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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 Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming?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 recent price surge has been nothing short of impressive, with ADA climbing steadily to challenge the $1.17 resistance level, a key psychological and technical barrier. Overbought conditions often precede a period of consolidation or correction, as traders take profits and the market seeks equilibrium. For ADA, this could mean a temporary slowdown or pullback from the $1.17 resistance, especially if buyers fail to muster enough strength to break through this stubborn level. On the other hand, a successful breach could open the door for further gains, potentially propelling ADA toward higher price targets. Cardano’s Rally Hits A Wall At $1.17 After an impressive rally that stalled at the $1.17 resistance level, ADA is beginning to show signs of weakness, with selling pressure gradually increasing. The failure to break past this key resistance has led to a shift in momentum, causing the price to decline toward the $0.9077 support zone. This pullback suggests that bulls may be losing strength and bears are beginning to take control. Related Reading: Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out Technical indicators further reinforce the possibility of a continued downturn as momentum begins to shift in favor of the bears. The Relative Strength Index (RSI), which previously hovered in overbought territory due to strong buying pressure, is trending downward. This decline suggests that bullish momentum is weakening, and traders may be taking profits, leading to an increase in selling pressure. Additionally, a break below the mid-level (50) on the RSI would validate the bearish outlook, increasing the likelihood of a deeper correction. If the RSI continues to slide toward the oversold region and ADA fails to hold above the critical $0.9077, it could accelerate ADA’s decline toward lower support levels A breakdown below this level would signal rising bearish pressure, potentially pushing the price toward $0.8119, a key area where buyers previously stepped in to halt declines. If this support fails to provide a strong rebound, ADA might extend losses, testing the $0.80 level and serving as another crucial barrier for the bulls. Bullish Scenarios For ADA Cardano has the potential for a bullish turnaround as key support levels hold and buying pressure increases. The $0.9077 level is crucial for a rebound, and a strong bounce from this area could trigger renewed momentum, allowing ADA to challenge resistance levels and regain upside directions. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move Furthermore, the $1.17 level serves as a key pivot for ADA’s bullish scenario. A breakout above this mark, backed by strong volume, may signal growing buyer confidence. If successful, ADA may gain momentum and target $1.58 and beyond. However, for these bullish scenarios to play out, Cardano must hold above key support levels, especially $0.9077. Failure to maintain control by buyers puts ADA at the risk of further declines. For now, traders are watching for signs of stabilization and bullish confirmations before expecting a strong upward move. Featured image from Adobe Stock, chart from Tradingview.com

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

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

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

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

Cardano is trading above key demand levels after a volatile Friday that saw prices react sharply to the Bybit $1.5+ billion hack news. Bybit is a top cryptocurrency exchange. The market-wide panic took prices from local highs to critical demand zones, with Cardano dropping over 7% in less than six hours. Fear spread quickly, driving prices down as investors worried about further downside pressure. However, Bybit’s quick response and assurances have helped restore confidence, preventing a more aggressive selloff. Related Reading: Ethereum Holds Key Support – Analyst Doubts Bears Can Defend $4K Anymore Despite the turbulence, Cardano remains above crucial support, suggesting that bulls are still in control as long as these levels hold. Top analyst Ali Martinez shared a technical analysis on X, revealing that the most critical support zone for Cardano (ADA) is between $0.67 and $0.80. This range serves as a strong demand area where accumulation has historically occurred. Holding this level is crucial for ADA’s short-term outlook, as a breakdown below could trigger further selling pressure. With market sentiment stabilizing and key support levels intact, ADA could be positioned for a rebound. However, bulls need to reclaim lost ground quickly and push back above resistance levels to confirm a stronger recovery. All eyes remain on the broader market reaction following Bybit’s security breach. Cardano Bulls Holding Key Demand Cardano is trading at key demand levels that could serve as a strong base for a recovery rally. Bulls remain cautious as volatility and uncertainty continue to drive most altcoins into lower demand zones. The extreme selling pressure seen across the market since late December has shown no signs of stopping, leaving many investors on edge. Despite this, there is growing optimism that Cardano could soon reverse its bearish trend and begin a strong rally. Technical indicators suggest that ADA is at a critical point, where a sustained hold above key demand levels could set the stage for a significant move upward. Martinez’s technical analysis on X highlights that the most critical support zone for Cardano is between $0.67 and $0.80. This price range has historically served as a strong accumulation zone, and as long as it holds, the broader bull run remains intact. If ADA successfully defends this range, bulls could regain confidence and push the price toward higher resistance levels. A breakout above key supply levels could accelerate buying pressure, triggering a move back toward previous highs. However, if selling pressure intensifies and ADA breaks below support, further downside could follow. Related Reading: On-Chain Metrics Reveal The Most Critical Resistance For Bitcoin – Can BTC Break $97.5K? With market sentiment improving following Bybit’s security breach resolution, investors are watching closely for signs of strength in Cardano’s price action. Those who have been accumulating during this consolidation phase could benefit from an eventual uptrend if bullish momentum returns. Holding above the $0.67–$0.80 zone will be crucial in determining whether ADA can recover and reclaim lost ground in the coming weeks. Price Testing A Critical Level Cardano (ADA) is trading at $0.75 after another failed attempt to reclaim the $0.82 mark, a key resistance level that bulls have struggled to break. The short-term objective for bulls must be to push ADA above this level and hold it as support, signaling a shift in momentum toward the upside. A successful breakout would open the door for a test of the $0.85 level, which is aligned with the 4-hour 200 moving average (MA)—a key indicator of short-term strength. For now, ADA remains in a consolidation phase, and bulls need to maintain control above the $0.73 level in the coming days. Holding this price range would confirm short-term strength and indicate a potential bullish recovery. If ADA fails to stay above $0.73, sellers could regain control and push the price lower, increasing the risk of a deeper correction. Related Reading: Solana Sweeps Lows But Recovers – Can Bulls Reclaim $185 by Friday? Market conditions remain uncertain, but if bulls reclaim $0.82, a strong rally could follow, driving ADA toward higher resistance levels. Investors are watching closely to see if Cardano can establish a higher low and break the bearish trend that has persisted for weeks. Holding key support levels is essential for a sustainable recovery. Featured image from Dall-E, chart from TradingView

