Despite the recent crypto crash that sent most digital assets tumbling, Ethereum (ETH), Solana (SOL) and Cardano (ADA) have managed to hold their ground. According to latest reports, these three cryptocurrencies are now leading the charts as the most trending coins in the market after the crash. Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? Santiment Unveils Top Trending Cryptos The crypto market took a significant hit after fears of new tariffs implemented by United States President Donald Trump rattled investors and sent digital assets plunging across the board. However, while US stock markets closed, signs of recovery began to emerge across specific cryptocurrencies, with Ethereum, Solana, and Cardano leading the post-crash chatter. According to an X (formerly Twitter) post by Santiment, a market intelligence platform, Solana is now back in the headlines as market analysts closely watch its price action following its crash. The popular meme coin is seeing an increased level of speculative predictions, market trends, and technical chart breakdowns. As a result, SOL is recapturing the attention of retail and institutional investors. There’s also been notable activity within the Solana network as anticipation for a price rebound or breakout keeps spreading. Ethereum is also trending in the crypto market, not just for its prolonged price slump and reaction to the crypto crash, but its ongoing transition to Ethereum 2.0 — a key upgrade focused on scalability and energy efficiency. Santiment notes that analysts are highlighting Ethereum’s network performance during the market stress, showcasing an increase in discussions about the cryptocurrency’s market analysis. There have also been increased price predictions, technical evaluations, and talks about the cryptocurrency’s scalability and adoption. Just like Solana and Ethereum, Cardano is seeing renewed attention as traders assess the cryptocurrency’s position in the broader market. There has been an influx of mentions surrounding Cardano’s market trends, with users speculating on its future price action and potential investments. Forecasts for the ADA price also range widely, with social media buzz and speculative posts fueling the cryptocurrency’s presence on trending charts. While not as widely discussed as ETH, SOL, and ADA, Binance Coin (BNB) has also been showing up in technical forecasts. Santiment reveals that analysts are tracking BNB’s trading ranges and potential price movements, making it a focal point for investors and traders. Related Reading: Solana Slammed By Whale Dump—Can It Recover Or Is More Pain Ahead? Stablecoins Join List Of Trending Assets In addition to the altcoins above, Santiment has disclosed that stablecoins have also joined the list of top trending assets. While Ethereum, Solana, and Cardano experienced major declines after the crypto crash, stablecoins, as their names imply, remained stable against the dollar. Ripple’s newly launched stablecoin RLUSD is trending due to its association with the crypto payments company, which gained significant attention following the completion of its legal battle with the US Securities and Exchange Commission. The stablecoin has been integrated into Ripple’s payment system, improving cross-border transactions and attracting institutional interest. There has also been a significant increase in adoption and trading volume, with crypto exchange Kraken reporting an 87% surge in the latter and a $10 billion growth in the former. Featured image from Gemini Imagen, chart from TradingView
Market prices of Cardano (ADA) increased by over 3% on Friday amid a general bullish wave in the crypto market. However, this minor uptick only follows the largely negative performance earlier seen in the week. Notably, popular crypto analyst Ali Martinez postulates the ninth-largest cryptocurrency could still experience steeper market losses if certain technical support fails to hold. Related Reading: Shiba Inu’s Shibarium Marks 1 Billion Transactions Milestone, But Why Is SHIB Price Still Struggling? Cardano Critical Support Break Could Lead To 36% Decline In a recent post on X, Martinez shares a cautionary insight on the current ADA market structure hinting at a potential price fall. Based on the Fibonacci retracement levels, Martinez’s analysis indicates that Cardano still trades near a vital support zone despite recent gains. The Fibonacci retracement levels are horizontal lines commonly used to identify potential support and resistance zones. They are based on the Fibonacci sequence and are widely used in anticipating a price fall, gain, consolidation, or reversal. Looking at the chart below, ADA currently trades at $0.66 which is just above the 50% Fibonacci retracement level at $0.63 – a price zone that has acted as a resilient support level in recent weeks. Ali Martinez warns a daily close below $0.63 would signal a bearish shift in market control at this level paving the way for a further decline. In this case, Cardano could fall to test the next significant support at the 61.8% Fibonacci retracement level around $0.53. If the selling pressure prevails at this zone, ADA prices could potentially slide to $0.42 representing the 78.6% Fibonacci retracement level. Related Reading: Chainlink Whales Dump Over 170 Million LINK In Three Weeks – Selling Pressure Ahead? What Next For ADA? Cardano has struggled to maintain a prolonged bullish form after reaching a local peak of $1.30 in early December 2024. Since then, ADA prices have been in a corrective phase alongside the broader crypto market. For ADA bulls, defending the $0.63 price level is crucial to sustaining any valid bullish outlook. However, a successful price reclaim of the $0.78-$0.80 price zone would signal an impending price rally and market rebound for the altcoin. At the time of writing, Cardano trades at $0.66 as earlier stated. Amid recent gains, ADA is down by 5.00% on its weekly chart and 33.58% on its monthly chart reflecting a domineering bearish influence in recent weeks. Meanwhile, daily trading volume has gained by 19.56% in the past 24 hours indicating a rise in market interest. This development suggests the recent price rally might be sustainable due to a strong conviction among buyers. Featured image from CoinCentral, chart from Tradingview
Alongside new platform, the foundation also launching the Veridian Wallet, a tool designed to keep personal info secure and let users prove who they are online without the usual hassles.
