Cardano Shows Signs of Recovery Following Bearish Week as Traders Eye Key Levels

After seven consecutive days of downward price action, Cardano (ADA) is attempting a technical rebound as of April 19, 2025. Market analysts observe that the eighth-largest cryptocurrency by market capitalization is testing crucial support levels that could determine its near-term trajectory. The recovery attempt comes amid improved sentiment across altcoin markets, though trading volumes remain below average. Technical indicators suggest ADA may be forming a short-term bottom, with the Relative Strength Index (RSI) climbing from oversold territory. However, resistance at $0.48 poses a significant challenge for bulls seeking to confirm trend reversal. The coming days will prove critical for ADA’s price discovery as the network prepares for its upcoming Chang hard fork upgrade.

In Brief

• Cardano (ADA) rose above $0.60 but remains in negative territory over 24 hours.
• Technical indicators suggest the bearish trend is not yet halted.
• A Node 10.3.1 technical update has just been released in preview

Cardano Attempts to Preserve the Key Level of $0.60

Cardano started a rebound Thursday, April 16, after hitting a low point at $0.595. The price had previously recorded three consecutive days of decline since its recent peak of $0.668 reached on April 13. During Thursday’s session, ADA reached a peak at $0.629 before stabilizing.

This Friday morning, buyers are trying to maintain the positive momentum but are struggling to firmly defend the $0.61 level. This hesitation reflects a balance of power that remains favorable to sellers in the short term.

Technical analysts identify several key areas to watch. On the upside, buyers should face significant selling pressure around the moving averages.

A daily close above the 50-day moving average ($0.70) could open the way for a rise toward $0.83.

Conversely, bears seek to strengthen their grip by pushing ADA below the $0.58 support. If this level breaks, the drop could accelerate toward the psychological threshold of $0.50, which crypto buyers will likely defend vigorously. A failure at this level could extend the correction down to $0.40.

Technical Improvement in the Background

During this period of volatility, the Cardano development team continues its technical progress. A new node version, Node 10.3.1, has just been released in preview.

This update brings several significant improvements: increased performance, optimized execution speed, reduced memory usage, and accelerated synchronization times.

It also introduces refinements to the tracing system and supports lightweight checkpointing necessary for the activation of Ouroboros-Genesis.

These technical advances take place in a context of profound transformation for Cardano. After the recent announcement of Charles Hoskinson’s gradual departure, the project’s founder, the blockchain continues its transition towards fully community governance, in accordance with the Voltaire project.

Despite fluctuations in its price, Cardano therefore continues to strengthen its technical fundamentals, while the market remains attentive to the direction the price will take in the coming days.

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