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

Crypto analyst Investing Broz has spotlighted Cardano (ADA) as one of the most promising altcoins currently breaking out amid a shifting macro landscape and rising Bitcoin valuations. In his latest video update, the analyst identified ADA’s recent technical breakout as a clear sign of bullish momentum, forecasting a price target of $1.90 in the coming weeks if momentum holds. Cardano Bull Run Is Back On Investing Broz began the segment by reiterating the broader context: Bitcoin’s explosive rally above the $120,000 mark has reignited speculation around the arrival of altseason. “This is just one more egg in the basket of potentially altcoin season coming very soon,” he noted, citing Bitcoin dominance breaking below a critical support level and altcoins “going berserk.” Related Reading: Cardano Price Explodes 30% In Past Week — Analyst Calls $5 Next Market Top Among the altcoins leading the charge, Cardano stood out. The analyst confirmed that he purchased ADA in the past 24 hours, identifying the move as more than just opportunistic. The trigger? A confirmed breakout above a long-standing resistance level that ADA hadn’t pierced since March 1. “This is a major win for Cardano holders who are trading it,” he said, explaining that a falling wedge pattern had been developing for weeks and now signaled a shift in trend. Investing Broz’s trading group had initially positioned long at $0.54, with a modest target of $0.80. But as he emphasized, “Cardano is not just breaking above the smaller resistance level—we’re breaking above a resistance level we haven’t been back above since March.” That March breakout, he reminded viewers, was spurred by a now-infamous Donald Trump tweet listing altcoins deemed suitable for a proposed American crypto reserve. While that spike proved short-lived, the current breakout is, in his view, fundamentally and technically sound. To calculate a realistic upside scenario, he applied the traditional breakout target technique by measuring the height of the formation and projecting it forward. “This would give you a Cardano price prediction of $1.90,” he stated, while also noting that such a target might be ambitious for a summer timeframe. Still, “it’s absolutely doable and definitely something you guys should be keeping an eye on.” Related Reading: The Last Time This Happened Cardano Rose 55%, ADA Analyst Makes Bold The analyst reinforced his bullish outlook using confirmation from the LuxAlgo indicator suite, which flashed a weekly buy signal—featuring a green reversal, bullish momentum, and positive money flow. Based on this, he offered a more immediate price range between $1.00 and $1.80. “I don’t think we’re going to stop at $1.80, but I think it’s a target to keep an eye on if you’re looking for a trade,” he said. Beyond that, a golden pocket Fibonacci extension points to a key level of $2.42 by year’s end. However, Investing Broz was quick to clarify that these are not his full-cycle targets for ADA. “This is not my long-term bullish price prediction for this bull market,” he emphasized. “This is simply tradable movements that I still think can happen over the next couple of weeks.” His earlier predictions suggested ADA could hit $7 to $10 by the cycle top—possibly extending into 2026 or even 2027. Throughout the segment, he stressed the importance of knowing when to take profit. “Every bull market has volatility. Cardano… is going to have volatile movements where they rally and then pull back,” he advised. For short-term traders, targets around $1.80 to $2.40 may present ideal levels to secure gains or even explore short positions if momentum wanes. While ADA is not the only altcoin the analyst is tracking—Ono and HAR were also highlighted for similar breakout behavior—Cardano’s confluence of technical strength, historical resistance flip, and volume surge make it a standout in the current environment. As the analyst concluded, “There’s still time… this is a major breakout, and if you’re a trader, this is what you wait for.” Cardano, for now, has flashed its signal. Whether it makes good on the $1.90 target may depend not only on its own momentum, but on the broader timing of altseason’s long-awaited arrival. At press time, ADA stood at $0.7447. Featured image created with DALL.E, chart from TradingView.com

