Cardano (ADA) Soars To New Levels: IOG Unveils Explosive Growth In Key Metrics

In a recent weekly report by Input Output Global (IOG), the engineering development company behind Cardano (ADA), significant growth for the blockchain has been unveiled. The report highlights notable achievements in Total Value Locked (TVL), transactions and the increasing number of projects being built on the network. Thriving Cardano Ecosystem Per the report, Cardano has reached a milestone of 94 million transactions, showcasing the network’s growing adoption ahead of scheduled upgrades later this year. The report also discloses a TVL of 548.4 million in ADA, further emphasizing the network’s growth. Data from DefiLlama confirms this, with on-chain data showing over 26,000 active addresses in the last 24 hours and a TVL in USD of $239 million. However, this is much lower than the annual high in TVL in USD terms of nearly $500 million recorded in March.  Related Reading: US Spot Ethereum ETFs Poised To Draw $1.2 Billion Monthly: Research Firm IOG’s data also reveals that Cardano currently hosts over 1,300 projects and boasts over 10 million active tokens. Additionally, showcasing the networks appeal, there are over 67,000 Plutus scripts, enabling the creation of decentralized applications (dApps) and smart contracts within the Cardano ecosystem. Upcoming Releases And Updates The report also sheds light on the current focus of the ledger team as they await the Chang upgrade. Efforts have shifted toward extensive testing, including writing unit tests and conducting conformance testing.  On the wallet and services front, the Lace team is preparing for the release of Lace v1.14 in the coming weeks, promising updates and improvements. The report notes that the Hydra team has progressed on incremental decommits, refining specifications and enhancing documentation.  The Mithril team also released a new distribution with support for Cardano node v9.0.0 and continued working on certifying Cardano transactions within Mithril networks. Cardano’s progress extends to the Voltaire & Sanchonet domains with the release of Cardano node v9.0.0. Users are encouraged to upgrade to this version in preparation for the Chang upgrade.  Lastly, IOG disclosed that the Intersect team has been actively updating the community on the latest Cardano node release, the Chang timeline, and the Intersect’s constitutional council confirmation. ADA Trading Volume Surges At the time of writing, ADA is currently trading at $0.429 due to its continued growth over the past month and the market’s recovery over the same period.  Additionally, CoinGecko data shows that the token has seen a spike in trading volume of $628 million over the past few days, representing a 154% increase in market activity for ADA. Related Reading: Early Signs Of Breakout Solana To Explode By 900%, According To Analyst Further supporting the bullish sentiment and growth witnessed over the past month, ADA is currently trading above the key 200-day exponential moving average (EMA), following the 18% surge recorded over the past two weeks that saw it cross this key indicator at $0.423. Notably, this supported the price over the weekend, with successful tests for three consecutive days preventing another retracement.  Conversely, the $0.459 level may be the next resistance in ADA’s growth path, preventing a rise towards the next resistance on the daily ADA/USDT chart at $0.483 before retesting the $0.500 level.  Featured image from DALL-E, chart from TradingView.com

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Cardano Holds Strong After DDoS Attack: Market Outlook Turns Bullish For ADA

