Major tokens slip as traders lock in gains following macro-fueled surge, with market focus shifting to upcoming events.
Cardano's integration with Brave browser exposes it to 86 million potential new users amid institutional accumulation.
Cardano founder Charles Hoskinson said the blockchain network’s integration with Brave Wallet is the first of many collaborations to revitalize its ecosystem. On May 12, Brave Software, the team behind the Brave Wallet, and Input Output Global (IOG), the blockchain research and development firm behind Cardano, partnered to integrate the blockchain network into the crypto […]
The post Cardano integrated into Brave Wallet, giving 86 million users ADA access appeared first on CryptoSlate.
The browser's native wallet will expand to support ADA, governance features and Cardano-based tokens.
Cardano price started a fresh increase above the $0.750 zone. ADA is now correcting gains from $0.8650 and testing the $0.7750 support. ADA price started a decent increase above $0.750 and $0.7750. The price is trading below $0.80 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.820 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.80 resistance zone. Cardano Price Dips To Support In the past few days, Cardano saw a fresh increase above the $0.750 level, like Bitcoin and Ethereum. ADA was able to clear the $0.7750 and $0.80 resistance levels. It tested the $0.8650 zone. A high was formed at $0.8634 and the price recently corrected some gains. There was a move below the $0.80 level. Besides, there was a break below a connecting bullish trend line with support at $0.820 on the hourly chart of the ADA/USD pair. The pair tested the $0.7750 zone. A low was formed at $0.7742 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $0.8634 swing high to the $0.7742 low. Cardano price is now trading below $0.80 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.80 zone. The first resistance is near $0.8180. The next key resistance might be $0.8450. If there is a close above the $0.8450 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.880 region. Any more gains might call for a move toward $0.90 in the near term. More Losses in ADA? If Cardano’s price fails to climb above the $0.80 resistance level, it could start another decline. Immediate support on the downside is near the $0.7750 level. The next major support is near the $0.740 level. A downside break below the $0.740 level could open the doors for a test of $0.7050. The next major support is near the $0.680 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.7750 and $0.7400. Major Resistance Levels – $0.8000 and $0.8180.
Cardano is gaining bullish traction, pushing above the $0.70 mark as it attempts to reclaim the $0.75 resistance level. With Bitcoin surging toward the $100K barrier and Ethereum breaking out above $1,900, the broader crypto market is heating up—and ADA is beginning to ride that wave of renewed optimism. The return of volatility and bullish momentum has sparked excitement across major altcoins, with Cardano standing out as one of the most promising setups. Related Reading: Bitcoin Shows Impressive 4H Strength – A Shift Toward Upside Break Top analyst Ali Martinez shared a technical analysis highlighting that Cardano looks poised for a potential breakout toward $0.80. According to Martinez, ADA is approaching the upper boundary of its current trading channel, and a decisive move above $0.75 could trigger a sharp rally. With key support holding firm and market sentiment shifting in favor of bulls, the setup suggests ADA may be preparing to enter a new phase of price discovery. As the market recovers from months of uncertainty and selling pressure, investors are closely watching whether Cardano can sustain this momentum. A confirmed breakout above $0.75 would not only validate Martinez’s outlook but also strengthen ADA’s position in the broader altcoin rally now unfolding. Cardano Faces Key Resistance Test As Momentum Builds Cardano is facing a pivotal test as it trades near the upper boundary of a key resistance zone, just as broader market momentum begins to accelerate. Since bottoming out in early April, ADA has surged more than 40%, showing one of the strongest recoveries among major altcoins. This bullish move comes as Bitcoin approaches the $100K mark and Ethereum attempts to break and hold above $2,000, bringing renewed optimism to the crypto space. Despite the strength, Cardano still trades below a critical resistance level defined by the upper boundary of a long-standing descending channel. According to Martinez, a decisive breakout above this trendline could trigger a sharp move toward $0.80. Martinez’s analysis suggests that ADA is coiling with strength and is on the verge of a breakout, but the confirmation must come with a clean close above $0.75. However, the macro backdrop remains a wildcard. Ongoing tensions between the US and China, combined with the US Federal Reserve’s tight monetary policy stance, continue to influence risk asset behavior. As a result, traders remain cautious even as bullish setups appear. For Cardano, the current structure is promising. A confirmed breakout would signal renewed buyer strength and open the path to higher price levels, while failure to clear resistance could result in renewed consolidation. In either case, ADA is approaching a decision point, and the next few trading sessions could set the tone for its short- to mid-term trend. If bulls manage to flip resistance into support, Cardano could quickly accelerate toward the $0.80 target—and potentially higher if momentum across the market continues to build. Related Reading: XRP Bulls Expect A Breakout As Price Compresses Between Key Levels – Details ADA Price Analysis – Key Levels To Reclaim Cardano (ADA) is trading at $0.7232, posting a strong +7.70% daily gain as it pushes toward key resistance levels. The daily chart shows ADA breaking above both the 200-day EMA ($0.7101) and nearing the 200-day SMA ($0.7832), signaling a resurgence in bullish momentum. This move follows a multi-week consolidation period where ADA repeatedly tested lower support around $0.65, forming a stable base. The recent breakout is notable because it comes amid increased volume and broader market strength, with Bitcoin and Ethereum also surging toward key psychological levels. ADA is now approaching the upper boundary of a descending channel that has constrained price action for several months. A decisive daily close above $0.75 would confirm a breakout and open the door to a potential rally toward the $0.80–$1.00 range. However, until ADA clears the $0.78–$0.80 region with conviction, traders should watch for possible rejection and another pullback toward the $0.70 support zone. Still, the structure remains bullish, and current momentum suggests buyers are preparing to retake control. Related Reading: Cardano Struggles At Resistance – Expert Sees A Retest of Lower Support Levels If macro conditions remain stable and altcoin sentiment continues to improve, Cardano may be entering a new phase of upside expansion—one that could finally break its long-term downtrend. Featured image from Dall-E, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Market volatility may soar as a regional tussle between India and Pakistan intensifies and the U.S.-China trade war looms.
Cardano price started a recovery wave from the $0.6420 zone. ADA is now facing resistance near $0.6850 and might decline again. ADA price started a recovery wave from the $0.6420 zone. The price is trading below $0.680 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.650 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.6850 resistance zone. Cardano Price Faces Resistance In the past few days, Cardano saw a fresh decline from the $0.730 level, like Bitcoin and Ethereum. ADA declined below the $0.70 and $0.680 support levels. A low was formed at $0.6426 and the price is again moving higher. There was a move above the $0.6550 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $0.7298 swing high to the $0.6426 low. Besides, there was a break above a connecting bearish trend line with resistance at $0.650 on the hourly chart of the ADA/USD pair. However, the bears are active near the $0.6850 resistance and the 50% Fib retracement level of the recent decline from the $0.7298 swing high to the $0.6426 low. Cardano price is now trading below $0.680 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.680 zone. The first resistance is near $0.6850. The next key resistance might be $0.7090. If there is a close above the $0.7090 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.730 region. Any more gains might call for a move toward $0.750 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.6850 resistance level, it could start another decline. Immediate support on the downside is near the $0.6630 level. The next major support is near the $0.6500 level. A downside break below the $0.650 level could open the doors for a test of $0.6320. The next major support is near the $0.6175 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.6630 and $0.6500. Major Resistance Levels – $0.6850 and $0.7090.
