During a time of market uncertainty, Cardano (ADA) has been trading in a narrow range near a critical level, setting up a pivotal moment. Over the last 11 days, ADA has been moving between $0.70 and $0.74, currently testing the lower end of this range.
Current Price Momentum of ADA
Alongside this consolidation, ADA’s current price is being supported by an upward trendline that has been consistent since the start of March 2025. The cryptocurrency is currently hovering around $0.71 and has seen a slight price increase of over 0.50% in the past day.
Technical Analysis and Key Levels for Cardano (ADA)
According to expert analysis, ADA is forming a symmetrical triangle pattern within its consolidation phase. If the cryptocurrency breaks out of this pattern and closes a four-hour candle above $0.74, there is a good chance it could surpass the consolidation and rise by 15% to reach $0.85.
Currently, ADA has the potential to increase by 3%, which could see it reach $0.736. This projection is based on a shorter timeframe. However, on a longer timeframe, ADA’s daily chart indicates that a significant rally will only commence once the cryptocurrency closes a daily candle above $0.85.
Due to the prevailing bearish market sentiment and an uncertain pattern, traders and investors appear to be less involved in ADA, leading to a notable decrease in trading volume, as reported by the on-chain analytics firm Santiment.
Data indicates that ADA’s trading volume is currently at its lowest point since the beginning of 2025. Moreover, the volume has declined by 15% in the past 24 hours.
