Cardano stalls at key resistance as bulls eye $0.77 breakout for fresh momentum
Cardano (ADA) held near $0.740 on Thursday, showing signs of consolidation after breaking above a multi-week descending trendline. The bullish breakout, which came after repeated tests of the downtrend from the $1.17 high, indicates that buyers are gradually regaining control. However, upside progress has been capped by a well-defined resistance zone between $0.74 and $0.767. Despite the recent trendline breach, the lack of follow-through above this area has kept ADA in a range-bound structure.
Short-term momentum remains constructive, with price trading above the 20, 50, and 100 EMAs on the 4-hour chart. These averages currently lie between $0.731 and $0.737, reflecting near-term buyer strength. However, the 200 EMA at $0.754 continues to act as a ceiling, aligning with the upper Bollinger Band and the 23.6% Fibonacci retracement level at $0.771 from the $1.17–$0.647 swing. A clean breakout above this confluence could unlock upside targets toward $0.85 and $0.91, while failure to do so may see the price retest the $0.70–$0.68 demand zone.
ADA/USD price dynamics (Feb 2025 - Mar 2025) Source: TradingView.
Indicators hint at buildup but lack decisive confirmation
Momentum indicators remain neutral to slightly bullish. RSI currently reads 52.56, indicating a balanced market sentiment with room for further upside. Meanwhile, the MACD shows flattening momentum near the zero line, suggesting consolidation with no clear direction. Bollinger Bands are moderately expanding, with price trading near the midline—hinting at an upcoming move but offering no directional bias yet.
The broader daily structure also supports a coiling market. ADA’s candles are clustering just below the $0.771 resistance zone, forming a base above $0.70. This area has held through multiple cycles, reinforcing its significance as a key support. A breakout above $0.771 with strong volume could mark the start of a medium-term uptrend.
In earlier analysis, we noted ADA’s setup for a triangle breakout and highlighted the $0.74–$0.77 resistance band as the level to beat. The price is now hovering near this zone, with bullish efforts gaining ground. A confirmed move above the 200 EMA and Fibonacci resistance could spark a broader recovery, while failure may keep the token trapped in consolidation.
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