- ADA Eyes Breakout as Price Targets $0.75 Zone
- MACD Nears Golden Cross, Bullish Signal Builds
- Tariff Pause Boosts ADA and Market Sentiment
$ADA is getting some nice momentum. Let’s break that $0.66 and then $0.75. After rebounding from recent lows, Cardano’s native token has gained investor attention. The current rally aligns with technical support zones and improving macro sentiment, suggesting growing buying strength in ADA markets.
Technical Indicators Point to Continued Uptrend
Cardano has climbed from $0.51 to over $0.62 in recent sessions, showing a nearly 20% recovery. The price is now testing resistance levels near $0.64, which if broken, could open the door to $0.66 and then $0.75.
This recent move followed a bounce from the lower boundary of a falling wedge, typically a bullish formation.Momentum indicators support the current trend. The Chaikin Money Flow (CMF) has turned positive, now at 0.05, indicating steady capital inflow.
In addition, the MACD is nearing a golden cross, where the MACD line crosses above the signal line. This formation often signals the beginning of bullish momentum in the short term.
Market Sentiment Improves After Tariff Pause
Cardano’s rally has also coincided with improving macroeconomic sentiment. President Donald Trump’s announcement of a 90-day pause on certain trade tariffs provided a boost across crypto markets. This was followed by a similar pause from the European Union, which further supported broader risk appetite.
Cardano now trades within a rising trendline, aligned with its 50-period exponential moving average on the two-week chart. A continuation of this structure could carry ADA toward the $1 level. Historical price movements from similar zones show potential for rallies exceeding 50% once resistance is cleared.
However, traders are watching the $0.66 level closely. A strong breakout could confirm a bullish reversal, while rejection may lead to temporary consolidation. With volume building and technicals improving, ADA appears positioned for a stronger move in the coming days.
