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Crypto analyst Scrambler has drawn attention to a bullish pattern that is forming for the Cardano price, which could lead to a massive breakout for the altcoin. The analyst noted that ADA might be repeating, with market conditions mirroring the ones that led to an all-time high (ATH).  Cardano Prices Eyes 285% Rally To New Highs In a TradingView post, Scrambler predicted that the Cardano price could soon record a 285% rally to reach $2.05. He noted that the 285% potential move mirrors ADA’s past rally from similar conditions. The analyst added that if market sentiment continues improving and the Bitcoin price holds above key levels, then the altcoin might repeat history.  Related Reading: Cardano Price Shows Seller Exhaustion Above $0.57 — Bullish Divergence Signals Rally Further commenting on the Cardano price action, Scrambler stated that ADA is showing a major breakout from a long-standing descending channel on the daily timeframe. He highlighted the structure, alluding to a downtrend channel that has been respected for around seven months. He also noted that a breakout has been confirmed with a strong bullish daily candle. Meanwhile, price is hovering around $0.7192, above previous resistance.  Scrambler stated that the support levels for the Cardano price are $0.60 and $0.5299. The resistance and long-term targets are $0.8158, $1.0876, $1.3159, and $1.8958. Meanwhile, the ultimate target is the Fibonacci extension above $2.76. The analyst stated that a pullback to between $0.60 and $0.66 could offer re-entry opportunities.  Regardless of what happens to the Cardano price in the short term, Scrambler remains bullish in the long term and expects ADA to reach new highs. The analyst also advised market participants to watch for the BTC/ETH correlation. It is worth noting that ADA has shown impressive strength amid this recent crypto market rally. The altcoin has risen by over 25% in the last seven days, despite a recent pullback.  ADA To Breakout Against Its BTC Pair In an X post, crypto analyst Sebastian stated that the ADA/BTC chart appears to be ready for a breakout. The analyst added that this is the most important breakout that market participants want to see, with the Cardano price separating itself from the Bitcoin price. Once that happens, the altcoin is likely to outperform the flagship crypto during that period.  Related Reading: Cardano Founder Announces $100 Million Bitcoin Buy In Shocking Move To Prop Up ADA Price Sebastian had earlier noted how Bitcoin’s dominance could be breaking down. Based on this, he remarked that alcoins like Cardano are about to rally if this happens. A break in Bitcoin’s dominance could usher in altcoin season, which is bullish for the Cardano price. In the meantime, ADA’s performance still hinges on BTC’s performance.  At the time of writing, the Cardano price is trading at around $0.72, down almost 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Cardano has been one of the best performing assets on low timeframes. The top cryptocurrency is hinting at further profits, as the Bitcoin price crosses a new all time high and the much awaited altcoin season approaches. Related Reading: Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading At the time of writing, Cardano trades at $0.74 with a 18% profit over the past 24 hours. On higher timeframes, the cryptocurrency records a 28% profit followed by XRP’s 20% gains over the same period. ADA's price trends to the upside on the daily chart. Source: ADAUSD on Tradingview  Analyst Says Cardano Will Replicate a Historical Bull Run Unlike Ethereum and XRP, the Cardano price has been more consistent with its past performance. In that sense, analyst Ali Martinez pointed to the formation of a bullish pattern for ADA that could propel the digital asset above the critical level around $1. The analyst claims that the $0.55 support for Cardano has been a key support on high timeframes. The last time the cryptocurrency dropped to this level in April this year, as seen on the chart below, ADA was able to rise to over 55% and touched the $0.85 mark. ‘It’s happening again’ said Martinez while pointing at the bullish momentum driving Cardano since it touched the bottom of this parallel channel. If the cryptocurrency can sustain this drive, it is likely to touch its May highs before meeting critical resistance. ADA price trends to the upside after touching a critical support level, aiming for $0.82. Source: Ali Martinez via X ADA Could Trend Even Higher, Bullish Price Targets A separate analyst also took note of the Cardano price action and the way it seems to be mirroring past patterns. The analyst claims that Cardano is entering a critical breakout zone. However, unlike Martinez, the analyst is more bullish and believes the ADA price might rally as much as 212% over the coming weeks. The analyst placed a bullish price target for the Cardano price at around $1.7. Related Reading: Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape The analyst stated the following while sharing the chart below: $ADA is now testing the 50-week EMA. The last 2 times it crossed this line, it went up 212% and 128%. If history repeats, we will be looking at $1.77 $ADA. Are you ready for the pump? Cardano price to enter the $1 area over the next few weeks. Source: MinswapIntern via X In the long term, the analyst expects to see ADA hit $5 driven by its recent announcements, including a partnership with Tx Pipe to accelerate developer growth in Argentina that is set to benefit the Cardano ecosystem. On this partnership, Charles Hoskinson, CEO of IO, said: Their team represents the best of what Argentina’s developer community has to offer, and together we are building a foundation for long-term ecosystem growth. Our collaboration also fulfills the broader vision of making IO Buenos Aires a crypto hub. Cover image from ChatGPT, ADAUSD chart from Tradingview

Cardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move above the $0.5925 zone. ADA price started a fresh increase from the $0.5650 support zone. The price is trading above $0.5750 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.5760 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh increase it clears the $0.600 zone. Cardano Price Eyes Upside Break In the past few sessions, Cardano saw a decent upward move from the $0.5650 zone, like Bitcoin and Ethereum. ADA was able to recover above the $0.5750 and $0.580 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.6107 swing high to the $0.5630 low. Besides, there was a break above a key bearish trend line with resistance at $0.5760 on the hourly chart of the ADA/USD pair. Cardano price is now trading above $0.5750 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.5925 zone. It is close to the 61.8% Fib retracement level of the downward move from the $0.6107 swing high to the $0.5630 low. The first resistance is near $0.60. The next key resistance might be $0.620. If there is a close above the $0.620 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.650 region. Any more gains might call for a move toward $0.6650 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.5920 resistance level, it could start another decline. Immediate support on the downside is near the $0.5850 level and the 100 hourly SMA. The next major support is near the $0.5650 level. A downside break below the $0.5650 level could open the doors for a test of $0.5450. The next major support is near the $0.5320 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 – $0.5850 and $0.5650. Major Resistance Levels – $0.5920 and $0.6000.

Cardano price started a fresh decline from the $0.590 zone. ADA is now consolidating and might attempt a fresh increase above the $0.5820 zone. ADA price started a fresh decline below $0.5820 and $0.5750. The price is trading above $0.560 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.5640 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh decline if it dips below the $0.5560 support zone. Cardano Price Fails To Extend Gains In the past few sessions, Cardano saw a fresh decline from the $0.590 zone, unlike Bitcoin and Ethereum. ADA declined below the $0.580 level and trimmed most gains. The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.5567 swing low to the $0.5902 high. The price even spiked below the $0.570 support but stayed above $0.5650. There is also a key bullish trend line forming with support at $0.5640 on the hourly chart of the ADA/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.5567 swing low to the $0.5902 high. Cardano price is now trading above $0.5650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.5735 zone. The first resistance is near $0.5820. The next key resistance might be $0.590. If there is a close above the $0.590 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.620 region. Any more gains might call for a move toward $0.6350 in the near term. More Losses In ADA? If Cardano’s price fails to climb above the $0.5820 resistance level, it could start another decline. Immediate support on the downside is near the $0.5640 level and the trend line. The next major support is near the $0.5460 level. A downside break below the $0.5460 level could open the doors for a test of $0.5250. The next major support is near the $0.510 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 – $0.5640 and $0.5460. Major Resistance Levels – $0.5735 and $0.5820.

