Cardano's Price Rises 0.03% as Institutional Investors Flock to Cryptocurrency

Cardano's latest price was $0.6206, up 0.03% in the last 24 hours. The cryptocurrency has shown signs of renewed bullish momentum, with technical indicators aligning in favor of buyers. The BBTrend indicator has turned positive for the first time in days, suggesting a potential stabilization of momentum after recent weakness. This shift, though subtle, may indicate that selling pressure is fading and the price could be entering a recovery phase if buying activity increases. Traders will be watching closely to see if this positive shift is sustained in the coming sessions, as continued gains in BBTrend could indicate the beginning of a more defined upward move for Cardano.

The Directional Movement Index (DMI) for Cardano is also showing a notable shift in momentum, with its Average Directional Index (ADX) climbing steadily. The ADX measures the strength of a trend, regardless of its direction, on a scale from 0 to 100. Values below 20 suggest a weak or non-existent trend, while readings above 25 typically confirm that a trend is gaining strength. Cardano’s ADX is still below the 20 threshold but rising steadily, indicating that momentum is building and a stronger directional move could soon take shape. The +DI (positive directional indicator) has jumped significantly, signaling increased buying pressure. The widening gap between the +DI and -DI (negative directional indicator) suggests a clear shift in favor of bulls, with buyers regaining control after a brief period of selling pressure. If the ADX continues to rise alongside a dominant +DI, it could confirm a strengthening uptrend for Cardano.

Cardano is approaching a potentially bullish technical development, as its EMA lines suggest a golden cross may form in the coming sessions. A golden cross occurs when the short-term moving average crosses above the long-term moving average, often signaling the start of a stronger uptrend. If this crossover is confirmed and Cardano manages to break above the resistance, the next upside targets sit at higher levels. However, if Cardano fails to maintain its upward trajectory and the momentum fades, downside risks remain in play. A drop back toward the support would be the first sign of weakness, and a breakdown below that level could expose the asset to deeper losses.

Cardano has emerged as the frontrunner for institutional investment in the cryptocurrency space, outpacing industry giants Bitcoin, Ethereum, and Solana in recent weeks. According to a report by a crypto analytics firm, Cardano recorded significant inflows as of March 29, 2025, positioning it as the top-performing cryptocurrency asset for institutional investors. This achievement is particularly notable given the broader market context, where total crypto outflows reached a significant amount during the same period. The surge represents a remarkable increase in weekly inflows for Cardano, jumping from a modest amount to a substantial figure in late March. This growth stands in stark contrast to Bitcoin, which, despite pulling in significant weekly inflows, suffered substantial monthly outflows. Similarly, Ethereum experienced significant outflows for the month. Solana showed positive performance with notable inflows, but still fell significantly short of Cardano’s figures. The broader altcoin market received inflows after four consecutive weeks of outflows, suggesting a shift in investor sentiment towards Cardano.