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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

An analyst has explained how Cardano is retesting the support line of a technical analysis (TA) pattern, losing which could spell a bearish outcome for the coin. Cardano Is Currently Trading Inside A Descending Channel In a new post on X, analyst Ali Martinez has talked about a pattern forming in the 3-day price of Cardano. The pattern in question is the Descending Channel from TA, which occurs when an asset observes consolidation toward a net downside between two parallel trendlines. The top line tracks successive lower highs in the price and the bottom one lower lows. When the cryptocurrency is inside the channel, it’s probable to encounter resistance at the former and support at the latter. Related Reading: Bitcoin Sharks & Whales Show Highest Growth Since Feb: Confidence Returning? In the scenario that either of these levels don’t hold up during a retest, the asset can witness a breakout in that direction. This means that a surge above the channel can be a bullish sign, while a fall under it a bearish one. Now, here is the chart shared by the analyst that shows the Descending Channel that the 3-day price of Cardano has been trading inside for the last few months: As is visible in the above graph, Cardano found a rebound near the bottom of the channel earlier in the month, although it didn’t actually go low enough to make a proper retest of it. Since the recovery, the 3-day price of the cryptocurrency has returned to the midway line of the channel, situated at around $0.63. During the last few months, the coin has interacted several times with this line, with the latest instance being last month. Back then, the asset initially found support at the level, but before long, the downtrend resumed and it fell below. With ADA once again retesting this line, it will be interesting to see what trend follows this time. Related Reading: Bitcoin Dominance: BTC’s MVRV Outpaces ETH’s For Record 812 Days If Cardano ends up losing the line and a decline takes place, then the asset’s next destination could be the $0.54 mark, according to Martinez. Such a drop would mean a decrease of almost 17% from the current spot price. Like the Descending Channel, there is also a pattern in TA known as the Ascending Channel. This one naturally occurs when the consolidation is toward the upside instead. As the analyst has pointed out in another X post, XRP has been trading inside such a channel in the short term. “XRP is trading within an ascending triangle, with key resistance at $2.22,” notes Martinez. “A breakout could spark a move toward $2.40.” ADA Price At the time of writing, Cardano is trading around $0.65, up around 20% in the last week. Featured image from Dall-E, Shutterstock.com, charts 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 is currently trading around a key daily demand zone, with bulls attempting to step in and stabilize price action after weeks of decline. The broader crypto market remains under pressure, driven by persistent macroeconomic instability and heightened global uncertainty. As financial markets continue to react to inflation fears, trade tensions, and erratic policy moves, altcoins like ADA have been hit especially hard. Related Reading: Chainlink Weekly Indicator Flashes Buy Signal – Can Bulls Hold $13.20 Support? Analysts are warning that the downtrend could continue, with little indication of a shift in sentiment in the near term. Many believe Cardano may follow the broader altcoin market, which has seen deep corrections across the board. Adding to the bearish outlook, on-chain data from Santiment reveals that whales offloaded nearly 200 million ADA throughout March. This significant sell-off by large holders has only added to the downward pressure, fueling concerns that more downside may be ahead if bulls fail to reclaim key levels. As Cardano trades near support, the next few sessions will be crucial. Whether bulls can defend this zone and push ADA higher — or if continued whale selling leads to further losses — remains to be seen in a market that’s showing few signs of stability. Cardano Struggles As Whale Selling Intensifies Cardano has seen a sharp decline, losing more than 45% of its value since March 3 amid a wave of selling pressure that has rocked the broader crypto market. As macroeconomic instability continues to drive uncertainty across financial markets, altcoins like ADA have taken the brunt of the damage. Now trading near a critical support zone, Cardano faces growing pressure from both retail sentiment and large-scale holders exiting their positions. Bulls are in a difficult position, needing to step in and defend current levels to avoid a steeper correction. If ADA fails to hold support, analysts warn that a drop toward the $0.50 mark is likely — a level not seen in months and one that could confirm a shift into a deeper bearish phase. Adding to the bearish outlook, top analyst Ali Martinez shared insights revealing that whales sold nearly 200 million ADA during March alone. This kind of large-scale selling from top holders typically signals fading confidence and adds further downside pressure to already struggling price action. With market sentiment still fragile, Cardano’s next move will likely depend on whether bulls can reclaim momentum — or if continued whale selling and macro fears drag the price lower. Holding current levels is essential to prevent ADA from sliding into even more critical territory in the days ahead. Related Reading: Dogecoin Holds Key Support: A Demand Spike Could Trigger A Rally Price Action Details: Bulls Defending Critical Demand Cardano (ADA) is currently trading at $0.68 after failing to hold the $0.75 level, signaling a continuation of bearish momentum. The recent drop also pushed ADA below the 200-day moving average (MA) and exponential moving average (EMA), both sitting around the $0.72 mark — critical indicators that have now flipped into resistance. This loss has further weakened the short-term structure, leaving bulls with limited options. The next key level to watch is $0.62. Bulls must defend this zone with conviction to prevent a deeper selloff and attempt to form a base for recovery. Reclaiming levels above $0.72 would be the first step in regaining control, but without immediate buying pressure, the outlook remains fragile. If Cardano fails to hold above $0.62, analysts warn that a sharp decline into the $0.57–$0.55 range could follow. This would mark a significant breakdown and could trigger panic selling, especially as overall market sentiment remains shaky. Related Reading: Ethereum Analyst Eyes $1,200-$1,300 Level As Potential Acquisition Zone – Details With ADA under pressure and technical levels breaking down, the coming days will be crucial. Bulls must act swiftly to reclaim lost ground, or risk watching Cardano slide further into lower demand zones. Featured image from Dall-E, chart from TradingView 