The Cardano price is currently eyeing an impulsive move to the upside following the invalidation of a bearish Relative Strength Index (RSI) divergence. In his analysis, crypto analyst Melika Trader revealed how high ADA could rally following this bullish channel formation.  Cardano Price Eyes Impulsive Move To The Upside In a TradingView post, Melika Trader predicted that the Cardano price could rally to between $0.90 and $0.94 as it eyes an impulsive move to the upside. The analyst observed that ADA recently experienced a sharp rally, breaking through resistance levels and establishing a new range. This could pave the way for the rally to these price targets.  Related Reading: Cardano Price At Risk Of 15% Crash, Analyst Warns It Might Get ‘Bloody’ Melika Trader further noted that a deceptive bearish RSI divergence was invalidated as the Cardano price continued its uptrend, confirming bullish momentum. Meanwhile, the analyst remarked that the ADA price is currently consolidating near the lower boundary of the parallel channel, suggesting a potential bounce from its current price level.  In line with this, he stated that if the Cardano price respects the channel structure, then ADA could aim for the $0.90 and $0.94 range as the next resistance. Crypto analyst Ali Martinez also provided a bullish outlook for ADA, stating that the crypto looks ready to rebound as the TD Sequential indicator has flashed a buy signal on the 4-hour chart.  Meanwhile, crypto analyst Paul stated that the nice Fibonacci count is working for the Cardano price with .618 higher lows. The analyst’s accompanying chart showed that ADA could reclaim the psychological $1 price level and rally to as high as $2.2 on the Wave 3 impulsive move to the upside. The chart also showed that ADA could then correct to as low as $1.2 before it reaches $3 on the Wave 5 impulsive move.  Five Reasons Why ADA Can Reach $20 In This Market Cycle In an X post, crypto analyst Sebastian outlined five reasons the Cardano price could reach $20 in this market cycle. The first is that Cardano could become a Bitcoin DeFi player, which is bullish for the ADA price. Secondly, if Cardano’s founder Charles Hoskinson becomes part of Donald Trump’s Crypto Advisory Council.  Related Reading: $575-M Unlocks Threaten Altcoin Rally: Why You Should Monitor Cardano’s ADA, Solana’s JTO The crypto analyst also mentioned a Cardano ETF as one of the reasons he believes the Cardano price could reach $20 in this market cycle. Grayscale has already filed to offer one, which means that an ADA ETF could launch at some point. Meanwhile, the crypto analyst also mentioned Cardano’s potential partnership with Microsoft and the US Treasury being built on the Cardano blockchain as the fourth and fifth reasons ADA could reach $20.  At the time of writing, the Cardano price is trading at around $0.8, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Cardano is showing renewed strength as bullish momentum builds, driving ADA closer to the $0.8119 resistance level. After steady accumulation, buyers are beginning to take control, pushing the price higher and reinforcing optimism in the market. This growing confidence suggests that ADA could be on the verge of a significant breakout, provided it can overcome key resistance zones. With technical indicators turning positive and market sentiment improving, all eyes are on whether ADA can sustain its upward momentum. A decisive move past $0.8119 may pave the way for further gains, while failure to break through might invite renewed selling pressure. As the battle between bulls and bears intensifies, the coming sessions will be crucial in determining Cardano’s next move. Technical Analysis: Can ADA Sustain Its Upside Trajectory? Presently, Cardano is exhibiting strong bullish momentum as it steadily climbs toward the $0.8119 resistance level, a barrier crucial for its next major move. After facing a strong rebound at the $0.6822 support mark, buying pressure has increased, pushing ADA higher as market sentiment turns optimistic. but the sustainability of this uptrend depends on key technical factors. Related Reading: Cardano (ADA) In The Red: Struggles Persist Under $1.00 It is worth noting that ADA’s price steadily rises toward the 100-day Simple Moving Average (SMA), a critical level that often acts as a dynamic resistance. A successful break above this indicator could reinforce positive sentiment and pave the way for extended gains. Supporting this momentum, the Relative Strength Index (RSI) has recently crossed above the 50% threshold, indicating a shift from bearish to bullish market conditions. This is a significant development, as an RSI above 50% typically suggests that buying pressure outweighs selling pressure, triggering further upside potential. Additionally, ADA’s trading volume has surged by over 10% in the last 24 hours, indicating growing market activity and increased investor interest. This uptick in volume suggests that traders are becoming more engaged, possibly fueling price movements. As long as the RSI remains on an upward trajectory and buying pressure continues to rise alongside volume, it might strengthen ADA’s bullish outlook, increasing the likelihood of a breakout above key resistance levels. What’s Next For Cardano? Predictions Beyond $0.8119 As Cardano continues its upward trajectory, breaking through the $0.8119 resistance level has become a focal point. But what lies beyond this key milestone?  Related Reading: ADA Faces Retest Of $0.8119 As Technical Indicators Turn Bearish If buyers maintain control and push the price above this key barrier, ADA is likely to see an extended rally toward $0.8306 and $0.9077 in the near term. A decisive move above these levels can strengthen upward performances, opening the door for a test of $1.2630, a psychological milestone. However, if Cardano struggles to surpass $0.8119, it may enter a consolidation phase or experience a pullback, with $0.6822 as the next closest support level. The bulls must hold this zone to prevent further bearish pressure. Furthermore, a break below this level could signal an extended correction, exposing ADA to deeper losses. Featured image from Medium, chart from Tradingview.com

A new analysis by crypto strategist Ali Martinez suggests that Cardano (ADA) might be on the cusp of a significant upward move—potentially reaching the $15 price mark, which would represent a staggering 1,850% rally from current levels near $0.76. “If historical data is any guide, Cardano could be at the very beginning of a monster parabolic rally!” Martinez writes via X. Cardano Fractal Analysis Points To Major Upside Martinez’s chart (published on the 3-day timeframe) draws a parallel between Cardano’s price action in the 2018–2021 cycle and its present structure, highlighting a near-identical fractal pattern. In the previous cycle, ADA consolidated for several months within a defined horizontal range before staging a decisive breakout and retest of the upper boundary. That retest then led to a parabolic ascent spanning late 2020 into 2021. In the current cycle, Cardano appears to be retesting a similar support line, shown on Martinez’s chart as a horizontal band around $0.76–$0.80. If ADA were to follow the same trajectory that transpired in its last major rally, Martinez’s “monster parabolic rally” fractal implies a surge toward $15. Related Reading: Cardano Price Breaks Down From Ascending Channel, Here Are Two Ways It Could Go Immediate Support is currently at $0.76–$0.80. According to the chart, ADA is hovering just above a critical support zone—its role in the previous cycle was to provide a springboard for the bull run that followed. The next significant resistance level is around $1.60, aligning with the upper boundary of the grey-highlighted zone on the chart. Notably this price level also aligns with the 0.5 Fibonacci retracement level drawn from the last bull market peak to the bear market bottom. In the long term, the grey extended price line in Martinez’s chart illustrates the fractal-based projection, indicating that ADA could ultimately surge toward the $15 region. If ADA continues to follow this trajectory, the area between the 0.618 Fibonacci level ($2.00) and the 0.786 Fibonacci level ($2.47) could act as a temporary resistance zone, potentially causing a brief consolidation before the rally resumes its upward momentum. Related Reading: Cardano Consolidates Within A Symmetrical Triangle – Expert Sees A 40% Move Once It Breaks Martinez’s view hinges on the idea that crypto markets often exhibit cyclical behaviors. In Cardano’s last major cycle, once a key horizontal level was reclaimed and successfully retested, momentum accelerated sharply, culminating in an explosive move. With the current market once again retesting a crucial support zone, Martinez posits that the table is set for another extended bull phase. Of course, fractals are not guarantees of future performance; rather, they are visual aids that highlight how price structures can echo past market behavior. Whether Cardano follows this script depends on broader market conditions and investor sentiment. Still, the analyst’s forecast underscores why $0.76 is a level to watch. At press time, ADA traded at $0.74. Featured image from Shutterstock, chart from TradingView.com