The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, the mechanisms and decentralized structure of Cardano effectively mitigated the attack, ensuring uninterrupted stability and operation.  This display of resilience has garnered praise from bullish investors and renewed confidence in the price appreciation prospects of Cardano’s native token, ADA. DDoS Attack Propels Bullish Sentiment Jaromir Tesar, an industry expert, highlighted that most services, including SundaeSwap, which processed many orders, continued to operate effectively during the attack.  The attacker incurred transaction fees, resulting in financial losses without causing significant disruption. According to Tesar, this incident demonstrates Cardano’s ability to withstand and thwart malicious activities, establishing it as a winner in terms of network resilience. Related Reading: Can Terra Classic Rise From The Ashes? Analyst Foresees 1,500% Price Increase In an in-depth analysis of Cardano’s security, Tesar highlights the complexity of executing a DDoS attack on the network when compared to traditional client-server networks.  Cardano’s distributed structure includes numerous nodes, each with its own memory pool, making simultaneous attacks on multiple nodes challenging. Unlike centralized systems, where attacks are directed at a limited number of servers, Cardano’s design distributes the network load across its nodes, making it much more resilient. Within Cardano’s ecosystem, each block-producing node maintains a mem-pool, which acts as a waiting room for transactions before they are included in a block. Transactions are processed on a first-come, first-served basis, passing through relay nodes and diffusing to other block-producing nodes.  Lastly, Tesar noted in its analysis that the demand-driven protocol of Cardano allows nodes to manage their data rate, concurrency, and data volume, thereby preventing overwhelming resource consumption. This protocol protects both parties involved in transaction transfers, mitigating the risk of resource consumption attacks. Cardano Season Begins?  Dan Gambardello, founder of Crypto Capital Venture, highlighted the top-tier security measures and decentralized design of Cardano as key reasons for his bullish sentiment.  The ongoing attack showcased Cardano’s ability to handle such situations as intended. Interestingly, the attacker’s funds were exposed in the process and are now essentially being used to fund Cardano’s development, reinforcing the network’s resilience. As “Cardano season” begins, Gambardello said, with anticipation and excitement surrounding the network growing, the recent DDoS attack serves as a testament to the strength and reliability of the Cardano ecosystem.  Its security measures, decentralized architecture, rapid response from developers and users, and the exposure of attackers’ funds have added to the bullish sentiment surrounding Cardano’s prospects, Gambardello concluded.  ADA Price Analysis After experiencing a sharp correction that led to ADA’s price plummeting to a yearly low of $0.356 over the weekend, the cryptocurrency has regained the $0.392 level.  Currently, it is setting its sights on overcoming the $0.400 resistance, expecting a potential price increase to bridge the gap between its current value and the yearly high of $0.811 achieved in March. Related Reading: Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React? Adding to the positive outlook for ADA’s price, technical analyst Ali Martinez recently identified a buy signal on ADA’s daily chart, indicated by the TD Sequential indicator. This signal anticipates a price rebound for the altcoin. Nevertheless, it is crucial for ADA to successfully surpass its current resistance at $0.400 to continue recovering from the losses incurred in recent months. The next significant resistance level on the daily chart is at $0.439. It remains to be seen if network developments and a general market recovery can lift the price of ADA to previously lost levels and start a new uptrend to surpass the $1 milestone. Featured image from DALL-E, chart from TradingView.com

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Cardano Approaches Critical Resistance Break Above Could Trigger Move To $0.80

Cardano is gaining bullish traction, pushing above the $0.70 mark as it attempts to reclaim the $0.75 resistance level. With Bitcoin surging toward the $100K barrier and Ethereum breaking out above $1,900, the broader crypto market is heating upand ADA is beginning to ride that wave of renewed optimism. The return of volatility and bullish momentum has sparked excitement across major altcoins, with Cardano standing out as one of the most promising setups. Related Reading: Bitcoin Shows Impressive 4H Strength A Shift Toward Upside Break Top analyst Ali Martinez shared a technical analysis highlighting that Cardano looks poised for a potential breakout toward $0.80. According to Martinez, ADA is approaching the upper boundary of its current trading channel, and a decisive move above $0.75 could trigger a sharp rally. With key support holding firm and market sentiment shifting in favor of bulls, the setup suggests ADA may be preparing to enter a new phase of price discovery. As the market recovers from months of uncertainty and selling pressure, investors are closely watching whether Cardano can sustain this momentum. A confirmed breakout above $0.75 would not only validate Martinezs outlook but also strengthen ADAs position in the broader altcoin rally now unfolding. Cardano Faces Key Resistance Test As Momentum Builds Cardano is facing a pivotal test as it trades near the upper boundary of a key resistance zone, just as broader market momentum begins to accelerate. Since bottoming out in early April, ADA has surged more than 40%, showing one of the strongest recoveries among major altcoins. This bullish move comes as Bitcoin approaches the $100K mark and Ethereum attempts to break and hold above $2,000, bringing renewed optimism to the crypto space. Despite the strength, Cardano still trades below a critical resistance level defined by the upper boundary of a long-standing descending channel. According to Martinez, a decisive breakout above this trendline could trigger a sharp move toward $0.80. Martinezs analysis suggests that ADA is coiling with strength and is on the verge of a breakout, but the confirmation must come with a clean close above $0.75. However, the macro backdrop remains a wildcard. Ongoing tensions between the US and China, combined with the US Federal Reserve’s tight monetary policy stance, continue to influence risk asset behavior. As a result, traders remain cautious even as bullish setups appear. For Cardano, the current structure is promising. A confirmed breakout would signal renewed buyer strength and open the path to higher price levels, while failure to clear resistance could result in renewed consolidation. In either case, ADA is approaching a decision point, and the next few trading sessions could set the tone for its short- to mid-term trend. If bulls manage to flip resistance into support, Cardano could quickly accelerate toward the $0.80 targetand potentially higher if momentum across the market continues to build. Related Reading: XRP Bulls Expect A Breakout As Price Compresses Between Key Levels Details ADA Price Analysis Key Levels To Reclaim Cardano (ADA) is trading at $0.7232, posting a strong +7.70% daily gain as it pushes toward key resistance levels. The daily chart shows ADA breaking above both the 200-day EMA ($0.7101) and nearing the 200-day SMA ($0.7832), signaling a resurgence in bullish momentum. This move follows a multi-week consolidation period where ADA repeatedly tested lower support around $0.65, forming a stable base. The recent breakout is notable because it comes amid increased volume and broader market strength, with Bitcoin and Ethereum also surging toward key psychological levels. ADA is now approaching the upper boundary of a descending channel that has constrained price action for several months. A decisive daily close above $0.75 would confirm a breakout and open the door to a potential rally toward the $0.80$1.00 range. However, until ADA clears the $0.78$0.80 region with conviction, traders should watch for possible rejection and another pullback toward the $0.70 support zone. Still, the structure remains bullish, and current momentum suggests buyers are preparing to retake control. Related Reading: Cardano Struggles At Resistance Expert Sees A Retest of Lower Support Levels If macro conditions remain stable and altcoin sentiment continues to improve, Cardano may be entering a new phase of upside expansionone that could finally break its long-term downtrend. Featured image from Dall-E, chart from TradingView