The Cardano price has been on a slow roll lately, falling out of its $0.7 – $0.8 range over the past week. However, a crypto analyst has emerged with a bullish projection, expecting the altcoin to recover in the coming days. How ADA Price Can Reclaim $0.77 In a video posted on the X platform, popular crypto analyst Ali Martinez shared an exciting analysis of the Cardano price, putting forward a short-term target for the altcoin. According to the online pundit, the ADA token is trading at a critical support level and could be on its way to $0.77 over the next few days. This bullish projection is based on the formation of a horizontal channel pattern for the ADA price on the 3-hour timeframe. This channel is characterized by two major boundaries with at least four contact points, including two connecting lows and two connecting swing highs. Related Reading: Ethereum Price Hits 300-Week MA For The Second Time Ever, Here’s What Happened In 2022 Typically, the upper boundary where the pivot highs form represents the resistance for the asset’s price while the lower channel trendline acts as the support cushion. A sell signal goes off when the asset’s price hits the top of the horizontal channel, while traders tend to buy when the price is at the channel’s lower boundary. According to Martinez, the Cardano price has fallen into a horizontal channel since mid-March, trading within the $0.69 – $0.77 range. As shown in the chart below, the price of ADA is hovering around the support cushion (the lower boundary) at the $0.69 level. Using the earlier logic, the Cardano token seems to be at a perfect buying spot, with the price currently at the channel’s lower trendline. Typically, when the asset’s price is at the bottom of the channel, it tends to bounce back toward the upper trendline. Martinez noted that if the $0.69 support level holds, the Cardano price could make a bullish run toward the $0.77 mark. This rebound toward the upper boundary would represent an over 12% move from the current price point. Cardano Price Overview As of this writing, the price of ADA stands at around $0.685, reflecting an over 2% decline in the past 24 hours. While the altcoin seemed to be recovering nicely early in the week, it has witnessed a deep retracement toward its March lows. According to data from CoinGecko, the Cardano price is down by nearly 4% in the past week. This sluggish weekly performance underscores the altcoin’s outlook over the past few months, with the ADA token seemingly moving farther away from the psychological $1 level. Related Reading: Bitcoin’s Rise Isn’t Random: Analyst Reveals What’s Really Fueling BTC Above $85K Featured image from iStock, chart from TradingView

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.

Cardano is showing signs of resilience after days of consolidation, holding firmly above the crucial $0.70 support level. Despite the broader market facing turbulence from ongoing macroeconomic uncertainty and heightened trade war fears, ADA has managed to maintain stability—offering hope to investors watching for a breakout. While Bitcoin and other altcoins have struggled under selling pressure, Cardano’s current structure could be setting the stage for a strong recovery rally. Related Reading: Investors Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours – Accumulation Trend? Bulls now face the task of reclaiming higher levels to confirm a bullish reversal and capitalize on this window of opportunity. According to top analyst Ali Martinez, Cardano has just flashed a buy signal on the TD Sequential indicator on the 4-hour chart—an early sign that momentum may shift in favor of the bulls. Historically, this technical pattern has been a reliable indicator for short- to mid-term price rebounds, especially during consolidation phases like the one ADA is currently experiencing. If this signal holds and buyers step in with strength, Cardano could soon challenge its next resistance zones and begin a new upward move. With sentiment across the market cautiously optimistic, ADA might be one of the first altcoins to lead the way in a broader recovery. TD Sequential Signal Sparks Hope For Cardano Cardano (ADA) has been standing out as one of the more resilient altcoins during a critical period of heightened selling pressure across the crypto market. While broader macroeconomic conditions—such as trade war fears and policy uncertainty—have pushed equities and crypto into volatile zones, ADA has managed to hold its ground above crucial support levels. This performance has caught the attention of investors and analysts who believe Cardano could lead the next leg up once the market finds its footing. Related Reading: XRP Active Addresses Hit Highest Level Since April 2023 – Will Price Follow? With the market beginning to form local lows and signs of a potential rebound emerging, sentiment is cautiously optimistic. Still, some experts warn that this could be a temporary pause in a larger corrective phase. The lack of clarity around global economic direction continues to cast a shadow over all risk assets, including crypto. For Cardano, however, a new technical development has sparked renewed hope. Martinez’s analysis on X reveals the TD Sequential indicator has just flashed a buy signal on ADA’s 4-hour chart. Historically, this signal is known for predicting potential reversals or short-term trend changes, especially during periods of consolidation. If the pattern plays out, Cardano could be preparing for a breakout move, positioning itself ahead of many other altcoins. A successful rebound would require ADA to reclaim higher resistance levels and confirm bullish momentum. But with a technical buy signal in place and market-wide signs of stabilization, the stage could be set for Cardano to initiate a recovery in the days ahead. ADA Struggles Below $0.73 Cardano (ADA) is currently trading at $0.71 after several days of struggling to reclaim the 200-day exponential moving average (EMA) near $0.73. Despite the resistance, ADA has held firmly above the 200-day simple moving average (MA) around $0.70, a level acting as key demand support in recent sessions. This tight range between the 200-day MA and EMA reflects growing pressure on bulls and bears as ADA approaches a critical decision point. For bulls to regain control and shift momentum in their favor, a decisive push above the $0.85 level is essential. Reclaiming this price zone would confirm a breakout from the current consolidation and potentially trigger a recovery rally toward higher resistance levels. Such a move would signal renewed bullish sentiment and open the door for ADA to revisit early 2024 highs. Related Reading: Ethereum Trades At A Critical Level – Major Reclaim Or Steep Drop Ahead? On the downside, failure to hold the $0.70 level could spell trouble. If ADA drops below this support, a sharp move toward $0.60—or even lower—could follow, especially amid broader market weakness. A break below $0.60 would mark a significant technical breakdown, potentially wiping out recent gains and resetting ADA’s bullish structure. As price action tightens, the next few days will be critical for determining Cardano’s short-term direction. Featured image from Dall-E, chart from TradingView 

