Cardano's Price Volatile, Up 0.90% in 24 Hours, Down 7.87% Weekly

Cardano's price has been experiencing significant volatility, with its value fluctuating around $0.68 as of April 2025. Investors and traders are closely monitoring whether ADA will rebound to $0.70 or continue to decline towards $0.60.

Over the past few days, Cardano's price has seen moderate fluctuations, dipping to a low of $0.663 before rebounding to highs of $0.69. Despite these ups and downs, the cryptocurrency closed on the green side, indicating some buying pressure. The overall market has remained unstable, with traders transferring their positions by buying during any falling. Consequently, ADA’s price has been able to remain somewhat stable and maintain its position above important support levels. The 24-hour chart indicates that Cardano’s price is currently sitting just above the $0.68 mark, up by 0.90%. However, it is down by about 7.87% in the past week, hinting at poor performance in reversing the downtrend.

Traders are closely watching ADA’s key support and resistance levels. The nearest support level is $0.63, which, if broken, will imply further decline in the value, or a possible reversal of the trend if the price retests this level. If Cardano goes below this level, the subsequent level of support may be between $0.60 and $0.61. Any move below $0.63 looks reasonably bearish, and opens the possibility of ADA testing these particular lows.

On the other hand, Cardano must clear its resistance levels to regain bullish momentum. The daily moving averages at $0.73 (200-day moving average) and $0.75 (50-day moving average) are important barriers to watch. As of now, the RSI stands at 46.27, just below the neutral level of 50. An RSI below 50 means that ADA is not yet in a bullish trend, although it could be in the reclaiming process if only the buying pressure rises. At the moment, the MACD is showing a bearish outlook as the MACD line is below the signal line. However, there are signs of weakening bearish momentum, as the histogram shows increasing green bars. This suggests that while the market is still in a bearish phase, ADA may soon experience a bullish reversal if the MACD crosses into positive territory. Moreover, ADA’s price action also forms a Falling Wedge pattern, which is typically considered a bullish reversal pattern despite the death cross formed earlier today threatening a 25% ADA price dip.

Crypto analysts are mixed in their outlook for Cardano in the short term. Some experts predict that ADA could continue to trade within its established range between $0.63 and $0.75. However, a breakout above the $0.75 resistance could set the stage for a stronger upward move, with some even setting a target of $1 for the next few weeks. According to a TradingView analysis shared, Cardano price has been following an established ascending channel pattern over the years. This pattern has historically led to significant price surges when ADA moved between its upper and lower trendlines. In the past, a similar channel saw ADA rise from $0.20 to over $2.70 in 2021. The TradingView chart suggests that if ADA continues to follow this pattern, it could see significant upside potential in the long term. Analysts believe ADA might push towards $50.48 by the end of 2025, as it follows this channel’s upward trajectory. Such a move would require continued market optimism and strong demand for ADA.

On the flip side, analysts like Ali Martinez warn that Cardano is at a critical juncture. If ADA fails to reclaim the $0.70 to $0.80 support zone, it could see a deeper correction. Some experts suggest that ADA might test the lower $0.30s, though this scenario would require a more severe breakdown from current levels.