Cardano is making moves to become a hub for Bitcoin DeFi. According to Cardano founder Charles Hoskinson, the network has rolled out a string of upgrades, yet it still needs a strong message to win over users and investors. He argues that without a clear voice steering the story, those technical gains risk getting lost in the noise. Related Reading: The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength Network Champions New Features Cardano’s team has added Leios, a new smart contract framework, and Hydra, a layer‑2 scaling solution that promises faster transactions. They’ve also launched the Midnight Glacier Drop, which aims to boost data privacy for on‑chain applications. Based on reports, Minswap—the largest decentralized exchange on Cardano—is preparing to support Bitcoin, with plans to tap into a $2 trillion liquidity pool. At the same time, Lace Wallet is gaining traction among everyday users, and USDM, a stablecoin backed by dollar reserves, is picking up steam. We got Leios, Hydra, Midnight, and Bitcoin DeFi alongside governance, security and decentralization. Bitcoin DeFi is indeed the largest opportunity, but the single biggest issue is that we are missing a competent Foundation and executive authority to push these narratives into… https://t.co/t3j4ULTTe8 — Charles Hoskinson (@IOHK_Charles) June 29, 2025 Hoskinson Points To Executive Gap Despite those wins, Hoskinson says Cardano is missing a “competent Foundation and executive authority” to shape market views. He’s taken to X to share his concerns, but some in the community have pushed back hard. A few podcasters and thought leaders have labeled Cardano a “dying chain.” Hoskinson admits that stepping into the narrative has drawn plenty of criticism—yet he feels it’s needed if Cardano is to claim its place in Bitcoin‑based finance. Input Output Global’s Role Input Output Global (IOG), Hoskinson’s company, will keep guiding Cardano as its core coordinator. He warns this work comes at a cost: “It’s been brutal and expensive this year,” he said, referring to waves of negative comments and legal threats. He adds that it’s “dehumanizing” to be blamed for every hiccup on the network while not getting credit for the wins. Related Reading: Crypto Bombshell: Developer Claims XRP Could Hit $20,000 Rare Evo Conference In Focus Looking ahead, Hoskinson is counting on Rare Evo, a crypto conference, to reset the conversation. He believes the community will use that event to settle governance questions and update Cardano’s constitution with delegated executive powers. There’s even talk of a sovereign wealth fund to back Bitcoin DeFi on the chain. Built on top of Bitcoin, Bitcoin DeFi (BTCFi) is a network of decentralized financial applications. Last year, Hoskinson pushed a plan to convert $100 million worth of ADA into stablecoin liquidity. That idea sparked fierce debate. Now, he hopes Rare Evo will help turn bold ideas into solid support. Cardano’s path forward may hinge on blending strong tech work with a clear, unified story. As Bitcoin DeFi edges closer, the project that can tell the best story might win the most attention—and the most funds. Featured image from Unsplash, chart from TradingView

Cardano price started a fresh decline below the $0.5750 zone. ADA is now consolidating and might struggle to stay above the $0.550 support. ADA price started a fresh decline below $0.580 and $0.5750. The price is trading below $0.570 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.570 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh decline if it dips below the $0.550 support zone. Cardano Price Dips Again In the past few sessions, Cardano saw a fresh decline below the $0.580, unlike Bitcoin and Ethereum. ADA even declined below the $0.5750 level to enter a bearish zone. The bears even pushed the price below the 23.6% Fib retracement level of the upward move from the $0.5102 swing low to the $0.5938 high. The price even spiked below the $0.5520 support. There is also a key bearish trend line forming with resistance at $0.570 on the hourly chart of the ADA/USD pair. Cardano price is now trading below $0.570 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.570 zone. The first resistance is near $0.5850. The next key resistance might be $0.5920. If there is a close above the $0.5920 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.620 region. Any more gains might call for a move toward $0.6350 in the near term. Another Drop In ADA? If Cardano’s price fails to climb above the $0.5850 resistance level, it could start another decline. Immediate support on the downside is near the $0.5520 level and the 50% Fib retracement level of the upward move from the $0.5102 swing low to the $0.5938 high. The next major support is near the $0.530 level. A downside break below the $0.530 level could open the doors for a test of $0.5120. The next major support is near the $0.50 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 – $0.5520 and $0.5300. Major Resistance Levels – $0.5850 and $0.6000.

Cardano price started a fresh decline below the $0.680 zone. ADA is now consolidating and might struggle to stay above the $0.620 support. ADA price started a fresh decline below $0.70 and $0.680. The price is trading below $0.680 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.630 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh decline if it dips below the $0.620 support zone. Cardano Price Dips Further In the past few days, Cardano saw a fresh decline below the $0.720, unlike Bitcoin and Ethereum. ADA even declined below the $0.70 level to enter a bearish zone. The bears even pushed the price below the $0.680 level. A low was formed at $0.6134 and the price recently corrected some losses. There was a move above the $0.620 and $0.6350 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.7311 swing high to the $0.6134 low. However, the bears remained active near $0.6560. Cardano price is now trading above $0.620 and the 100-hourly simple moving average. Besides, there is a key bullish trend line forming with support at $0.630 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.650 zone. The first resistance is near $0.6560. The next key resistance might be $0.6720. It is close to the 50% Fib retracement level of the downward move from the $0.7311 swing high to the $0.6134 low. If there is a close above the $0.6720 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.70 region. Any more gains might call for a move toward $0.7350 in the near term. Another Drop In ADA? If Cardano’s price fails to climb above the $0.6720 resistance level, it could start another decline. Immediate support on the downside is near the $0.630 level. The next major support is near the $0.620 level. A downside break below the $0.620 level could open the doors for a test of $0.60. The next major support is near the $0.5650 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 – $0.630 and $0.620. Major Resistance Levels – $0.6560 and $0.6720.