After weeks of constrained price action and consistently lower highs, Cardano (ADA) appears to have finally broken free from its bearish grip. A recent analysis by crypto trader TehThomas on the TradingView platform confirms that ADA has broken out on the 4-hour chart, which may be marking the beginning of a more significant trend reversal. ADA Breakout Reshapes Market Structure After Downtrend Cardano, like the rest of the crypto market, experienced a bearish trend in March. This bearishness was so intense that it saw the altcoin go from hoping to break above $1 in the first few days of March to the bulls working to prevent a close below $0.65 at the end of the month. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe In terms of price action, the Cardano price held up better than most large market-cap cryptocurrencies throughout this decline. Interestingly, technical analysis shows that Cardano’s price action in the last week of March played out in a descending channel formation, as highlighted by crypto analyst TehThomas. According to the technical analysis, which examined Cardano’s price action on the 4-hour candlestick timeframe, the descending channel that confined Cardano’s price for the past several days was eventually breached in the first few days of April, allowing the asset to snap out of its minor corrective structure. Although limited to the 4-hour timeframe, this development could prove significant in shaping ADA’s trajectory through April. If the momentum holds, more traders may start positioning for a continuation toward higher resistance levels above $0.7 that was easily broken in recent weeks. Golden Pocket And Fair Value Gap Converge: Target Zones To Watch The next challenge lies in reaching a zone that combines two significant technical features: the golden pocket and a Fair Value Gap (FVG). The golden pocket, located between the 0.618 and 0.65 Fibonacci retracement levels, is commonly seen as a strong resistance zone, especially following a breakout. In the case of Cardano, TehThomas identified the golden pocket lying around $0.72. This level here could pose a resistance for any uptrend above $0.70. The $0.72 region is also highlighted by a Fair Value Gap (FVG), created by the quick price fall in March that left behind an unbalanced area on the chart. According to TehThomas, price tends to revisit these imbalances to “fill” them, making this confluence a magnet for short-term action. Related Reading: Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out Liquidity will likely be clustered here as well, meaning that Cardano could face some volatility as it approaches it. If bulls can break through this zone with conviction, it could open the path to above $0.7. However, if the price stalls or rejects, the cryptocurrency may pull back to retest the breakout point at $0.65 before attempting another push. Interestingly, this has been the case in the past 24 hours. Featured image from iStock, chart from Tradingview.com
Cardano price started a recovery wave above the $0.680 zone but failed. ADA is consolidating near $0.650 and remains at risk of more losses. ADA price failed to recover above the $0.70 resistance zone. The price is trading below $0.680 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.70 resistance zone. Cardano Price Dips Again In the past few days, Cardano saw a recovery wave from the $0.6350 zone, like Bitcoin and Ethereum. ADA was able to climb above the $0.680 and $0.6880 resistance levels. However, the bears were active above the $0.70 zone. A high was formed at $0.7090 and the price corrected most gains. There was a move below the $0.650 level. Besides, there was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair. A low was formed at $0.6356 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $0.7090 swing high to the $0.6356 low. Cardano price is now trading below $0.680 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.6720 zone or the 50% Fib retracement level of the recent decline from the $0.7090 swing high to the $0.6356 low. The first resistance is near $0.6950. The next key resistance might be $0.700. If there is a close above the $0.70 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.7420 region. Any more gains might call for a move toward $0.7650 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.6720 resistance level, it could start another decline. Immediate support on the downside is near the $0.6420 level. The next major support is near the $0.6350 level. A downside break below the $0.6350 level could open the doors for a test of $0.620. The next major support is near the $0.60 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.6420 and $0.6350. Major Resistance Levels – $0.6720 and $0.7000.
The crypto market spent most of March on a steady downtrend. Cryptocurrency prices across the board struggled on a downfall as investor caution and a lack of momentum suppressed the bullish narrative that dominated January and early February. With April just beginning, attention has turned to what lies ahead. Technical indicators are pointing to both uptrends and downtrends, but a major conversation is taking shape off the charts that could reset the trajectory of the entire crypto space. According to Cardano founder Charles Hoskinson, there are two key regulatory developments that could mark a turning point for crypto adoption and open the door for billions of new users almost overnight. Hoskinson Predicts Tech Giants Will Adopt Cryptocurrency In a recent episode of the “The Wolf Of All Streets” podcast hosted by Scott Melker, Charles Hoskinson outlined a scenario where two bills currently being debated in the U.S. Senate, one on stablecoins and the other on market structure, could change the crypto industries. He argued that once these frameworks are passed, major tech companies like Apple, Facebook, Google, and Microsoft will have the legal clarity and infrastructure to integrate crypto wallets directly into their platforms. “Once those two bills pass, Apple, Microsoft, Google, Facebook, are going to say hey, we’re crypto people now,” Hoskinson said. These companies already possess the infrastructure to onboard new crypto users: massive user bases, global infrastructure, payment processing tools, and familiarity with digital wallets. Once regulations provide a clear path forward, these tech companies will easily allow their users to buy and sell cryptocurrencies without leaving their ecosystems. This move wouldn’t be a gradual progress but a sudden leap into mass adoption that would unlock access to a userbase of over 3 billion users around the world. The 3 Billion User Effect: What Will This Mean For The Crypto Industry? The stablecoin legislation, formally titled the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025, is a proposal aimed at establishing clear rules for how stablecoins are issued and backed. It also seeks to amend existing federal securities laws to clarify that payment stablecoins should not be treated as securities. Although the exact timeline for when the bill will be passed is uncertain, Charles Hoskinson believes it will be passed within the next 60 to 90 days. Once passed, the STABLE Act, alongside the market structure bill, will form the regulatory groundwork for widespread crypto adoption. On a basic level, it would allow major tech companies to integrate stablecoin payments into their platforms, letting users easily pay for services or products using stablecoins. On the higher end, these tech companies could eventually serve as intermediaries between users and crypto exchanges or even take on roles similar to exchanges themselves. A user base of 3 billion users will bring with it not only increased trading volume but also growth in use cases, liquidity, and investment interest. It would shift crypto from a smaller sector into mainstream financial infrastructure. Featured image from LinkedIn, chart from Tradingview.com