Cardano (ADA)’s price continues to move sideways, holding its range for the past 10 days, while online sentiment grows. Some analysts suggest that a retest of the local resistance could be near if the cryptocurrency holds its crucial support zone. Related Reading: Crypto Sleuth Claims Mysterious $20M ‘Hyperliquid Whale’ Is Tied To Illicit Activity Cardano Holds Key Range Cardano has retraced 40% from its two-month high of $1.17, dropping to the $0.7 range over the past few weeks. ADA climbed 80% on March 2 after US President Donald Trump announced a “Crypto Strategic Reserve,” including the cryptocurrency, which sent the token to monthly highs. After its massive pump, the altcoin retraced to $0.9, holding this zone through the following days. However, the March 6 executive order establishing a Strategic Bitcoin Reserve and a “Digital Asset Stockpile” sent ADA below the crucial level. At the time, the White House’s Crypto Czar, David Sacks, clarified that the ADA and the other altcoins named were just used as a reference for the top cryptocurrencies in the market. Since then, Cardano has moved sideways, hovering between $0.68-$0.75. ADA dropped to $0.64 during the March 11 market crash before bouncing. Despite the ongoing price action, online sentiment has been positive towards ADA this week. On Tuesday, on-chain analytics firm Santiment pointed out that Cardano saw a highly positive sentiment on social media. The bullish sentiment was fueled by the Securities and Exchange Commission (SEC) classification of ADA’s use case as “smart contracts for government services.” The news “pushed bullishness to its highest rate in over 4 months,” the firm noted. Moreover, large-scale investors have also shown positive sentiment toward Cardano, with Whales purchasing around 190 million ADA tokens in the past 48 hours. ADA Breakout Or Breakdown Next? ADA has been in a downtrend since December 2024, when it hit its 3-year high of $1.32. The February market retraces sent the cryptocurrency’s price below several crucial support zones, with the token hovering between the $0.60-$0.80 price range. Analyst Sjuul from AltCryptoGems noted ADA has “a weird-looking chart, mainly due to the announcement of the strategic reserve.” As a result, Cardano’s most crucial support level is at $0.66, as it could send it to monthly lows. According to the analyst, “That level should hold; otherwise, all this recent price action will result in a distribution phase.” Previously, Sjuul affirmed Cardano’s chart displayed a Power of 3 in the making, signaling that the cryptocurrency was entering the third phase. This pattern divides the price cycle into three phases: accumulation, manipulation, and distribution. In the last phase, a strong price breakout occurs, with momentum building in the direction opposite to the manipulation. Based on this, if ADA lost the $0.66 mark, the token could see a significant price correction. Meanwhile, a pseudonym trader pointed out that the altcoin shows “a bullish reversal after breaking out of a falling wedge pattern.” Per the post, Cardano could enter a strong uptrend if it maintains its momentum. Related Reading: Bitcoin To Get ‘Interesting’ As Price Retests $85,000 – Here Are The Levels To Watch Nonetheless, ADA must “hold the current support levels and break above the local resistance for confirmation of further bullish continuation” to the $1.22 target. Analyst Ali Martinez noted that ADA trades within a right-angled descending wedge, with the upper trendline at $1.15. He suggested that a daily close above $1.15 would push ADA’s price to the $2 mark, not seen since 2021. Featured Image from Unsplash.com, Chart from TradingView.com

Altcoins and Cardano have been caught in extreme market swings, with high volatility and panic-driven sell-offs dominating price action. Since the start of March, ADA has lost over 44% of its value, reflecting the broader negative sentiment surrounding altcoins as investors remain uncertain about the market’s next move. Related Reading: Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation? The entire crypto market has been under heavy selling pressure, and altcoins like Cardano have been hit the hardest. With fear gripping traders, ADA has failed to reclaim key levels, leaving many wondering if further downside is ahead. However, some analysts believe that a recovery rally could be on the horizon. Crypto analyst Ali Martinez recently shared a technical analysis on X, revealing that Cardano is about to break free from a bullish pattern. If confirmed, this technical setup could trigger a strong move to the upside, providing much-needed relief for ADA holders. The next few days will be crucial, as ADA must hold its current range and confirm a breakout to shift market sentiment. If bulls take control, Cardano could see a swift recovery, but failure to do so may result in continued downward pressure. Traders are watching closely for signs of strength or further weakness. Cardano Holds Strong Amid Market Weakness Cardano has been overperforming compared to the broader market over the past week, showing relative stability despite ongoing selling pressure. While most altcoins have struggled to find support, ADA has held its ground, maintaining a stronger structure than many of its peers. Related Reading: Solana Forms Classic Cup-And-Handle Pattern – Analyst Predicts A Breakout To $3,800 However, price action remains range-bound, with Cardano trading within a pattern that began forming in November 2024. The lack of a decisive breakout has left investors cautious, as sentiment across the market remains fearful. With altcoins underperforming against Bitcoin, traders are waiting for confirmation before committing to long positions. Martinez’s technical analysis highlights that Cardano is approaching a key moment. His analysis suggests that ADA is on the verge of breaking out of a bullish triangle pattern, a setup that has been developing for months. If confirmed, this breakout could trigger a 15% price move, pushing ADA toward higher resistance zones. For now, bulls must hold current levels to sustain positive momentum. If ADA breaks out of this triangle pattern, it could mark the start of a strong recovery, potentially sending prices toward multi-year highs. However, failure to hold support could result in further downside pressure, making the next few days critical for ADA’s direction. ADA Bulls Must Reclaim $0.80 For A Recovery Cardano is currently trading at $0.73, with bulls attempting to hold the 200-day moving average (MA) and the exponential moving average (EMA) as support. The market remains under pressure, and ADA must stay above this level to prevent a deeper correction. For a confirmed recovery rally, ADA needs to break above the $0.80 mark, which would indicate renewed bullish momentum and potentially open the door for higher price targets. A successful reclaim of this level could shift sentiment, allowing bulls to build strength for a larger move upward. However, failure to hold above current levels could trigger increased selling pressure. If ADA loses the key $0.69 support, a strong drop toward the $0.58 level is likely. This would extend the current downtrend, making a short-term recovery more difficult. Related Reading: Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels? With market conditions still uncertain, the next few days will be crucial in determining whether ADA can stabilize or if further downside is ahead. Traders are watching key resistance and support levels closely, waiting for a decisive move before making their next decisions. Featured image from DALL-E, chart from TradingView

Cardano price started a fresh decline below the $0.720 zone. ADA is correcting some losses and might face resistance near the $0.7750 level. ADA price started a recovery wave from the $0.650 zone. The price is trading below $0.720 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7050 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 Hurdles In the past few days, Cardano saw a bearish wave below the $0.7750 level, like Bitcoin and Ethereum. ADA declined below the $0.750 and $0.720 support levels. Finally, it tested the $0.650 zone. A low was formed at $0.6495 and the price recently started a recovery wave. The price climbed above the $0.6950 and $0.70 level. The price even spiked above the 50% Fib retracement level of the downward move from the $0.8170 swing high to the $0.6495 low. Cardano price is now trading below $0.720 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $0.7050 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.7050 zone. The first resistance is near $0.7520 or the 61.8% Fib retracement level of the downward move from the $0.8170 swing high to the $0.6495 low. The next key resistance might be $0.7750. If there is a close above the $0.7750 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 $0.720 resistance level, it could start another decline. Immediate support on the downside is near the $0.6880 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 $0.6350. The next major support is near the $0.620 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 – $0.6880 and $0.6500. Major Resistance Levels – $0.7520 and $0.7750.