Cardano (ADA) is trading at a critical juncture after several days of sideways consolidation around the $0.70 level. While bulls have attempted to defend this zone, upward momentum has faded, and selling pressure is beginning to mount. The market appears hesitant, with traders uncertain about the next directional move amid growing volatility across the crypto space. Related Reading: Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift? Crypto analyst Ali Martinez recently shared a technical analysis indicating that Cardano has been rejected at the top of its descending channel. This key resistance trendline has capped multiple rally attempts in recent months. This rejection suggests that ADA may be poised for another leg down, especially if broader market sentiment continues to weaken. If the current pressure persists and bulls fail to reclaim higher levels, Cardano could be on track to retest lower support zones. With momentum fading and technical rejection in play, the coming days could determine whether Cardano stabilizes or faces deeper downside in the short term. Traders and investors are advised to watch closely as ADA teeters on the edge of a potential breakdown. Cardano Faces Pullback After Rallying 40% From April Lows Cardano is trading at its lowest level in two weeks, following a failed attempt to reclaim higher supply zones near the top of its descending channel. After gaining over 40% from its early April lows, ADA showed strong signs of a potential trend reversal. However, recent price action has stalled, and the altcoin now finds itself under renewed selling pressure as broader market uncertainty weighs on momentum. Martinez highlighted that Cardano was recently rejected at the upper boundary of its descending channel—a technical level that has acted as resistance for months. This rejection has opened the door to a possible move lower, with downside targets at $0.63 and $0.54 if bearish pressure continues to mount. These levels coincide with previous demand zones and could serve as critical support for a potential rebound. Despite the short-term weakness, Cardano’s longer-term setup still holds promise. The sharp recovery in April demonstrated strong interest from buyers, and if ADA can reclaim resistance near $0.75–$0.80, the rally could quickly regain traction. Until then, the market remains in a wait-and-see mode. Meanwhile, macroeconomic tensions—from global trade disputes to uncertainty over US monetary policy—continue to drive volatility across financial markets. The entire crypto sector is currently ranging below key resistance levels, and Cardano is no exception. For now, ADA traders are watching closely to see whether the current pullback leads to deeper losses or offers a new entry point ahead of the next leg up. The next few days will be pivotal in defining the direction of Cardano’s price action. Related Reading: Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal ADA Price Analysis: Testing Crucial Demand Cardano is currently trading at $0.6563, marking its lowest level in two weeks and signaling growing bearish momentum. After consolidating near $0.70, the price failed to reclaim the 200-day EMA at $0.7101 and remains well below the 200-day SMA at $0.7797. This rejection from both long-term moving averages reflects weak bullish conviction and confirms that ADA is still trading within a broader downtrend. Volume has remained relatively flat during the recent dip, suggesting a lack of strong buyer support at current levels. The price structure also shows ADA struggling to establish higher lows, which raises the risk of a deeper retracement. If selling pressure continues, ADA could move toward the next key support around $0.63. A breakdown below that level could expose the market to further downside toward $0.54, aligning with the lower boundary of the descending channel identified by analysts like Ali Martinez. Related Reading: Ethereum Tests Critical Range: Breakout Or Breakdown? To regain bullish momentum, Cardano must break back above $0.70 and hold it as support. Until that happens, the bias remains to the downside. For now, traders should closely monitor volume shifts and broader market sentiment, as ADA teeters on the edge of a potential breakdown within its long-term bearish structure. Featured image from Dall-E, chart from TradingView
DeFi tokens such as Hyperliquid’s HYPE are up 70% in the past week, a sign of traders favoring fundamentals as capital allocators remain cautious with their money.
Cardano has surged more than 40% from its early April lows, signaling renewed bullish interest across the altcoin space. As the broader crypto market faces macroeconomic uncertainty and consolidates just below major resistance levels, ADA is now entering a critical phase. Price action remains range-bound, but sentiment is shifting as investors eye key technical patterns that could define the next move. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates Top analyst Carl Runefelt recently highlighted that Cardano is consolidating within a symmetrical triangle on the 4-hour chart—a pattern often preceding sharp breakouts. This technical formation suggests that ADA is coiling for a decisive move, with bulls and bears battling for short-term control. The current range continues to tighten over the weekend, with volatility expected to return once a breakout direction is confirmed. A move above $0.7730 would indicate bullish continuation and potentially trigger another leg up toward the $0.85–$0.90 zone. On the flip side, losing support near $0.6280 could spark a broader correction. As long as ADA holds its structure and stays above key moving averages, the bullish trend remains intact. Cardano Set For Breakout As Buyers Regain Short-Term Control Cardano is showing signs of strength despite trading in a tight consolidation range just below the $0.75 mark. After gaining over 40% from its early April lows, ADA has entered a crucial phase, with bulls gradually regaining control. The recent price action suggests that a breakout could be on the horizon, especially if ADA maintains its current support levels and builds further momentum. For the past few days, Cardano has traded sideways, struggling to break above the $0.75 resistance level. While this range-bound movement has frustrated some traders, it also reflects market stability, a common precursor to large directional moves. If bulls manage to push ADA above the $0.7730 resistance, a sustained rally could follow, potentially targeting the $0.85 and even $0.90 zones. Runefelt shared technical insights showing that Cardano is forming a 4-hour symmetrical triangle, a structure that often precedes sharp breakouts. The apex of the triangle is nearing, meaning a decisive move is likely within the next few sessions. The key bullish breakout level remains at $0.7730. On the flip side, a breakdown below the $0.6280 support would invalidate the bullish structure and could trigger a broader retracement. Overall, Cardano remains well-positioned for upside if it can reclaim resistance and confirm a breakout. Bulls will need to step in decisively to avoid a fakeout or extended consolidation. As the broader crypto market consolidates near highs, ADA’s setup is one of the more promising among large-cap altcoins. The next move could set the tone for Cardano’s trend in the weeks ahead. Related Reading: Cardano Whales Accumulated 410 Million ADA In April – Breakout Coming? ADA Price Analysis: Consolidation Continues Cardano (ADA) is currently trading at $0.6963, consolidating just below the 200-day moving average (SMA) at $0.7766 and slightly under the 200-day exponential moving average (EMA) at $0.7113. This tight compression suggests a pivotal moment is near, especially as ADA attempts to hold its ground above the $0.67 short-term support. Price action on the daily chart shows that ADA has been coiling in a narrow range following its 40% rebound from April lows. Despite the broader market showing strength, ADA hasn’t yet managed to break above the confluence of moving averages overhead—a necessary step to flip the market structure decisively bullish. The $0.77-$0.78 level remains the critical resistance to reclaim. A daily close above this zone could validate a breakout and push ADA toward the psychological $1.00 mark, last tested in early January. Related Reading: SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus Volume has been relatively muted during this consolidation, which typically precedes a major move. On the downside, losing the $0.67 level would be a bearish signal and could open the door to a retest of $0.62 or even $0.58. Featured image from Dall-E, chart from TradingView