The Cardano price has witnessed an exhilarating run over the past few days, experiencing a significant breakout from consolidation beneath the $0.6 level. Before its recent price surge, the altcoin had been moving mostly sideways within the $0.5 and $0.6 range. Interestingly, the Cardano price seems to just be at the beginning of what is expected to be a monstrous rally over the next few months. A crypto expert on the social media platform X has come forward with an exciting pathway to unprecedented price highs for the ADA token. ADA In Distribution Phase — Perfect Buying Opportunity? In a July 11 post on X, Alphractal founder & CEO Joao Wedson shared an exciting bullish picture for the Cardano price over the coming months. The on-chain expert put forward the $4.9 mark as the market top for the ADA token in the next leg up. Related Reading: XRP Price Builds Momentum — $2.50 Break Sparks Fresh Bullish Wave This bold projection is based on a persistent ascending channel pattern on the daily Cardano price chart. An ascending channel is a chart pattern in technical analysis characterized by two major (rising) trendlines: the upper line acting as the resistance level and the lower line acting as the support level. Typically, the gap between these trendlines is considered a channel within which prices move over a period—while indicating a sustained long-term bullish trend. Traders often use this pattern to identify optimal entry and exit points, as the price usually bounces off the upper resistance level and lower support trendline. As observed in the above chart, the Cardano price has been trading within the ascending channel since the first half of 2019. After falling to the lower trendline earlier this year, the price of ADA soon found support and rebounded to above the $1 level in 2025’s first quarter. However, the altcoin — as with the rest of the crypto market — witnessed a severe downturn that saw the Cardano price return to the lower trendline in late June. Interestingly, the token’s price seems to have found support and is recovering nicely. Wedson, in his post on X, revealed that what the Cardano price is experiencing is more than a mere recovery, as the altcoin might surpass its current all-time high of $3.09 in this phase. According to the on-chain analyst, the ADA token could be trading well above the $3 mark by late October or early November 2025. Furthermore, Wedson noted that the current level might be the right time for investors to jump into the ADA token, as it is still in the distribution phase in the short term. “This might break some technical analysis patterns, but the on-chain analysis looks promising in several aspects — and that’s what I like,” the analyst concluded. Cardano Price At A Glance As of this writing, the price of ADA stands at around $0.7124, reflecting an almost 6% in the past 24 hours. This positive single-day action underscores the general bullishness that the altcoin has witnessed in the past few days. According to data from CoinGecko, the ADA coin is up by roughly 30% in the last seven days. Related Reading: Dogecoin (DOGE) Rockets to $0.20 — Can It Go Even Higher? Featured image from Pexels, chart from TradingView

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

Crypto-market commentator “Quantum Ascend” devoted a 8 June video to a single idea: the price structure that once catapulted Ethereum Classic to its bull-market peak is about to do the same for Cardano—and could deliver a twenty-fold advance if history “rhymes rather than repeats.” Speaking to his followers, the analyst opened by noting that ADA’s weekly chart “looks so similar” to the multi-year pattern that preceded Ethereum Classic’s vertical move in early 2021. “They have the same market makers,” he asserted, pointing out that Cardano founder Charles Hoskinson had early involvement in both projects. “It’s almost like a cheat code for this thing.” Cardano Set For 2,000% Explosion To illustrate the parallel, Quantum Ascend overlaid the two assets’ Elliott-wave counts. In his reading, Ethereum Classic completed its fifth impulsive wave during the last cycle, whereas Cardano is “waiting on that fifth wave” after a prolonged flag-shaped consolidation. He then dropped a Fibonacci retracement on Ethereum Classic’s 2020–21 third-to-fourth-wave segment, showing the final thrust topped out “just shy of the 2.36”—and repeated the exercise on Cardano’s current structure, which has advanced to the same proportional level. “Come on, it’s not perfect,” he conceded, “but you guys see how similar these structures are.” A second Fibonacci projection, stretching Cardano’s initial three-wave span to a full 1.618 extension, points to a conservative target “up around four bucks,” he said. But a more ambitious extrapolation of Ethereum Classic’s 3.618 climax would propel ADA into a zone between roughly 10.67 and 12.55—an area he calls his “primary” and “secondary” objectives. From the current price such a run would exceed 2,000 percent. “That’s violent,” he remarked after flicking his cursor to the comparative surge on the ETC chart. “Hopefully you can see how clean this is, because I feel really good about Cardano getting up into that $10 level.” Related Reading: Cardano (ADA) Turns Upward — Signs of a Recovery Emerge Quantum Ascend argued that the temporal spacing is also lining up. Ethereum Classic’s listing in August 2016 meant its multiyear base completed roughly four and a half years later; Cardano’s analogous base, begun in late 2017, is now of similar duration, though “the whole chart has taken a little bit longer on the consolidation.” For him, that extension merely “loads the spring” for a sharper repricing once last season begins in earnest. The analyst did allow for interim turbulence. In his scenario, ADA could hit the former all-time-high region around $3.12, “reject back down to $1.67” during a broader market-wide wave-four shake-out, and only then launch into a blow-off toward the upper Fibonacci cluster. Still, even that corrective loop reinforces the fractal: “Over here with Ethereum Classic it got to its last all-time high, rejected, and then went on one more big run.” Related Reading: Cardano Price Woes To Continue? Analyst Expects ADA To Fall To $0.47 Quantifying his own risk appetite, Quantum Ascend told viewers he is “pretty hyped on Cardano” and wants the token “in my portfolio because it is one of my higher-conviction plays for what’s about to happen here.” He concluded by sketching three tiers of price objectives—$4.90 (conservative), $10.67 (primary) and $12.45 (secondary). Whether altseason’s starting gun fires as cleanly as the fractal implies remains to be seen, but Quantum Ascend’s thesis hinges on a single proposition: when the same market makers move two historically linked assets through mirror-image patterns, ignoring the setup may prove costlier than betting against it. At press time, ADA traded at $0.59. Featured image created with DALL.E, chart from TradingView.com