Cardano’s price action has shown signs of recovery after a recent dip, with the cryptocurrency bouncing from its lower support level. Over the past 24 hours, Cardano has gained close to 1%, reaching an intraday high of $0.7613. This small but notable rebound has drawn the attention of technical analysts, and an interesting analysis shows that the asset has been trading within a well-defined chart pattern for several months. Particularly, technical analysis of the Cardano/USDT daily timeframe chart shows that the cryptocurrency is trading within a triangle and could now be gearing up for a rally to $1.5. Triangle Formation Says Cardano Could Be Set For 100% Move A recent analysis on TradingView highlighted that Cardano has been trading within a triangle pattern on the daily timeframe since November 2024. The pattern is highlighted by a series of lower highs and higher lows, shaping a formation of converging lower and upper trendlines. The latest price decline saw Cardano drop from a high of $1.1747 before finding support at the lower boundary of the triangle at $0.647. Related Reading: Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated, Here’s The Target Going by the trend of its performance within the triangle within the past six months, the next move after this support is another rally towards the upper trendline. The recent push in the past 24 hours seems to reinforce the formation, as it potentially marks the start of a push toward the upper resistance level.  The key takeaway from this triangle formation is the potential for an explosive move once Cardano retests the upper trendline of this triangle again. According to the analyst, if Cardano’s price breaks above the upper trendline, it could cause a surge toward $1.5, representing a 100% rally from the current price level. Can ADA Hit $1.5? Resistance And Breakout Zone To Watch The triangle’s upper trendline is currently the most critical resistance level for Cardano’s price. Cardano has tested this resistance about three times since November, making any upcoming approach a pivotal moment for its price trajectory. If buyers gain enough momentum and push the price past this barrier, a rapid breakout could follow, potentially sending the asset toward the projected $1.5 target. However, another rejection is still possible here, especially considering the market has transitioned into a bearish sentiment in the past few days. Related Reading: Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out Market sentiment will significantly influence whether Cardano achieves the projected price target. The crypto market’s overall trend, especially Bitcoin’s movement, will affect how quickly Cardano can reach this level. Particularly, the rate at which Cardano approaches that upper trendline will determine if there’s enough power to break above the upper trendline.  At the time of writing, Cardano is trading at $0.7205, and there’s even a possibility of retesting the support trendline again in the next few hours. Featured image from iStock, chart from Tradingview.com

Cardano price started a fresh decline below the $0.75 zone. ADA is correcting some losses and might face resistance near the $0.750 level. ADA price started a recovery wave from the $0.650 zone. The price is trading below $0.750 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $0.720 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.750 resistance zone. Cardano Price Climbs Higher In the past few days, Cardano saw a bearish wave below the $0.80 level, like Bitcoin and Ethereum. ADA declined below the $0.750 and $0.70 support levels. Finally, it tested the $0.650 zone. A low was formed at $0.6495 and the price recently started a recovery wave. The price climbed above the $0.680 and $0.70 level. The price tested the 50% Fib retracement level of the downward move from the $0.8169 swing high to the $0.6495 low. There was a short-term bearish trend line forming with resistance at $0.720 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 $0.750 zone and the 61.8% Fib retracement level of the downward move from the $0.8169 swing high to the $0.6495 low. The first resistance is near $0.7750. 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 $0.950 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 $0.750 resistance level, it could start another decline. Immediate support on the downside is near the $0.7150 level. The next major support is near the $0.6880 level. A downside break below the $0.6880 level could open the doors for a test of $0.650. The next major support is near the $0.6320 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 – $0.7150 and $0.6880. Major Resistance Levels – $0.7500 and $0.7750.

Cardano (ADA) has faced massive volatility and extreme price swings, with panic spreading across the crypto market as altcoins continue to struggle. Over the past few days, ADA has dropped more than 28% since last Thursday, adding to the growing negative sentiment surrounding altcoins. As uncertainty grips the market, investors are closely watching whether Cardano can stabilize or if further downside is ahead. Related Reading: Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally? Despite the bearish sentiment, key insights suggest that Cardano could be preparing for a recovery rally. Top analyst Ali Martinez shared a technical analysis on X, revealing that ADA’s key support zone lies between $0.80 and $0.66. Holding above this level has been crucial for setting up a market rebound. If ADA can maintain support within this range, it could set the stage for a strong recovery, potentially leading to a renewed push toward higher resistance levels. With fragile market conditions, the coming days will be critical for Cardano’s next move. Traders are watching whether ADA can hold key levels or if continued selling pressure will drive prices lower. A successful defense of support could mark the beginning of a recovery, but failure to hold may signal further downside risk. Cardano Remains Stable: What To Expect? Cardano has been overperforming compared to the broader market over the past week, showing resilience amid ongoing selling pressure. While many altcoins have suffered significant declines, ADA has remained relatively stable, holding key support levels. However, price action is still confined to a range that first began forming in November 2024, preventing a clear breakout in either direction. Related Reading: Cardano Bulls Eye $10 Target – Analyst Reveals Key Levels To Break If bulls can defend the current levels, ADA could soon attempt a push above multi-year highs, potentially leading to a strong recovery rally. Despite its recent stability, analysts remain cautious, noting that prices remain low, and sentiment suggests that many investors are still fearful. The next few weeks will be crucial in determining whether Cardano can sustain its momentum or if further downside is ahead. Martinez’s technical analysis highlights that, when looking at the bigger picture, Cardano’s key support zone lies between $0.80 and $0.66. He noted that holding above this critical range would be essential in determining ADA’s next major move. If ADA remains within this zone and starts to gain momentum, it could set the stage for a significant breakout, fueling a move toward higher resistance levels. With market conditions still uncertain, traders are closely watching whether ADA can maintain its strength or if selling pressure will intensify. If bulls hold key support levels, Cardano could be one of the first altcoins to break out once market conditions stabilize. However, falling below the $0.66 mark would indicate further downside risk, potentially delaying any near-term recovery. ADA Price Action Details Cardano (ADA) is currently trading at $0.74, holding slightly above the 200-day Exponential Moving Average (EMA). This level has become a key support zone, and bulls must defend it to maintain a chance for recovery. If ADA holds above this mark and reclaims the $0.82 level in the coming days, it could signal renewed bullish momentum and set the stage for a push toward the $1 mark. This psychological resistance has historically played a crucial role in ADA’s price action, and flipping it into support would confirm a strong recovery trend. However, failing to hold current levels could expose ADA to massive selling pressure, increasing the risk of further downside moves. A break below the 200-day EMA would likely send ADA into lower demand zones around $0.60, reinforcing bearish sentiment. Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming? With Cardano at a pivotal moment, traders are watching closely to see whether bulls can sustain the current support or if another wave of selling will push prices lower. The next few trading sessions will be critical in determining ADA’s short-term direction and whether it can stage a meaningful recovery. Featured image from Dall-E, chart from TradingView