Cardano is currently trading around a key daily demand zone, with bulls attempting to step in and stabilize price action after weeks of decline. The broader crypto market remains under pressure, driven by persistent macroeconomic instability and heightened global uncertainty. As financial markets continue to react to inflation fears, trade tensions, and erratic policy moves, altcoins like ADA have been hit especially hard. Related Reading: Chainlink Weekly Indicator Flashes Buy Signal – Can Bulls Hold $13.20 Support? Analysts are warning that the downtrend could continue, with little indication of a shift in sentiment in the near term. Many believe Cardano may follow the broader altcoin market, which has seen deep corrections across the board. Adding to the bearish outlook, on-chain data from Santiment reveals that whales offloaded nearly 200 million ADA throughout March. This significant sell-off by large holders has only added to the downward pressure, fueling concerns that more downside may be ahead if bulls fail to reclaim key levels. As Cardano trades near support, the next few sessions will be crucial. Whether bulls can defend this zone and push ADA higher — or if continued whale selling leads to further losses — remains to be seen in a market that’s showing few signs of stability. Cardano Struggles As Whale Selling Intensifies Cardano has seen a sharp decline, losing more than 45% of its value since March 3 amid a wave of selling pressure that has rocked the broader crypto market. As macroeconomic instability continues to drive uncertainty across financial markets, altcoins like ADA have taken the brunt of the damage. Now trading near a critical support zone, Cardano faces growing pressure from both retail sentiment and large-scale holders exiting their positions. Bulls are in a difficult position, needing to step in and defend current levels to avoid a steeper correction. If ADA fails to hold support, analysts warn that a drop toward the $0.50 mark is likely — a level not seen in months and one that could confirm a shift into a deeper bearish phase. Adding to the bearish outlook, top analyst Ali Martinez shared insights revealing that whales sold nearly 200 million ADA during March alone. This kind of large-scale selling from top holders typically signals fading confidence and adds further downside pressure to already struggling price action. With market sentiment still fragile, Cardano’s next move will likely depend on whether bulls can reclaim momentum — or if continued whale selling and macro fears drag the price lower. Holding current levels is essential to prevent ADA from sliding into even more critical territory in the days ahead. Related Reading: Dogecoin Holds Key Support: A Demand Spike Could Trigger A Rally Price Action Details: Bulls Defending Critical Demand Cardano (ADA) is currently trading at $0.68 after failing to hold the $0.75 level, signaling a continuation of bearish momentum. The recent drop also pushed ADA below the 200-day moving average (MA) and exponential moving average (EMA), both sitting around the $0.72 mark — critical indicators that have now flipped into resistance. This loss has further weakened the short-term structure, leaving bulls with limited options. The next key level to watch is $0.62. Bulls must defend this zone with conviction to prevent a deeper selloff and attempt to form a base for recovery. Reclaiming levels above $0.72 would be the first step in regaining control, but without immediate buying pressure, the outlook remains fragile. If Cardano fails to hold above $0.62, analysts warn that a sharp decline into the $0.57–$0.55 range could follow. This would mark a significant breakdown and could trigger panic selling, especially as overall market sentiment remains shaky. Related Reading: Ethereum Analyst Eyes $1,200-$1,300 Level As Potential Acquisition Zone – Details With ADA under pressure and technical levels breaking down, the coming days will be crucial. Bulls must act swiftly to reclaim lost ground, or risk watching Cardano slide further into lower demand zones. Featured image from Dall-E, chart from TradingView
The Cardano price has been on a slow roll lately, falling out of its $0.7 – $0.8 range over the past week. However, a crypto analyst has emerged with a bullish projection, expecting the altcoin to recover in the coming days. How ADA Price Can Reclaim $0.77 In a video posted on the X platform, popular crypto analyst Ali Martinez shared an exciting analysis of the Cardano price, putting forward a short-term target for the altcoin. According to the online pundit, the ADA token is trading at a critical support level and could be on its way to $0.77 over the next few days. This bullish projection is based on the formation of a horizontal channel pattern for the ADA price on the 3-hour timeframe. This channel is characterized by two major boundaries with at least four contact points, including two connecting lows and two connecting swing highs. Related Reading: Ethereum Price Hits 300-Week MA For The Second Time Ever, Here’s What Happened In 2022 Typically, the upper boundary where the pivot highs form represents the resistance for the asset’s price while the lower channel trendline acts as the support cushion. A sell signal goes off when the asset’s price hits the top of the horizontal channel, while traders tend to buy when the price is at the channel’s lower boundary. According to Martinez, the Cardano price has fallen into a horizontal channel since mid-March, trading within the $0.69 – $0.77 range. As shown in the chart below, the price of ADA is hovering around the support cushion (the lower boundary) at the $0.69 level. Using the earlier logic, the Cardano token seems to be at a perfect buying spot, with the price currently at the channel’s lower trendline. Typically, when the asset’s price is at the bottom of the channel, it tends to bounce back toward the upper trendline. Martinez noted that if the $0.69 support level holds, the Cardano price could make a bullish run toward the $0.77 mark. This rebound toward the upper boundary would represent an over 12% move from the current price point. Cardano Price Overview As of this writing, the price of ADA stands at around $0.685, reflecting an over 2% decline in the past 24 hours. While the altcoin seemed to be recovering nicely early in the week, it has witnessed a deep retracement toward its March lows. According to data from CoinGecko, the Cardano price is down by nearly 4% in the past week. This sluggish weekly performance underscores the altcoin’s outlook over the past few months, with the ADA token seemingly moving farther away from the psychological $1 level. Related Reading: Bitcoin’s Rise Isn’t Random: Analyst Reveals What’s Really Fueling BTC Above $85K Featured image from iStock, chart from TradingView
The new listings come more than three years after Interactive Brokers first launched its crypto trading services for BTC, ETH, LTC and BCH.
Cardano price started a recovery wave above the $0.720 zone. ADA is correcting some gains and might find bids near the $0.7380 zone. ADA price started a recovery wave from the $0.690 zone. The price is trading above $0.720 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.7385 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7550 resistance zone. Cardano Price Holds Support In the past few days, Cardano saw a recovery wave from the $0.690 zone, like Bitcoin and Ethereum. ADA was able to climb above the $0.720 and $0.7320 resistance levels. It even cleared the $0.750 resistance zone. A high was formed at $0.7661 and the price is now consolidating gains. There was a minor move below the $0.750 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.6918 swing low to the $0.7661 high. Cardano price is now trading above $0.720 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.7385 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.750 zone. The first resistance is near $0.7550. The next key resistance might be $0.7620. If there is a close above the $0.7620 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.80 region. Any more gains might call for a move toward $0.850 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.7550 resistance level, it could start another decline. Immediate support on the downside is near the $0.7380 level and the trend line. The next major support is near the $0.720 level or the 61.8% Fib retracement level of the upward move from the $0.6918 swing low to the $0.7661 high. A downside break below the $0.720 level could open the doors for a test of $0.690. The next major support is near the $0.6550 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.7380 and $0.7200. Major Resistance Levels – $0.7550 and $0.7620.
