- ADA’s $0.80 resistance is crucial; a breakout could push prices toward $0.98, $1.16, and $1.35, while failure risks a drop to $0.70.
- RSI at 40.82 signals weak momentum, but rising volume and a potential MACD crossover suggest a possible bullish reversal.
- Upcoming Plomin Hard Fork and Ouroboros Leios upgrades could boost long term ADA value, while ETF speculation fuels interest.
Cardano (ADA) has had a challenging start of the year 2025, struggling to sustain momentum despite a rally in late 2024. On February 12, ADA dropped to $0.7736, a 4.22% decline for the day.
However, it remained 2.80% higher over the past week. The current price, at $0.7736, has a resistance at $0.80 and support at $0.70. Analyst Rose suggests that ADA is at a crucial point, with a potential breakout or further downside in the short term.
Bearish Pressure and Resistance Levels
ADA started the day at $0.7782, reaching a high of $0.7874 before falling to a low of $0.7538. The resistance at $0.80 is strong, with $1 being the next substantial level if buyers gain control.
However, support is at $0.70, with $0.60 as a critical level if bearish momentum intensifies. The RSI is at 40.82, below the neutral 50 level, indicating weak momentum. Previously, the RSI dropped to 33.95, indicating oversold conditions.
A recovery above 50 would suggest growing bullish strength. The MACD line is negative at -0.0036, but the narrowing histogram hints at weakening bearish momentum. If a bullish crossover occurs, ADA could start an upward move.
Volume Surge and Market Sentiment
Cardano’s daily trading volume has increased to 51.6 million ADA, indicating increased market activity. A sustained rise in volume would support bullish attempts to push prices higher.
If ADA breaks past $0.80, it could move toward $0.90 and eventually test $1. However, failure to overcome resistance may result in a retest of $0.70 or lower levels. Analyst Rose notes that ADA is testing a trendline resistance, which could determine its next move.
A breakout above $0.85 would confirm a bullish reversal, with targets at $0.98, $1.16, and $1.35. If ADA fails to clear this level, it may retreat toward the $0.70 – $0.75 range, delaying any substantial upside.
Potential Breakout and Future Outlook
ADA is currently forming a descending wedge pattern, a historically bullish pattern. If buyers push the price above the trendline resistance, an upward move toward $1 and beyond could happen.
On the other hand, rejection at $0.85 could result in continued consolidation within the $0.70 – $0.80 range. The broader market moves influence ADA’s movement. Grayscale’s application for a Cardano ETF suggests growing institutional interest.
Additionally, upcoming network upgrades, including the Plomin Hard Fork and Ouroboros Leios, aim to enhance scalability and decentralization. These movess could influence ADA’s long term value, but the immediate price action depends on whether it can break above key resistance levels or face another pullback.