The Cardano price performance has been nothing short of shambolic since the start of May, falling from the lofty heights of $0.85 in less than two months. According to data from CoinGecko, the altcoin’s value has declined by more than 24% in the past month. While the price of ADA saw an explosive growth at the beginning of the second quarter, the token is now back where it started in April — just above the $0.5 mark. Interestingly, the signs are pointing to further decline for the Cardano price over the next few weeks. ADA Price Stuck In Descending Channel On Friday, June 27, prominent market analyst Ali Martinez took to the social media platform X to share an ominous prediction for the ADA token’s price. According to the crypto pundit, the Cardano price could be heading to around $0.47 for its next support. Related Reading: Ethereum’s Network Is Heating Up While Price Stalls, Is a Breakout Coming? This bearish projection revolves around the appearance of a descending channel pattern on the three-day Cardano chart. A descending channel is a chart formation in technical analysis characterized by two major trendlines: the upper line acting as the resistance level and the lower line acting as the support level. The space between these trendlines serves as the channel within which prices move over a period. Typically, the formation of a descending channel suggests the persistence of a downward price trend and lower highs. At the same time, traders can use this pattern to identify optimal entry and exit points. The Cardano price chart above, for instance, shows that the altcoin price has been in a downward trend since last November. The token seemed to have turned its fortune around after finding support at the lower trendline in early April and running back above the $0.8 level. However, the Cardano price failed to break the upper trendline at the beginning of May and has since been experiencing a downturn. According to Martinez, the ADA token could fall to as low as $0.47 — around the lower trendline — to find a support cushion. Moreover, the 1.272 Fibonacci level — used in technical analysis to identify price targets and support or resistance levels — is also around the lower trendline. Ultimately, this means that the Cardano price could fall even lower than its current price point. Cardano Price At A Glance As of this writing, the ADA token is valued at around $0.56, reflecting a 1.3% price jump in the past 24 hours. According to CoinGecko data, the price of Cardano is down by more than 3% in the last seven days. Related Reading: XRP Down 3% After SEC Settlement Stalls, But Social Media Turns Bullish Featured image from Investopedia, chart from TradingView

