30.03.2025
Mirjan Hipolito
Cryptocurrency and stock expert
30.03.2025

Cardano price consolidates near $0.70 as technical indicators signal imminent move

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.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.