Cardano price holds above $0.62 with upside capped below $0.66 resistance zone
Cardano price stabilizes above $0.62 with resistance at $0.66 limiting bullish momentum
Cardano (ADA) is trading near $0.6220 on Thursday, holding modest gains after bouncing off its $0.60 support zone. The cryptocurrency remains in consolidation, wedged between a key resistance range at $0.654–$0.66 and a support cluster between $0.598 and $0.605. While the price shows early signs of upward momentum, it remains confined beneath a dominant descending trendline from February and a stacked EMA resistance structure.
On the 4-hour chart, ADA is attempting to reclaim the 20 EMA at $0.6212, but the 50 EMA ($0.6246), 100 EMA ($0.6360), and 200 EMA ($0.6665) continue to slope downward above price, reinforcing a medium-term bearish bias. Unless bulls break above the $0.66 zone with conviction, upside potential appears capped.
Cardano price analysis (March 2025 - April 2025) Source: TradingView.
Momentum indicators flash early optimism but remain unconfirmed
Momentum signals are neutral but showing early bullish leanings. The RSI (14) stands at 49.62, rising slightly from recent lows. A push above 55 could validate the recovery, while the MACD is in a tentative transition, with the MACD line (-0.00404) and signal line (-0.00399) hovering just below the zero line. The flattened histogram suggests indecision, though a bullish crossover could emerge if momentum sustains.
The Keltner Channel indicates narrowing volatility, with ADA currently holding near the mid-band ($0.6212). Price is boxed between the upper band at $0.6478 and the lower band at $0.5946. A breakout on either side could define ADA’s next trend leg. Volume remains a key missing element for any confirmed move.
Outlook: Bulls need to reclaim $0.66 for structure shift
Cardano continues to respect its broader descending trendline, with the $0.738–$0.82 area acting as long-term resistance. A daily close above this zone would mark a meaningful shift in sentiment. For now, the $0.598–$0.605 region remains critical short-term support. A breakdown could push ADA toward $0.58 or lower, while sustained closes above $0.66 would favor bullish continuation toward $0.70 and beyond.
As noted in earlier coverage, Cardano’s price remains compressed within a descending channel, with EMAs and trendlines acting as major pressure points. Until strong volume confirms a directional break, ADA’s trajectory remains vulnerable to broader market sentiment.