After more than five weeks of unrelenting downside pressure, Cardano (ADA) finds itself approaching a potentially decisive juncture. In a new analysis published June 18, crypto analyst Quantum Ascend (@quantum_ascend) offered a fresh take on ADA’s price structure, warning that the final leg of a downward five-wave Elliott pattern may now be unfolding—with a critical resolution point drawing near. How Low Can Cardano Crash? “We dropped down into that second wave… and had it highlighted, it bounced from there. So we did call that correctly,” the analyst began, referencing earlier predictions. But despite the brief bounce, he now sees a more extended impulse playing out. “It does look like we’re turning this into more of a five-wave move down. So one, two, three, four, and working on a fifth wave now,” he explained while analyzing the one-day chart of ADA. Related Reading: Whales Dump Over 270 Million Cardano In One Week – Bearish Signal Or Shakeout? At the core of the bearish outlook is Fibonacci confluence. Quantum Ascend pointed out that ADA currently hovers around the 0.702 retracement level, with the 0.786 level lying just beneath it—both key zones often associated with deeper corrections in Elliott Wave theory. “Makes complete sense for us to go ahead and drop in right to this area at the very minimum,” he noted. Yet despite the grim technicals, the analyst maintains that no structural damage has occurred—at least not yet. “As long as we hold the 51 cent level, nothing’s broken, it’s not a problem, right?” he reassured. The broader context, however, is less encouraging: “We need Bitcoin to catch a little bit of a bid or Ethereum or something. We need some kind of good news to come in to alleviate a little bit of this because the market’s just pretty much been bleeding… for over a month now.” ADA has underperformed relative to its peers since early May, with sentiment sliding alongside price. But Quantum Ascend encouraged viewers not to overreact to the current downtrend. “All it is is an opportunity to dollar cost average,” he said, before addressing the exhaustion many long-term holders are feeling. “I know what you’re saying, QA. I’ve been dollar cost averaging for seven months. I get it. I’ve been there.” Related Reading: Nasdaq Says Yes To Cardano: ADA Earns A Spot Among Crypto Giants Rather than panic-sell or obsess over day-to-day moves, the analyst recommended mental distance and patience. “Go do something fun, it’s beautiful, it’s summer. Go do something else, anything else. But this thing is gonna resolve itself and alt season is around the corner,” he said. Despite short-term bearishness in the chart, his long-term conviction remains intact. “World War III is not starting. I could not have more conviction in all those things.” With ADA potentially entering the final leg of a corrective structure and broader markets searching for a catalyst, all eyes are now on whether support zones hold—or if Cardano is headed even lower before the long-awaited resolution finally arrives. At press time, ADA traded at $0.6158. Featured image created with DALL.E, chart from TradingView.com

Cardano staking pool operator (SPO) Sssebi (@Av_Sebastian) has ignited a debate by asserting that Cardano’s ADA could reach double-digit territory this year. In a thread that began, “These are the ingredients for $10 $ADA in 2025,” he listed five developments he believes will transform the eighth-largest cryptocurrency from a $0.70 token into a $10 asset. Each of those “ingredients” is now taking shape—and each comes with its own uncertainties. #1 Cardano Becomes Bitcoin’s DeFi Layer At the Bitcoin 2025 conference in Las Vegas, Input Output (IO) stunned attendees by moving a live Bitcoin Ordinal across a new BitVM-based bridge to Cardano. IO called the demonstration “a preview of what is to come,” adding that the “Cardinal” protocol aims for full integration so BTC holders can lend, borrow and stake inside Cardano’s extended-UTxO environment. By transplanting Bitcoin liquidity onto a programmable ledger without wrapped custodial tokens, Cardano positions itself as a settlement layer for so-called BTCFi applications—an addressable market that today tops $1 trillion in dormant value. Related Reading: Cardano: Elliot Wave Predicts 50% Crash For ADA Price, Is It Time To Get Out #2 The Midnight “Glacier Drop” Airdrop Cardano founder Charles Hoskinson told Consensus 2025 in Toronto that Midnight, his privacy-focused sidechain, will airdrop both NIGHT governance tokens and DUST privacy tokens to “approximately 37 million wallets across eight major blockchains”—with “zero allocation to venture capitalists.” “Every Consensus there’s a new token saying, ‘my thing is better,’” he said. “We’re going to give this away and let users decide.” The sheer scale dwarfs recent airdrops and could seed tens of millions of new ADA-capable addresses once Midnight’s cross-chain fee model pushes traffic back to the base chain. #3 A US Listed Cardano Spot ETF In February NYSE Arca filed to convert the Grayscale Cardano Trust into a spot ETF. The Securities and Exchange Commission acknowledged the application on 24 February, starting a 240-day clock that now runs to 22 October 2025. The agency’s first-phase deadline of 29 May was pushed to 15 July, following the pattern that preceded January’s Bitcoin ETF approvals. Grayscale has argued that ADA’s on-chain transparency and staking mechanics make it “substantially resistant to manipulation,” echoing the language that ultimately persuaded regulators on Bitcoin. An approval would give traditional investors a regulated conduit to stake-enabled yield—something no US crypto ETF yet offers. Related Reading: Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours #4 ADA In The US Strategic Reserve President Donald Trump’s March executive order created a Strategic Bitcoin Reserve and a US Digital Asset Stockpile to hold crypto seized in federal cases. A subsequent Truth Social post surprised markets by naming “XRP, Solana and Cardano” for inclusion alongside Bitcoin and Ether; ADA jumped more than 70% intraday. Though the order bars fresh purchases of altcoins, Treasury accounting shows roughly $493 million in non-Bitcoin assets—ADA among them—already earmarked. Chainlink co-founder Sergey Nazarov called the move “a reputational boost, signaling the US. views digital assets as strategic.” Inclusion in a sovereign reserve legitimises ADA for conservative allocators and could ease the path for futures and options listings. #5 The Ouroboros Leios Upgrade Hoskinson labels Leios “the capstone of the entire Ouroboros agenda … the fastest cryptocurrency on the planet.” In a May 1 livestream he said simulations show “tens of thousands of transactions per second” without sacrificing decentralization. The upgrade introduces parallel input, ranking and endorsement blocks, allowing throughput to be dialed up as adoption demands. If main-net integration lands in H2 2025, Leios would coincide with Midnight’s launch and the ETF review window—an alignment bulls see as catalytic. ADA trades near $0.70 today, implying a market capitalization of roughly $25 billion. A jump to $10 would push valuation toward $350 billion, rivaling Ethereum’s 2024 peak. Featured image created with DALL.E, chart from TradingView.com

