- ADA’s MACD and RSI indicate weak momentum, but a potential reversal could occur if buying pressure increases.
- ADA must hold $0.6351 to avoid further decline, while breaking $0.6882 could trigger a move toward $0.70 – $0.72.
- Analysts predict a 2.91% rise to $0.704 by March 2025, with a long-term bullish target of $5 if momentum strengthens.
The current landscape for Cardano illustrates the influence of broader market factors, specifically Bitcoin’s fluctuating dominance and the growing appeal of Coldware (COLD) which is drawing significant interest from institutional investors shifting the narrative in the DeFi space.
Cardano price is trading at $ 0.6697 with a 24-hour trading volume of $ 889.23B, market cap of $ 24.08T, and market dominance of 0.85%. The ADA price decreased -1.9% in the last 24 hours. The Cardano price prediction sentiment is currently bearish , while Fear & Greed Index is showing 32, a significant level of fear, but not at the most extreme level.
Key Levels to Monitor for Cardano’s Next Move
Cardano’s current circulating supply is 35.17B ADA out of max supply of 45.00B ADA. In terms of market cap, Cardano is currently ranked #9 in the Proof-of-Stake Coins sector and ranked #7 in the Layer 1 sector.
The price is currently hovering near key support at $0.6351, a crucial level that, if breached, could trigger further downside. Conversely, resistance at $0.6882 remains a barrier for any potential upside breakout. If ADA breaks past $0.6882, momentum could push it toward the $0.70 – $0.72 zone. However, if support at $0.6351 fails, ADA could decline to $0.62 – $0.60.
Technical Indicators Signal Bearish Momentum and ADA Consolidation
ADA market capitalization is shown as $23,479,231,094 for both buy and sell, indicating a balanced state. The MACD shows negative values, with the MACD line at -217.15 million, the signal line at -1.37 billion, and the histogram at -1.59 billion, suggesting bearish momentum.
The RSI is at 41.40, indicating that ADA is approaching oversold conditions but is not yet in extreme oversold territory. The combination of a declining MACD and low RSI suggests that ADA may be experiencing a downtrend, with potential for reversal if buying pressure increases.
ADA Price Prediction for March 2025
Despite current challenges, analysts still anticipate a $5 price target for Cardano (ADA) in the coming months, provided it maintains bullish momentum. According to Coincodex analysis, the price of Cardano is predicted to rise by 2.91% and reach $ 0.704208 by March 28, 2025.