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Cardano Struggles At Resistance Expert Sees A Retest of Lower Support Levels

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

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Cardano Consolidates In Symmetrical Triangle Analyst Sets Bull/Bear Price Targets

Cardano has surged more than 40% from its early April lows, signaling renewed bullish interest across the altcoin space. As the broader crypto market faces macroeconomic uncertainty and consolidates just below major resistance levels, ADA is now entering a critical phase. Price action remains range-bound, but sentiment is shifting as investors eye key technical patterns that could define the next move. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days Accumulation Trend Accelerates Top analyst Carl Runefelt recently highlighted that Cardano is consolidating within a symmetrical triangle on the 4-hour charta pattern often preceding sharp breakouts. This technical formation suggests that ADA is coiling for a decisive move, with bulls and bears battling for short-term control. The current range continues to tighten over the weekend, with volatility expected to return once a breakout direction is confirmed. A move above $0.7730 would indicate bullish continuation and potentially trigger another leg up toward the $0.85$0.90 zone. On the flip side, losing support near $0.6280 could spark a broader correction. As long as ADA holds its structure and stays above key moving averages, the bullish trend remains intact. Cardano Set For Breakout As Buyers Regain Short-Term Control Cardano is showing signs of strength despite trading in a tight consolidation range just below the $0.75 mark. After gaining over 40% from its early April lows, ADA has entered a crucial phase, with bulls gradually regaining control. The recent price action suggests that a breakout could be on the horizon, especially if ADA maintains its current support levels and builds further momentum. For the past few days, Cardano has traded sideways, struggling to break above the $0.75 resistance level. While this range-bound movement has frustrated some traders, it also reflects market stability, a common precursor to large directional moves. If bulls manage to push ADA above the $0.7730 resistance, a sustained rally could follow, potentially targeting the $0.85 and even $0.90 zones. Runefelt shared technical insights showing that Cardano is forming a 4-hour symmetrical triangle, a structure that often precedes sharp breakouts. The apex of the triangle is nearing, meaning a decisive move is likely within the next few sessions. The key bullish breakout level remains at $0.7730. On the flip side, a breakdown below the $0.6280 support would invalidate the bullish structure and could trigger a broader retracement. Overall, Cardano remains well-positioned for upside if it can reclaim resistance and confirm a breakout. Bulls will need to step in decisively to avoid a fakeout or extended consolidation. As the broader crypto market consolidates near highs, ADAs setup is one of the more promising among large-cap altcoins. The next move could set the tone for Cardanos trend in the weeks ahead. Related Reading: Cardano Whales Accumulated 410 Million ADA In April Breakout Coming? ADA Price Analysis: Consolidation Continues Cardano (ADA) is currently trading at $0.6963, consolidating just below the 200-day moving average (SMA) at $0.7766 and slightly under the 200-day exponential moving average (EMA) at $0.7113. This tight compression suggests a pivotal moment is near, especially as ADA attempts to hold its ground above the $0.67 short-term support. Price action on the daily chart shows that ADA has been coiling in a narrow range following its 40% rebound from April lows. Despite the broader market showing strength, ADA hasnt yet managed to break above the confluence of moving averages overheada necessary step to flip the market structure decisively bullish. The $0.77-$0.78 level remains the critical resistance to reclaim. A daily close above this zone could validate a breakout and push ADA toward the psychological $1.00 mark, last tested in early January. Related Reading: SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus Volume has been relatively muted during this consolidation, which typically precedes a major move. On the downside, losing the $0.67 level would be a bearish signal and could open the door to a retest of $0.62 or even $0.58. Featured image from Dall-E, chart from TradingView

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Cardano Breakout Eyes $0.80 Resistance Is ADA Repeating Its ATH Playbook?