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 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 

Despite high optimism among Cardano (ADA) supporters, a look at the weekly chart (ADA/USDT) suggests the exuberance may be premature. While bullish sentiment has grown in tandem with recent regulatory nods, ADA’s price action remains under critical resistance, flashing cautionary signals such as a bearish engulfing pattern. Cardano: Rising Hype Vs. Bearish Technicals On-chain analytics firm Santiment notes today a distinct rise in social media optimism for Cardano on X: “Specific altcoins like Cardano are seeing high positive sentiment on social media. Aided by the fact that the SEC classified ADA’s use case as ‘smart contracts for government services,’ the altcoin’s community has pushed up bullishness to its highest rate in over 4 months.” Related Reading: Cardano Is ‘About To Break Free’ – Breakout Above Crucial Supply To Trigger A Big Move–Analyst Santiment further highlights that Cardano’s crowd sentiment has hit the highest bullish mark in over 4 months. “Over 3.5 positive comments per 1 negative comment toward ADA, highest since Oct. 30 – Nov. 6 week,” Santiment notes. However, this social media euphoria hasn’t translated in a bullish price action yet. Currently trading around $0.71, ADA has once again pulled back after ADA was announced to be included in the Strategic Crypto Stockpile by US President Donald Trump. Of particular concern to technical traders is the bearish engulfing candle that formed after the announcement and the subsequent retreat. This pattern occurred three weeks ago when the large red candle completely encompassed the prior green candle’s price range, potentially indicating a shift in momentum back toward the bears. Since then, ADA retraced further. On the moving averages front, Cardano remains sandwiched beneath the 20-week EMA at $0.7883, which itself is trending downward. Below current prices, the 50-week EMA at $0.6679, the 100-week EMA at $0.59, and the 200-week EMA at $0.5255 could act as layered support. If ADA fails to secure a foothold above $0.74-$0.78, these EMAs become increasingly relevant for gauging additional downside risk. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Tracing Fibonacci retracements from the all-time high at $3.0984, the chart reveals additional checkpoints above current resistance. The 0.236 Fib level at $0.8990 stands as the most crucial boundary if bulls can clear $0.78. Beyond that, $1.3193 (0.382 Fib), $1.6590 (0.5 Fib), and $1.9987 (0.618 Fib) represent more distant objectives tied to broader recovery scenarios. However, the bearish engulfing formation underscores the reality that momentum recently swung back to sellers’ favor. Typically, such a pattern suggests increased downward pressure, at least in the short to medium term, unless a swift upside move reverses the underlying trend. This seems to play out at the moment. The Relative Strength Index (RSI) near 48 confirms this lingering indecision. Currently, the broader altcoin market currently appears heavily influenced by declining Bitcoin dominance and overarching macroeconomic conditions. All eyes are on today’s FOMC meeting and the updated dot plot, which will be pivotal for risk assets. Any indication of quantitative tightening (QT) easing or dovish signals could serve as a catalyst for renewed strength across the altcoin sector. Featured image from Shutterstock, 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’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 (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