Fun

The Cardano Anomaly: ADA Quiet Now, But The Math Says Otherwise

News Feed - 2025-04-12 09:04:48

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Cardano (ADA) is slowly but steadily catching the attention of market watchers as it begins to reclaim upward momentum. After a stretch of sideways movement and bearish pressure that left the altcoin range-bound, ADA is now displaying signs of revival. 


The current price action might not be explosive, but it carries the hallmarks of a market quietly building strength one step at a time. This growing momentum suggests that bullsare gradually returning to the scene with renewed confidence. 


While caution remains across the broader crypto landscape, ADA’s calculated pace might actually be a sign of strength rather than weakness. Instead of rushing into overboughtconditions, the altcoin is laying a solid foundation that could support a more durable rally. The Calm Setup For A Calculated Climb


In a recent post on X, crypto analyst Gemxbt pointed out that Cardano exhibited a bullish structure, as the price trends steadily above 5, 10, and 20-hour moving averages. This alignment of short-term moving averages typically signals sustained buying pressureand growing bullish momentum in the market. It also suggests that the bulls are maintaining control in the short term, keeping Cardano on a steady upward path. Related Reading Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone 2 days ago


Gemxbt’s observation reinforces that ADA’s recent price action isn’t just a temporary spike but rather a sign of strengthening technical foundations. When prices remain consistently above multiple key moving averages, it often reflects increased trader confidence and a favorable environment for further upward movement. ADA gaining strength for an upward move | Source: Gemxbt on X


He further noted that a key resistance level lies around the $0.62 mark, which could act as a near-term hurdle for ADA’s price advance. On the downside, solid support has formed near the $0.56 level, providing a cushion against potential pullbacks. These levels are crucial in determining the next directional move, as a break above resistance could trigger further gains, while a fall below support might signal short-term weakness.


Gemxbt also highlighted that the Moving Average Convergence Divergence (MACD) indicator is currently crossing above the signal line, which suggests growing buying interest. This crossover typically marks the beginning of a momentum shift in favor of the bulls, increasing the likelihood of continued price appreciation. Potential Breakout Possibilities: What To Watch For


If Cardano continues its upward trajectory and successfully breaks above the $0.68 resistance level, it could open the door to more gains. The next key levels to watch are at $0.81 and $0.90, where the price may encounter additional selling pressure. A break above these levels would push ADA toward even higher targets, such as $1.17 and $1.58. Related Reading Cardano (ADA) Rockets Over 60%, Crushing Bears in a Stunning Rally! 1 month ago


However, if ADA fails to break through the $0.68 level and retreats, the first supportto monitor would be around $0.56 to $0.52, which has historically acted as a strong floor. A drop below these levels could signal a shift in market sentiment and lead to a deeper pullback.  ADA trading at $0.63 on the 1D chart | Source: ADAUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com

News Feed

Philippines SEC accuses eToro of offering unregistered securities
Martin Young4 hours agoPhilippines SEC accuses eToro of offering unregistered securitiesFollowing a blockade of Binance in the country, the Philippines’ securities regulator is now targeting the online trading platform
IRS reveals final regulations for crypto broker rules
Vince Quill39 minutes agoIRS reveals final regulations for crypto broker rulesThe Internal Revenue Service did not include decentralized exchanges or self-custodial wallets under its broker reporting requirements.175 Tot
Gareth Jenkinson1 hour agoVitalik wallet sends 400 ETH worth $600K to CoinbaseA wallet associated with Ethereum co-founder Vitalik Buterin was flagged sending 400 ETH, worth around $600,000, to Coinbase.794 Total views4
Solana Sees Renewed Demand As Capital Flows Turn Positive – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ezra Reguerra10 hours agoVitalik Buterin shares account abstraction challenges in Ethereum: EthCCVitalik Buterin explained how an account abstraction extension called “paymasters” can allow users to pay for gas fees
Bold Call: Bitcoin Could Soar To $210K This Year, Says Research Chief
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ghana’s crypto stamps honor king’s Silver Jubilee
Arijit Sarkar13 hours agoGhana’s crypto stamps honor king’s Silver JubileeGhana Post launched a crypto stamp collection to showcase its king’s 25-year-long journey of persevering in traditional values and adopting
XRP Sky-High Target: Analyst Predicts $385 – Here’s The Case
Este artículo también está disponible en español. Crypto aficionados are taking notice of a prognosis that raises eyebrows. According to market expert Random Crypto Pal,
London-Based Cryptocurrency Exchange LBX Faces Compulsory Liquidation
London-Based Cryptocurrency Exchange LBX Faces Compulsory Liquidation London-based cryptocurrency exchange LBX is the latest digital asset trading venue to face critical difficul
The Sandbox Scores $93 Million Investment Led by Softbank as Metaverse Tokens Thrive
The Sandbox Scores $93 Million Investment Led by Softbank as Metaverse Tokens Thrive The Sandbox, a blockchain-based metaverse game, has scored an investment of $93 million to keep
Solana Faces Defining Level At $120 – Will History Repeat?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Minerset․com Announces New 200-Megawatt Crypto-Mining Facility
Minerset․com Announces New 200-Megawatt Crypto-Mining Facility press release PRESS RELEASE.Known as a leader in cryptocurrency-mining hardware sales and logistics, Minerset has ge