Cardano is showing signs of resilience after days of consolidation, holding firmly above the crucial $0.70 support level. Despite the broader market facing turbulence from ongoing macroeconomic uncertainty and heightened trade war fears, ADA has managed to maintain stability—offering hope to investors watching for a breakout. While Bitcoin and other altcoins have struggled under selling pressure, Cardano’s current structure could be setting the stage for a strong recovery rally. Related Reading: Investors Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours – Accumulation Trend? Bulls now face the task of reclaiming higher levels to confirm a bullish reversal and capitalize on this window of opportunity. According to top analyst Ali Martinez, Cardano has just flashed a buy signal on the TD Sequential indicator on the 4-hour chart—an early sign that momentum may shift in favor of the bulls. Historically, this technical pattern has been a reliable indicator for short- to mid-term price rebounds, especially during consolidation phases like the one ADA is currently experiencing. If this signal holds and buyers step in with strength, Cardano could soon challenge its next resistance zones and begin a new upward move. With sentiment across the market cautiously optimistic, ADA might be one of the first altcoins to lead the way in a broader recovery. TD Sequential Signal Sparks Hope For Cardano Cardano (ADA) has been standing out as one of the more resilient altcoins during a critical period of heightened selling pressure across the crypto market. While broader macroeconomic conditions—such as trade war fears and policy uncertainty—have pushed equities and crypto into volatile zones, ADA has managed to hold its ground above crucial support levels. This performance has caught the attention of investors and analysts who believe Cardano could lead the next leg up once the market finds its footing. Related Reading: XRP Active Addresses Hit Highest Level Since April 2023 – Will Price Follow? With the market beginning to form local lows and signs of a potential rebound emerging, sentiment is cautiously optimistic. Still, some experts warn that this could be a temporary pause in a larger corrective phase. The lack of clarity around global economic direction continues to cast a shadow over all risk assets, including crypto. For Cardano, however, a new technical development has sparked renewed hope. Martinez’s analysis on X reveals the TD Sequential indicator has just flashed a buy signal on ADA’s 4-hour chart. Historically, this signal is known for predicting potential reversals or short-term trend changes, especially during periods of consolidation. If the pattern plays out, Cardano could be preparing for a breakout move, positioning itself ahead of many other altcoins. A successful rebound would require ADA to reclaim higher resistance levels and confirm bullish momentum. But with a technical buy signal in place and market-wide signs of stabilization, the stage could be set for Cardano to initiate a recovery in the days ahead. ADA Struggles Below $0.73 Cardano (ADA) is currently trading at $0.71 after several days of struggling to reclaim the 200-day exponential moving average (EMA) near $0.73. Despite the resistance, ADA has held firmly above the 200-day simple moving average (MA) around $0.70, a level acting as key demand support in recent sessions. This tight range between the 200-day MA and EMA reflects growing pressure on bulls and bears as ADA approaches a critical decision point. For bulls to regain control and shift momentum in their favor, a decisive push above the $0.85 level is essential. Reclaiming this price zone would confirm a breakout from the current consolidation and potentially trigger a recovery rally toward higher resistance levels. Such a move would signal renewed bullish sentiment and open the door for ADA to revisit early 2024 highs. Related Reading: Ethereum Trades At A Critical Level – Major Reclaim Or Steep Drop Ahead? On the downside, failure to hold the $0.70 level could spell trouble. If ADA drops below this support, a sharp move toward $0.60—or even lower—could follow, especially amid broader market weakness. A break below $0.60 would mark a significant technical breakdown, potentially wiping out recent gains and resetting ADA’s bullish structure. As price action tightens, the next few days will be critical for determining Cardano’s short-term direction. Featured image from Dall-E, chart from TradingView
Cardano (ADA)’s price continues to move sideways, holding its range for the past 10 days, while online sentiment grows. Some analysts suggest that a retest of the local resistance could be near if the cryptocurrency holds its crucial support zone. Related Reading: Crypto Sleuth Claims Mysterious $20M ‘Hyperliquid Whale’ Is Tied To Illicit Activity Cardano Holds Key Range Cardano has retraced 40% from its two-month high of $1.17, dropping to the $0.7 range over the past few weeks. ADA climbed 80% on March 2 after US President Donald Trump announced a “Crypto Strategic Reserve,” including the cryptocurrency, which sent the token to monthly highs. After its massive pump, the altcoin retraced to $0.9, holding this zone through the following days. However, the March 6 executive order establishing a Strategic Bitcoin Reserve and a “Digital Asset Stockpile” sent ADA below the crucial level. At the time, the White House’s Crypto Czar, David Sacks, clarified that the ADA and the other altcoins named were just used as a reference for the top cryptocurrencies in the market. Since then, Cardano has moved sideways, hovering between $0.68-$0.75. ADA dropped to $0.64 during the March 11 market crash before bouncing. Despite the ongoing price action, online sentiment has been positive towards ADA this week. On Tuesday, on-chain analytics firm Santiment pointed out that Cardano saw a highly positive sentiment on social media. The bullish sentiment was fueled by the Securities and Exchange Commission (SEC) classification of ADA’s use case as “smart contracts for government services.” The news “pushed bullishness to its highest rate in over 4 months,” the firm noted. Moreover, large-scale investors have also shown positive sentiment toward Cardano, with Whales purchasing around 190 million ADA tokens in the past 48 hours. ADA Breakout Or Breakdown Next? ADA has been in a downtrend since December 2024, when it hit its 3-year high of $1.32. The February market retraces sent the cryptocurrency’s price below several crucial support zones, with the token hovering between the $0.60-$0.80 price range. Analyst Sjuul from AltCryptoGems noted ADA has “a weird-looking chart, mainly due to the announcement of the strategic reserve.” As a result, Cardano’s most crucial support level is at $0.66, as it could send it to monthly lows. According to the analyst, “That level should hold; otherwise, all this recent price action will result in a distribution phase.” Previously, Sjuul affirmed Cardano’s chart displayed a Power of 3 in the making, signaling that the cryptocurrency was entering the third phase. This pattern divides the price cycle into three phases: accumulation, manipulation, and distribution. In the last phase, a strong price breakout occurs, with momentum building in the direction opposite to the manipulation. Based on this, if ADA lost the $0.66 mark, the token could see a significant price correction. Meanwhile, a pseudonym trader pointed out that the altcoin shows “a bullish reversal after breaking out of a falling wedge pattern.” Per the post, Cardano could enter a strong uptrend if it maintains its momentum. Related Reading: Bitcoin To Get ‘Interesting’ As Price Retests $85,000 – Here Are The Levels To Watch Nonetheless, ADA must “hold the current support levels and break above the local resistance for confirmation of further bullish continuation” to the $1.22 target. Analyst Ali Martinez noted that ADA trades within a right-angled descending wedge, with the upper trendline at $1.15. He suggested that a daily close above $1.15 would push ADA’s price to the $2 mark, not seen since 2021. Featured Image from Unsplash.com, Chart from TradingView.com
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
The Cardano Foundation measures growth in real-world use cases and not TVL.
