Will the Cardano price rise or fall? Here’s what the technicals say
Cardano (ADA) has risen 11% over the past week, showing resilience.
Technical analysis suggests a rise to $0.75 with a bullish RSI and MACD.
However, the long-term outlook signals caution due to volume drop and resistance.
Cardano (ADA) has captured attention with an impressive price surge, climbing 11% in just one week despite significant selling pressure from Whales who dumped around $64 million worth of tokens.
Whales have offloaded over 100 million #Cardano $ADA in the past week! pic.twitter.com/kdCl1CXmEE
— Ali (@ali_charts) April 15, 2025
This upward movement stands out in a volatile crypto market, showcasing ADA’s ability to hold its ground even as large holders cash out.
Notably, currently priced at approximately $0.6467, ADA has notched a 1.1% gain in the last 24 hours, securing its spot as the 10th largest cryptocurrency with a market cap exceeding $23 billion.
Compared to peers like Ethereum (ETH) and Solana (SOL), which have suffered year-to-date declines of nearly 50% and 29%, respectively, Cardano’s more modest 22.7% drop highlights its relative resilience.
Can Cardano price rise to $0.75?
Technical analysis offers clues about where ADA might head next, starting with a promising double-bottom pattern that hints at a potential rise.
This bullish reversal signal gained traction when the price rebounded sharply from $0.5750, backed by robust trading volume that underscores buyer conviction.
Momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are also flashing bullish signs, suggesting that upward pressure could persist.
On the hourly chart, ADA has already smashed through key resistance levels, forming an uptrend with a series of higher lows since early last week.
If the bullish momentum holds, analysts anticipate a retest of the $0.75 level, a previously stubborn resistance line, offering a possible 16.5% gain from its current price.
However, while this short-term strength is encouraging, a bearish divergence in the RSI sparked a brief downtrend starting Sunday morning, hinting at possible near-term fatigue.
Should the price dip, the $0.630 support level could serve as a critical floor, with analysts eyeing it as an entry point for a long position targeting $0.670, boasting a 2.4 risk-reward ratio.
Zooming out, Cardano’s long-term chart reveals a less rosy picture, with the price trapped between $0.55 and $0.60 for over 1500 days, unable to crack major resistance like $1 despite ecosystem advancements.
Also, the recent 7.59% drop in 24-hour trading volume to $661.97 million raises red flags, signaling that trader enthusiasm might be waning and threatening the surge’s staying power.
So, which way for the Cardano price?
Weighing these factors, the outlook for ADA blends optimism with uncertainty, as bullish signals like the double-bottom pattern and strong momentum clash with bearish cues like RSI divergence and declining volume.
If Cardano can muscle past $0.73 and $0.75 with sustained buying interest, an upward trajectory seems plausible, potentially rewarding patient investors.
Conversely, failure to clear these resistance levels could see the price retreat to $0.630 or below, especially if volume continues to erode.
In the end, ADA’s fate hinges on its ability to break free of technical ceilings and reignite demand, all while navigating its slower pace in decentralised finance (DeFi) and broader adoption challenges.