Amid the market recovery, Cardano (ADA) has seen a 5% daily surge to retest the $0.66 level. Its recent price action has led the cryptocurrency to break out of a bullish formation, which could propel ADA to a key resistance zone. Related Reading: Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? Cardano Breakout Eyes 27% Move On Tuesday, Cardano followed Bitcoins price jump and climbed to the $0.66 resistance, attempting to break above the key level for the third time this month. ADA has been in a downtrend since hitting its 3-year high of $1.32 in December 2024, retracing over 50% in the past four months. In March, the cryptocurrency surged 80% toward the $1.17 mark, driven by US President Donald Trumps initial announcement of a Crypto Strategic Reserve comprised of ADA, XRP, and Solana (SOL). However, after the White Houses Crypto Czar, David Sacks, explained that the listed cryptocurrencies were used as an example of leading tokens, ADAs price retraced to the $0.70-$0.80 range. Amid the late March retraces, Cardano lost the $0.70 mark, falling to the $0.50-$0-55 zone in early April. This month, the cryptocurrency has retested the $0.66 level but has been rejected twice. Today, it attempted to break this level again but was rejected a third time. Nonetheless, analyst Ali Martinez pointed out that ADA has broken out of a symmetrical triangle pattern amid its current performance. Cardano has been consolidating within a symmetrical triangle formation throughout April, setting the stage for a 27% price move. After surging above the $0.63 mark, ADA broke out of the pattern, eyeing a surge toward the $0.77 resistance next. ADA Preparing For Key Retests Analyst Sebastian noted that the cryptocurrency is brewing, as its moving within a four-month descending channel. ADA has bounced toward the upper boundary, which has served as resistance, each time it has retested the lower trendline as support. After the recent drop to $0.50, Cardano could retest the upper boundary soon, at around the $0.80 price range. Moreover, the analyst pointed out that the token is currently breaking out of an Inverse Head & Shoulders pattern within the descending channel, which could see the cryptocurrency surge toward the key resistance level. Another market watcher suggested that the cryptocurrency could be following its 2020-2021 pattern. According to the chart, once ADA broke out of its bear market rally levels, it reached a new cycle high, followed by a retest of the bear market rally as support. Related Reading: Analyst Says The Clock Is Ticking For XRP Heres Why After breaking out of the downtrend, it rallied toward its all-time high (ATH) of $3.09 in the coming months. If ADA broke out this week and followed the same pattern as last cycle, it would be on track to hit a new ATH in the middle of August, the analyst asserted. Meanwhile, Dan Gambardello affirmed that Cardanos biggest resistance is at the $3 mark, where a lot of people have regret for not selling last cycle. The analyst forecasted that once ADA hits ATH levels, its pump will probably pause in that general area with a lot of volatility, and then continue to $5. Itll be like a crypto bus stop. Featured Image from Unsplash.com, Chart from TradingView.com

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Cardano Whales Offload 180 Million ADA In 5 Days Smart Profit-Taking?