Cardano price started a fresh decline below the $0.720 zone. ADA is correcting some losses and might face resistance near the $0.7750 level. ADA price started a recovery wave from the $0.650 zone. The price is trading below $0.720 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7050 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.720 resistance zone. Cardano Price Faces Hurdles In the past few days, Cardano saw a bearish wave below the $0.7750 level, like Bitcoin and Ethereum. ADA declined below the $0.750 and $0.720 support levels. Finally, it tested the $0.650 zone. A low was formed at $0.6495 and the price recently started a recovery wave. The price climbed above the $0.6950 and $0.70 level. The price even spiked above the 50% Fib retracement level of the downward move from the $0.8170 swing high to the $0.6495 low. Cardano price is now trading below $0.720 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $0.7050 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.7050 zone. The first resistance is near $0.7520 or the 61.8% Fib retracement level of the downward move from the $0.8170 swing high to the $0.6495 low. The next key resistance might be $0.7750. If there is a close above the $0.7750 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.80 region. Any more gains might call for a move toward $0.850 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.720 resistance level, it could start another decline. Immediate support on the downside is near the $0.6880 level. The next major support is near the $0.650 level. A downside break below the $0.650 level could open the doors for a test of $0.6350. The next major support is near the $0.620 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.6880 and $0.6500. Major Resistance Levels – $0.7520 and $0.7750.
Cardano’s price action has shown signs of recovery after a recent dip, with the cryptocurrency bouncing from its lower support level. Over the past 24 hours, Cardano has gained close to 1%, reaching an intraday high of $0.7613. This small but notable rebound has drawn the attention of technical analysts, and an interesting analysis shows that the asset has been trading within a well-defined chart pattern for several months. Particularly, technical analysis of the Cardano/USDT daily timeframe chart shows that the cryptocurrency is trading within a triangle and could now be gearing up for a rally to $1.5. Triangle Formation Says Cardano Could Be Set For 100% Move A recent analysis on TradingView highlighted that Cardano has been trading within a triangle pattern on the daily timeframe since November 2024. The pattern is highlighted by a series of lower highs and higher lows, shaping a formation of converging lower and upper trendlines. The latest price decline saw Cardano drop from a high of $1.1747 before finding support at the lower boundary of the triangle at $0.647. Related Reading: Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated, Here’s The Target Going by the trend of its performance within the triangle within the past six months, the next move after this support is another rally towards the upper trendline. The recent push in the past 24 hours seems to reinforce the formation, as it potentially marks the start of a push toward the upper resistance level. The key takeaway from this triangle formation is the potential for an explosive move once Cardano retests the upper trendline of this triangle again. According to the analyst, if Cardano’s price breaks above the upper trendline, it could cause a surge toward $1.5, representing a 100% rally from the current price level. Can ADA Hit $1.5? Resistance And Breakout Zone To Watch The triangle’s upper trendline is currently the most critical resistance level for Cardano’s price. Cardano has tested this resistance about three times since November, making any upcoming approach a pivotal moment for its price trajectory. If buyers gain enough momentum and push the price past this barrier, a rapid breakout could follow, potentially sending the asset toward the projected $1.5 target. However, another rejection is still possible here, especially considering the market has transitioned into a bearish sentiment in the past few days. Related Reading: Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out Market sentiment will significantly influence whether Cardano achieves the projected price target. The crypto market’s overall trend, especially Bitcoin’s movement, will affect how quickly Cardano can reach this level. Particularly, the rate at which Cardano approaches that upper trendline will determine if there’s enough power to break above the upper trendline. At the time of writing, Cardano is trading at $0.7205, and there’s even a possibility of retesting the support trendline again in the next few hours. Featured image from iStock, chart from Tradingview.com
Cardano price started a fresh decline below the $0.75 zone. ADA is correcting some losses and might face resistance near the $0.750 level. ADA price started a recovery wave from the $0.650 zone. The price is trading below $0.750 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $0.720 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.750 resistance zone. Cardano Price Climbs Higher In the past few days, Cardano saw a bearish wave below the $0.80 level, like Bitcoin and Ethereum. ADA declined below the $0.750 and $0.70 support levels. Finally, it tested the $0.650 zone. A low was formed at $0.6495 and the price recently started a recovery wave. The price climbed above the $0.680 and $0.70 level. The price tested the 50% Fib retracement level of the downward move from the $0.8169 swing high to the $0.6495 low. There was a short-term bearish trend line forming with resistance at $0.720 on the hourly chart of the ADA/USD pair. Cardano price is now trading below $0.80 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.750 zone and the 61.8% Fib retracement level of the downward move from the $0.8169 swing high to the $0.6495 low. The first resistance is near $0.7750. The next key resistance might be $0.80. If there is a close above the $0.80 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.950 region. Any more gains might call for a move toward $1.00 in the near term. Another Decline in ADA? If Cardano’s price fails to climb above the $0.750 resistance level, it could start another decline. Immediate support on the downside is near the $0.7150 level. The next major support is near the $0.6880 level. A downside break below the $0.6880 level could open the doors for a test of $0.650. The next major support is near the $0.6320 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.7150 and $0.6880. Major Resistance Levels – $0.7500 and $0.7750.
