- Bullish Trend with Resistance – ADA shows bullish momentum, but resistance at $0.7844 needs a breakout for further gains toward $0.80–$0.82.
- Speculation on Ripple Partnership – Hints of a potential Cardano-Ripple collaboration drive investor excitement and could impact ADA’s liquidity.
- Support Levels to Watch – If bullish momentum weakens, ADA could retreat to the $0.71–$0.72 range, making support levels crucial for traders.
Cardano (ADA) has recently shown bullish momentum, reaching a price of $0.7551 marking a 1.0% increase in the last 24 hours. Compared to Bitcoin the value of ADA remains at 0.0007699 BTC with a corresponding 2.8% increase indicating potential strength in BTC value terms.
The ADA market shows average price swings during the last 24 hours because the currency traded between $0.7248 and $0.7844. ADA price movement indicates the cryptocurrency reached elevated resistance at $0.7844 without succeeding to stay above this level which suggests strong selling interest in this region.
Cardano Key Support and Resistance Levels
The overall trend appears bullish, as ADA has posted gains both in USD value and against BTC. The fact that it remains closer to its daily high than the low suggests sustained buying interest. However, the resistance level at $0.7844 is a key barrier, and a breakout above this could propel prices toward $0.80 or even $0.82 in a bullish continuation scenario.If market sentiment remains positive and Bitcoin also trends upward, ADA could see further price appreciation.
If bullish momentum holds, ADA could trade between $0.79 and $0.82, while in a bearish case, it may retreat to $0.71 – $0.72. Traders should closely monitor resistance and support levels to gauge market direction.
Current Price Trend and Market Activity
Speculation is growing in the crypto community as Charles Hoskinson, Cardano’s founder, hinted at a major update this month. While details remain undisclosed, many recall his previous statements about a potential Ripple-Cardano partnership by March.
Speculation about RLUSD (Ripple’s stablecoin) integrating with Cardano’s blockchain has intensified the market since this would increase liquidity and adoption. Investors eagerly await further announcements, as such a move could boost ADA price more in the coming weeks.
The overall trend remains cautiously bullish, but resistance levels need to be monitored to confirm a more sustained upward trend and potential reversals.