A crypto analyst has confirmed a recent breakdown of the Cardano price from an Ascending Channel pattern. With key support and resistance levels now in focus, the analyst has outlined two scenarios for ADA, projecting where its price could move next.  Cardano Price Ascending Channel: Bullish Scenario The Cardano price has been trending within an Ascending Channel for some time, maintaining steady price momentum amidst market volatility. However, a TradingView crypto analyst, known as ‘MelikaTrader94’, has identified a recent change in the Cardano price action. The analyst highlights that the altcoin has broken below the Ascending Channel, indicating a possible shift in market sentiment. Related Reading: Cardano Price Bounces From Key Support Level, But There’s Still A Risk To Crash To $0.85 An Ascending Channel is a distinctive chart pattern formed by two upward-sloping parallel trend lines. This pattern is typically considered a bullish continuation signal, often indicating the potential for a price reversal or deeper correction.  Based on the TradingView analyst’s report, Cardano’s recent breakdown from its Ascending Channel could give rise to two possible scenarios. Firstly, the analyst predicts that the price of Cardano could experience a bullish surge, driven by the momentum generated from the channel breakdown.  The analyst shared key support and resistance levels to watch, highlighting that a breakout about resistance could confirm a bullish reversal. Interestingly, the Cardano price has already broken below the key support level of around $0.7765. The cryptocurrency is now testing lower regions to find its next critical support.  The TradingView analyst predicts that if the price of ADA can reclaim the support level at $0.7765, a retest to higher levels may be imminent. He has set a bullish target for ADA between $0.95 and $1.00, signaling the start of a strong uptrend and a potential price discovery. He also highlighted new resistance levels between $0.7765 and $0.80 for the price. Bearish Scenario: Further Decline Toward 0.2910 Fib? In an alternative scenario, MelikaTrader94 has shared a bearish outlook for the Cardano price. The price of Cardano is already in a severe downturn after crashing by 23.3% over the past week. Despite this bearish performance, the TradingView analyst predicts that ADA could see further downward momentum, declining towards the 0.4836 and 0.2910 Fibonacci levels if it fails to hold current levels.  Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown The TradingView expert has pinpointed new support levels around $0.63, $0.48, and $0.29. These price points act as a barrier for the ADA, potentially preventing further declines. The analyst also disclosed that these support levels will serve as significant demand zones where buying pressure is set to increase. Given the possibility of a further breakdown in the ADA’s price, the analyst has cautioned investors to closely monitor ADA’s price action, particularly around the $0.63 level, as this could confirm the cryptocurrency’s next move. Featured image from Adobe Stock, chart from Tradingview.com

Cardano’s (ADA) bullish momentum is losing steam as bearish pressure mounts, forcing the price to retreat from the critical $0.8119 level. After a promising attempt to push higher, ADA bulls are now struggling to maintain control, with sellers stepping in to reclaim dominance.  The recent rejection of this key resistance suggests that downward pressure is building, raising concerns about whether the altcoin can hold its ground or slip further. With technical indicators hinting at growing weakness, the focus now is on the next support zones to determine if a deeper correction is on the horizon. Market Sentiment Shifts: Bulls Losing Their Grip Cardano’s market sentiment has shifted as bulls appear to be losing their grip on price action, with ADA continuing to trade below the 100-day Simple Moving Average (SMA). This key level has become a barrier that the bulls have yet to break through, indicating weakening buying pressure and increasing dominance from the bears.  Related Reading: Cardano (ADA) In The Red: Struggles Persist Under $1.00 The failure to reclaim the 100-SMA suggests that the bullish momentum, which initially gained traction, is losing steam, and the market is starting to lean toward a bearish outlook. Further compounding the bearish outlook is the recent movement of the Relative Strength Index (RSI), which has started to drop again before reaching the 50% threshold. Typically, this reflects that buying pressure is fading, and selling momentum is building, adding more weight to the argument that the bulls are losing control. With the price struggling below the 100-SMA and the RSI reflecting weakening momentum, the outlook for ADA remains uncertain. Unless bulls can regain traction and break above the 100-SMA, the asset might face further declines, as bears continue to dominate the market.  Key Support Zones In Focus As ADA Faces Bearish Pressure After ADA’s recent struggle at the $0.8119 resistance level, the focus is shifting to crucial support zones that will be vital in determining its next move. As bearish pressure mounts and the price remains under the 100-day SMA, ADA’s ability to hold key support levels is under scrutiny. Related Reading: Behind Cardano 15% Correction: Here’s How Much ADA Whales Sold The immediate support zone to watch is $0.6822, which has previously acted as a critical level for ADA. If the price tests and holds this zone, it could serve as a launching pad for another attempt at the upside. However, if ADA fails to hold $0.6822, attention will turn to the next major support at $0.5229, where a more significant bounce may occur once buying pressure resurfaces. Should these support levels be breached, ADA may face a more extended period of downward movement, with $0.55 emerging as the next line of defense. Featured image from iStock, chart from Tradingview.com

