Cardano price consolidates near $0.70 as technical indicators signal imminent move
ADA price consolidates between key levels
Cardano (ADA) is currently trading near $0.6758, showing a modest 2.04% decline over the past 24 hours. The asset is hovering near critical levels, and both short- and long-term technical indicators suggest a potential breakout in either direction. Market participants are closely watching price action to determine the next big move.
Market overview
Cardano (ADA) is trading near a critical support zone between $0.68 and $0.70, where the 200-day Simple Moving Average (SMA) is currently positioned. Holding this level is crucial to maintaining the broader bullish structure. A decisive breakdown below it could open the door for a deeper correction toward $0.60.
On the upside, ADA faces strong resistance in the $0.73–$0.75 range, which coincides with the 200-day Exponential Moving Average (EMA). A confirmed breakout above this area would mark a significant bullish reversal and could pave the way toward $0.78–$0.80 in the coming days.
In the 4-hour timeframe, ADA has broken below the previously critical $0.68–$0.70 support zone, indicating mounting bearish pressure. If the price fails to quickly reclaim this area, the next major support lies near $0.60, which could become a downside target in the short to medium term.
Cardano price analysis (30 March 2025) Source: TradingView.
Shorter timeframes show mixed signals. On the 1-hour chart, ADA remains under pressure, trading below the 20, 50, and 200-period EMAs. However, the Relative Strength Index (RSI) is approaching oversold territory, which could lead to a short-term bounce. This idea is supported by the 15-minute chart, where ADA appears to be stabilizing around $0.68, and the Money Flow Index (MFI) is at 35 — also near oversold levels.
In summary, ADA is trading within a well-defined range, and technical conditions suggest that a breakout — in either direction — may be on the horizon. Traders should monitor price action around $0.70–$0.73 for early signals of the next move.
Potential scenarios
- Bullish scenario: A breakout above $0.73, accompanied by strong volume, could confirm bullish momentum and push ADA toward $0.80–$0.82. This move would be further supported by a general crypto market rebound or positive developments in the Cardano ecosystem.
- Neutral іcenario: If ADA continues to trade between $0.68 and $0.73, it may indicate a consolidation phase before a larger move. This would suggest market indecision and the need for a strong catalyst to determine direction.
- Bearish іcenario: Failure to hold the $0.70 support and a drop below $0.68 could trigger a move down to $0.60, particularly if broader market sentiment turns negative.
The coming sessions are likely to provide clarity on whether ADA breaks out or breaks down.
Previously, ADA broke above a multi-week descending trendline and approached a well-defined resistance zone between $0.74 and $0.767. However, the lack of follow-through above this range kept the price in a range-bound structure, where it continues to consolidate.
