Cardano Eyes Breakout Amid Cautious Market Sentiment
Key Takeaways
Cardano (ADA) is once again showing signs of a potential price rally, similar to what occurred in the third quarter of 2024. Currently, the price is moving within a well-known support zone between USD 0.59 and USD 0.70. Technical patterns suggest a possible repeat of the previous breakout—provided ADA can overcome key resistance levels. A rise to USD 2.50 in the second quarter of 2025 is conceivable under certain conditions.
Current Price Development of Cardano
Cardano is currently holding above the low from February 3, 2025. This stability is seen as a positive sign. The support zone between USD 0.59 and USD 0.70 has been successfully tested three times over the past 60 days. This indicates strong demand at these price levels.
However, the RSI (Relative Strength Index) on a daily basis shows decreasing momentum. The RSI is a technical indicator that measures whether an asset is overbought or oversold. In this case, the trend suggests that buyers are losing strength. A retest of the USD 0.60 level cannot be ruled out.
Comparison with the Q3 2024 Pattern
The current price structure strongly resembles the trend seen in the third quarter of 2024. At that time, a series of higher lows following a significant pullback led to a two-year high of USD 1.32. A similar scenario could develop again—provided ADA breaks through key resistance levels.
However, a concrete breakout moment has yet to materialize. While recent price movements indicate buyer interest during pullbacks, a sustained upward trend has not yet been confirmed.
Volume Development and Market Sentiment
A look at the trading volume reveals differences compared to previous movements. During the drop to USD 0.63 on February 28, 2025, 7.36 billion ADA were traded—a yearly high. In contrast, volume during the recent decline to USD 0.65 was only 500 million. This discrepancy points to weaker buying interest.
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The current market sentiment is rather cautious. Many investors seem to be waiting for further price declines before re-entering. This suggests a “risk-off” phase, where investors act more conservatively.
Key Zones and Technical Outlook
In the coming days, it will become clear whether Cardano can defend the support zone around USD 0.60. A successful rebound could pave the way for a test of the resistance at USD 0.73.
The ADA to Bitcoin ratio (ADA/BTC) is also approaching a critical point. If a breakout from the long-term downtrend occurs, it could further strengthen ADA. A capital rotation from Bitcoin into altcoins like Cardano would be another potential catalyst.
Potential for a Rise to USD 2.50
A breakout pattern similar to the third quarter of 2024 is conceivable under certain conditions. Chief among these is a clear dominance of ADA over Bitcoin. Only if Cardano can strengthen its relative position is a price target of USD 2.50 realistic.
Such a rise would represent a gain of over 100%—but only if the market structure remains stable and new buyers enter the market.
Our Assessment
Cardano is currently in a decisive phase. The technical structure is reminiscent of previous rallies, but weaker volume and declining momentum warrant caution. A breakout to USD 2.50 is possible, but by no means guaranteed. Those watching or invested in ADA should closely monitor the support zones and ADA’s performance relative to Bitcoin. The coming weeks could be crucial for the future price trend.
| Symbol | ADA |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $0.68 |
| 24h % | 3.05 % |
| 7d % | -8.48 % |
| 30d % | -37.10 % |
| 60d % | -27.86 % |
| 1y % | 9.47 % |
| Market Cap | $24,461,440,707.00 |
| Max. Supply | 45,000,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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