Cardano (ADA) has faced significant volatility and selling pressure over the past week, with the price struggling to reclaim the crucial $1 mark since last Wednesday. This prolonged dip below a key psychological level has left analysts and investors divided as uncertainty continues to dominate the broader crypto market. While some see signs of potential recovery, others remain cautious about the short-term outlook. Related Reading: XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout Renowned crypto analyst Ali Martinez has provided some clarity by sharing a detailed technical analysis. According to Martinez, Cardano is forming a symmetrical triangle pattern, a structure often associated with impending volatility and significant price movements. The outcome of this pattern could determine Cardano’s next major trend, whether bullish or bearish. As the market sentiment remains fragile, ADA’s ability to break out of this consolidation phase will likely set the tone for its performance in the coming days. A decisive move could either spark renewed optimism among investors or reinforce concerns about further downside.  Cardano approaches a critical juncture, with traders and investors eagerly awaiting confirmation of its next move. The resolution of this symmetrical triangle could prove pivotal for ADA’s trajectory in the volatile crypto landscape. Cardano Prepares For A Big Move Cardano (ADA) has been heavily influenced by market volatility as the broader crypto market remains in a consolidation phase since late December. This prolonged period of sideways movement has kept traders and investors on edge, with many anticipating a significant breakout. However, the question remains: will Cardano’s next move be bullish or bearish? Renowned crypto analyst Ali Martinez has provided insights into Cardano’s current setup, sharing a detailed technical analysis on X. According to Martinez, ADA is currently forming a symmetrical triangle pattern, a classic chart structure that often precedes a major price move. The setup suggests that once the pattern resolves, Cardano could experience a 40% price swing in either direction. If ADA breaks out to the upside and confirms the move with strong volume, it could trigger a massive rally, potentially taking the price toward new short-term highs. Such a move would likely reinvigorate market sentiment and attract fresh buying interest. On the other hand, if Cardano fails to hold critical demand levels, a breakdown could result in a significant decline, leading to extended bearish pressure. Related Reading: Hedera Successfully Retests Key Demand Level – Expert Says The Next Stop Could Be $0.52 The coming days will be crucial for Cardano as it tests these critical levels. Traders are closely watching for confirmation of the breakout direction, as the outcome could set the stage for ADA’s trajectory in the weeks ahead. Whether the symmetrical triangle leads to a bullish rally or a bearish correction, the resolution of this consolidation phase will undoubtedly have a major impact on Cardano’s future performance in the crypto market. Price Struggles Below $1 Cardano (ADA) is currently trading at $0.98, struggling to regain momentum after several days of being unable to break back above the crucial $1 mark. This psychological level has proven to be a significant barrier, and reclaiming it as support is essential for bulls to regain control of the price action. For ADA to shift into a more bullish trajectory, it needs to break above $1 and hold it firmly as support. Such a move would signal renewed buying interest and could set the stage for further upward momentum. In the short term, the next target for ADA would be the $1.05 level. A breakout above this resistance could trigger a significant rally, potentially reigniting optimism among investors. However, the downside risks remain. If ADA loses the $0.95 support level, it could face a deeper correction phase, as this would signal increased selling pressure. Such a move might lead to further bearish sentiment, challenging the broader market’s stability. Related Reading: Chainlink Is In The Middle Of A Bullish Breakout – Analyst Sets $50 Target The next few days will be pivotal for Cardano’s price action. Traders and investors will be closely monitoring whether ADA can reclaim the $1 mark and pave the way for a potential breakout or if further consolidation and corrections lie ahead. Featured image from Dall-E, chart from TradingView

Cardano (ADA) has been a focal point of the crypto market’s volatility, experiencing sharp price swings over the past week, particularly during the weekend. In just a few days, ADA has dropped over 18%, leading to growing fear and uncertainty among investors. This significant decline has shaken confidence in Cardano’s short-term outlook, with many wondering whether the asset can regain its momentum. Related Reading: MVRV Pricing Bands Suggest Ethereum Cycle Peak Is Still Ahead – Analyst Sets $7,000 Target Despite the market turbulence, top analyst Ali Martinez has offered a more optimistic perspective. Sharing a detailed technical analysis, Martinez suggested that Cardano is poised for a significant move upward once it overcomes a critical resistance level at $1.10. According to Martinez, breaking through this resistance could open the door for ADA to rally toward $1.50, marking a substantial recovery from its recent lows. As investors weigh their options amid the current volatility, Martinez’s analysis provides a glimmer of hope for those looking for a bullish turnaround. With the broader market showing signs of recovery, all eyes are on Cardano’s ability to reclaim key levels and shift market sentiment. The coming days will be crucial for ADA as it attempts to shake off fear and uncertainty and position itself for a potential rally. Cardano Testing Crucial Demand As the cryptocurrency market continues to grapple with heightened volatility and uncertainty, Cardano has managed to hold its ground above key demand levels. Despite recent turbulence, ADA’s ability to maintain these crucial levels has kept investors cautiously optimistic about its potential for a significant breakout. The price action indicates mounting bullish pressure, with many market participants eagerly awaiting a decisive move. Top analyst Ali Martinez recently shared a technical analysis on X, highlighting Cardano’s promising setup. According to Martinez, ADA is poised for a rally to $1.50 if it can overcome the critical resistance level at $1.10. This level has proven to be a significant barrier, but a successful breakout would signal renewed momentum and set the stage for a sustained upward trend. Martinez’s analysis provides a beacon of hope for investors seeking confirmation of ADA’s bullish potential. However, the outlook is not without risks. If ADA fails to hold its current demand levels, the possibility of a deeper decline looms large. Losing these levels could lead to a wave of selling pressure, testing investor confidence and delaying the anticipated breakout. Related Reading: XRP Whales Keep Loading Up Their Bags – 100 Million XRP Accumulation In 48 Hours As the market watches closely, Cardano’s next moves will be critical in determining its trajectory. The coming days will reveal whether ADA can capitalize on its resilience and push through resistance or face further consolidation. For now, the balance of risk and reward keeps investors on edge as they anticipate what could be a defining moment for Cardano in the current market cycle. ADA Price Action: Key Levels To Watch Cardano (ADA) is currently trading at $1, following an 18% drop from its $1.16 local high set last Friday. The recent decline has raised concerns among investors as ADA hovers near the critical psychological level of $1. Holding this level is crucial for bulls to regain momentum and prevent further downside in the short term. To reclaim bullish momentum, ADA must not only maintain support at the current levels but also push decisively above the $1.11 resistance in the coming days. Breaking through this level would signal renewed strength and could pave the way for a recovery toward higher targets, boosting investor confidence in the process. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price Target However, the risk of a deeper correction remains if ADA fails to defend the $1 mark. Losing this key psychological support could trigger a wave of selling pressure, potentially resulting in a drop of up to 15% in the short term. Such a move would likely test lower support zones, challenging Cardano’s recent resilience. Featured image from Dall-E, chart from TradingView.