Cardano is now entering a critical phase after enduring weeks of massive selling pressure and heightened market uncertainty. While the broader crypto market remains fragile due to rising macroeconomic tensions and geopolitical risks, ADA has managed to bounce back, gaining 25% from its early April lows. This recovery has sparked cautious optimism among bulls who believe momentum could continue if key resistance levels are reclaimed. Related Reading: Ethereum Price Stalls In Tight Range Big Price Move Incoming? However, the rebound hasnt gone unnoticed by larger players. According to on-chain data from Santiment, whales have taken advantage of the recent price upswing to offload more than 180 million ADA in just the past five days. This aggressive distribution suggests that while retail and mid-sized investors may be expecting a rally, some of the largest holders are opting to exit their positions. The contrasting behavior between whales and smaller cohorts reflects the broader markets uncertain state. With no resolution in sight to the ongoing trade conflict between the US and China, and fears of a global economic slowdown mounting, bullish conviction remains fragile. The coming days will be pivotal for Cardano, as price action and on-chain signals continue to diverge in a market desperate for clarity. Cardano Whale Activity Sparks Debate Over Trend Direction Cardano is now testing a critical demand zone that may determine whether the recent recovery is sustainable or simply a temporary pause in a larger downtrend. After a steady decline that began in early March, ADA is attempting to establish support as global macroeconomic tensions continue to pressure financial markets. With investors growing increasingly risk-averse, many have chosen to offload both altcoins and Bitcoin to shield their portfolios from escalating volatility and negative sentiment surrounding trade conflicts, inflation, and regulatory uncertainty. Despite these headwinds, some analysts believe a potential breakout could emerge once current economic pressures begin to ease. But recent whale behavior has raised concerns. According to top analyst Ali Martinez, whales took advantage of ADAs recent price upswing by offloading over 180 million tokens in just the past five days. This move has sparked debate over whether whales are simply securing profits before further uncertaintyor signaling a deeper continuation of the downtrend. If Cardano manages to hold its current support levels and attract renewed buying interest, a short-term rally may still be in play. However, failure to defend this zone could confirm bearish continuation, pushing ADA into lower territory. With market sentiment split and high-stakes developments unfolding globally, ADAs next move could set the tone for its performance throughout the quarter. Related Reading: Solana Turns Bullish On 8H Chart Break Above $147 Could Confirm New Trend ADA Stalls Below Resistance As Bulls Face Critical Test Cardano (ADA) is currently trading at $0.63 after several days of sideways movement and failed attempts to break above the $0.66 resistance zone. This level has capped recent upside momentum, signaling that bulls are struggling to gain control in the current environment of macroeconomic uncertainty and risk-off investor sentiment. To confirm a true bullish reversal and break the broader downtrend, ADA must reclaim the $0.75 level, which is aligned with the 200-day moving average. A decisive move above this mark would reestablish long-term strength and could open the door to a sustained recovery rally. Until then, ADA remains in a vulnerable position, caught between key resistance and fragile support. Related Reading: Over 1.9M Ethereum Positioned Between $1,457 And $1,598 Can Bulls Hold Support? On the downside, losing the $0.60 level could trigger another wave of selling pressure. Such a move would likely push the price back toward the $0.50 support zone, a level not seen since earlier this year. As global markets remain on edge amid geopolitical tensions and investor uncertainty, ADA’s next move will depend on whether bulls can generate enough momentum to flip key resistance or risk further downside if sellers take over. Featured image from Dall-E, chart from TradingView

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Whales Offload 200M Cardano During March The Start Of A Trend?

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 thats 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, Cardanos 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

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Whales Bought 420 Million Cardano After Trumps U.S. Strategic Crypto Reserve Announcement Insights

Cardano has seen massive volatility since last weekend after an explosive 80% price surge, fueled by President Trumps 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 Trumps announcement, indicating confidence in the assets 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 Trumps 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 markets 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.

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Cardano Latest Technological Updates Unveiled, Analyst Maintains Bullish Outlook on ADA

Cardano (ADA), the proof-of-stake blockchain platform, has made notable progress in technological advancements, according to Input Output Hong Kong (IOHK), the engineering firm behind the Cardano blockchain. IOHKs recent announcement highlights crucial improvements across various aspects of the platform, signaling further growth and development for Cardano. Cardano Smart Contract Optimization One significant area of improvement [...]

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Cardano (ADA) Eyes Explosive 2000% Bull Run, Targeting $12 And Quadrupling ATH

Cardano (ADA), currently positioned as the 9th largest cryptocurrency by market capitalization, has encountered a downward trend following the prevailing bearish sentiment in the crypto market. Bitcoin (BTC), the market leader, has led the way in price corrections for top cryptocurrencies.  Despite ADAs recent retracement of nearly 20% in the past week after reaching a [...]

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ADA Price Breakout: Analyst Predicts New All-Time High As Cardano Surges by 30%

Cardano (ADA), the ninth-largest cryptocurrency in the market, has experienced a significant price breakout, reaching $0.710 on Thursday for the first time since May 2022.  This marks a pivotal moment for ADA as it emerges from a prolonged consolidation phase encompassing the latter part of 2023 and the initial month of 2024. With the price [...]

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Cardano (ADA) Continues To Shine With 15% Gains In the Last Week

