ADA in 48 hours as Cardano’s price surged past $1. ADA Attempts Breakout As Bitcoin (BTC) held above $100,000 again, ADA’s price attempted to break from a short-term bullish pattern. According to Cardano trader Sebastian, the cryptocurrency tried breaking out of a bullish pennant after hitting the $1.15 resistance level on Tuesday morning. Moreover, Sebastian noted that ADA was “trying to flip a very important resistance area into support on the ADA/BTC chart.” Per the chart, this horizontal level was a key resistance level that led to the early 2024 highs after being turned into support. “A breakout to the upside from here could really send ADA to the bull market doors,” the investor noted. Crypto analyst Dan Gambardello, founder of Crypto Capital Venture, shared a bullish outlook for Cardano’s future price action after Grayscale added the cryptocurrency to its Digital Large Cap Fund (GDLC). As reported by NewsBTC, Grayscale liquidated all its ADA holdings from GDLC in April, which accounted for 1.62% of the fund’s portfolio. This move saw Cardano’s price drop by 12% and received heavy criticism for its “lacking” performance. After yesterday’s news, Gambardello claimed that “the ADA wave is coming.” Related Reading: Shiba Inu Builds Momentum: ‘Monster’ Price Move Coming—Analyst Nonetheless, Cardano’s rally has been momentarily halted as BTC’s latest price drop dragged ADA and the rest of the market down. Bitcoin just saw a sharp 4% drop to the $97,000 support zone, sending ADA 8% down. The cryptocurrency dipped from the $1.11 mark to the $1.02 range before recovering. Despite the drop, Cardano remains above the key support zone and above December correction levels, showing green numbers in most mid and long-term timeframes. As of this writing, ADA is trading at $1.03, a 5.8% decrease in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com