Cardano (ADA) Price Surge Stuns the Market! Upside Potential and Resistance (4/3/25)

Jakarta, Pintu News – After a sharp decline, Cardano (ADA) found support in the $0.580 zone and recently started a sharp surge. This rise came after the announcement about crypto reserves by Trump, which prompted the price of Cardano (ADA) to surge by more than 60%, outperforming Bitcoin (BTC) and Ethereum (ETH).

Cardano Price Strengthening

Cardano (ADA) managed to establish a solid base in the $0.580 zone and started a significant rise. The price managed to break the $0.70 and $0.90 levels, even surpassing the $1.00 resistance. The price peak was recorded at $1.1577 before it started consolidating. Currently, Cardano (ADA) is trading above $1.00 and the 100-hour simple moving average.

There is a possible resistance at the $1.10 zone. The first resistance is near $1.1450, with a short-term contraction triangle formation having resistance at $1.1450 on the hourly chart of the ADA/USD pair. The next key resistance may be at $1.150.

Also Read: Why is Ripple Still Fighting in Court Despite SEC Dropping Another Crypto Case?

Upside Potential and Resistance

If the price manages to break the $1,150 resistance, Cardano (ADA) could start a strong rally. In that scenario, the price could rise towards the $1,220 zone. A further increase might take the price towards $1,250 in the near future. The hourly MACD indicator shows increasing momentum in the bullish zone, while the hourly RSI (Relative Strength Index) is above the 50 level, signaling dominant buyer strength.

Possible Price Drop

However, if Cardano (ADA) fails to break the $1,150 resistance level, the price could decline again. Immediate support is near the $1,040 level. The next major support is at the $1.00 level. In the event of a break below this level, the price could drop to $0.90, with the next major support at the $0.80 zone, where buyers might reappear.

Conclusion

With strong support and continued bullish momentum, Cardano (ADA) shows significant potential for further growth. However, investors should remain wary of potential downside if key resistances are not successfully broken. Aayush Jindal, with over 15 years of experience in the financial markets, advises investors to pay attention to technical indicators and the support and resistance levels that have been identified.

Also Read: XRP Faces Hurdle at $2.4: Can Bulls Break Through? (4/3/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Cardano (ADA) Rockets 1.0. Accessed on March 4, 2025
• Featured Image: U.Today