Cardano price started a fresh decline below the $0.70 zone. ADA is now consolidating and might aim decline further below the $0.650 zone. ADA price started a fresh decline below $0.720 and $0.700. The price is trading below $0.70 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $0.6840 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh decline if it dips below the $0.650 support zone. Cardano Price Dips Further In the past few days, Cardano saw a fresh decline below the $0.750, unlike Bitcoin and Ethereum. ADA even declined below the $0.70 level to enter a bearish zone. Besides, there was a break below a bullish trend line with support at $0.6840 on the hourly chart of the ADA/USD pair. The bears even pushed the price below the $0.70 level. A low was formed at $0.6626 and the price is now consolidating losses. Cardano price is now trading below $0.70 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.6720 zone. It is near the 23.6% Fib retracement level of the recent decline from the $0.7026 swing high to the $0.6626 low. The first resistance is near $0.6825 or the 50% Fib retracement level of the recent decline from the $0.7026 swing high to the $0.6626 low. The next key resistance might be $0.6920. If there is a close above the $0.6920 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.7350 region. Any more gains might call for a move toward $0.750 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.6825 resistance level, it could start another decline. Immediate support on the downside is near the $0.6625 level. The next major support is near the $0.650 level. A downside break below the $0.650 level could open the doors for a test of $0.620. The next major support is near the $0.60 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 – $0.650 and $0.620. Major Resistance Levels – $0.6825 and $0.700.

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.

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

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.

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.

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 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.

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

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

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

Cardano price started a fresh decline from the $0.680 zone. ADA is consolidating near $0.620 and remains at risk of more losses. ADA price started a recovery wave from the $0.5850 zone. The price is trading below $0.640 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.640 resistance zone. Cardano Price Faces Resistance In the past few sessions, Cardano saw a fresh decline from the $0.680 level, like Bitcoin and Ethereum. ADA declined below the $0.650 and $0.640 support levels. A low was formed at $0.6040 and the price is now consolidating losses. There was a minor move above the $0.6120 level. The price tested the 23.6% Fib retracement level of the recent decline from the $0.6481 swing high to the $0.6040 low. Cardano price is now trading below $0.640 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.6260 zone and the 50% Fib retracement level of the recent decline from the $0.6481 swing high to the $0.6040 low. The first resistance is near $0.6350. There is also a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the ADA/USD pair. The next key resistance might be $0.6480. If there is a close above the $0.6480 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.680 region. Any more gains might call for a move toward $0.70 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.6350 resistance level, it could start another decline. Immediate support on the downside is near the $0.6040 level. The next major support is near the $0.60 level. A downside break below the $0.60 level could open the doors for a test of $0.580. The next major support is near the $0.5550 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 – $0.6040 and $0.580. Major Resistance Levels – $0.6350 and $0.6480.

Cardano (ADA) is flashing early signs of a potential breakout, with its latest chart structure suggesting that the bulls may be preparing for a major upside move, Thomas Anderson’s analysis. After weathering recent market volatility, ADA has carved out a base of support and is beginning to show constructive price action marked by rising lows and increasing buying interest. This shift hints that momentum is gradually tilting back in favor of the bulls. As the market eyes a recovery, ADA’s setup places it in a favorable position to capitalize on renewed bullish sentiment. Should momentum continue building and resistance levels break, Cardano could be on the verge of unlocking a powerful rally that pushes it toward new highs in the sessions ahead. Breaking Down The Key Chart Patterns: Why Cardano Is Poised For Growth In a recent post on X, analyst Thomas Anderson highlighted that Cardano is currently consolidating within a descending triangle pattern on the 1-hour timeframe, a formation often associated with potential breakout scenarios. He noted that the price is hovering near the lower boundary of the triangle at approximately $0.6292, a level that has provided support in recent sessions. Related Reading: The Cardano Anomaly: ADA Quiet Now, But The Math Says Otherwise Adding to the cautious tone, Thomas stated that Cardano is still trading below the 200-period moving average. Anderson explained that the inability to break above this moving average shows that bulls are struggling to gain control in the short term. However, the proximity to support and resistance levels could set the stage for a major price reaction. He highlighted that the 4-hour chart shows Cardano attempting a recovery, forming higher lows, which suggests growing bullish momentum. However, ADA faces significant resistance at $0.6974 and the 200-period moving average, causing bearish pressure. What The Bulls Need To Break Through According to Thomas, the $0.6974 resistance level plays a crucial role in determining ADA’s next move. A successful breakout above this level could confirm Cardano’s bullish outlook. If the bulls manage to defend the lower support level and volume starts to increase, there’s a strong possibility that ADA might break out to the upside, pushing past the resistance and completing the pattern.  Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe On the other hand, should Cardano fail to maintain support at $0.6292, it would trigger a deeper correction, dragging the price toward lower support levels. The immediate focus would then shift to areas around $0.60 and $0.58, which are crucial for the continuation of the uptrend. Once these levels are breached, it could signal a shift in market sentiment. Featured image from iStock, chart from Tradingview.com

