cardano

Cardano (ADA) has soared over 75% after U.S. President Donald Trump announced its inclusion in a proposed crypto strategic reserve. The price surged from $0.6461 to $1.13, driven by renewed investor confidence.

According to TradingView, ADA’s trading volume skyrocketed by 1,450%, reaching $9.7 billion. Meanwhile, the broader crypto market gained $300 billion in value, reflecting the impact of this announcement.

Cardano Breaks Key Resistance Levels

Cardano successfully broke past the $0.82 resistance, signaling an end to its consolidation phase. After peaking at $1.20, the price slightly retraced and is now stabilizing around $1.00.

Technical Indicators Remain Bullish

✔ Relative Strength Index (RSI): Briefly hit overbought territory (75) before cooling to 62, suggesting possible short-term consolidation.
✔ Exponential Moving Average (EMA): $0.8255, indicating a strong buy signal.
✔ Simple Moving Average (SMA): $0.9350, further supporting bullish momentum.

If ADA holds above $1.00, the next resistance level sits at $1.20, with a potential move to $1.50 if buying pressure continues. On the downside, $0.82 remains key support, while $0.80 serves as a psychological level.

Cardano ETF Could Be a Major Catalyst

A major development on the horizon is the potential approval of Grayscale’s spot Cardano ETF by the U.S. Securities and Exchange Commission (SEC).

If approved, this would be the first U.S. ETF dedicated to ADA, making Cardano more accessible to institutional investors. This could drive long-term growth and mainstream adoption.

Final Thoughts

Cardano’s massive rally highlights its growing significance in the crypto market. With Trump’s crypto reserve plan and a potential Cardano ETF, ADA could see further gains. Will it sustain momentum, or is a correction coming? Share your thoughts below!

Cardano is consolidating with strong bullish momentum. Can ADA break out and hit $0.99? Key support and resistance levels to watch!

Cardano Shows Strong Bullish Sentiment

Cardano (ADA) has been consolidating, but signs point to a potential breakout. Investor confidence is rising, with more funds flowing into the cryptocurrency. If market conditions remain favorable, ADA could surge higher in the coming weeks.

One key indicator supporting this bullish outlook is the Mean Coin Age metric, which has increased recently. This suggests long-term holders (LTHs) are holding onto their ADA instead of selling, reducing available supply. When fewer coins are sold, buying pressure increases, setting the stage for an upward move.

Technical Indicators Support Cardano’s Rally

Cardano’s technical indicators also signal growing strength. The Chaikin Money Flow (CMF) has been rising sharply, indicating increased capital inflows into ADA. A higher CMF suggests strong demand from traders and investors, reinforcing expectations of a breakout.

With growing buying pressure and reduced selling activity, ADA seems well-positioned for a price surge. Investors appear to be betting on a significant move upward, and the technical setup supports this outlook.

Can ADA Break Out and Reach $0.99?

Cardano is currently breaking out of a descending wedge pattern, a bullish formation. Based on historical trends, this pattern could trigger a 26% rally to $0.99 if key resistance levels are breached.

🔹 Key resistance level: $0.85 – Flipping this into support would confirm the bullish breakout.
🔹 Support levels to hold: $0.77 and $0.70 – Losing these could invalidate the bullish setup.

If ADA maintains momentum and holds above $0.77, the rally could continue. However, failure to do so may lead to a drop back to $0.70, delaying any breakout attempts.

ADA surged 11% after Grayscale filed for a spot ETF. But with the hype fading, will the rally hold, or is a deeper correction coming?

Cardano ETF Sparks Brief Rally

Cardano’s ADA jumped 11% on Tuesday, reaching $0.82, after Grayscale Investments filed for the first-ever spot ADA ETF in the U.S.. However, the excitement was short-lived. ADA has since dropped 4%, now trading at $0.76.

Despite the decline, daily trading volume surged by 48% to $1.44 billion. Increased volume during a price drop signals strong selling pressure, suggesting that many traders are cashing out.

Bearish Signals Suggest Further Decline

ADA’s Balance of Power (BoP) indicator stands at -0.54, confirming that sellers currently dominate the market. A negative BoP means that bearish momentum is growing, increasing the likelihood of further price drops.

If selling pressure continues, ADA could fall to $0.70. If this support level breaks, the price might plunge to $0.53, a level last seen on February 3.

Can ADA Regain Momentum?

For a bullish reversal, buyers must regain control. If accumulation increases, ADA could climb back to $0.82. However, the market remains uncertain, and investors are closely watching whether the ETF speculation will drive renewed interest or lead to more selloffs.

Cardano (ADA) is struggling, and its largest holders are scaling back their activity. On-chain data reveals that ADA whales have been gradually reducing their holdings over the past week. If this trend continues, ADA could face further downside pressure.

Cardano Whales Reduce Exposure

According to IntoTheBlock, the netflow of large ADA holders has dropped 90% in the last seven days. These major investors, who control more than 0.1% of ADA’s circulating supply, are either selling off their holdings or pausing accumulation.

This decline in whale netflow weakens market confidence, reducing liquidity and increasing volatility. If large investors continue to step back, ADA could struggle to recover.

Adding to the bearish outlook, ADA’s futures market funding rate has turned negative (-0.005%), signaling a rise in short positions. A negative funding rate means traders are betting against ADA, reinforcing bearish sentiment.

ADA Price Prediction: Bearish Trend Strengthens

ADA’s price remains below the red line of the Super Trend indicator, a key signal of bearish momentum. When an asset trades below this indicator, selling pressure dominates.

• If ADA continues to decline, it could drop to $0.70.
• If traders regain confidence and start accumulating, ADA could rebound to $0.82.

For now, market sentiment remains negative, and ADA must regain momentum to reverse the trend.

Cardano (ADA) continues to face mounting bearish pressure, trading below $1.00 after failing to breach the $1.13 resistance level. While Bitcoin enjoys an upward trajectory, ADA’s divergence from the leading cryptocurrency has raised concerns among investors.

Cardano Investors Face Rising Losses

Cardano’s recent price action has been marked by an increase in realized losses. Data shows that more investors are selling their ADA at a loss, reaching a two-month high. This bearish trend highlights growing uncertainty in the market.

The current sentiment suggests caution, with sellers stepping back and market activity slowing. As investors wait for stronger bullish signals, Cardano’s recovery may remain delayed.

ADA’s Correlation with Bitcoin Declines

Cardano’s correlation with Bitcoin has dropped to 0.40, indicating a growing decoupling from the broader market leader. Historically, such a divergence has preceded price corrections for ADA.

Without Bitcoin’s stabilizing influence, Cardano appears increasingly vulnerable to standalone volatility. This weakening connection underscores ADA’s fragility and the challenges it faces in regaining momentum.

ADA Price Prediction: Can Cardano Reclaim Support?

In the last 24 hours, Cardano’s price has dropped by nearly 10%, settling at $0.95. The cryptocurrency is struggling to break past the $0.99 resistance level, reflecting ongoing bearish sentiment.

The recent decline pushed ADA below the psychological support of $1.00. If selling pressure continues, the price could test $0.85, a level it nearly reached during yesterday’s session.

However, a rebound above $0.99 could signal the start of a recovery. Reclaiming this level might enable Cardano to target $1.13 as its next resistance. Such a move would invalidate the bearish outlook and restore investor confidence.