Cardano is currently trading just below the $0.75 mark, where it has spent several days consolidating after its recent upward move. Despite facing resistance at this level, market sentiment appears to be shifting. Bulls are slowly regaining control, and many analysts believe that a breakout could be imminent if the price pushes above the current range. Price action is showing signs of strength, supported by a gradual increase in volume and reduced selling pressure from short-term holders. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause? One of the most compelling signals of a potential rally comes from on-chain activity. According to top crypto analyst Ali Martinez, whales accumulated over 410 million ADA throughout April—a decisive vote of confidence from large holders. Historically, such aggressive whale accumulation has often preceded major price moves in Cardano. This growing interest among institutional and high-net-worth investors could help fuel the next leg up for ADA, especially if broader market conditions remain favorable. With the crypto market heating up again and Bitcoin pushing toward new highs, altcoins like Cardano may soon follow. All eyes are now on whether ADA can reclaim $0.75 and build momentum for a sustained rally. Cardano Gathers Strength As Whales Drive Accumulation Cardano has quietly gained over 40% in value since its early April lows, reclaiming a key place in the spotlight as bullish momentum builds. Currently consolidating below the $0.75 resistance, ADA has shown resilience amid broader market uncertainty and macroeconomic headwinds. While financial markets remain on edge due to trade tensions and recession fears, the crypto space has found renewed energy, and Cardano appears to be one of the beneficiaries. For ADA, the key lies in holding current support levels and making a clean push above resistance. A breakout above the $0.75–$0.80 range could open the door to a strong rally, potentially targeting psychological levels like $1.00 if the broader market cooperates. This bullish outlook is reinforced by compelling on-chain data. Martinez shared data revealing that whales accumulated over 410 million ADA in April alone, a clear sign of growing confidence among large holders. Historically, such accumulation patterns have preceded strong upward movements for Cardano. The scale of buying in recent weeks signals that influential players are positioning for a continuation of the rally. As Bitcoin and Ethereum push into higher levels, altcoins like ADA are poised to follow. If Cardano can reclaim higher ground and sustain momentum, it could soon emerge as a leader in the next phase of the market cycle. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause? ADA Price Holds Steady As Bulls Eye Key Resistance Cardano is currently trading at $0.69 after several days of tight consolidation between the $0.67 support and the $0.75 resistance zone. Despite market-wide volatility, ADA has managed to maintain its footing above the key $0.66 level — a support that continues to preserve the bullish structure in the short term. To confirm a full-fledged rally, bulls must reclaim the 200-day moving average (MA) around $0.77. This technical level has acted as a ceiling since the last major pullback and now serves as the primary upside hurdle. A successful break above it could ignite fresh buying momentum and open the path toward the $0.85–$0.90 range. Until then, ADA remains in a neutral-to-bullish zone. The $0.66 support is critical — a breakdown below it could flip short-term sentiment and invite deeper corrections toward the $0.60 region. However, holding this level would maintain a higher-low structure and signal underlying strength. Related Reading: HYPE Confirms Strength With Solid Throwback Response – Bullish Reversal? With the broader crypto market showing signs of recovery, Cardano’s ability to hold support while gradually pressing against resistance could set the stage for a breakout. Traders are closely watching volume and price reaction near the $0.75–$0.77 zone to confirm the next major move. Featured image from Dall-E, chart from TradingView
According to Gowanus Monster in a recent post on X, Cardano (ADA) appears to be carving out an inverse Head and Shoulders (H&S) bottom formation on the daily chart—an increasingly credible signal that could mark a major shift in its price trend. This bullish reversal structure, which features a lower low (head) flanked by two higher lows (shoulders), is typically seen near the end of a downtrend and often precedes a sustained upside move. If the price continues to respect the formation and approaches the neckline with increasing volume, it could set the stage for a breakout. Such a move would serve as a strong bullish confirmation and may kick off a meaningful upward trend. Neckline Break Confirmation: The Key To Validating The Bullish Reversal One of the most crucial elements underscored in the Gowanus Monster detailed analysis is the well-established downtrend that precedes the formation, an essential criterion for a valid bullish reversal. Related Reading: Cardano (ADA) Bulls Push for Breakout — Is a Sharp Rally Next? Adding further credibility to the setup, Gowanus Monster pointed out the notable symmetry of the pattern. The left and right shoulders are well balanced in height and duration, a classic trait of a bottom. This kind of proportionality enhances visual clarity and increases the likelihood that the pattern will resolve to the upside. Historical data shows that symmetrical structures often have higher breakout success rates, which strengthens confidence in this particular scenario for Cardano. He also emphasized the importance of the outer neckline, currently positioned near the $0.774 level. This key resistance zone is even more significant because it aligns with the 200-day moving average. The convergence of the neckline and the 200MA creates a technical inflection point that could determine the next phase of ADA’s price action. According to Gowanus Monster, a daily close above the neckline and the 200-day MA would confirm the inverse Head and Shoulders pattern and serve as a strong breakout signal from bearish to bullish. Until that confirmation occurs, traders are advised to stay alert and watch how ADA behaves around this pivotal level, as failure to break through could delay or invalidate the bullish scenario. Inverse Head And Shoulders Price Target For Cardano Conclusively, Gowanus stated that once this breakout is confirmed, it could result in a potential upside target near the $0.98 mark. This level isn’t arbitrary; it reflects the approximate height of the pattern added to the breakout point, offering a realistic price objective based on historical chart behavior. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Reaching $0.98 would mark a significant recovery from Cardano’s recent lows and attract renewed investor interest. Such a move may re-establish bullish sentiment in the Cardano dynamics, particularly if it coincides with rising volume and improving market conditions. Featured image from Adobe Stock, chart from Tradingview.com