Positive price action in the past 24 hours has seen Cardano (ADA) rebounding upwards alongside the rest of the crypto market. The entire market is up by 4.3% in the past 24 hours, a trend that has seen the Cardano price also breaking above the $1 mark again. Interestingly, Cardano’s recent break above $1 comes just hours after it bounced on a support zone around $0.92-$0.95. Despite this break, technical analysis shows that there remains a risk of a Cardano price crash in the short term. Key Support Zone Interaction Near $0.92-$0.95 A technical analysis of Cardano’s 4-hour candlestick chart, shared by crypto analyst melikatrader94 on TradingView, highlights a compelling confluence as Cardano attempts to regain upward momentum. The analysis identifies a support zone near $0.92-$0.95, which coincides with an upward-sloping trendline that has served as support for many weeks. Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown Cardano’s towards the support trendline is a notable decline after its price reached a peak around $1.16 on January 17. Furthermore, this reversal comes after the cryptocurrency experienced another upswing that began when it rebounded from the same upward-sloping trendline near $0.89 on January 13. These repeated interactions with the trendline and the support zone show the volatility surrounding Cardano’s price over the past days and the ongoing battle between bullish and bearish market participants. Since the analysis, Cardano has rebounded again just before reaching the upward-sloping trendline and is now on an upward move. As noted by the analyst, this move might push Cardano’s price back toward its recent highs near $1.10. If this upward momentum is sustained, ADA may also continue upwards until it reaches a key resistance zone between $1.10 and $1.15. A successful breach of this level would further reinforce the bullish outlook and the continuation of a broader uptrend. Risk Of Breakdown Toward $0.85 Or Lower For Cardano For the bullish scenario to play out, ADA needs to hold firmly above the support zone and along the ascending trendline. This alignment suggests a continuation of the upward trend that Cardano has been following since late 2024. Secondly, Cardano bulls would need to break above the resistance level highlighted between $1.10 and $1.15 in order to flip the level into support on the long-term. Related Reading: Possible Deep Correction Could Push Cardano Price To $0.43, Here’s How However, the intense volatility witnessed in the past few days opens up the possibility of a failure to hold above these levels. With this, the analyst warned that a decisive breakdown below the $0.92 level and the ascending trendline would invalidate the bullish outlook. Such a move could pave the way for a deeper correction and cause the Cardano price to drop toward $0.85 or even lower.  At the time of writing, Cardano is trading at $1.02 and is up by 2% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

Cardano (ADA) has struggled to maintain the bullish momentum it experienced in recent weeks, with its price still trailing approximately 67% below its all-time high of $3.09, reached during the 2021 bull run.  Despite this significant gap, analysts believe that the potential for a robust price recovery exists in the coming weeks and months ahead of the new year. Cardano Consolidates Above Key Moving Averages, Poised For Breakout Trend Rider, a prominent analyst on the social media platform X (formerly Twitter), provided insights on Cardano’s current price action, noting that the price dipped below the parabolic line, indicating a cooling-off period, which occurred just above the $1 mark last week.  However, he emphasized that the Cardano price is consolidating above its moving averages, suggesting it is preparing for a potential breakout while “shaking out weaker hands.”  Related Reading: World Liberty Financial Raises $1B: Trump-Backed Crypto Venture To Extend Token Sales Trend Rider further anticipates a resumption of bullish momentum soon, forecasting that once the Cardano price breaks through the $1.25 resistance level, it could rapidly surge toward the $3 mark, inching closer to its previous record peak. Adding to the optimistic outlook, analyst Ali Martinez pointed out that after experiencing a 44% correction, Cardano began its second leg up during the week of February 1, 2021.  Given that ADA has already undergone a 43% correction recently, the analyst suggests that the next upward movement for ADA could be just two to three weeks away, with a target of $6 in sight. Analysts Identify Key Support And Price Targets Another analyst, AV Sebastian, also weighed in, suggesting that the price recent dip may be over, and that the Cardano price is poised to break out of a triangular pattern. He highlighted the last two candles as particularly bullish and expects a significant rally in the coming days. In analyzing short-term price actions, several analysts noted that ADA is exhibiting a “very bullish market structure” on the daily timeframe. On the chart is observed a double bottom formation leading to a breakout and a V-shaped recovery along a descending channel.  Related Reading: Big Players Bet Big On XRP, Solana With Excitement Around Donald Trump’s Presidency, Here Are The Figures It is further believed that a retest of the key support zone at $1.3886 appears inevitable for ADA’s price in the near-term, which would then lead to price uptrend with a main target of $1.7748. Further support zones have also been identified, with the $0.824 level being crucial to watch early in 2025. Holding this support could unlock significant upside potential, and analysts are eyeing May 2025 as a key timeframe for achieving targets. At the time of writing, ADA was trading at $1.14, up 1.13% for the 24-hour period.  Featured image from DALL-E, chart from TradingView.com

The Cardano price is targeting a bullish breakout to $6 after experiencing a bounce from its initial 43% downturn. While other cryptocurrencies like XRP and Bitcoin (BTC) recorded massive gains in this bull market, Cardano (ADA) maintained a relatively muted price last year, experiencing significant volatility. Despite this, analysts remain bullish on ADA, emphasizing its potential for a substantial price recovery and a surge to new ATHs.   Cardano Price Targets $6 ATH Ali Martinez, a prominent crypto analyst on X (formerly Twitter), shared a bullish price prediction for Cardano, forecasting a massive surge to $6. The analyst compared the similarities in ADA’s current price movement to historical patterns. He shared two parallel price charts of Cardano depicting its price action from 2018 to 2021 and 2022 to 2025.  Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 In the left chart, ADA traded within a sideways accumulation zone, highlighted by the rectangular box, before experiencing a breakout above $0.14. Following the breakout, Cardano’s price corrected by about 43.6%, a massive decline that pushed its value below the $0.1 mark.  As is often seen among cryptocurrencies, Cardano’s significant price crash established a solid foundation for a notable rally. After its substantial decline, the cryptocurrency initiated a significant price rally, reaching a peak of approximately $3.08. This remarkable price surge represented a gain of over 4,095%.  In the right chart, Martinez identifies a similar sideways accumulation pattern between 2022 and 2023 of this year’s bullish cycle. Following this, Cardano broke out to reach a new price high of $0.8. After this, the altcoin underwent a 42.65%, mirroring the crash in 2021.  Based on the historical fractal, Martinez predicts that Cardano could soon initiate its second leg up, potentially mimicking its impressive price rally in 2021 within the next two to three weeks. As a result, the analyst has set a bullish target for Cardano at above $6, marking a significant gain of 2,220.68%. While historical patterns do not accurately predict future price movements, they can provide insights into market trends, conditions, and other factors. Martinez’s bullish prediction for the Cardano price relies on the assumption that it can repeat similar market behavior and conditions during its 2021 bull rally.  Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue Update On ADA Price Analysis As mentioned earlier, the Cardano price declined severely last year despite bullish sentiment spreading to other altcoins in the market. In the last few weeks, ADA seemed to be recovering from bearish trends, as CoinMarketCap’s data showed a price increase of 16% over the past week. Cardano also experienced notable price gains in the last month, rising by over 10%.  Although its price has reclaimed its $1 mark, ADA’s momentum seems to be fading, as the cryptocurrency has pulled back, recording a decline of 4% over the last 24 hours.  Featured image created with Dall.E, chart from Tradingview.com