Cardano (ADA) has faced massive volatility and extreme price swings, with panic spreading across the crypto market as altcoins continue to struggle. Over the past few days, ADA has dropped more than 28% since last Thursday, adding to the growing negative sentiment surrounding altcoins. As uncertainty grips the market, investors are closely watching whether Cardano can stabilize or if further downside is ahead. Related Reading: Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally? Despite the bearish sentiment, key insights suggest that Cardano could be preparing for a recovery rally. Top analyst Ali Martinez shared a technical analysis on X, revealing that ADA’s key support zone lies between $0.80 and $0.66. Holding above this level has been crucial for setting up a market rebound. If ADA can maintain support within this range, it could set the stage for a strong recovery, potentially leading to a renewed push toward higher resistance levels. With fragile market conditions, the coming days will be critical for Cardano’s next move. Traders are watching whether ADA can hold key levels or if continued selling pressure will drive prices lower. A successful defense of support could mark the beginning of a recovery, but failure to hold may signal further downside risk. Cardano Remains Stable: What To Expect? Cardano has been overperforming compared to the broader market over the past week, showing resilience amid ongoing selling pressure. While many altcoins have suffered significant declines, ADA has remained relatively stable, holding key support levels. However, price action is still confined to a range that first began forming in November 2024, preventing a clear breakout in either direction. Related Reading: Cardano Bulls Eye $10 Target – Analyst Reveals Key Levels To Break If bulls can defend the current levels, ADA could soon attempt a push above multi-year highs, potentially leading to a strong recovery rally. Despite its recent stability, analysts remain cautious, noting that prices remain low, and sentiment suggests that many investors are still fearful. The next few weeks will be crucial in determining whether Cardano can sustain its momentum or if further downside is ahead. Martinez’s technical analysis highlights that, when looking at the bigger picture, Cardano’s key support zone lies between $0.80 and $0.66. He noted that holding above this critical range would be essential in determining ADA’s next major move. If ADA remains within this zone and starts to gain momentum, it could set the stage for a significant breakout, fueling a move toward higher resistance levels. With market conditions still uncertain, traders are closely watching whether ADA can maintain its strength or if selling pressure will intensify. If bulls hold key support levels, Cardano could be one of the first altcoins to break out once market conditions stabilize. However, falling below the $0.66 mark would indicate further downside risk, potentially delaying any near-term recovery. ADA Price Action Details Cardano (ADA) is currently trading at $0.74, holding slightly above the 200-day Exponential Moving Average (EMA). This level has become a key support zone, and bulls must defend it to maintain a chance for recovery. If ADA holds above this mark and reclaims the $0.82 level in the coming days, it could signal renewed bullish momentum and set the stage for a push toward the $1 mark. This psychological resistance has historically played a crucial role in ADA’s price action, and flipping it into support would confirm a strong recovery trend. However, failing to hold current levels could expose ADA to massive selling pressure, increasing the risk of further downside moves. A break below the 200-day EMA would likely send ADA into lower demand zones around $0.60, reinforcing bearish sentiment. Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming? With Cardano at a pivotal moment, traders are watching closely to see whether bulls can sustain the current support or if another wave of selling will push prices lower. The next few trading sessions will be critical in determining ADA’s short-term direction and whether it can stage a meaningful recovery. Featured image from Dall-E, chart from TradingView
Cardano (ADA) has been caught in massive volatility and extreme price swings, making it one of the most unpredictable assets in the crypto market. Following US President Donald Trump’s announcement of a US Strategic Crypto Reserve, which included Cardano, ADA’s price skyrocketed over 80% in less than a day, fueling speculation about its long-term role in institutional adoption. Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming? However, the excitement was short-lived, as negative macroeconomic sentiment and fears surrounding global trade wars triggered a sharp 35% decline within just two days. As uncertainty grips the financial markets, traders remain cautious about whether ADA can regain momentum or if more downside is ahead. Despite the recent sell-off, top analyst Ali Martinez shared a technical analysis suggesting that Cardano remains positioned for a potential surge toward $10. According to his insights, bulls must reclaim key technical levels for a strong recovery, with ADA still showing bullish potential despite short-term weakness. With Cardano’s price action at a critical point, the coming days will be crucial in determining its next move. If bulls can stabilize ADA above key support, the potential for another explosive rally remains on the table. Cardano Could Start A Massive Move Cardano (ADA) has been overperforming compared to the broader crypto market over the past week, showing relative strength despite ongoing volatility. However, price action remains confined within a range that first began forming in November 2024, preventing a clear breakout in either direction. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst If bulls can hold the current levels, ADA could soon attempt a push above multi-year highs, setting the stage for a significant bullish move. However, analysts remain cautious as prices are still low, and investor sentiment remains fearful amid macroeconomic uncertainty and trade war tensions. Many traders are waiting for confirmation of a breakout, as momentum has yet to fully shift in favor of the bulls. Martinez’s technical analysis on X reveals that Cardano is still positioned for a potential surge toward $10. According to Martinez, for this bullish scenario to unfold, ADA must maintain support above $0.80 while successfully breaking through the key $1.20 resistance level. These price points serve as crucial pivot zones, and their validation or failure will likely determine Cardano’s short-term trend. The next trading sessions will be crucial, as a break above $1.20 could trigger a strong upward move, while failure to hold above $0.80 could lead to further downside risk. With ADA currently at a pivotal moment, traders are closely monitoring price action to gauge whether bulls can regain control or if continued consolidation is ahead. Price Action Details: Technical Analysis Cardano (ADA) is currently trading at $0.80 after failing to hold above the key $1 level. Despite recent strong performance compared to the broader market, ADA has struggled to maintain bullish momentum, leaving traders uncertain about its next move. For bulls to regain control, ADA must reclaim the $1 mark and push above the critical $1.17 resistance level. A break and hold above this zone could trigger a massive rally, potentially sending Cardano to multi-year highs. Such a move would signal renewed buying interest, boosting confidence among investors and traders who are watching ADA’s long-term potential. Related Reading: Solana Consolidates In A Wide Range – Big Move On The Horizon? However, failure to break above $1 and hold the crucial $0.80 support level could expose Cardano to further downside risk. A breakdown below $0.80 would likely send ADA into lower demand zones, extending its consolidation phase and delaying any significant recovery. Featured image from Dall-E, chart from TradingView
