- Cardano continues to stay above $0.70, signaling possible bullish pressure soon.
- Resistance at $0.76 is still strong, with volume important in confirming a breakout.
- ADA holds steady in a narrow range, waiting for a clear market direction.
Cardano (ADA) continues to trade in a range, near key support and resistance levels. The market remains undecided, and traders are monitoring volume closely for a break-out.
Market Analyst Observations
A detailed breakdown indicates that Cardano is building momentum near the $0.70 support level. Observing market behavior, ADA’s price action shows a series of higher lows. This could signal the potential for bullish pressure to build in the near term.
According to Greg Miller, if the price sustains above $0.70, an upward push toward $0.76 remains possible. However, he warns that failure to hold above this level could trigger a downward move. This may test lower support levels, adding uncertainty to the market’s direction.
Source: Greg Miller
Tracking market movements, Miller emphasizes that volume confirmation is crucial for validating a breakout scenario. A surge in buying volume could reinforce an upward trend while declining volume might suggest continued consolidation. Resistance remains firm at $0.76, preventing immediate bullish expansion.
Cardano’s price trend from surge to volatile consolidation
The TradingView time frame displays Cardano’s price movements over six months, covering late 2024 to March 2025. The trend shows an initial spike, peaking above $1.30, followed by a sharp decline and lengthy correction. The price then fluctuates between the $0.60 and $1.10 range before settling around the current $0.6843 level.
Source: TradingView
Volume trends indicate increased activity during sharp price movements, with buying interest peaking in the initial uptrend. Selling pressure intensified during declines, reflecting market uncertainty. Current price action exhibits a bearish structure, with resistance levels at $1.10 and $1.30.
Market conditions remain volatile, with ADA trading within a defined range. Future price movement depends on whether buyers can push past key resistance or if sellers regain control, reinforcing downward pressure. The consolidation phase persists as traders assess potential breakout conditions.