With the bearish pressure in the cryptocurrency market dissipating, large-cap altcoins are showing good signs of recovery. Cardano, specifically, has quickly established itself as one of the best-performing assets in the crypto market in 2025. After the downside pressure over the past few weeks, the Cardano price finally reclaimed and held above the $1 mark in the past week. The question now is — what’s the next move for the ADA token? Is A 400% Rally On The Cards For ADA Price? In a recent post on social media platform X, popular crypto analyst Ali Martinez shared the next step for the Cardano price after the latest downturn. The crypto pundit revealed the price fractals that could see the ADA token move to as high as $6. Related Reading: Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News? In technical analysis, fractals refer to recurring patterns on a price chart. Typically, the patterns provide insight into historical price movements and can be used to predict the future trajectory of a cryptocurrency. After a 44% correction, #Cardano $ADA began its second leg up during the week of February 1, 2021. Now, #ADA has already undergone a 43% correction, suggesting the next leg up could be just two to three weeks away. $6 next! pic.twitter.com/xyvwZxdOFf — Ali (@ali_charts) January 17, 2025 Martinez revealed that the price of Cardano is currently at a point similar to where it was four years ago. After breaking out of the consolidation range in late 2020, the altcoin surged to around $0.4 before February 2021. However, the ADA price hit a roadblock around $0.4, falling by more than 40% before continuing its upward trend. The price of Cardano eventually soared to above $3 — the current all-time high — in this cycle. Martinez explained that the ADA token, having just experienced an almost identical 40%, might be on the verge of a bullish breakout. The analyst said that the next move up for the altcoin could be “just two to three weeks away.” Using the historical price data, Martinez predicted that the price of Cardano could push to as high as $6, setting a new record high. This would represent an impressive 400% surge from the current price point. Cardano Price At A Glance As of this writing, the Cardano token is valued at $1.15, reflecting an almost 5% increase in the past 24 hours. According to data from CoinGecko, the ADA price is up by more than 20% in the last seven days. Related Reading: ‘Solana Season Is About To Return’ As Price Turns Key Resistance Into Support – Analyst Featured image from Solodev, chart from TradingView

ADA looks ready to chase new all-time highs according to a handful of Cardano price metrics.

Cardano is at a pivotal moment, striving to hold the $1 mark as a key support level to sustain its upward momentum. The altcoin has experienced significant volatility in recent trading sessions, with a dramatic 15% drop followed by an impressive recovery of over 20% within just 24 hours. This rapid price action has brought renewed attention to ADA, as investors assess its potential for further gains. Related Reading: Solana Reclaims Key Levels Amid Market Volatility – Reclaim $210 And New Highs Are Next Top analyst Ali Martinez has shared crucial insights, revealing that whales have accumulated 100 million Cardano (ADA) in the past 48 hours. This significant buying activity by large holders underscores growing confidence in ADA’s long-term potential and its ability to maintain its bullish trajectory. Cardano’s attempts to establish stability above $1, a psychological and technical level that could act as a springboard for further rallies. Investors are closely watching this level, as holding it as support could signify a strong foundation for ADA to challenge higher resistance zones. Cardano Finds Strength To Rise After a recent sharp drop, Cardano (ADA) is showing resilience, finding the strength to rise and eyeing a push above last year’s high of $1.32. This recovery has sparked optimism among analysts and investors, many of whom are calling for a significant rally. Cardano is increasingly viewed as a strong contender to become a market leader, driven by its robust development ecosystem and expanding use cases. Top analyst Ali Martinez has shared compelling data highlighting growing interest from smart money investors. Posting on X, Martinez revealed a chart showing that whales have accumulated 100 million ADA over the past 48 hours. This substantial purchase underscores confidence among large holders that current price levels present a valuable buying opportunity, setting the stage for further upward momentum. This surge in whale activity aligns with broader expectations for Cardano to capitalize on its technological advantages and potential as a leader in the blockchain space. The cryptocurrency’s ability to attract significant capital from institutional and high-net-worth investors reinforces its potential to outperform in the coming months. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ Cardano’s next challenge will be reclaiming key resistance at $1.32. Successfully breaking this level would likely trigger a substantial rally, potentially propelling ADA into a new bullish phase. The coming days will be pivotal in determining whether Cardano can sustain this momentum and fulfill its promise of becoming a market frontrunner. ADA Bulls Eye Key Levels Cardano (ADA) is currently trading at $1 after briefly reaching $1.05 earlier in the session. The price is consolidating and seeking support at the psychologically significant $1 level. If this key support holds, the next target for ADA is $1.15, a resistance level that could open the doors to further gains. Market sentiment around ADA remains cautiously optimistic. As a result, holding the $1 mark would signal strong demand and set the stage for a potential surge as bullish momentum builds. A breakout above $1.15 could lead to an extended rally, potentially revisiting previous highs and entering a new bullish phase. However, losing the $1 support would suggest that demand is faltering. In this scenario, ADA could see a drop to its next major support level around $0.91, putting additional pressure on bulls to regain control. Related Reading: Ethereum Is Forming A 1-Hour Symmetrical Triangle – Bullish Breakout Or Deeper Correction? The coming days will be crucial for ADA as it tests its ability to sustain current levels. Therefore, traders and investors are closely watching for signs of strength or weakness that could dictate the altcoin’s short-term trajectory. Whether Cardano can maintain its footing above $1 will determine whether the recent recovery evolves into a sustained rally or another period of consolidation. Featured image from Dall-E, chart from TradingView

The Cardano price currently finds itself in a risky position, and technical analysis highlights the possibility of a significant price correction. The analysis, conducted on the 4-hour candlestick chart and shared on TradingView, points to a potential 15% decline for the Cardano price in light of a recent break below the Exponential Moving Averages (EMAs). Cardano Price […]

In a recent series of exchanges on X, Input Output Global (IOG) CEO and Cardano founder Charles Hoskinson addressed allegations surrounding the Cardano Foundation’s (CF) approach to stablecoin integrations, while also signaling fresh possibilities with Ripple’s RLUSD. The conversation drew attention to unresolved tensions between Hoskinson, the CF, and various members of the community, as […]

