Will Cardano (ADA) Surge? Check out the latest analysis!

Updated

April 29, 2025

Gambar Will Cardano (ADA) Surge? Check out the latest analysis!

Jakarta, Pintu News – Cardano has recently initiated a price increase from the $0.620 zone, showing potential for further gains. Currently, ADA is consolidating near $0.70 and seems to be eyeing a rise above the $0.720 zone. This movement has caught the attention of investors and analysts who are keeping a close eye on Cardano’s market dynamics.

Cardano Price Resistance

In the last few sessions, Cardano experienced a decline from the $0.7350 level. ADA dropped below the $0.720 and $0.70 support levels. The lowest point was formed at $0.6826, and now the price is rising again. Cardano is now trading above $0.680 and the 100-hour simple moving average.

However, on the upside, the price may face resistance at the $0.7150 zone and the 61.8% Fib retracement level of the last drop from $0.7338 to $0.6826. In a bid to resume the upside, Cardano needs to break the existing resistance. If successful, this could be a strong bullish signal for traders and investors. However, if it doesn’t, there is a chance that Cardano will experience another decline.

Potential for Price Decline ADA

If the Cardano price fails to break the $0.7150 resistance level, there is a possibility that the price will drop again. Immediate support is near the $0.70 level, with the next major support near the $0.680 level. If the price breaks below the $0.680 level, this could open the opportunity for a test to the $0.630 zone.

The technical indicators show that the MACD for ADA/USD is gaining momentum in the bullish zone, and the RSI for ADA/USD is now above the 50 level. This suggests that despite the potential downside, the general market sentiment is still leaning bullish.

Analysis and Predictions by Aayush Jindal

Aayush Jindal, who has over 15 years of experience in Forex and cryptocurrency trading, provides this technical analysis. His expertise is often relied upon by investors around the world to understand the complexities of modern financial markets.

With a strong background in technical analysis, Jindal provides deep insight into Cardano’s potential price movements. According to Jindal, although there are some barriers and resistances to overcome, the long-term outlook for Cardano remains positive. Investors are advised to monitor technical indicators and market news to make informed investment decisions.

The Future of Cardano

With the market dynamics constantly changing, Cardano (ADA) is showing some promising signals for future upside. Although there are downside risks, technical indicators favor a more optimistic view. Investors and traders should stay alert to changing market conditions to capitalize on emerging opportunities.

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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.