Cardano has surpassed Ethereum in central developer activity, a dramatic turn that disputes its long-held status as a “ghost chain.” The development has kindled fresh optimism among investors that Cardano’s price may soon experience significant increases. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed Developer Numbers Reflect Shocking Flip According to data platform Cryptometheus, Cardano now ranks first in blockchain development with 21,439 GitHub commits over the past 12 months. These commits span 550 core repositories, putting Cardano ahead of Ethereum’s 20,962 commits during the same period. The data indicates activity in 12 fundamental Cardano projects, with the wider ecosystem demonstrating activity in 36 projects. This wave of developments has driven activity in 4,276 GitHub repositories, offering tangible proof to counter accusations that Cardano is not being utilized in the real world. Ethereum Faces Increased Competition Ethereum’s ranking in second place is what some refer to as an “underwhelming year” for the network. The network lagging behind in terms of developer numbers comes as Cardano founder Charles Hoskinson speculates that Ethereum will collapse by 2040. Hoskinson cites several reasons for his prediction: old tech, layer 2 solution fragmentation, and declining developer participation. This criticism comes at a sensitive moment since Ethereum is also struggling with Internet Computer, which is currently ranking third in developer activity. The Ethereum Foundation has set out a new vision for scaling its layer 1 capabilities, which could reverse the trend of developer disengagement. Price Predictions Follow Development Success Cardano’s cryptocurrency, ADA, is currently trading at $0.69 and seems to be maintaining crucial support levels. This steadiness, coupled with the uptick in developer activity, has prompted analysts to forecast substantial price increases. Crypto analyst “Token Talk” proposes ADA might observe a 100% jump to $1.20-$1.30 within the existing market cycle. Looking further down the line, the analyst estimates a possible value of $10 by 2029. $ADA sideways around $0.70, but holding key support! ???? Analysts eye potential 100% recovery to $1.20-$1.30. Long-term bullish case for $10 by 2029! #Cardano #ADA #Crypto #Bullish pic.twitter.com/tUeVXJaRlM — Token Talk (@TokenTalk3x) April 29, 2025 Technical indicators are also supportive of shorter-term optimism. The golden cross pattern has traders looking for the $1 level, with around $20 million of ADA having just transferred off exchanges recently – widely regarded as a bullish sign. Related Reading: Bold Call: Bitcoin Could Soar To $210K This Year, Says Research Chief Strategic Partnerships Fuel Ecosystem Growth Cardano is making efforts to expand its ecosystem with strategic alliances, such as an upcoming integration with XRP for its Lace Wallet. As reported, the alliance is intended to establish mutual gains for both blockchain networks. The alliance will look to improve price performance for both tokens as well as increase the real-world uses of their respective ecosystems. The move is consistent with Cardano’s overall effort to drive up adoption and use on its platform. For Cardano enthusiasts, the convergence of top developer metrics, strategic collaborations, and upward price indicators portends that the project might be finally shaking off its “ghost chain” stigma. Featured image from Techbuild Africa, chart from TradingView
Cardano (ADA) is hovering at $0.71, but the weekly structure that veteran chartist Maelius (@MaeliusCrypto) published on X suggests that the lull may be only a pause before the next leg higher. The analyst’s chart compresses seven years of ADA/USD history into one pane and shows that – despite a 45 % retracement from the late-2024 peak – the coin has not violated the rising dashed trend-line that has connected every cycle low since the 2020 Covid panic. Cardano Price Ready For Liftoff? In fact, the most recent dip stopped inside a long-standing demand band that now stretches from roughly $0.57 to $0.78 and immediately printed a textbook higher low (HL) while never closing a week beneath that dynamic support. Price action is again trading above the 50-week exponential moving average, currently near $0.66, after reclaiming it with two decisive green candles. Back in March 2024 the same moving average acted as a springboard for a vertical breakout that carried ADA to a higher high (HH) just shy of $1.31 – the top of the dotted, upward-sloping channel that has contained every impulsive rally since 2020. Because the upper channel boundary now lies close to $1.50, Maelius argues that a clean break of the demand zone could unleash enough momentum to retest that ceiling. Related Reading: Cardano Price Set For 300% Explosion With Major Bullish Impulse Momentum gauges back the thesis but have not yet flashed full confirmation. The weekly relative-strength index sits at 49 and has been squeezing into a falling wedge since the March high; it is carving a sequence of higher lows that mirrors price, yet the down-sloping resistance line – drawn from the HH reading near 82 – still caps any advance. The Wave-Trend Oscillator tells a similar story: it produced a glaring bearish divergence at the 2024 top, bled into oversold territory around −50, and is only now curling upward, with the fast and slow curves on the verge of a bullish cross. “ADA looks dope, or is just me?! Would like to see RSI breakout w/ decisive move on WTO to get super-confident, but price will be higher when (and if) we get it,” Maelius wrote when he released the chart. In other words, momentum confirmation may lag behind price, as it did in previous cycle accelerations during 2020 and 2023. Related Reading: Cardano Sets Voting Record: Nearly 100% Of 4.6 Billion ADA Cast Via Delegates From a pure market-structure perspective, ADA remains in an unbroken sequence of higher highs and higher lows on the weekly chart, the prevailing down-trend line from the 2021 record high was breached more than a year ago, and the recent correction resembles nothing more sinister than a throw-back to new support. As long as weekly candles respect the lower edge of the grey demand block (~$0.57) and the multi-year rising trend-line, the path of least resistance points north – with the next confluence of resistance stacked near $0.81 (the March-2024 swing high) as well as the December 2024 high at $1.31 and the upper channel wall around $1.50. Should the RSI pierce the 60 level and the Wave-Trend Oscillator confirm with a bullish cross, Maelius contends that the market will already be trading at materially higher prices, validating his conviction that a fresh surge is only a matter of time. At press time, ADA traded at $0.709. Featured image created with DALL.E, chart from TradingView.com
Cardano price started a fresh increase from the $0.620 zone. ADA is consolidating near $0.70 and eyes more gains above the $0.720 zone. ADA price started a recovery wave from the $0.650 zone. The price is trading above $0.680 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7180 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.720 resistance zone. Cardano Price Faces Resistance In the past few sessions, Cardano saw a fresh decline from the $0.7350 level, like Bitcoin and Ethereum. ADA declined below the $0.720 and $0.70 support levels. A low was formed at $0.6826 and the price is again moving higher. There was a move above the $0.70 level. The price cleared the 50% Fib retracement level of the recent decline from the $0.7338 swing high to the $0.6826 low. Cardano price is now trading above $0.680 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7150 zone and the 61.8% Fib retracement level of the recent decline from the $0.7338 swing high to the $0.6826 low. There is also a connecting bearish trend line forming with resistance at $0.7180 on the hourly chart of the ADA/USD pair. The first resistance is near $0.7250. The next key resistance might be $0.750. If there is a close above the $0.750 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.780 region. Any more gains might call for a move toward $0.80 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.7150 resistance level, it could start another decline. Immediate support on the downside is near the $0.70 level. The next major support is near the $0.680 level. A downside break below the $0.680 level could open the doors for a test of $0.630. The next major support is near the $0.6175 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.7000 and $0.680. Major Resistance Levels – $0.7150 and $0.7340.