Cardano’s native coin ADA has seen many rallies since the start of this year. The token owes its performance to the improving economic condition in the market and the ongoing developments on the Cardano Network. Over the past seven days, ADA has observed more than a 15% price gain in 7 days and an over 17% 14-day gain. But what are the possible reasons for ADA’s impressive performance? Related Reading: CryptoQuant’s Bitcoin PnL Index Forms Bullish Crossover What Is Contributing To ADA’s Price Rally? The hype around the upcoming Djed stablecoin launch, among others, has played a part in driving ADA price up over the past weeks in January. According to COTI developers, the network behind the Djed stablecoins, ADA holders would receive extra rewards when they mint Djed by staking their ADA coins. This information might spur users to buy more ADA and could further push the coin price. Also, the Cardano community is anticipating upcoming launches that would enhance the network and Smart Contract capabilities. Furthermore, Cardano has received a new improvement proposal known as CIP-30. This improvement proposal would allow the integration of web-based wallet bridges that would promote interaction between Cardano wallets and Web2 platforms like Amazon. It would allow ADA more use cases and adoptions and ensure increased growth for Cardano, positioning it to meet more market needs. This development could be among the factors fuelling ADA’s price gain.  Another new development on the Cardano network that might be fuelling the ADA price rally is the eTukTuk automotive project launch. According to the announcement, the Cardano blockchain would be hosting the project.  The project allows users to earn rewards using the eTukTuk electric vehicle charging infrastructure. Users can access the service using TUK, eTukTuk native token, but they need to hold ADA since the project anchors on Cardano. That also could be boosting ADA prices upward. ADA Price Outlook The Cardano cryptocurrency, ADA, has gained over 6% in the last 24 hours. ADA hit an eleven-week high of $0.384 on January 22 before taking a hit over the past 48 hours. Its price dropped 6.4% on the day while retracing its support levels. However, ADA is currently trading at $0.3833 with a 24-hour high of $0.3866 and a low of $0.354580 after declining over the last six hours. The reversal could present a chance for the bulls to accumulate tokens in anticipation of Djed launch, which might push the ADA price forward. From the technical view, ADA is showing a buy signal. The oscillators fluctuate between neutral and buy, and the Moving Averages show a strong buy signal. The token’s price is currently hovering at $0.3833, representing a 6.43 % increase in its value in 24 hours. It has broken above its 50-day Simple Moving Average, indicating a short-term bullish sentiment for Cardano. However, it is below its 200-day SMA, meaning the asset price can become bearish in the coming weeks. The current support levels are $0.324253, $0.335986, and $0.354289, while the resistance levels are $0.384326, $0.396059, and $0.414363. ADA will likely not surpass the $0.384326 level in the coming days since the bears are sustaining their charge. The Relative Strength Index (RSI) is at 68.39, close to the overbought zone. However, a retracement can occur anytime soon. The Moving Average Convergence/Divergence (MACD) is above its signal line but shows convergence, which is a bearish signal. Expect the price of ADA to record slight gains before retracing to the $0.36 price level in the coming days. Related Reading: Aptos (APT) Price Snowballs 147% As On-Chain Development Shoots Up But note that altcoins are volatile and sometimes deviate from predicted trends. Also, an altcoin that loses half its value (50%) must rally to (100%) to return to its original value. Traders with risk management techniques for volatile markets can utilize the opportunities to profit. Featured image from Pixabay and chart from TradingView.com

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Cardano (ADA) Leads Gains Among Top Coins, Is It Set To $0.50?

Cardano (ADA) is currently trading at $0.2752, with an increase of over 65% in its trading volume at $304.79 million. Its price change in 24 hours is +$0.006083 representing a 2.17% increase. Also, the 24-hour low of ADA is $0.2681, while its high is $0.27562. The market capitalization has risen by 2.25% to $9.51 billion. It is currently ranked among the top ten cryptocurrencies, according to CoinmarketCap, at number 9.  Related Reading: What To Expect As Bitcoin Pictures Bullish Divergence On Chart? The circulating supply is 34.52 billion ADA, with its maximum token supply pegged at 45 billion ADA tokens. ADA has performed well recently since the turn of the year, prompting optimism among holders. With the prolonged crypto winter in 2022, investors are hoping for more favorable market conditions moving forward. Cardano’s recovery has rekindled interest in the project and questions on how long it can sustain the rally. What Is Behind ADA’s Price Upsurge? ADA is enjoying increased adoption since its trading volume has increased. Investors and holders of the coin are more likely to buy into the project due to its utility. Cardano is one of the largest blockchains to use the energy-efficient proof-of-stake network. This proof-of-stake helps in energy saving and environmental protection. Cardano network also supports the creation of smart contracts. These smart contracts facilitate the creation of decentralized applications (DApps) on the Cardano network. It is also gaining more attention in Web3 and for gaming applications. With faster transaction times and regular upgrades, it is ideal for technological innovation. Cardano upgrades also undergo thorough research and scrutiny before being released to the public. ADA Price Prediction ADA is trading below its 50-day and 200-day Simple Moving Average (SMA). However, the candlestick formation on the chart shows a possible bullish run in the coming days. A thick green candle on the daily chart indicates sustained bullish pressure and will likely continue in the coming days. ADA’s closest resistance level is $0.329. Other resistance levels are $0.44, 0.595, and $0.777. If the bulls sustain the pressure, it will test the nearest resistance level of $0.329 in the coming days. The support levels of $0.260, $0.262, and $0.265 held and acted as a pivot for the price upsurge.  The Relative Strength Index (RSI) stands at 49.19, in the neutral zone above the oversold region of 40. However, the RSI will probably rise above 49 in the coming days. The Moving Average Convergence, Divergence (MACD) shows neutrality but indicates a possible uptrend. The MACD line falls under the signal line but is positioned upward. Related Reading: Why Bitcoin Will Come Out Ahead In A Recession, Top Analyst Claims The price of ADA will record a slight increase in the coming days. However, from the candlestick patterns, many red candles are present. It means that the trend can reverse at any time to a bearish pattern. Expect ADA to increase to $0.329, its nearest resistance level. Please note that this is not investment advice. The above price predictions are the analysis of the author. Always do proper research and technical analysis.  Invest the amount you can afford to lose. Featured image from Pixabay and chart from TradingView.com