Cardano (ADA) is slowly but steadily catching the attention of market watchers as it begins to reclaim upward momentum. After a stretch of sideways movement and bearish pressure that left the altcoin range-bound, ADA is now displaying signs of revival.  The current price action might not be explosive, but it carries the hallmarks of a market quietly building strength one step at a time. This growing momentum suggests that bulls are gradually returning to the scene with renewed confidence.  While caution remains across the broader crypto landscape, ADA’s calculated pace might actually be a sign of strength rather than weakness. Instead of rushing into overbought conditions, the altcoin is laying a solid foundation that could support a more durable rally. The Calm Setup For A Calculated Climb In a recent post on X, crypto analyst Gemxbt pointed out that Cardano exhibited a bullish structure, as the price trends steadily above 5, 10, and 20-hour moving averages. This alignment of short-term moving averages typically signals sustained buying pressure and growing bullish momentum in the market. It also suggests that the bulls are maintaining control in the short term, keeping Cardano on a steady upward path. Related Reading: Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone Gemxbt’s observation reinforces that ADA’s recent price action isn’t just a temporary spike but rather a sign of strengthening technical foundations. When prices remain consistently above multiple key moving averages, it often reflects increased trader confidence and a favorable environment for further upward movement. He further noted that a key resistance level lies around the $0.62 mark, which could act as a near-term hurdle for ADA’s price advance. On the downside, solid support has formed near the $0.56 level, providing a cushion against potential pullbacks. These levels are crucial in determining the next directional move, as a break above resistance could trigger further gains, while a fall below support might signal short-term weakness. Gemxbt also highlighted that the Moving Average Convergence Divergence (MACD) indicator is currently crossing above the signal line, which suggests growing buying interest. This crossover typically marks the beginning of a momentum shift in favor of the bulls, increasing the likelihood of continued price appreciation. Potential Breakout Possibilities: What To Watch For If Cardano continues its upward trajectory and successfully breaks above the $0.68 resistance level, it could open the door to more gains. The next key levels to watch are at $0.81 and $0.90, where the price may encounter additional selling pressure. A break above these levels would push ADA toward even higher targets, such as $1.17 and $1.58. Related Reading: Cardano (ADA) Rockets Over 60%, Crushing Bears in a Stunning Rally! However, if ADA fails to break through the $0.68 level and retreats, the first support to monitor would be around $0.56 to $0.52, which has historically acted as a strong floor. A drop below these levels could signal a shift in market sentiment and lead to a deeper pullback.  Featured image from iStock, chart from Tradingview.com

