Cardano’s Make-or-Break Moment: Will ADA Shatter Resistance and Rally?
Cardano (ADA) teeters at a critical juncture—bulls need a decisive breakout to reignite momentum. Here’s what’s at stake.
The resistance wall: ADA’s price action has been trapped below a stubborn ceiling for weeks. Traders are watching volume closely—any spike could signal the next big move.
Ecosystem pressure: With DeFi projects on Cardano still playing catch-up to Ethereum’s dominance, ADA needs more than technicals to sustain a rally. (Because what’s a layer-1 without developers scrambling to build the next useless NFT project?)
Make it or break it: If buyers fail to force a breakout soon, we might see another painful retest of support levels. But catch the right wave, and ADA could ride the momentum straight back into the spotlight.
Cardano Price Eyes Upside Break
In the past few days, Cardano saw a fresh increase from the $0.710 level, but it underperformed Bitcoin and Ethereum. ADA was able to clear the $0.7250 and $0.7320 resistance levels.
The price cleared the 50% Fib retracement level of the recent decline from the $0.7762 swing high to the $0.7110 low. However, the price is now approaching a couple of key hurdles on the upside, starting with $0.7580. There is also a key bearish trend line forming with resistance at $0.7580 on the hourly chart of the ADA/USD pair.
Cardano price is now trading above $0.740 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7580 zone and the trend line.
The first resistance is near $0.760 or the 76.4% Fib retracement level of the recent decline from the $0.7762 swing high to the $0.7110 low. The next key resistance might be $0.7720. If there is a close above the $0.7720 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.80 region. Any more gains might call for a MOVE toward $0.8250 in the near term.
Another Decline In ADA?
If Cardano’s price fails to climb above the $0.760 resistance level, it could start another decline. Immediate support on the downside is near the $0.7420 level.
The next major support is near the $0.7260 level. A downside break below the $0.7260 level could open the doors for a test of $0.710. The next major support is near the $0.680 level where the bulls might emerge.
Technical Indicators
Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.
Major Support Levels – $0.7420 and $0.7260.
Major Resistance Levels – $0.7600 and $0.8000.