ADA Explodes Past $0.70 What Now?
After weeks of sideways action, Cardano (ADA) has finally broken out, reclaiming the $0.70 level and reigniting hopes for a bullish 2025. But is this a temporary spike, or are we witnessing the start of a trend reversal that could take ADA price to $1 and beyond? Lets break down what the charts say and what could come next for Cardano.
Cardano Price Prediction: Cardano Reclaims Key Moving Averages
Cardanos daily chart has turned decisively bullish. For the first time in over a month, ADA price has broken above both the 20-day and 50-day simple moving averages (SMAs), sitting now at $0.72. The price is flirting with the 100-day SMA ($0.76), which could act as the next key resistance zone.
Even more significant is the behavior of the Accumulation/Distribution Line (ADL), which has spiked to 1,592.38. This signals that volume behind the move is not just speculative buyers are actively accumulating ADA at current levels.
ADAs structure also shows a clean breakout from a falling wedge pattern, with bullish momentum building. The next target based on this pattern could push the price towards the $0.82$0.88 zone, provided the 100-day resistance is flipped into support.
Hourly Chart: Bulls Are in Full Control
The hourly chart paints a clear picture of short-term strength. After consolidating around $0.65$0.68 for most of last week, ADA surged past resistance and briefly touched $0.74 before settling at $0.721. The current pullback appears healthy and is being absorbed above all major short-term SMAs.
The moving average ribbon is tightly stacked in a bullish configuration, and ADA is holding above the 20-hour and 50-hour lines with strong momentum. The hourly ADL is also holding steady near 1,490.60, showing no signs of panic selling.
If Cardano price maintains support at $0.70 and breaks above $0.74 again, a fresh impulse move to $0.78 could follow quickly. Short-term traders will be watching for a break above the previous high at $0.743 for confirmation.
Can Cardano Reach $1 Again?
The $1 mark remains a psychological barrier, but the path is beginning to open up. Heres what it would take:
- Short-term: Clear resistance at $0.76$0.78 needs to break.
- Mid-term: If ADA flips $0.80 into support, $0.90 and $1 come back into the conversation.
- Volume: Needs to remain above average. A breakout without volume would be short-lived.
The last time Cardano price broke past $0.70 with similar technical alignment was in early 2021 which led to a multi-month rally toward its all-time high near $3. While that may not be on the immediate horizon, a return to $1 by mid-2025 now looks increasingly realistic if market momentum holds.
Cardano Price Prediction: ADAs Revival Is Real
After a long period of dormancy, Cardano is flashing real strength across both daily and hourly timeframes. With all major moving averages aligned, accumulation increasing, and price structure breaking higher, ADA price is no longer just sleeping its waking up.
If bulls can hold $0.70 and retest $0.74, the next phase of the uptrend could be just beginning. For those looking for value in altcoins outside the spotlight, Cardano might just be the quiet giant ready to roar.
Read more: https://cryptoticker.io/en/ada-explodes-past-dollar070-what-now/
Text source: CryptoTicker