Cardano (ADA) has found itself once again caught in a downward current as bearish sentiment grips the broader crypto market. The ADA/USDT pair on Binance is now painting a structure that many crypto analysts interpret as a warning sign of deeper losses ahead. According to a recent technical analysis on the TradingView platform, Cardano may be heading toward the $0.40 region after briefly correcting to an important liquidity zone. Bearish Market Structure And Liquidity Retest For Cardano Technical analyst RLinda noted that Cardano is currently under intense bearish pressure, describing it as being in a defined bear market. The analysis was made on the TradingView platform based on ADA/USDT price action on the 4-hour candlestick timeframe since early March. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Notably, the chart shows that ADA traded within a period of sideways consolidation between March 11 and May 6, only to eventually initiate a pullback in what appears to be a classic liquidity retest move. This corrective move has now brought into focus the previously broken support zone around $0.63, which is now acting as resistance. RLinda highlights that this resistance level, combined with the 0.5 Fibonacci retracement zone, marks the upper boundary of what is now considered a selling zone. A retest of this support is, however, very possible, and the reaction here will determine if Cardano breaks down further. Breakdown Below $0.581 Could Open The Floodgates For ADA Cardano’s price structure within the 4-hour candlestick chart shows lower highs and increasingly weaker bounces since March 26, reinforcing the bearish outlook. Interestingly, RLinda’s chart outlines a key trigger level at $0.581. A further breakdown is expected should ADA fail to hold the $0.581 support level, which has already served as a confluence area multiple times this cycle.  Related Reading: XRP, Cardano Command Inflows Amid Market Wide Selling – Here Are The Numbers The next key support lies at $0.5092, but this level is not expected to provide significant strength. If this zone is breached, the analyst warns of a potential plunge into what she terms a “zone of emptiness,” where buying pressure might become non-existent. This emptiness of demand could send ADA plummeting further toward $0.4564, with an additional downside targeting $0.42 and potentially even $0.40. The analyst marks this area as the final destination for the current bearish phase unless broader market sentiment shifts dramatically.  Speaking of broader market sentiment, the crypto market was recently rocked by a surge in volatility triggered by conflicting reports about a supposed 90-day U.S. tariff suspension, but the White House quickly denied the rumour. The back-and-forth was enough to push the Bitcoin price down to $74,620 again by 9:30 EDT. Cardano’s price also dropped to $0.54 during the same time window. While ADA has since managed a mild recovery to the $0.5751 range, the bounce lacks conviction. The thin volume and absence of aggressive buying suggest the relief may be temporary and there are possibilities of more downside moves. Featured image from Adobe Stock, chart from Tradingview.com

Cardano price started a recovery wave above the $0.5680 zone. ADA is consolidating near $0.60 and remains at risk of more losses. ADA price started a recovery wave from the $0.510 zone. The price is trading below $0.620 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.60 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.60 resistance zone. Cardano Price Faces Resistance In the past few days, Cardano saw a fresh decline below the $0.60 level, like Bitcoin and Ethereum. ADA declined below the $0.550 and $0.540 support levels. A low was formed at $0.5106 and the price started a recovery wave. There was a move above the $0.540 and $0.5550 levels. The price cleared the 50% Fib retracement level of the recent decline from the $0.6712 swing high to the $0.5106 low. Cardano price is now trading below $0.620 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.60 zone. There is also a connecting bearish trend line forming with resistance at $0.60 on the hourly chart of the ADA/USD pair. The first resistance is near $0.610 or the 61.8% Fib retracement level of the recent decline from the $0.6712 swing high to the $0.5106 low. The next key resistance might be $0.6320. If there is a close above the $0.6320 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.680 region. Any more gains might call for a move toward $0.70 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.60 resistance level, it could start another decline. Immediate support on the downside is near the $0.5680 level. The next major support is near the $0.5550 level. A downside break below the $0.5550 level could open the doors for a test of $0.5320. The next major support is near the $0.50 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 above the 50 level. Major Support Levels – $0.5680 and $0.5550. Major Resistance Levels – $0.6000 and $0.6100.