The altcoin market was on a red-hot streak the previous week, with large-cap assets like Cardano, Solana, and Dogecoin posting double-digit profits. However, the past week’s action has been a brutal opposite of the one preceding it, with the Cardano price declining recently by as much as it gained in the previous week. However, the cryptocurrency seems to be recovering nicely, with the ADA price now stabilizing above the $0.9 mark. The question, though, is — how soon could the Cardano price return above the psychological $1 level? Here’s How ADA Price Could Reclaim $1 Ali Martinez, a top crypto analyst on the social media platform X, has shared an exciting analysis of the price of Cardano in the short term. According to the popular pundit, the altcoin’s value could return to above the $1 mark over the next few days. Related Reading: Bitcoin Price Unravels 157-Day Fractal Similar To Last Cycle, Why A Surge To $169,000 Is Possible The rationale behind this bullish projection is the formation of a bull pennant pattern on the one-hour price chart. A bull pennant is a pattern used in technical analysis marked by a price jump (the flagpole) before a consolidation range with converging trend lines (the pennant), which is followed by a price breakout in the same direction as the initial flagpole. Typically, the bull pennant pattern serves as a continuation indicator, signaling the persistence of a price trend (usually the upward trend). The price target from the chart formation is derived by measuring and replicating the length of the initial flagpole at the end of the end of the consolidation range. As shown in the chart above, if the price of ADA successfully breaks out of the bull pennant formation, the altcoin could visit above the $1 mark again. This represents an impressive 10% surge from the current price point. Crossing above the $1 mark again might be the spark that the Cardano token needs to conjure a rally that would see it return to its all-time high price. As revealed in a recent article, recent historical patterns point to a potential rally to a new record-high price for the altcoin. Cardano Price At A Glance As of this writing, the price of ADA stands at around $0.9266, reflecting an almost 2% increase in the past day. However, this positive single-day performance did little to relieve the bleeding the altcoin has suffered in the past week. According to data from CoinGecko, the Cardano price is down by over 15% in the last seven days. Related Reading: SUI Defies Odds With A Sharp Rebound Above $4.9: New Highs Loom? Featured image from iStock, chart from TradingView

In his latest livestream titled “Cargo Cults and the Reality of Crypto,” Cardano founder Charles Hoskinson delivered an extensive monologue on what he perceives as the current state of digital assets, community behavior, and ongoing legal battles in the sector. The discussion delved into industry history, the fate of long-forgotten projects, and the sometimes-troubling culture […]

In a newly released video titled “The next steps for Hydra,” Cardano founder Charles Hoskinson outlined the trajectory of the Hydra scaling solution and provided insights into how independent companies will soon spearhead fresh developments in the ecosystem. The announcement comes shortly before the Hydra Doom initiative’s official conclusion, which will be marked by a […]

The Cardano price has been in red-hot form over the past few days, making a highly anticipated return to above $1 on Friday. This recent bullish momentum made ADA the best-performing asset among the top 10 largest cryptocurrencies in the past week. While this burst of positive price action could be linked to the improving climate of the altcoin market, it appears that the increased activity of large holders (whales) is responsible for the latest price surge. Here’s how much the ADA whales bought in recent days. Cardano Whales Purchase 40 Million ADA In 2 Days Prominent crypto analyst Ali Martinez revealed in a new post on the X platform that the Cardano whales have become increasingly active in the market over the last few days. This on-chain observation is based on the increase in the holdings of investors who own between 10 million and 100 million coins. Related Reading: Analyst Says Dogecoin Price Can Break To $0.48, But This Needs To Happen First The investor cohort under review is a class of whales, which refers to entities that wield significant influence over the market due to the amount of cryptocurrencies they own. Many investors pay attention to this class of large holders, as the market often reacts to their movement. According to data from Santiment, Cardano whales acquired more than 40 million ADA tokens (worth about $42.8 million at the current market value) in 48 hours. This level of buying activity highlights the strong faith in the asset’s promise despite the sluggish market climate. As seen with the price action over the past few days, increased whale activity can have a positive impact on the price of Cardano. Hence, sustained buying activity could see the altcoin’s price to its highs of early December 2024. What Next For Cardano Price? As of this writing, the Cardano price sits just above the $1 mark, reflecting a nearly 2% decline in the past 24 hours. However, this negative performance has barely impacted the altcoin’s weekly gain, which currently stands at around 26%. In another post on X, Martinez revealed that the Cardano price is playing out like it did in the previous cycle. During the last bull cycle, the ADA token grew exponentially in less than a year, reaching the current all-time high price of $3.09. Related Reading: XRP Price Prediction To $4.9: How The 1-Day 50 MA Will Drive The Next Wave The analyst believes that if the altcoin follows the recent historical pattern, a move to $4 could be imminent. However, from the highlighted chart, the Cardano price might travel as high as $6 before hitting a major roadblock. Featured image from Solodev, chart from TradingView

In a notable show of strength amid an otherwise subdued market, Cardano (ADA) has climbed above the psychologically significant $1 mark today, January 3. Over the past 24 hours, ADA has surged by more than 11%, outpacing the mostly flat performances of other top cryptocurrencies, including Bitcoin. Within the top 100 assets by market capitalization, only Murad-memecoin SPX6900 (SPX) has registered a higher 24-hour gain, rising 30%. Over the last seven days, ADA is up approximately 20%. Although the jump appears to have come without any immediate catalyst, Cardano’s roadmap is poised for several notable protocol enhancements in the coming months. Among them are a Bitcoin-centric decentralized financial ecosystem and ongoing initiatives aimed at improving Cardano’s scalability, decentralization, and interoperability with other networks. Related Reading: Cardano Holds Crucial Support At $0.77 – Massive Rally Ahead? These fundamentals suggest that the current price action may be underpinned by broader optimism about the network’s evolution, although technical factors seem to be the primary driver. “ADA pushing through resistance like its butter. This momentum is truly explosive. Pay attention to key resistance levels, this one wants to go higher,” crypto analyst Satoshi Stacker (@StackerSatoshi) stated via X. Cardano Price Analysis On January 1, ADA/USDT decisively broke out of a multi-week downward trendline that originated at the December 2 high near $1.32. This trendline had been tested repeatedly until late December, before finally succumbing to strong bullish momentum. Following the initial breakout, ADA briefly retreated to around $0.87, only to bounce back in a textbook retest that validated the trendline breach. Supporting the bullish narrative, Fibonacci retracement levels anchored at the December 2 high ($1.32) and December 20 low ($0.76) reveal a constructive technical backdrop. The 0.236 Fib at $0.89 served as a launching pad once the trendline break was confirmed, while the 0.382 Fib ($0.97) initially rejected prices on January 2, before later giving way to further upside. Related Reading: On-Chain Metrics Reveal Cardano Whales Are ‘Buying The Dip’ – Details Subsequently, ADA surpassed the 0.50 Fib ($1.04), and this level may now act as immediate support on any minor pullbacks. The 0.618 Fib ($1.11) is the next key hurdle if bullish momentum persists, with the 0.786 Fib ($1.20) and the 1.0 Fib ($1.3282) potentially coming into play if the rally extends into the near-to-mid term. From a moving averages perspective, ADA has climbed above its 20, 50, 100, and 200 exponential moving averages on the four-hour chart. Notably, the 20 and 50 EMAs have crossed above their 100 and 200 counterparts, which indicates momentum has shifted in favor of the bulls. The volume picture further supports the breakout scenario, with 24-hour trading volume up 14.94% to $1.67 billion. A look at the Relative Strength Index (RSI) on the four-hour timeframe shows a reading of around 80, placing ADA firmly in overbought territory. This demonstrates solid buying pressure but also suggests a possibility of a short-term pullback should traders opt to take profits. Featured image from Shutterstock, chart from TradingView.com

Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since reaching a multi-year high of $1.32 in early December. This significant decline reflects the broader market uncertainty, with increased selling pressure and cautious investor sentiment weighing heavily on ADA’s price. Despite this, on-chain data suggests a shift in dynamics, hinting at a potential recovery for the embattled cryptocurrency. Related Reading: Bitcoin Whale Moves 8,000 BTC Aged 5-7 Years – What Happened Last Time Top analyst Ali Martinez has highlighted key metrics indicating whale accumulation in recent weeks, adding a layer of optimism to ADA’s outlook. According to Martinez, Cardano’s most significant support zone lies between $0.77 and $0.68, a range that has been consistently respected by the market. This support has proven crucial in stabilizing ADA’s price, providing a base from which a recovery could materialize. The sustained interest from large holders signals confidence in ADA’s long-term potential, even amid short-term volatility. As Cardano continues to defend critical support levels, market participants are watching closely for signs of a breakout. With whale activity increasing and technical indicators aligning, Cardano’s next moves could redefine its trajectory, offering a glimmer of hope in an otherwise challenging environment. Cardano Setting The Stage For A Move Cardano has faced a sharp downturn following its explosive rally in November, entering a phase of deep correction that rattled investor confidence. Despite the recent pullback, ADA appears to be finding stability as it consolidates above critical support levels, sparking renewed optimism for a potential rebound. Prominent analyst Ali Martinez recently shared a technical analysis on X, identifying Cardano’s most significant support zone between $0.77 and $0.68. According to Martinez, ADA’s price action has closely respected this range, reinforcing its importance in preventing further declines. Should ADA continue to hold above this level for a few more days, the groundwork for a strong recovery could be laid, potentially reversing the bearish trend. Adding to the positive outlook is the behavior of large market participants. On-chain data reveals significant whale activity during this consolidation phase, suggesting that major investors are taking advantage of the lower prices to accumulate ADA. This pattern of accumulation often signals growing confidence in a project’s long-term potential, even in the face of short-term price volatility. Related Reading: Dogecoin Whales Bought Over 90 Million DOGE In 48H – Details As ADA holds its ground above the crucial support zone, market participants eagerly await a breakout. If a sustained rebound occurs, it could position Cardano for a powerful rally, reclaiming recent losses and potentially testing new highs. Price Action: Key Supply To Test Cardano is currently trading at $0.87, grappling with increased selling pressure that has kept its price subdued. Despite the challenges, ADA has demonstrated resilience by holding above key support levels, indicating that buyers are still active in the market. However, the next few days will be crucial for determining its direction. A significant price milestone lies at the $1 mark, which has acted as a psychological resistance level in recent weeks. If ADA can successfully reclaim $1 with strong volume and momentum, it could pave the way for a massive rally. Such a breakout would likely see ADA targeting its yearly high of $1.32, a level last reached during its impressive November rally. Clearing this resistance would signal renewed bullish sentiment and potentially attract additional buying interest. Related Reading: A 20%-30% Correction Is ‘The Most Bullish Thing’ That Could Happen To Bitcoin – Analyst On the downside, the risk of a deeper retracement remains if selling pressure intensifies. ADA could test lower demand zones around $0.75, which aligns with historical support levels. This scenario would likely lead to a period of further consolidation as the market seeks equilibrium. For now, ADA remains at a crossroads, with both opportunities for recovery and risks of further downside in play. Featured image from Dall-E, chart from TradingView

In a wide-ranging two-hour livestream on December 26, Cardano founder Charles Hoskinson addressed ongoing discussions around partnering with Ripple, advancing a Chainlink integration, and bridging Bitcoin into the Cardano ecosystem. Speaking from Gillette, Wyoming, Hoskinson provided new details and timelines for these initiatives, emphasizing security requirements and technical collaboration across multiple blockchains. Update On The […]

The Cardano price action has continued to stall below the $1 mark in light of corrections in the past seven days. This correction, which played out across the entire crypto industry, saw Cardano break below the $1 mark again on December 18%.  Although the broader trend suggests a possible move on the weekly timeframe towards a new all-time high (ATH), recent technical analysis on TradingView has opened up the possibility for a continued correction towards $0.43 before another strong upward move. Current Price Movements Highlight Resistance And Cooling Period According to technical analysis of the Cardano (ADA) price action on the weekly candlestick timeframe, the cryptocurrency has encountered notable resistance around the $1.2046 mark. This resistance has emerged after Cardano’s remarkable 205% surge from $0.4322 in late October to $1.32 in late November.  Related Reading: XRP Price Prediction: Wave 2 And 5 Targets Put XRP At $7 And $13 Interestingly, this remarkable price surge saw Cardano form significant lows that serve as support levels for the price. Furthermore, the rally ended up with Cardano entering the overbought zone on the Relative Strength Index (RSI) indicator. The rally culminated in the Cardano price peaking at 82.87 on the RSI, but it has since retraced into a cooling/corrective period where buying pressure is consolidating at the time of writing. Cardano’s consolidation has opened up outlooks as to its next direction, with substantial buying volumes observed in recent trading sessions. Deep Correction Could Test Critical Support At $0.43 While the long-term outlook remains bullish, the analysis highlights the scenario of a deep correction that could send the Cardano price falling further in the short term. With this in mind, the analyst points to support levels that ADA may revisit in the event of a deeper correction. The first key level at $0.7683 has already proven its significance, acting as a reactionary zone in recent price movements. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 Below this, $0.4322 stands as the ultimate support for the current bullish leg. What this means is that ADA has to hold above the $0.43 support level in order for a bullish trajectory to remain valid. Failure to hold above $0.43 is likely to cascade into more price declines at this point and a change into bearish outlook. The analyst also identifies $0.3166 and $0.2427 as primary supports. These levels are Cardano’s lowest support during the previous bear market and are considered less likely to be breached in case of a longer-term decline. Despite the potential for a deep correction, Cardano’s recent market behavior and buying trends suggest a promising long-term outlook. At the time of writing, ADA is trading at $0.912 and has increased by 2% in the past 24 hours. Once the current resistance at $1.2046 is cleared, ADA is well-positioned to challenge its $3.09 all-time high and possibly establish new highs in the current cycle. Featured image created with Dall.E, chart from Tradingview.com