Record-breaking turnout characterised Cardano’s latest governance vote, with almost all tokens on the network contributing to the decision-making process. Per numbers, Input Output Global (IOG) CTO Romain Pellerin presented, 99.5% of the 4.657 billion ADA in delegated stake was employed in casting votes through the Delegated Representatives system on the network. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says Vote Results Indicate High Support For Proposal The breakdown of voting showed decisive community sentiments. Among all votes cast, 76% or 3.57 billion ADA were for the suggested measure. Opposing it were 918 million votes, while 169 million were no-confidence votes. A minuscule percentage—only 0.5% of the stake delegated—chose not to cast their vote. This voting session is a milestone in what Cardano refers to as its “Voltaire governance era,” named after the French Enlightenment author and philosopher. #Cardano decentralized governance in action: 99.5% participation of ADA 4.657B delegated stake???? https://t.co/yCpHQ7zCKe — Romain Pellerin (@rom1_pellerin) April 25, 2025 How Cardano’s Liquid Democracy Model Works According to reports from network developers, Cardano has adopted a “liquid democracy” governance model that provides ADA holders with flexibility in their engagement. In this model, token holders can delegate their governance authority to Delegated Representatives (DReps) while retaining full control of their funds. The voting power of such representatives is proportionate to the amount of ADA they are assigned. ADA holders are not tied down to their decisions either—they can sell voting rights whenever they want, thus maintaining continuous control over who acts on their behalf. DReps vote on all kinds of network-wide proposals, ranging from technical hard forks to treasury fund allocation decisions. Recent Hard Fork Enabled Full Governance Features The governance functionality exhibited in this ballot came into full effect after the Plomin hard fork finished in January 2025. This network update enabled core functionality of Cardano’s governance system, such as treasury withdrawals, and made DReps’ role official in the ecosystem. BREAKING: Cardano has recorded a staggering 99.5% voter turnout in its latest governance vote. Making Cardano one of the most decentralized and actively engaged ecosystems in the world. pic.twitter.com/M1tUP2kN1v — TapTools (@TapTools) April 25, 2025 Related Reading: Ethereum ‘Heating Up’ – Address Activity Jumps Nearly 10% In 2 Days Following this technical upgrade, ADA holders had a number of participation choices. They were able to vote directly on proposals, delegate their voting power to a DRep of their choice, abstain entirely, or cast a formal vote of no confidence. One such design consideration highlighted by developers included the aspect of preserving unchanged staking rewards for ADA holders that did not engage in governance activities. This practice reflects pre-hard fork operations, enabling smooth transition to the new governance system. The large turnout for this initial significant vote indicates that the community has accepted Cardano’s governance model, which combines representative voting with freedom of action for individual token holders. At the time of writing, ADA was trading at $0.72, up 15% in the last seven days, data from Coingecko shows. Featured image from MoneyCheck, chart from TradingView
The Cardano price is showing strong signs of a breakout, with a technical analyst pointing to a massive 300% explosion on the horizon. If the current pattern holds, ADA could be gearing up for a major bullish impulse that could push prices as high as $2.65 within the next few months. Master Ananda, a crypto analyst on TradingView has released a new chart report predicting that Cardano will experience a staggering 300% price surge in the next three months. The analyst’s firm bullish outlook for ADA stems from the formation of a Falling Wedge pattern on the cryptocurrency’s monthly chart. Cardano Price Aims For 300% Rally A Falling Wedge is a distinctive reversal chart pattern that suggests a potential bullish reversal after a period of decline. This pattern had been forming on the Cardano price chart since January 2025, characterized by a series of lower highs and lower lows, gradually tightening within the structure. Currently, the Cardano price has broken to the upside of the Falling Wedge, signaling a potential end to the cryptocurrency’s prolonged correction phase and the beginning of a new bullish phase. Related Reading: Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery Adding fuel to this optimistic outlook, Master Ananda revealed that ADA had formed a higher low on April 7, 2025, which aligns with the critical support zone near the $0.57-$0.60 range. The analyst views this move as a confirmation that Cardano may have reached a bottom, supported by a prior long lower wick in early February that highlighted significant buying pressure. Based on Cardano’s current technical setup, Master Ananda forecasts that the cryptocurrency will see a 300%+ increase to $2.65. This bullish target aligns with the 2.618 Fibonacci Extension level on the price chart. With Cardano currently trading at $0.7, the analyst anticipates a breakout through multiple key Fibonacci Extension levels, each serving as a future price target. The first major target lies at the 0.382 Fib, which aligns with the $0.81 level. From there, the Cardano price is expected to climb past the 0.5 Fib at $0.91, the 0.618 Fib at $1.01, and the 0.786 Fib at $1.14. If momentum persists, ADA could then rally toward a high target of $1.3 before skyrocketing to the 1.618 Fib at $1.83. Once it successfully crosses this level, the cryptocurrency is expected to reach its final projected target of $2.65 in this analysis. ADA Set For Long-Term Bullish Growth According to Master Ananda’s analysis, ADA’s current price action is just the beginning of a mid-term bullish impulse that could extend well into Q3 2025. While short-term price swings are expected, the underlying structure of the Falling Wedge pattern suggests Cardano is entering a sustained growth phase. Related Reading: Cardano Price Breaks Out Of Prolonged Bearish Trend Toward $0.7, Here’s The Next Target Furthermore, the TradingView analyst has revealed that the projected move to $2.65 is not the top of the cycle but part of a much larger trend. He stresses that this long-term bullish growth will not happen overnight. However, as long as prices hold above the 0.236 Fibonacci support at $0.69, long positions are expected to remain secure. Featured image from Adobe Stock, chart from Tradingview.com
Cardano (ADA) may experience explosive price appreciation in the near future, with some experts projecting more than 1,000% gains, based on recent market movements. The cryptocurrency, which is currently valued at $0.64, may be on the verge of a major breakthrough if current trends continue. Related Reading: XRP Price Prognosis: Analyst Sees $14 In Spite Of Current Troubles Technical Trends Indicate Hope For ADA After not following through above a symmetrical triangle on Monday, Cardano has now broken above this significant pattern. Initial reports predicted this breakout would trigger a 25% rise to $0.80 in the short term. The token has lagged behind lately, 50% off its 2023 high of $1.327 and 80% below its all-time high of $3.16. Crypto analyst Deezy on X called on ADA investors to stay calm in times of present price volatility. His projection is based on a possible 1,000% spike that would bring the price to a record $7.09. Cardano is on pace for 1000% gains Just be patient and HODL pic.twitter.com/aKp0L7fmNT — Deezy (@deezy_BTC) April 21, 2025 Historical Cycles Back Bullish Prediction Deezy’s forecast is based on Cardano’s past market cycles. From his analysis, ADA has previously reached its high on an uptrend line that has continued since its market introduction. This pattern was replicated in January 2018, when the token reached $1.31 again in August 2021 when it attained a record-breaking high of $3.1. If history were to repeat, one can see trendline resistance sitting at about $7.09, granting a 10-fold reward from current prices for Cardano. Multiple Analysts See Upward Path Meanwhile, market expert Crypto Patel said that Cardano is still alive and kicking and foresees a massive rally to $5. Patel says the setup for such growth is easy but warns that patience will be required. His technical insight depicts ADA trading within an ascending channel, and price action like what fueled its rally to the 2021 all-time high. Patel sets a key support at $0.45 and paints an accumulation period between $0.45 and $0.65 before potentially rallying to three targets at $2, $4, and $6. Related Reading: Pi Network Frenzy Builds: $5 Prediction As Whales Take Out Millions Near-Term Forecast More Conservative Long-term prospects are very favorable, yet shorter-term expectations point to modest growth, with current technicals supporting Cardano’s rise by 18% to $0.75 by May 22, 2025. As per the current evaluation, the market sentiment on ADA is considered neutral at 54 on the Fear & Greed Index. In the last 30 days, Cardano had 15 up days (50% of the time), with price volatility remaining at 7.20%. These contrasting projections highlight that such speculation is rampant in crypto markets as analysts are reading different signals from the same price charts. While some look forward to record growth, others see it giving them tiny rewards in the near term. Featured image from Unsplash, chart from TradingView