Cardano (ADA) has been caught in massive volatility and extreme price swings, making it one of the most unpredictable assets in the crypto market. Following US President Donald Trump’s announcement of a US Strategic Crypto Reserve, which included Cardano, ADA’s price skyrocketed over 80% in less than a day, fueling speculation about its long-term role in institutional adoption. Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming? However, the excitement was short-lived, as negative macroeconomic sentiment and fears surrounding global trade wars triggered a sharp 35% decline within just two days. As uncertainty grips the financial markets, traders remain cautious about whether ADA can regain momentum or if more downside is ahead. Despite the recent sell-off, top analyst Ali Martinez shared a technical analysis suggesting that Cardano remains positioned for a potential surge toward $10. According to his insights, bulls must reclaim key technical levels for a strong recovery, with ADA still showing bullish potential despite short-term weakness. With Cardano’s price action at a critical point, the coming days will be crucial in determining its next move. If bulls can stabilize ADA above key support, the potential for another explosive rally remains on the table. Cardano Could Start A Massive Move Cardano (ADA) has been overperforming compared to the broader crypto market over the past week, showing relative strength despite ongoing volatility. However, price action remains confined within a range that first began forming in November 2024, preventing a clear breakout in either direction. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst If bulls can hold the current levels, ADA could soon attempt a push above multi-year highs, setting the stage for a significant bullish move. However, analysts remain cautious as prices are still low, and investor sentiment remains fearful amid macroeconomic uncertainty and trade war tensions. Many traders are waiting for confirmation of a breakout, as momentum has yet to fully shift in favor of the bulls. Martinez’s technical analysis on X reveals that Cardano is still positioned for a potential surge toward $10. According to Martinez, for this bullish scenario to unfold, ADA must maintain support above $0.80 while successfully breaking through the key $1.20 resistance level. These price points serve as crucial pivot zones, and their validation or failure will likely determine Cardano’s short-term trend. The next trading sessions will be crucial, as a break above $1.20 could trigger a strong upward move, while failure to hold above $0.80 could lead to further downside risk. With ADA currently at a pivotal moment, traders are closely monitoring price action to gauge whether bulls can regain control or if continued consolidation is ahead. Price Action Details: Technical Analysis Cardano (ADA) is currently trading at $0.80 after failing to hold above the key $1 level. Despite recent strong performance compared to the broader market, ADA has struggled to maintain bullish momentum, leaving traders uncertain about its next move. For bulls to regain control, ADA must reclaim the $1 mark and push above the critical $1.17 resistance level. A break and hold above this zone could trigger a massive rally, potentially sending Cardano to multi-year highs. Such a move would signal renewed buying interest, boosting confidence among investors and traders who are watching ADA’s long-term potential. Related Reading: Solana Consolidates In A Wide Range – Big Move On The Horizon? However, failure to break above $1 and hold the crucial $0.80 support level could expose Cardano to further downside risk. A breakdown below $0.80 would likely send ADA into lower demand zones, extending its consolidation phase and delaying any significant recovery. Featured image from Dall-E, chart from TradingView

Cardano has seen massive volatility since last weekend after an explosive 80% price surge, fueled by President Trump’s announcement that ADA will be part of the U.S. Strategic Crypto Reserve. The news triggered a wave of buying activity, sending Cardano soaring as investors reacted to the unexpected endorsement. Related Reading: Ethereum Breaks Below Parallel Channel – Is ETH Collapsing To $1,250? However, the excitement was short-lived as ADA dropped over 35% in the following days, dragged down by a broader market meltdown. The sharp correction left traders questioning whether Cardano could sustain its momentum or if it would struggle alongside the rest of the crypto market. Despite the recent pullback, analysts and investors remain bullish, believing ADA is well-positioned for future gains once market conditions improve. Many expect Cardano to outperform in the next rally, especially given the strong accumulation trends seen among major players. On-chain data from Santiment reveals that whales accumulated over 420 million ADA following Trump’s announcement, indicating confidence in the asset’s long-term potential. This surge in whale activity suggests that institutional and high-net-worth investors are positioning themselves ahead of the next market move. Cardano Prepares For A Historic Rally Cardano is currently trading below crucial liquidity around $1 after days of massive volatility, struggling to maintain stability as selling pressure intensifies. Bulls are attempting to reclaim control, but the overall market remains uncertain, with extreme selling pressure keeping ADA from making a decisive move. Despite the recent decline, analysts are still calling for a breakout, though sentiment remains divided. The broader crypto market is in a state of uncertainty, with investors cautious about the next major move. Until Cardano can establish strong support and break through key resistance, traders remain on edge. However, on-chain data suggests growing optimism among major investors. Ali Martinez shared Santiment data on X, revealing that following President Trump’s announcement of the U.S. Strategic Crypto Reserve, whales accumulated over 420 million ADA. This signals confidence among high-net-worth investors who see long-term value in Cardano despite short-term volatility. Notably, this whale accumulation trend has been ongoing since late 2024, with large holders buying ADA whenever prices drop. This suggests that whales are strategically positioning themselves for future price action, expecting Cardano to perform well in the next market cycle. Related Reading: Litecoin Fails To Break Key Resistance Level Again – Can Bulls Hold Range Lows? The next few weeks will be crucial as market volatility intensifies. If bulls can reclaim key levels, ADA could see a strong recovery. However, failure to hold current support may lead to further downside pressure, aligning with the broader market’s struggles. Investors are now watching closely to see whether Cardano can withstand the turbulence and set up for its next major move. Price Testing Crucial Resistance Level Cardano (ADA) is currently trading at $0.95 after a period of massive price swings, surging from $0.65 to $1.17, only to drop back to $0.75 before rebounding to current levels. This extreme volatility has kept traders on edge as ADA struggles to establish a clear trend. For bulls to regain control, reclaiming the $1 mark with conviction is crucial. A decisive breakout above this psychological level could signal a major rally, potentially pushing ADA beyond multi-year highs around $1.30. Such a move would reinforce bullish momentum and set the stage for further price expansion in the coming weeks. However, holding above $0.75 remains essential to prevent further downside pressure. This level has acted as a key demand zone, supporting ADA through multiple retracements. A breakdown below $0.75 could trigger renewed selling pressure, extending losses and delaying any potential recovery. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target With market volatility still high, traders are watching whether ADA can hold its ground and push higher. If bulls manage to flip $1 into support, the next leg up could come quickly. Otherwise, continued consolidation within this range may prolong uncertainty before the next major move.