Market prices of Cardano (ADA) increased by over 3% on Friday amid a general bullish wave in the crypto market. However, this minor uptick only follows the largely negative performance earlier seen in the week.  Notably, popular crypto analyst Ali Martinez postulates the ninth-largest cryptocurrency could still experience steeper market losses if certain technical support fails to hold. Related Reading: Shiba Inu’s Shibarium Marks 1 Billion Transactions Milestone, But Why Is SHIB Price Still Struggling? Cardano Critical Support Break Could Lead To 36% Decline In a recent post on X, Martinez shares a cautionary insight on the current ADA market structure hinting at a potential price fall. Based on the Fibonacci retracement levels, Martinez’s analysis indicates that Cardano still trades near a vital support zone despite recent gains. The Fibonacci retracement levels are horizontal lines commonly used to identify potential support and resistance zones. They are based on the Fibonacci sequence and are widely used in anticipating a price fall, gain, consolidation, or reversal. Looking at the chart below, ADA currently trades at $0.66 which is just above the 50% Fibonacci retracement level at $0.63 – a price zone that has acted as a resilient support level in recent weeks. Ali Martinez warns a daily close below $0.63 would signal a bearish shift in market control at this level paving the way for a further decline.  In this case, Cardano could fall to test the next significant support at the 61.8% Fibonacci retracement level around $0.53. If the selling pressure prevails at this zone, ADA prices could potentially slide to $0.42 representing the 78.6% Fibonacci retracement level. Related Reading: Chainlink Whales Dump Over 170 Million LINK In Three Weeks – Selling Pressure Ahead? What Next For ADA? Cardano has struggled to maintain a prolonged bullish form after reaching a local peak of $1.30 in early December 2024. Since then, ADA prices have been in a corrective phase alongside the broader crypto market.  For ADA bulls, defending the $0.63 price level is crucial to sustaining any valid bullish outlook. However, a successful price reclaim of the $0.78-$0.80 price zone would signal an impending price rally and market rebound for the altcoin.  At the time of writing, Cardano trades at $0.66 as earlier stated. Amid recent gains, ADA is down by 5.00% on its weekly chart and 33.58% on its monthly chart reflecting a domineering bearish influence in recent weeks. Meanwhile, daily trading volume has gained by 19.56% in the past 24 hours indicating a rise in market interest. This development suggests the recent price rally might be sustainable due to a strong conviction among buyers. Featured image from CoinCentral, chart from Tradingview

After weeks of constrained price action and consistently lower highs, Cardano (ADA) appears to have finally broken free from its bearish grip. A recent analysis by crypto trader TehThomas on the TradingView platform confirms that ADA has broken out on the 4-hour chart, which may be marking the beginning of a more significant trend reversal.  ADA Breakout Reshapes Market Structure After Downtrend Cardano, like the rest of the crypto market, experienced a bearish trend in March. This bearishness was so intense that it saw the altcoin go from hoping to break above $1 in the first few days of March to the bulls working to prevent a close below $0.65 at the end of the month. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe In terms of price action, the Cardano price held up better than most large market-cap cryptocurrencies throughout this decline. Interestingly, technical analysis shows that Cardano’s price action in the last week of March played out in a descending channel formation, as highlighted by crypto analyst TehThomas. According to the technical analysis, which examined Cardano’s price action on the 4-hour candlestick timeframe, the descending channel that confined Cardano’s price for the past several days was eventually breached in the first few days of April, allowing the asset to snap out of its minor corrective structure. Although limited to the 4-hour timeframe, this development could prove significant in shaping ADA’s trajectory through April. If the momentum holds, more traders may start positioning for a continuation toward higher resistance levels above $0.7 that was easily broken in recent weeks. Golden Pocket And Fair Value Gap Converge: Target Zones To Watch The next challenge lies in reaching a zone that combines two significant technical features: the golden pocket and a Fair Value Gap (FVG). The golden pocket, located between the 0.618 and 0.65 Fibonacci retracement levels, is commonly seen as a strong resistance zone, especially following a breakout. In the case of Cardano, TehThomas identified the golden pocket lying around $0.72. This level here could pose a resistance for any uptrend above $0.70. The $0.72 region is also highlighted by a Fair Value Gap (FVG), created by the quick price fall in March that left behind an unbalanced area on the chart. According to TehThomas, price tends to revisit these imbalances to “fill” them, making this confluence a magnet for short-term action. Related Reading: Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out Liquidity will likely be clustered here as well, meaning that Cardano could face some volatility as it approaches it. If bulls can break through this zone with conviction, it could open the path to above $0.7. However, if the price stalls or rejects, the cryptocurrency may pull back to retest the breakout point at $0.65 before attempting another push. Interestingly, this has been the case in the past 24 hours. Featured image from iStock, chart from Tradingview.com

Cardano price started a recovery wave above the $0.680 zone but failed. ADA is consolidating near $0.650 and remains at risk of more losses. ADA price failed to recover above the $0.70 resistance zone. The price is trading below $0.680 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.70 resistance zone. Cardano Price Dips Again In the past few days, Cardano saw a recovery wave from the $0.6350 zone, like Bitcoin and Ethereum. ADA was able to climb above the $0.680 and $0.6880 resistance levels. However, the bears were active above the $0.70 zone. A high was formed at $0.7090 and the price corrected most gains. There was a move below the $0.650 level. Besides, there was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair. A low was formed at $0.6356 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $0.7090 swing high to the $0.6356 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 $0.6720 zone or the 50% Fib retracement level of the recent decline from the $0.7090 swing high to the $0.6356 low. The first resistance is near $0.6950. The next key resistance might be $0.700. If there is a close above the $0.70 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.7420 region. Any more gains might call for a move toward $0.7650 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.6720 resistance level, it could start another decline. Immediate support on the downside is near the $0.6420 level. The next major support is near the $0.6350 level. A downside break below the $0.6350 level could open the doors for a test of $0.620. The next major support is near the $0.60 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 – $0.6420 and $0.6350. Major Resistance Levels – $0.6720 and $0.7000.