Cardano (ADA) is once again in the limelight as a crypto analyst emphasizes a technical pattern that has the potential to propel the asset to $2. In the midst of a combination of gains and losses for ADA, the prediction has sparked speculation regarding the possibility of a significant breakout. Related Reading: Bitcoin Slides After Trump Signs Strategic Reserve Executive Order A Pattern That Could Lead To A Big Move According to crypto expert Ali Martinez, ADA has established a right-angled descending wedge pattern on the charts. This technical configuration implies that a surge may occur if Cardano surpasses $1.14. Martinez believes that the price could soar to $2 if that occurs. ADA is much below that important level right now. The altcoin dropped significantly by 5% during the past 24 hours, falling below $0.83. It has subsequently rebounded to about $0.88; but it remains uncertain if the bullish momentum will build up anytime soon. This is how #Cardano $ADA can enter a bull rally to $2! pic.twitter.com/fMO3u3lVdc — Ali (@ali_charts) March 7, 2025 Strong Gains Despite A Rough Day Cardano has shown a steady increase over the past weeks, despite its most recent fall. Considering that the crypto asset has grown by nearly 30% over the past seven days, there are signs buyers are joining the market. ADA has seen a 20% year-over-year rise, indicating strong demand in the token. What Needs To Happen For ADA To Reach $2 ADA faces other difficulties as well, but first it has to overcome $1.14 to reach a notable rise to $2. Should it be able to overcome that, the currency’s next challenge will be to keep on pushing up. Strong buying demand could cause the price to increase to $2 more rapidly; but, limited volume or sellers’ resistance could create problems. Additionally important are external elements and market attitude. If the market for Bitcoin and the other bigger cryptocurrencies keeps strong, ADA has a higher chance of maintaining an upward motion. On the other hand, any market-wide drop could give Cardano more hiccups. Related Reading: Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors? Traders Still Hesitant Despite Positive Signs Although many in the crypto community are excited about ADA’s potentials, others are still cautious. Though Martinez’s technical pattern suggests a breakout, nothing is quite clear. Market conditions might change quickly, hence overcoming resistance may prove challenging. Should ADA start moving toward $1.14, it could give fresh hope. Whether it strikes $2 or not, the following few days will be vital in deciding its next major price route. Featured image from Gemini Imagen, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Warren's letter comes as the President signed an executive order to establish a U.S. Strategic Bitcoin Reserve late Thursday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan sees less than a 50% chance of a U.S. strategic crypto reserve gaining approval, citing congressional hurdles.
Cardano founder Charles Hoskinson has revealed that he was not invited to the upcoming White House Crypto Summit on March 7. His exclusion has sparked discussions, especially since the blockchain network’s ADA token is included in US President Donald Trump’s proposed crypto reserve. No White House invite In a March 6 broadcast, Hoskinson revealed that […]
The post Cardano’s Charles Hoskinson reacts to White House crypto summit snub appeared first on CryptoSlate.
Stellar (XLM) is attempting to reclaim a recently lost level that could propel the price to a retest of a key resistance zone. Some market watchers suggested that its price could be preparing for a massive surge to a new all-time high (ATH). Related Reading: Cardano 125% Pump Coming? Analyst Says ADA ‘Could Be Poised’ For Rally To $2.20 Stellar Getting Ready For 300% Breakout Stellar has seen a 9% surge in the past day, recovering from this week’s market dump and rallying to the $0.30 mark again. According to crypto analyst Ali Martinez, Stellar could witness a 300% breakout soon as the cryptocurrency appears to be forming a bullish pattern. After the November 2024 breakout, XLM started to form a bullish flag, with the 600% post-US election rally forming the pattern’s flagpole. Since then, Stellar has been consolidating between the $0.63 and $0.25 price range, forming the pattern’s flag. Since hitting its 3-year high in December, XLM has seen a 52% price decrease, failing to break above its downtrend line. During the February market retraces, the cryptocurrency retraced nearly 40% from its monthly opening, hitting its lowest price action since November. Over the weekend, Stellar followed the rest of the crypto market, fueled by US President Donald Trump’s announcement of a US Crypto Strategic Reserve comprised of “made in the USA” cryptocurrencies like XRP, Cardano (ADA), and Solana (SOL). XLM surged around 25% from the range’s lower levels to $0.37, retesting the $0.35 key resistance. The $0.32-$0-35 range has been a key zone for the cryptocurrency since the Q4 2024 breakout, serving as a crucial support level until turning into resistance in February. As the analyst pointed out, “A sustained break above the $0.42 resistance could trigger a bull run to $1.60.” Nonetheless, the cryptocurrency’s recent performance has failed to reclaim a key level in the mid-zone of its 3-month price range. XLM Following 2017’s Playbook? XLM failed to hold the $0.35 level amid the Monday market dump, retracing 20% and erasing the Sunday gains. Breaking above this resistance could send Stellar’s price to the bull flag’s upper range while failing to reclaim it could send the price to the pattern’s lower range between $0.20 and $0.23. On Tuesday, the cryptocurrency continued bleeding and retested its recent lows as support. XLM bounced from $0.27 above the $0.30 level on Wednesday morning, attempting to reclaim it. Technical Analyst Charting Guy highlighted that XLM’s Relative Strength Index (RSI) recently broke out of a 96-day downtrend “while price consolidated in the golden pocket with time capitulation getting to people.” Related Reading: Ethereum Price ‘Between Heaven And Hell’: $2,000 Level Retest Key For ETH’s Next Move He also noted that XLM’s bull flag “coincidentally targets” the 1.272 Fibonacci level at around $2.46. After its recent performance, the cryptocurrency appears to be following its 2017 pattern, which adds “more confluence to 1.272 fib target,” he explained. In Q4 2017, Stellar saw a similar price breakout, followed by a consolidation period within a bullish flag. XLM then broke out of this pattern and rose over 190% to ATH in early 2018. To the analyst, “Once we break above the top of the golden pocket, it’s game on.” At the time of writing, Stellar trades at $0.30, a 2.4% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Cardano has seen massive volatility since last weekend after an explosive 80% price surge, fueled by President Trump’s announcement that ADA will be part of the U.S. Strategic Crypto Reserve. The news triggered a wave of buying activity, sending Cardano soaring as investors reacted to the unexpected endorsement. Related Reading: Ethereum Breaks Below Parallel