On Sunday, Cardano (ADA) saw a massive 80% pump following the US President’s announcement of a “Crypto Strategic Reserve” that will include ADA. As the cryptocurrency retests its key support levels, some analysts believe it might be poised for a 125% rally from current levels. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Cardano Attempts Reclaiming $1 On March 2, US President Donald Trump announced the establishment of a “US Crypto Reserve” comprised of Cardano, XRP, and Solana (SOL), with Bitcoin (BTC) and Ethereum (ETH) at the heart of the strategic reserve. On his social media platform, Truth Social, Trump stated the strategic reserve would “elevate the critical industry after years of corrupt attacks by the Biden Administration.” The announcement sent many cryptocurrencies into an end-of-week pump to reclaim some recently lost support levels. ADA has been in a downtrend since December when it hit its 3-year high of $1.32 but failed to hold the $1 support in mid-January. The February market retraces sent the cryptocurrency’s price below several key support zones, with the token hovering between the $0.60-$0.80 price range. Following Trump’s announcement, Cardano rose 60% in two hours, climbing from $0.64 to the $1 barrier for the first time in over a month. ADA continued its surge in the following hours, recovering over 80% from its Friday low of $0.58. On Sunday, ADA hit a two-month high of $1.17 before retracing over 20% to the key $0.90 support zone. Cardano investor Sebastian noted that the retest of the $0.92 level was “perfectly normal after such an insane move.” The investor suggested it could consolidate within the $0.90-$1.00 range for a few days before resuming its ascending trajectory. Moreover, he asserted that If ADA breaks above its December high, the token could likely see a new all-time high (ATH) soon. ADA’s New High Could Be Near Crypto analyst Ali Martinez stated that Cardano “could be poised for a rally to $2.20.” According to the post, investors should “watch for a 12-hour candlestick close above $1.19” to confirm the bullish breakout and target an 84% jump from the breakout level. Martinez also highlighted that Cardano whales bought over 420 million ADA in the past 24 hours, which could signal strong sentiment from large-scale investors on the cryptocurrency. Meanwhile, Sjuul from AltCryptoGems affirmed that Cardano’s chart displays a “big power of 3 in the making.” This pattern divides the price cycle into three phases: accumulation, manipulation, and distribution. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week? The first phase consists of a consolidation near the recent high after a strong price performance. The second phase sees a token’s price falling below the accumulation phase’s support level and trades within a range below the recently lost zone. In the third phase, a strong price breakout occurs, with momentum building and participants entering the market. According to Sjuul, “the chart never lies,” and Cardano entered the distribution phase after Sunday’s pump, suggesting that ADA could retest December highs soon. As of this writing, ADA trades at $0.91, a 9.9% retrace in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Cardano recent price surge has been nothing short of impressive, with ADA climbing steadily to challenge the $1.17 resistance level, a key psychological and technical barrier. Overbought conditions often precede a period of consolidation or correction, as traders take profits and the market seeks equilibrium. For ADA, this could mean a temporary slowdown or pullback from the $1.17 resistance, especially if buyers fail to muster enough strength to break through this stubborn level. On the other hand, a successful breach could open the door for further gains, potentially propelling ADA toward higher price targets. Cardano’s Rally Hits A Wall At $1.17 After an impressive rally that stalled at the $1.17 resistance level, ADA is beginning to show signs of weakness, with selling pressure gradually increasing. The failure to break past this key resistance has led to a shift in momentum, causing the price to decline toward the $0.9077 support zone. This pullback suggests that bulls may be losing strength and bears are beginning to take control. Related Reading: Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out Technical indicators further reinforce the possibility of a continued downturn as momentum begins to shift in favor of the bears. The Relative Strength Index (RSI), which previously hovered in overbought territory due to strong buying pressure, is trending downward. This decline suggests that bullish momentum is weakening, and traders may be taking profits, leading to an increase in selling pressure. Additionally, a break below the mid-level (50) on the RSI would validate the bearish outlook, increasing the likelihood of a deeper correction. If the RSI continues to slide toward the oversold region and ADA fails to hold above the critical $0.9077, it could accelerate ADA’s decline toward lower support levels A breakdown below this level would signal rising bearish pressure, potentially pushing the price toward $0.8119, a key area where buyers previously stepped in to halt declines. If this support fails to provide a strong rebound, ADA might extend losses, testing the $0.80 level and serving as another crucial barrier for the bulls. Bullish Scenarios For ADA Cardano has the potential for a bullish turnaround as key support levels hold and buying pressure increases. The $0.9077 level is crucial for a rebound, and a strong bounce from this area could trigger renewed momentum, allowing ADA to challenge resistance levels and regain upside directions. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move Furthermore, the $1.17 level serves as a key pivot for ADA’s bullish scenario. A breakout above this mark, backed by strong volume, may signal growing buyer confidence. If successful, ADA may gain momentum and target $1.58 and beyond. However, for these bullish scenarios to play out, Cardano must hold above key support levels, especially $0.9077. Failure to maintain control by buyers puts ADA at the risk of further declines. For now, traders are watching for signs of stabilization and bullish confirmations before expecting a strong upward move. Featured image from Adobe Stock, chart from Tradingview.com

Cardano price started a surge above the $0.70 zone. ADA is up over 60% and now consolidates near the $1.050 support zone. ADA price started a fresh surge above the $0.70 and $0.90 levels. The price is trading above $1.00 and the 100-hourly simple moving average. There is a short-term contracting triangle forming with resistance at $1.1450 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.150 resistance zone. Cardano Price Skyrockets After a major decline, Cardano found support near the $0.580 zone. ADA formed a base and recently started a fresh surge after Trump’s announcement of the crypto reserve. It rallied over 60%, outperforming Bitcoin and Ethereum. There was a move above the $0.70 and $0.90 levels. The bulls even pumped the price above the $1.0 resistance. A high was formed at $1.1577 and the price is now consolidating gains. There was a minor decline below the $1.10 level. The price tested the 23.6% Fib retracement level of the upward move from the $0.6446 swing low to the $1.1577 high. Cardano price is now trading above $1.00 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.10 zone. The first resistance is near $1.1450. There is also a short-term contracting triangle forming with resistance at $1.1450 on the hourly chart of the ADA/USD pair. The next key resistance might be $1.150. If there is a close above the $1.150 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.220 region. Any more gains might call for a move toward $1.250 in the near term. Another Decline in ADA? If Cardano’s price fails to climb above the $1.150 resistance level, it could start another decline. Immediate support on the downside is near the $1.040 level. The next major support is near the $1.00 level. A downside break below the $1.00 level could open the doors for a test of $0.90. The next major support is near the $0.80 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 – $1.0400 and $1.000. Major Resistance Levels – $1.1000 and $1.1500.