Amid the market recovery, Cardano (ADA) has seen a 5% daily surge to retest the $0.66 level. Its recent price action has led the cryptocurrency to break out of a bullish formation, which could propel ADA to a key resistance zone. Related Reading: Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? Cardano Breakout Eyes 27% Move On Tuesday, Cardano followed Bitcoin’s price jump and climbed to the $0.66 resistance, attempting to break above the key level for the third time this month. ADA has been in a downtrend since hitting its 3-year high of $1.32 in December 2024, retracing over 50% in the past four months. In March, the cryptocurrency surged 80% toward the $1.17 mark, driven by US President Donald Trump’s initial announcement of a “Crypto Strategic Reserve” comprised of ADA, XRP, and Solana (SOL). However, after the White House’s Crypto Czar, David Sacks, explained that the listed cryptocurrencies were used as an example of leading tokens, ADA’s price retraced to the $0.70-$0.80 range. Amid the late March retraces, Cardano lost the $0.70 mark, falling to the $0.50-$0-55 zone in early April. This month, the cryptocurrency has retested the $0.66 level but has been rejected twice. Today, it attempted to break this level again but was rejected a third time. Nonetheless, analyst Ali Martinez pointed out that ADA has broken out of a symmetrical triangle pattern amid its current performance. Cardano has been consolidating within a symmetrical triangle formation throughout April, setting the stage for a 27% price move. After surging above the $0.63 mark, ADA broke out of the pattern, eyeing a surge toward the $0.77 resistance next. ADA Preparing For Key Retests Analyst Sebastian noted that the cryptocurrency “is brewing,” as it’s moving within a four-month descending channel. ADA has bounced toward the upper boundary, which has served as resistance, each time it has retested the lower trendline as support. After the recent drop to $0.50, Cardano could retest the upper boundary soon, at around the $0.80 price range. Moreover, the analyst pointed out that the token is currently breaking out of an Inverse Head & Shoulders pattern within the descending channel, which could see the cryptocurrency surge toward the key resistance level. Another market watcher suggested that the cryptocurrency could be following its 2020-2021 pattern. According to the chart, once ADA broke out of its bear market rally levels, it reached a new cycle high, followed by a retest of the bear market rally as support. Related Reading: Analyst Says “The Clock Is Ticking” For XRP — Here’s Why After breaking out of the downtrend, it rallied toward its all-time high (ATH) of $3.09 in the coming months. “If ADA broke out this week and followed the same pattern as last cycle, it would be on track to hit a new ATH in the middle of August,” the analyst asserted. Meanwhile, Dan Gambardello affirmed that Cardano’s biggest resistance is at the $3 mark, “where a lot of people have regret for not selling last cycle.” The analyst forecasted that once ADA hits ATH levels, its pump “will probably pause in that general area with a lot of volatility, and then continue to $5. It’ll be like a crypto bus stop.” Featured Image from Unsplash.com, Chart from TradingView.com
An analyst has pointed out how Cardano is currently breaking out of a Triangle pattern, a signal that could be bullish for ADA’s price. Cardano Has Surged Beyond Triangle Resistance Line In a new post on X, analyst Ali Martinez has talked about a technical analysis (TA) pattern forming in the hourly price of Cardano. The pattern in question is a Triangle, which forms when an asset consolidates between two converging trendlines. The upper trendline is likely to act as a source of resistance in the future, while the lower one can provide support. Just like in many other TA consolidation patterns, a break beyond either of these lines can imply a continuation of the trend in that direction. Related Reading: Bitcoin Mega Whales Keep Buying—Is Rest Of Market Finally Catching Up? The trendlines being convergent means that as the price travels inside this type of consolidation channel, its range gets progressively narrower, until it compresses down to a point. There are a few different types of Triangles in TA. The most popular variants include the Ascending, Descending, and Symmetrical Triangles. In the context of the current topic, the relevant Triangle is closest to the third of these. In this pattern, trendlines converge with each other at a roughly equal and opposite slope toward a midpoint. Below is the chart shared by the analyst that shows the Triangle that Cardano was trading inside until the past day. As is visible in the graph, Cardano had been moving inside this Triangle for almost three weeks, before a break arrived in the past day. Just prior to the break, the coin had nearly approached the apex of the triangle, meaning its consolidation had turned very tight. Generally, as an asset’s range becomes narrower, a breakout becomes more likely. Yesterday, before ADA found its break, the analyst had shared the same chart for the Triangle, noting the stage was set for a move. Martinez had noted that this move could potentially be a swing to equal to 27%, based on the height of the Triangle from the lowest price bottom. The question was which direction the breakout might occur in. In Symmetrical Triangles, a breakout is equally likely in both directions. The Triangle that Cardano had been following wasn’t a perfect Symmetrical Triangle, though, as it had a slight ascending bias to it. This means that a break toward the upside may have been more probable, although only slightly. Related Reading: This Bitcoin Bear Confirmation Is Yet To Appear, Glassnode Reveals This slight advantage in likelihood seems to have worked out for ADA this time, as its price has now witnessed a surge above the upper resistance line. It now remains to be seen whether this move would grow into a 27% one that the Triangle’s height hints at or not. ADA Price At the time of writing, Cardano is floating around $0.64, up more than 4% in the last seven days. Featured image from iStock.com, charts from TradingView.com