The crypto market spent most of March on a steady downtrend. Cryptocurrency prices across the board struggled on a downfall as investor caution and a lack of momentum suppressed the bullish narrative that dominated January and early February. With April just beginning, attention has turned to what lies ahead.  Technical indicators are pointing to both uptrends and downtrends, but a major conversation is taking shape off the charts that could reset the trajectory of the entire crypto space. According to Cardano founder Charles Hoskinson, there are two key regulatory developments that could mark a turning point for crypto adoption and open the door for billions of new users almost overnight. Hoskinson Predicts Tech Giants Will Adopt Cryptocurrency In a recent episode of the “The Wolf Of All Streets” podcast hosted by Scott Melker, Charles Hoskinson outlined a scenario where two bills currently being debated in the U.S. Senate, one on stablecoins and the other on market structure, could change the crypto industries. He argued that once these frameworks are passed, major tech companies like Apple, Facebook, Google, and Microsoft will have the legal clarity and infrastructure to integrate crypto wallets directly into their platforms. “Once those two bills pass, Apple, Microsoft, Google, Facebook, are going to say hey, we’re crypto people now,” Hoskinson said. These companies already possess the infrastructure to onboard new crypto users: massive user bases, global infrastructure, payment processing tools, and familiarity with digital wallets. Once regulations provide a clear path forward, these tech companies will easily allow their users to buy and sell cryptocurrencies without leaving their ecosystems. This move wouldn’t be a gradual progress but a sudden leap into mass adoption that would unlock access to a userbase of over 3 billion users around the world. The 3 Billion User Effect: What Will This Mean For The Crypto Industry? The stablecoin legislation, formally titled the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025, is a proposal aimed at establishing clear rules for how stablecoins are issued and backed. It also seeks to amend existing federal securities laws to clarify that payment stablecoins should not be treated as securities. Although the exact timeline for when the bill will be passed is uncertain, Charles Hoskinson believes it will be passed within the next 60 to 90 days. Once passed, the STABLE Act, alongside the market structure bill, will form the regulatory groundwork for widespread crypto adoption. On a basic level, it would allow major tech companies to integrate stablecoin payments into their platforms, letting users easily pay for services or products using stablecoins. On the higher end, these tech companies could eventually serve as intermediaries between users and crypto exchanges or even take on roles similar to exchanges themselves. A user base of 3 billion users will bring with it not only increased trading volume but also growth in use cases, liquidity, and investment interest. It would shift crypto from a smaller sector into mainstream financial infrastructure. Featured image from LinkedIn, chart from Tradingview.com

Cardano price started a recovery wave above the $0.720 zone. ADA is correcting some gains and might find bids near the $0.7380 zone. ADA price started a recovery wave from the $0.690 zone. The price is trading above $0.720 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.7385 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7550 resistance zone. Cardano Price Holds Support In the past few days, Cardano saw a recovery wave from the $0.690 zone, like Bitcoin and Ethereum. ADA was able to climb above the $0.720 and $0.7320 resistance levels. It even cleared the $0.750 resistance zone. A high was formed at $0.7661 and the price is now consolidating gains. There was a minor move below the $0.750 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.6918 swing low to the $0.7661 high. Cardano price is now trading above $0.720 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.7385 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.750 zone. The first resistance is near $0.7550. The next key resistance might be $0.7620. If there is a close above the $0.7620 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 $0.850 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.7550 resistance level, it could start another decline. Immediate support on the downside is near the $0.7380 level and the trend line. The next major support is near the $0.720 level or the 61.8% Fib retracement level of the upward move from the $0.6918 swing low to the $0.7661 high. A downside break below the $0.720 level could open the doors for a test of $0.690. The next major support is near the $0.6550 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 – $0.7380 and $0.7200. Major Resistance Levels – $0.7550 and $0.7620.