Amid the crypto market downtrend, crypto analyst Master Ananda has provided a bullish outlook for the Cardano price, predicting it can still reach a new all-time high (ATH) of $8.11. The analyst also raised the possibility of ADA reaching $10.  Cardano Price To Reach New ATH Of $8.11 In a TradingView post, Master Ananda predicted that the Cardano price could rally to a new ATH of $8.11 as it records “massive growth” this year. The analyst affirmed that ADA is officially in bull market territory following the completion of the first wave of the initial bullish breakout. In line with this, he predicts a new wave that could send Cardano to this $8 price target.   Related Reading: Cardano Price Bounces From Key Support Level, But There’s Still A Risk To Crash To $0.85 Master Ananda further explained that the initial bullish breakout peaked very early in December last year. The analyst noted that such a strong bullish wave will always lead to a correction, which explains why the Cardano price is witnessing a significant crash alongside the broader crypto market.  The crypto analyst assured that the present correction doesn’t mean much for the market. He further remarked that this is just a period of rest while the players, traders and market participants consolidate all previous gains. Master Ananda added that the market needs to adapt to the previous massive phase of growth.  Further Analysis Of ADA’s Bull Market Price Action Master Ananda noted that in a bullish market, a correction will always end in a higher low. According to him, the higher the low of the higher low, the stronger the chart or pair is considered. He gave an example of the ADA/USDT paid which launched the previous bullish wave from a baseline of $0.3000. Related Reading: Cardano Price Breaks Down From Ascending Channel, Here Are Two Ways It Could Go The correction higher-low ended at around $0.6000 for the Cardano price, which the analyst noted is 100% higher than the baseline price. Master Ananda remarked that this means that Cardano is super strong. He also revealed that the first peak ended around $1.35, which he claimed is “awesome.” Furthermore, the crypto analyst noted that from a low of $0.2756 in August 2024, this move adds up to a total growth of around 375%. However, he asserted that there will be more for the Cardano price this time around in this 2025 bull run. Alluding to his accompanying chart, Master Ananda highlighted $2, $4.84, $8.11 and even $10.5 as the new 2025 peak potential.  Master Ananda stated that he is sharing this Cardano price action analysis now because he believes that ADA is witnessing the establishment of a short-term higher low. The first low happened in early February and now the second is happening. He asserted that the second higher low will launch the next bull market bullish wave.  At the time of writing, the Cardano price is trading at around $0.59, down over 11% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

Cardano price started a fresh decline from the $0.70 zone. ADA is now consolidating losses and at risk of more losses below the $0.60 level. ADA price started a fresh decline below the $0.6850 and $0.650 levels. The price is trading below $0.6550 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.660 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 Further After a decent increase, Cardano faced resistance near the $0.70 zone. ADA formed a short-term top and recently started a fresh decline, like Bitcoin and Ethereum. There was a move below the $0.6850 and $0.6650 levels. The bears were able to push the price below $0.6350. A low was formed at $0.6016 and the price is now consolidating losses. It is still below the 23.6% Fib retracement level of the downward wave from the $0.6769 swing high to the $0.6016 low. Cardano price is now trading below $0.650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.620 zone. The first resistance is near $0.640 and the 50% Fib retracement level of the downward wave from the $0.6769 swing high to the $0.6016 low. The next key resistance might be $0.660. There is also a connecting bearish trend line forming with resistance at $0.660 on the hourly chart of the ADA/USD pair. If there is a close above the $0.660 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. More Losses in ADA? If Cardano’s price fails to climb above the $0.660 resistance level, it could start another decline. Immediate support on the downside is near the $0.60 level. The next major support is near the $0.5850 level. A downside break below the $0.5850 level could open the doors for a test of $0.550. 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 – $0.6000 and $0.5850. Major Resistance Levels – $0.6600 and $0.7000.

As part of his Cardano price prediction, crypto analyst CobraVanguard has revealed what needs to happen for ADA to never drop below the $0.8 level again. This comes amid the US SEC’s acknowledgment of Grayscale’s Cardano ETF filing, providing a bullish outlook for the crypto.  How The Cardano Price May Never Drop Below $0.8 Again In a TradingView post, CobraVanguard noted that the Cardano price continues to move well within the wedge. The analyst claimed that if this wedge is broken, then market participants will no longer see ADA below $0.80. The analyst’s accompanying chart showed that a break above could see Cardano reclaim the $1 psychological price level.  Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown This bullish outlook for the Cardano price comes as the US Securities and Exchange Commission (SEC) acknowledged Grayscale’s Cardano ETF filing. An ETF is bullish for the ADA price as it will attract institutional investors and drive more inflows into the coin’s ecosystem, which could spark a rally to new highs.  However, in the meantime, the Cardano price looks to be in bearish territory, as it has declined alongside the broader crypto market. ADA is currently below the $0.8 price level, which could represent a great buying opportunity, especially if the crypto eventually never sees this price level again, as CobraVanguard predicted.  Regarding the short-term bearish outlook for the Cardano price, crypto analyst CryptoBusy also noted that ADA is barely clinging to its 0.5 Fibonacci support level. The analyst added that a breakdown below this Fib support could lead to a straight drop to the $0.618 price level. CryptoBusy suggested that this breakdown will likely happen as ADA is facing significant selling pressure.  A Mega Bounce Is Coming For ADA In an X post, crypto analyst Sebastian told market participants to get ready for a mega bounce for the Cardano price after this market downtrend. In another post, he remarked that the worst time to sell is right now. He added that in a month, market participants will wish they had bought more. According to him, the market is a game of emotions and the more people capitulate, the higher prices will go eventually.  Related Reading: Possible Deep Correction Could Push Cardano Price To $0.43, Here’s How Meanwhile, crypto analyst Ali Martinez recently noted that the most critical support zone for the Cardano price is between $0.67 and $0.80. He remarked that as long as this level holds, ADA’s bull run remains intact. His accompanying chart showed that ADA could still reach its current all-time high (ATH) of $3.10 and possibly surpass this price level in this market cycle.  At the time of writing, the Cardano price is trading at around $0.65, down over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