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Cardano Price Prediction 2022: Market Analysis and Opinions

The Ethereum-killer needs no introduction thanks to its strings of success in 2021, but a key takeaway from this Cardano price prediction 2022 is that a new year comes with its set of challenges and opportunities.  While investors hope that one day ADA will go to the moon, the team behind Cardano have their eyes […]

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Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch

The classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3.

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Cardano Echoes 2020-2021 Pattern Is A Parabolic Rally On The Horizon?

Cardano is trading below the $0.80 mark as it flirts with a potential rebound after weeks of volatility and selling pressure. The broader crypto market is finding strong demand at current levels, and investors are cautiously optimistic about a quick recovery rally into multi-year highs. Despite the bearish sentiment that has gripped the market recently, many believe that Cardano could lead the charge in reversing the downtrend. Related Reading: Ethereum Whales Have Bought Over 600,000 ETH In The Past Week Time For A Price Upswing? Top analyst Ali Martinez has shared a compelling technical analysis, revealing that Cardano appears to be following a similar pattern to its 2020-2021 price action. Martinez highlights that while the pace is slower this time, the structure mirrors the one that preceded Cardanos explosive rally during the previous cycle. This historical pattern saw ADA surge significantly, and the current setup suggests that the cryptocurrency might be gearing up for a similar bullish breakout. Cardano sits at a critical juncture as the market awaits confirmation of this potential trend. Investors are closely watching key levels, hoping that the technical signals and historical comparisons hold true. If Cardano repeats its past performance, it could lead to a substantial recovery, bringing optimism back to the market. The coming days will be crucial in determining whether history truly repeats itself for ADA. Cardano Shows Bullish Potential Cardano has faced massive volatility and uncertainty in recent weeks, with the price dropping over 20% in less than a week before recovering more than 25%. Currently, ADA is ranging below key supply levels around $0.82, reflecting the market’s indecision and the ongoing speculation about whether the next move will be a rally or a deeper correction. This consolidation phase has left investors anxious but hopeful for a breakout that could define Cardanos short-term direction. A compelling technical analysis shared by top analyst Ali Martinez on X has provided a glimmer of optimism for Cardano holders. Martinez points out that Cardano appears to be repeating the same price pattern observed during the 20202021 cycle.  While the current pace is slower, the structure mirrors the prelude to ADAs massive parabolic rally during the previous bull market. If history repeats itself, this setup suggests that Cardano could soon break out of its current range and enter a sustained upward trend. The potential for such a rally hinges on Cardano reclaiming and holding key levels above $0.82 and gaining momentum in a broader market recovery. While the market remains speculative, the parallels with past cycles offer a positive outlook for ADA.  Related Reading: Litecoin Approaches Daily Range Peak Can LTC Break Multi-Year Highs? Investors are closely monitoring these patterns, looking for confirmation that Cardano is ready to break through its consolidation phase and embark on a significant rally. If the historical pattern holds true, ADA could soon lead the market in a powerful move toward multi-year highs, providing much-needed optimism for both Cardano and the broader crypto ecosystem. ADA Testing A Crucial Resistance Level Cardano (ADA) is currently trading at $0.78, consolidating below the critical $0.82 supply level. This price previously acted as strong support in December but now serves as resistance, keeping ADA below key levels. Bulls need to reclaim this level as support to signal strength and pave the way for a recovery rally. A successful breakout above $0.82 could set ADA on track to target the $0.90 mark, which aligns with the 200-day moving average, a crucial indicator of long-term market trends. Despite the potential for a breakout, ADA faces considerable risks as the market remains filled with uncertainty and volatility. If ADA loses the $0.75 mark, it could signal renewed selling pressure, sending the price into lower demand levels. Such a drop would delay any potential recovery and deepen bearish sentiment around Cardano. Related Reading: Can Bitcoin Hold $97K? 1-3 Month Holders Data Reveals Crucial BTC Demand Investors are closely watching whether ADA can maintain its current range and push above the $0.82 resistance, as this would confirm a shift in momentum. However, market conditions remain speculative, and bulls need to act decisively to prevent further declines. For now, ADAs price direction hinges on reclaiming the $0.82 level and sustaining momentum in the face of broader market challenges. Featured image from Dall-E, chart from TradingView

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Cardano Holds Crucial Support At $0.77 Massive Rally Ahead?