Cardano is now entering a critical phase after enduring weeks of massive selling pressure and heightened market uncertainty. While the broader crypto market remains fragile due to rising macroeconomic tensions and geopolitical risks, ADA has managed to bounce back, gaining 25% from its early April lows. This recovery has sparked cautious optimism among bulls who believe momentum could continue if key resistance levels are reclaimed. Related Reading: Ethereum Price Stalls In Tight Range – Big Price Move Incoming? However, the rebound hasn’t gone unnoticed by larger players. According to on-chain data from Santiment, whales have taken advantage of the recent price upswing to offload more than 180 million ADA in just the past five days. This aggressive distribution suggests that while retail and mid-sized investors may be expecting a rally, some of the largest holders are opting to exit their positions. The contrasting behavior between whales and smaller cohorts reflects the broader market’s uncertain state. With no resolution in sight to the ongoing trade conflict between the US and China, and fears of a global economic slowdown mounting, bullish conviction remains fragile. The coming days will be pivotal for Cardano, as price action and on-chain signals continue to diverge in a market desperate for clarity. Cardano Whale Activity Sparks Debate Over Trend Direction Cardano is now testing a critical demand zone that may determine whether the recent recovery is sustainable or simply a temporary pause in a larger downtrend. After a steady decline that began in early March, ADA is attempting to establish support as global macroeconomic tensions continue to pressure financial markets. With investors growing increasingly risk-averse, many have chosen to offload both altcoins and Bitcoin to shield their portfolios from escalating volatility and negative sentiment surrounding trade conflicts, inflation, and regulatory uncertainty. Despite these headwinds, some analysts believe a potential breakout could emerge once current economic pressures begin to ease. But recent whale behavior has raised concerns. According to top analyst Ali Martinez, whales took advantage of ADA’s recent price upswing by offloading over 180 million tokens in just the past five days. This move has sparked debate over whether whales are simply securing profits before further uncertainty—or signaling a deeper continuation of the downtrend. If Cardano manages to hold its current support levels and attract renewed buying interest, a short-term rally may still be in play. However, failure to defend this zone could confirm bearish continuation, pushing ADA into lower territory. With market sentiment split and high-stakes developments unfolding globally, ADA’s next move could set the tone for its performance throughout the quarter. Related Reading: Solana Turns Bullish On 8H Chart – Break Above $147 Could Confirm New Trend ADA Stalls Below Resistance As Bulls Face Critical Test Cardano (ADA) is currently trading at $0.63 after several days of sideways movement and failed attempts to break above the $0.66 resistance zone. This level has capped recent upside momentum, signaling that bulls are struggling to gain control in the current environment of macroeconomic uncertainty and risk-off investor sentiment. To confirm a true bullish reversal and break the broader downtrend, ADA must reclaim the $0.75 level, which is aligned with the 200-day moving average. A decisive move above this mark would reestablish long-term strength and could open the door to a sustained recovery rally. Until then, ADA remains in a vulnerable position, caught between key resistance and fragile support. Related Reading: Over 1.9M Ethereum Positioned Between $1,457 And $1,598 – Can Bulls Hold Support? On the downside, losing the $0.60 level could trigger another wave of selling pressure. Such a move would likely push the price back toward the $0.50 support zone, a level not seen since earlier this year. As global markets remain on edge amid geopolitical tensions and investor uncertainty, ADA’s next move will depend on whether bulls can generate enough momentum to flip key resistance or risk further downside if sellers take over. Featured image from Dall-E, chart from TradingView
The Cardano price may be preparing for a powerful rally toward $1.7, as new indicators suggest a potential recovery. A leading crypto analyst has identified multiple bullish catalysts that could drive ADA’s momentum and help propel the cryptocurrency to this bullish target. Institutional Interest To Fuel Cardano Price Recovery According to a recent technical analysis by a pseudonymous TradingView analyst, ‘Risk_Adj_Return,’ the Cardano price is suddenly showing signs of recovery after a period of sluggish performance. This seemingly bullish turnaround has sparked predictions of a potential surge to $1.7. Related Reading: Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone According to the analyst’s report, several factors have been fueling ADA’s recovery. Despite its downtrend, large spot purchases have been observed, hinting at growing interest from institutional investors. The analyst also mentioned that political developments from key figures, such as US President Donald Trump, could spark further bullish sentiment for Cardano. Although many of the present institutional buy-ins for Cardano have been followed by sell-offs, possibly from short-term traders, the sheer volume suggests that major players are closely watching the market. Part of this renewed institutional interest is attributed to the US Federal Reserve (FED) and broader macroeconomic signals. Investors may be hoping for a shift in monetary policy or clear signs of easing inflation in the upcoming FOMC meeting, as this could boost risk assets like ADA. Any alignment between the Cardano price action and the FED decision could become a significant catalyst for upside momentum. In his Cardano price chart, the TradingView analyst highlighted a bullish long trade setup on the 4-hour timeframe, utilizing the Heikin-Ashi candles. The trading strategy is supported by multiple take-profit levels, with the entry point marked near Cardano’s current price range. A clear stop loss has also been placed just below the local support to manage downside risks. The trade plan involves three key take-profit levels: $0.73, $0.96, and $1.21. These targets align with previous resistance zones, allowing traders to potentially lock in gains before ADA reaches its ultimate upside target of $1.74. ADA Breakout Unlikely Amid US Trade Tensions The Cardano price is showing signs of strength, according to a market expert, ‘AMCrypto’, who notes that it is holding firm at a critical ascending support trendline on the 4-hour chart. After a recent decline, ADA bounced off the trendline, maintaining the bullish structure of an Ascending Triangle. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Currently trading around $0.61, Cardano still faces resistance at $0.67. A confirmed close above this threshold could signal a breakout, potentially propelling its price toward the $0.73 – $0.75 range. However, despite these bullish technicals, macroeconomic uncertainty remains a key obstacle to ADA’s breakout potential. The ongoing US-China trade war tensions continue to fuel market volatility, creating headwinds for a sustained rally. The current market decline and instability fueled by this trade war have also kept many investors on the sidelines as they await stability. Featured image from Pixabay, chart from Tradingview.com
A slump in majors came as Chinese stocks in Hong Kong extended their losses to as much as 2.9% after Wednesday’s open despite the Chinese economy growing 5.4% in the first quarter.
Cardano price started a fresh decline from the $0.680 zone. ADA is consolidating near $0.620 and remains at risk of more losses. ADA price started a recovery wave from the $0.5850 zone. The price is trading below $0.640 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.640 resistance zone. Cardano Price Faces Resistance In the past few sessions, Cardano saw a fresh decline from the $0.680 level, like Bitcoin and Ethereum. ADA declined below the $0.650 and $0.640 support levels. A low was formed at $0.6040 and the price is now consolidating losses. There was a minor move above the $0.6120 level. The price tested the 23.6% Fib retracement level of the recent decline from the $0.6481 swing high to the $0.6040 low. Cardano price is now trading below $0.640 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.6260 zone and the 50% Fib retracement level of the recent decline from the $0.6481 swing high to the $0.6040 low. The first resistance is near $0.6350. There is also a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the ADA/USD pair. The next key resistance might be $0.6480. If there is a close above the $0.6480 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.680 region. Any more gains might call for a move toward $0.70 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.6350 resistance level, it could start another decline. Immediate support on the downside is near the $0.6040 level. The next major support is near the $0.60 level. A downside break below the $0.60 level could open the doors for a test of $0.580. The next major support is near the $0.5550 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.6040 and $0.580. Major Resistance Levels – $0.6350 and $0.6480.