Cardano (ADA), once hailed as a top contender in the blockchain space, is now facing a challenging phase as its price charts take a sharp turn for the worse. Over the past few weeks, ADA has struggled to maintain its footing, with technical indicators increasingly pointing to the possibility of further downside With market sentiment tilting toward caution, traders and investors are closely monitoring ADA’s next moves. Will the current bearish setup trigger a sharper decline, or can ADA stabilize and mount a comeback?  A Breakdown Of Recent Market Movements Recent market movements for ADA have painted a concerning picture, highlighting a distinct lack of strong bullish momentum. Despite occasional attempts to recover, the altcoin has consistently failed to reclaim crucial resistance zones, leaving the asset vulnerable to more downside. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move ADA is showing signs of increasing bearish momentum as the assets have made a negative crossover below the 100-day Simple Moving Average (SMA) a key indicator that often dictates market trends. Sustained trading beneath this level reflects diminishing bullish strength and increases the likelihood of a downtrend. Adding to the concerns, the Relative Strength Index (RSI) is trending downward below the 50% threshold, indicating a decline in buying pressure and a shift toward a bearish trajectory. This weakening demand suggests that sellers are gradually gaining control, making it harder for ADA to stage a recovery. If the RSI continues to decline toward oversold territory, it could reinforce the pessimistic outlook, increasing the risk of a deeper price correction. ADA’s negative trend is likely to persist should ADA fail to break above the 100-day SMA and the RSI remains below the 50% threshold coupled with rising selling pressure. Typically, this scenario could lead to an extended decrease, pushing the price toward major support levels. Key Levels To Watch: Where Can ADA Find Support? As ADA struggles to gain upside momentum, identifying key support levels becomes crucial in assessing potential downside risks and rebound opportunities. With the price trading below the 100-day SMA and bearish sentiment prevailing, market participants are closely watching how the asset reacts to critical price zones. Related Reading: Cardano (ADA) at a Crossroads: Could Bears Take Control Again? The first key support to watch lies around $0.6822. If selling pressure persists, retesting this area is probable, where bulls may attempt to defend the price and prevent further declines. A bounce from this level could indicate a short-term recovery. However, failure to hold the $0.6822 support puts the next major zone to watch at $0.5229, a historically significant level that has served as a key turning point in previous market movements. Losing this support might accelerate the bearish momentum, leading to a deeper correction. Featured image from iStock, chart from Tradingview.com

Cardano price started a fresh decline from the $0.820 zone. ADA is now consolidating losses and at risk of more losses below the $0.7350 level. ADA price started a fresh decline below the $0.80 and $0.7650 levels. The price is trading below $0.7750 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7620 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7750 resistance zone. Cardano Price Climbs Above $0.750 After a decent increase, Cardano faced resistance near the $0.820 zone. ADA formed a short-term top and recently started a fresh decline, underperforming Bitcoin and Ethereum. There was a move below the $0.80 and $0.7650 levels. The bears were able to push the price below $0.750. A low was formed at $0.7362 and the price is now consolidating losses. It is well below the 23.6% Fib retracement level of the downward move from the $0.8191 swing high to the $0.7362 low. Cardano price is now trading below $0.7650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.750 zone. The first resistance is near $0.7620. There is also a connecting bearish trend line forming with resistance at $0.7620 on the hourly chart of the ADA/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.8191 swing high to the $0.7362 low. The next key resistance might be $0.7680. If there is a close above the $0.7680 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. More Losses in ADA? If Cardano’s price fails to climb above the $0.7620 resistance level, it could start another decline. Immediate support on the downside is near the $0.7350 level. The next major support is near the $0.7320 level. A downside break below the $0.7320 level could open the doors for a test of $0.7150. 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 bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.7350 and $0.7150. Major Resistance Levels – $0.7620 and $0.7680.

Cardano is trading above key demand levels after experiencing a volatile Friday. The market reacted sharply to the news of Bybit’s $1.4 billion hack, causing widespread fear and uncertainty. Prices across the crypto market, including Cardano, dropped from local highs, testing critical support levels. ADA fell over 7% on Friday as panic-driven selling took hold, but the market has since stabilized as Bybit reassured investors with a strong response. Related Reading: Bitcoin Faces Serious Price Compression – What Happened Last Time Despite the short-term volatility, analysts remain optimistic about ADA’s next move. Top analyst Ali Martinez shared a technical analysis on X, revealing that Cardano remains in a consolidation phase and is setting up for a potential 25% price move. Historically, consolidation at key demand levels has led to strong breakouts, and if ADA maintains support above its current range, a bullish move could follow. Investors are closely watching the price action as ADA continues to trade within a tight range. If bullish momentum builds, a breakout could send Cardano toward higher supply zones, confirming a new upward trend. However, if market sentiment weakens, a deeper retrace into lower demand levels may occur. The next few days will be crucial in determining Cardano’s short-term direction. Cardano Holds Key Demand Amid Uncertainty Cardano is holding above key demand levels amid recent uncertainty and fear triggered by Bybit’s hack. The event shook the market, causing a wave of selling pressure that pushed most altcoins, including ADA, into low demand levels. The extreme selling pressure that began in late December remains a concern for investors, as volatility continues to dominate price action. Despite this, ADA has managed to maintain its position above critical support zones, fueling speculation about a possible recovery. Bulls are growing increasingly cautious as ADA struggles to reclaim key supply levels. Many investors remain hopeful that the current consolidation phase will lead to a breakout. Martinez’s analysis on X suggests that Cardano remains in consolidation and could be setting up for a potential 25% price move. Historically, periods of extended consolidation at major support levels have led to explosive rallies, and ADA’s current positioning could indicate a major move is on the horizon. If Cardano successfully reclaims key supply levels and pushes above resistance zones, a massive recovery rally could follow, propelling prices toward multi-month highs. However, losing its current demand zone could trigger a significant correction, further extending ADA’s downward trend. The next few days will be crucial in determining the direction of Cardano’s price action. Related Reading: Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run – Details ADA Prepares For A Move Cardano (ADA) is trading at $0.76 after failing to reclaim the $0.82 mark for the second time. The price has been struggling to gain momentum, with selling pressure keeping it below key resistance levels. Bulls need to push above $0.82 and hold it as support to establish a foundation for higher prices. If ADA successfully reclaims this level, the next key target is $0.85, which aligns with the 4-hour 200 moving average, a critical indicator for short-term strength and momentum. For ADA to confirm a bullish recovery, buyers must defend the $0.73 level over the coming days. Holding above this level will demonstrate strength and allow the price to build a base for a potential rally. However, if Cardano fails to hold above $0.73, further downside could be expected, with the risk of a drop into lower demand zones. Related Reading: Ethereum Holds Key Support – Analyst Doubts Bears Can Defend $4K Anymore Investors remain cautious as ADA continues to trade within a tight range, and a breakout in either direction could set the stage for the next major move. If bulls manage to reclaim key resistance levels, a strong recovery rally could follow. However, failure to break above resistance could keep ADA trapped in consolidation for an extended period. Featured image from Dall-E, chart from TradingView