Channel – Is ETH Collapsing To $1,250? However, the excitement was short-lived as ADA dropped over 35% in the following days, dragged down by a broader market meltdown. The sharp correction left traders questioning whether Cardano could sustain its momentum or if it would struggle alongside the rest of the crypto market. Despite the recent pullback, analysts and investors remain bullish, believing ADA is well-positioned for future gains once market conditions improve. Many expect Cardano to outperform in the next rally, especially given the strong accumulation trends seen among major players. On-chain data from Santiment reveals that whales accumulated over 420 million ADA following Trump’s announcement, indicating confidence in the asset’s long-term potential. This surge in whale activity suggests that institutional and high-net-worth investors are positioning themselves ahead of the next market move. Cardano Prepares For A Historic Rally Cardano is currently trading below crucial liquidity around $1 after days of massive volatility, struggling to maintain stability as selling pressure intensifies. Bulls are attempting to reclaim control, but the overall market remains uncertain, with extreme selling pressure keeping ADA from making a decisive move. Despite the recent decline, analysts are still calling for a breakout, though sentiment remains divided. The broader crypto market is in a state of uncertainty, with investors cautious about the next major move. Until Cardano can establish strong support and break through key resistance, traders remain on edge. However, on-chain data suggests growing optimism among major investors. Ali Martinez shared Santiment data on X, revealing that following President Trump’s announcement of the U.S. Strategic Crypto Reserve, whales accumulated over 420 million ADA. This signals confidence among high-net-worth investors who see long-term value in Cardano despite short-term volatility. Notably, this whale accumulation trend has been ongoing since late 2024, with large holders buying ADA whenever prices drop. This suggests that whales are strategically positioning themselves for future price action, expecting Cardano to perform well in the next market cycle. Related Reading: Litecoin Fails To Break Key Resistance Level Again – Can Bulls Hold Range Lows? The next few weeks will be crucial as market volatility intensifies. If bulls can reclaim key levels, ADA could see a strong recovery. However, failure to hold current support may lead to further downside pressure, aligning with the broader market’s struggles. Investors are now watching closely to see whether Cardano can withstand the turbulence and set up for its next major move. Price Testing Crucial Resistance Level Cardano (ADA) is currently trading at $0.95 after a period of massive price swings, surging from $0.65 to $1.17, only to drop back to $0.75 before rebounding to current levels. This extreme volatility has kept traders on edge as ADA struggles to establish a clear trend. For bulls to regain control, reclaiming the $1 mark with conviction is crucial. A decisive breakout above this psychological level could signal a major rally, potentially pushing ADA beyond multi-year highs around $1.30. Such a move would reinforce bullish momentum and set the stage for further price expansion in the coming weeks. However, holding above $0.75 remains essential to prevent further downside pressure. This level has acted as a key demand zone, supporting ADA through multiple retracements. A breakdown below $0.75 could trigger renewed selling pressure, extending losses and delaying any potential recovery. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target With market volatility still high, traders are watching whether ADA can hold its ground and push higher. If bulls manage to flip $1 into support, the next leg up could come quickly. Otherwise, continued consolidation within this range may prolong uncertainty before the next major move.
The final reserve will be almost entirely bitcoin and will be larger than people think, the report said.
Cardano (ADA) is presently experiencing a significant increase in popularity on cryptocurrency exchanges. Investors are closely monitoring the most recent data, which suggests a significant increase in network activity and price movement. Related Reading: Ripple Co-Founder Tied To Untouched XRP Holdings Worth Billions—Crypto Sleuth Following the disclosure by US President Donald Trump on Tuesday that Cardano (ADA) and four other large-cap cryptocurrencies, including Bitcoin, will serve as the foundation of the US Strategic Crypto Reserve, Cardano has been among the talk of the town. Whales Show Appetite With Large Transactions There has been a cascading effect throughout the Cardano ecosystem as a result of an inundation of substantial transactions. On March 4, the analytics platform Santiment monitored 1,132 whale transactions, with 2,671 unique transactions exceeding $100,000. The most significant whale activity in the past three months occurred when ADA momentarily reached $1.13, triggering a major whale entry into the market. ???? Cardano’s brief, major breakout to $1.13 came in tandem with the most whale activity in over 3 months. The sudden jump in $100K+ transfers sparked a drop in the average age of $ADA sitting in wallets, indicating a rise in tokens now back in regular circulation on the network. pic.twitter.com/bGliMmEesx — Santiment (@santimentfeed) March 4, 2025 Cardano Price Momentum Gaining Steam The cryptocurrency is showing signs of steady resilience. Over the past 24 hours, the value of ADA has increased by 21%, fluctuating between a low of $0.75 and a high of $0.94. ADA is currently trading at $0.9972, sustaining a solid 45% increase in the weekly frame. The futures markets are also a hive of activity, as open interest has surged by more than 6% in the past 24 hours, reaching 905 million ADA, which is equivalent to over $842 million. Shifting Regulatory Winds For Cryptocurrency Meanwhile, another motivating factor would be the possibility of regulatory progress. Grayscale has received acknowledgment from the US Securities and Exchange Commission (SEC) to register an exchange-traded fund (ETF) that is compliant with ADA. This acknowledgment has the potential to increase the chances for mainstream capital investment, as Cardano is now on the shortlist of altcoins awaiting official feedback. Progress Promotes Community Involvement Cardano Founder Charles Hoskinson continues to push boundaries with the platform. Recent developments include ambitious plans to track government spending and advance decentralized governance. The Plomin hard fork stands as a testament to the project’s commitment to innovative blockchain solutions. Related Reading: Bitcoin ‘Won’t Stop At $150K’ This Year, Research Firm Chief Says Cardano’s future remains the subject of cautious optimism among analysts. Although there are numerous speculations circulating on certain social media platforms regarding a potential $10 price point, the majority of observers recommend that individuals maintain realistic expectations. The cryptocurrency market is characterized by frequent fluctuations and remains unpredictable. Cardano distinguishes itself through its consistent network enhancements and evolving ecosystem. The most recent data indicates that token circulation is increasing and there is a renewed interest among investors. Numerous individuals will monitor the platform’s development to determine whether these encouraging indicators will ultimately generate long-term value. Featured image from Market Realist, chart from TradingView