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 ADAs 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 ADAs outlook. According to Martinez, Cardanos 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 ADAs price, providing a base from which a recovery could materialize. The sustained interest from large holders signals confidence in ADAs 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, Cardanos 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, ADAs 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 projects 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

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Metrics Reveal Cardano Whale Accumulation Is ADA Poised For A Rally?

Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since early December, when it reached a multi-year high of $1.32. The retracement reflects broader market uncertainties and profit-taking by investors following its impressive rally. However, recent on-chain metrics point to an intriguing shift in market dynamics: a surge in whale accumulation. Related Reading: Dogecoin Whales Bought Over 90 Million DOGE In 48H Details Top analyst Ali Martinez highlighted key data revealing that major investors have purchased over 20 million ADA in the past 48 hours. This significant activity adds to an ongoing trend of large-scale accumulation by whales, signaling growing confidence in Cardanos long-term potential. The renewed interest from big players comes as Cardano continues to expand its ecosystem with robust development initiatives and partnerships. This accumulation phase could mark a turning point for ADA, as whale activity often precedes market recoveries and future price rallies. While the market remains cautious, Cardanos underlying metrics suggest resilience despite the recent downturn. Investors and analysts are now closely watching these developments to gauge whether this accumulation trend will help ADA regain momentum and climb back toward its previous highs. With whale interest intensifying, Cardano could be gearing up for a notable rebound in the coming weeks. Cardano Whales Keep Buying Cardanos recent price correction has not deterred long-term investors, particularly whales, who seem to be seizing the opportunity to accumulate. This sharp uptick in accumulation suggests that large-scale investors are positioning themselves for a potential price breakout in the near future. Historically, significant whale activity has often preceded major market moves, and this case appears no different. The accumulation trend highlights growing confidence among influential players in Cardano’s ecosystem, even as the market has seen recent turbulence. Analysts speculate that whales could be anticipating upcoming developments or improvements within the Cardano blockchain that may fuel renewed interest and price growth. This trend aligns with broader market dynamics, where smart money often takes advantage of suppressed prices to establish positions before momentum shifts. As a result, the activity of these large holders is being closely monitored by market participants who view it as a critical indicator of ADAs potential direction. Related Reading: A 20%-30% Correction Is The Most Bullish Thing That Could Happen To Bitcoin Analyst While short-term fluctuations persist, the underlying metrics paint a bullish picture for Cardano. If whale accumulation continues, it could serve as a catalyst for ADA to reclaim key resistance levels and potentially break out of its prolonged correction phase.  ADA Holding Key Levels Cardano is currently trading above the $0.85 support level despite growing selling pressure in recent sessions. This key level has acted as a critical demand zone, preventing further declines and providing a foundation for potential recovery. However, ADA remains at a crossroads, as its next moves could set the tone for its price trajectory in the coming weeks. If Cardano can reclaim the psychologically significant $1 mark with conviction, analysts predict a strong rally could follow. Such a move would likely pave the way for ADA to challenge its yearly high at $1.32, set during its impressive run in early December. Breaking above this resistance could signal a broader market reversal and renew bullish momentum for the cryptocurrency. However, risks still loom on the downside. Failure to hold current support levels could expose ADA to a deeper retracement, potentially revisiting lower demand zones around $0.75. This scenario would reflect increased bearish sentiment, highlighting the ongoing battle between bulls and bears. Related Reading: Chainlink Is Forming A Head-And-Shoulders Pattern Confirmation Could Take LINK To $14 Traders and investors are closely monitoring these levels, as they could define Cardanos short-term market outlook. With whale accumulation trends and solid on-chain fundamentals providing support, ADA remains poised for significant volatility in the days ahead. Featured image from Dall-E, chart from TradingView

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Cardano Skyrockets Over 40% Funding Rate Suggests Further Upside

Cardano (ADA) has made a significant move, breaking above the long-standing $0.40 resistance and reaching a key supply level at $0.45 after an impressive 42% surge over the past few days. This breakout is sparking fresh optimism among investors who have been waiting for ADA to demonstrate sustained strength.  According to recent data from Coinglass, [...]

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