Cardano (ADA) is flashing early signs of a potential breakout, with its latest chart structure suggesting that the bulls may be preparing for a major upside move, Thomas Anderson’s analysis. After weathering recent market volatility, ADA has carved out a base of support and is beginning to show constructive price action marked by rising lows and increasing buying interest. This shift hints that momentum is gradually tilting back in favor of the bulls. As the market eyes a recovery, ADA’s setup places it in a favorable position to capitalize on renewed bullish sentiment. Should momentum continue building and resistance levels break, Cardano could be on the verge of unlocking a powerful rally that pushes it toward new highs in the sessions ahead. Breaking Down The Key Chart Patterns: Why Cardano Is Poised For Growth In a recent post on X, analyst Thomas Anderson highlighted that Cardano is currently consolidating within a descending triangle pattern on the 1-hour timeframe, a formation often associated with potential breakout scenarios. He noted that the price is hovering near the lower boundary of the triangle at approximately $0.6292, a level that has provided support in recent sessions. Related Reading: The Cardano Anomaly: ADA Quiet Now, But The Math Says Otherwise Adding to the cautious tone, Thomas stated that Cardano is still trading below the 200-period moving average. Anderson explained that the inability to break above this moving average shows that bulls are struggling to gain control in the short term. However, the proximity to support and resistance levels could set the stage for a major price reaction. He highlighted that the 4-hour chart shows Cardano attempting a recovery, forming higher lows, which suggests growing bullish momentum. However, ADA faces significant resistance at $0.6974 and the 200-period moving average, causing bearish pressure. What The Bulls Need To Break Through According to Thomas, the $0.6974 resistance level plays a crucial role in determining ADA’s next move. A successful breakout above this level could confirm Cardano’s bullish outlook. If the bulls manage to defend the lower support level and volume starts to increase, there’s a strong possibility that ADA might break out to the upside, pushing past the resistance and completing the pattern. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe On the other hand, should Cardano fail to maintain support at $0.6292, it would trigger a deeper correction, dragging the price toward lower support levels. The immediate focus would then shift to areas around $0.60 and $0.58, which are crucial for the continuation of the uptrend. Once these levels are breached, it could signal a shift in market sentiment. Featured image from iStock, chart from Tradingview.com
An analyst has explained how Cardano is retesting the support line of a technical analysis (TA) pattern, losing which could spell a bearish outcome for the coin. Cardano Is Currently Trading Inside A Descending Channel In a new post on X, analyst Ali Martinez has talked about a pattern forming in the 3-day price of Cardano. The pattern in question is the Descending Channel from TA, which occurs when an asset observes consolidation toward a net downside between two parallel trendlines. The top line tracks successive lower highs in the price and the bottom one lower lows. When the cryptocurrency is inside the channel, it’s probable to encounter resistance at the former and support at the latter. Related Reading: Bitcoin Sharks & Whales Show Highest Growth Since Feb: Confidence Returning? In the scenario that either of these levels don’t hold up during a retest, the asset can witness a breakout in that direction. This means that a surge above the channel can be a bullish sign, while a fall under it a bearish one. Now, here is the chart shared by the analyst that shows the Descending Channel that the 3-day price of Cardano has been trading inside for the last few months: As is visible in the above graph, Cardano found a rebound near the bottom of the channel earlier in the month, although it didn’t actually go low enough to make a proper retest of it. Since the recovery, the 3-day price of the cryptocurrency has returned to the midway line of the channel, situated at around $0.63. During the last few months, the coin has interacted several times with this line, with the latest instance being last month. Back then, the asset initially found support at the level, but before long, the downtrend resumed and it fell below. With ADA once again retesting this line, it will be interesting to see what trend follows this time. Related Reading: Bitcoin Dominance: BTC’s MVRV Outpaces ETH’s For Record 812 Days If Cardano ends up losing the line and a decline takes place, then the asset’s next destination could be the $0.54 mark, according to Martinez. Such a drop would mean a decrease of almost 17% from the current spot price. Like the Descending Channel, there is also a pattern in TA known as the Ascending Channel. This one naturally occurs when the consolidation is toward the upside instead. As the analyst has pointed out in another X post, XRP has been trading inside such a channel in the short term. “XRP is trading within an ascending triangle, with key resistance at $2.22,” notes Martinez. “A breakout could spark a move toward $2.40.” ADA Price At the time of writing, Cardano is trading around $0.65, up around 20% in the last week. Featured image from Dall-E, Shutterstock.com, charts from TradingView.com
XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength in a signal of potential short-term price recoveries, data indicates.
Despite rolling out a large number of upgrades and innovations, the Ethereum price continues to lag behind Bitcoin (BTC) by a wide margin. Reports reveal that ETH has suffered a staggering 77% price crash against BTC — a decline likely fueled by a mix of technical, macro, and sentiment-driven factors. Notably, On-chain analytics platform, Santiment has now pinpointed and broken down the key reasons behind these price struggles. Ethereum Price Nosedives Against Bitcoin On April 11, Santiment released a detailed report on Ethereum, highlighting its almost four-year underperformance and the reasons behind it. Ethereum, once revered as the cryptocurrency most likely to dethrone Bitcoin, has recently suffered a brutal price decline when measured directly against BTC. Related Reading: Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer According to Santiment’s on-chain data, Ethereum has crashed by approximately 77% against Bitcoin since December 2021. While the dollar value of ETH hasn’t completely collapsed, especially compared to other altcoins, the long-term BTC/ETH ratio still paints a gruesome picture for Ethereum holders. Notably, Ethereum has also failed to recover anywhere near its November 2021 all-time high of $4,760. In contrast, Bitcoin has surged ahead, reclaiming much of its market dominance and outpacing ETH across almost every timeframe. This disparity has led many traders and former maximalists to compare ETH to a “shitcoin.” Even worse, various mid to low-cap altcoins have already outperformed Ethereum over the short, mid, and long-term timeframes, causing further embarrassment for the world’s second-largest cryptocurrency by market capitalization. Based on Santiment’s report, the ETH/BTC price ratio chart alone is enough to trigger doubt and uncertainty among long-term holders. Behind The Scenes Of Ethereum Price Struggles Beyond price action and market volatility, Santiment reveals that there are fundamental reasons for Ethereum’s sluggish performance over the years. Some of the major criticisms that analysts and traders have pinpointed include technical, sentimental, and regulatory issues. Related Reading: Ethereum Goes Head To Head With XRP: Analyst Says ETH Will Outperform For This Reason Ironically, Ethereum’s Layer 2 solutions are one of the key drivers of its underperformance. L2 solutions like Arbitrum, Optimism, and zkSync are reportedly cannibalizing activity on the mainnet, taking investments from ETH while spreading investor attention thin. Secondly, Ethereum seems to struggle with complex roadmaps and communication, which has led to investor confusion. Major updates like The Merge and Shanghai have been difficult for investors to comprehend, making ETH feel less accessible than BTC. Thirdly, users remain frustrated by Ethereum’s relatively high gas fees and the slow rollout of key upgrades. This has pushed them toward more affordable and faster alternatives, significantly reducing adoption. Another primary reason for Ethereum’s crash against Bitcoin is ongoing regulatory concerns. Unlike Bitcoin, which has a more established legal precedent, Ethereum faces constant uncertainty about whether it could be labeled a security. Other points include ETH’s lack of investment appeal. While Bitcoin maintains the title as a stable digital gold, Ethereum appears to be caught in between, having no clear or attractive investment narrative. Moreover, newer blockchains like Solana and Cardano are also attracting a significant number of users with cheaper and faster solutions, ultimately pulling investments away from ETH. The final reason Santiment has identified for Ethereum’s long-term price descent is rising selling pressure. Post-upgrade withdrawals of stakes ETHs have created steady sell-side pressure, limiting growth and momentum compared to Bitcoin. Featured image from Unsplash, chart from Tradingview.com