- ADA Battles $0.70 Resistance, Eyes $0.76 Breakout
- Whales Sell 200M ADA, Driving 20% Price Drop
- Analysts Predict ADA Could Hit $5 with Growth
Cardano (ADA) is trading near a crucial resistance level, with analysts watching for a potential breakout. The cryptocurrency is at the neckline of an inverse head and shoulders pattern, which could indicate an upward trend. If ADA surpasses its current resistance, it may reach $0.76 or higher in the short term.
Resistance Levels and Technical Indicators
ADA has struggled to stay above $0.70, despite attempts to regain momentum. The price briefly reached $0.7090 before falling back below the 100-hour simple moving average.Two main resistance levels lie at $0.70 while the second one is positioned at $0.7420. The price could extend its gains up to $0.76 after breaking above these resistance levels.
On the downside, support remains at $0.63, with additional levels between $0.60 and $0.61. If ADA drops below these points, the market may see increased selling pressure. The Relative Strengt h Index (RSI) is currently near 46, showing neutral momentum. Price movement might experience a shift because the Moving Average Convergence Divergence (MACD) shows a weakening bearish trend.
Market Activity and Long-Term Potential
Recent market activity has been influenced by large holders selling ADA. Analyst Ali Martinez reported that whale addresses sold approximately 200 million ADA in March, valued at $136.7 million.The massive selling activities by whale addresses decreased ADA’s value by 20% during the first quarter of 2025. Large holder movements play an essential role in shaping price trends for the short-term market.
Despite short-term price struggles, some analysts remain optimistic about ADAās long-term performance.The cryptocurrency expert Alex Becker believes ADA tokens will elevate to a value of $5 because of expanding user base and protocol growth initiatives. Some forecasts suggest that if ADA continues to follow its historical trend, it could reach $50.48 by the end of 2025. However, sustained demand and positive market sentiment would be necessary for such an increase.
For now, traders are closely monitoring whether ADA can break past $0.70.A successful move above resistance level would validate an upward trend but refusal to break the resistance could trigger both price stagnation along with market downturns.
