- ADA targets $0.80 if $0.63 breaks with strong volume
- Cardano gains 23% from lows, RSI shows momentum
- Tariff relief fuels bounce, $0.57 remains key support
Cardano (ADA) ended the previous week with a green weekly close, supported by a strong midweek bounce from $0.50 to $0.63. This move has encouraged short-term bullish sentiment as the price continues to consolidate above key support. With tariff-related news expected this week, market participants are monitoring ADA closely for a potential breakout toward $0.80.
Cardano Holds Key Levels After Bounce, Momentum Builds
According to analysis prepared by TradingView on April 14, 2025, ADA has maintained its recovery momentum after reaching an oversold level near $0.50. The 13% rally midweek came after U.S. President Trump paused certain tariffs, which lifted market sentiment.
The current trading range of $0.57–$0.63 reflects a 23% rebound from last Monday’s low.Momentum indicators have also shifted. The Relative Strength Index (RSI) on the daily chart has turned upward, while the MACD histogram shows increasing positive momentum.
Trading volume rose by 3.18% in the past 24 hours to over $718 million, according to CoinMarketCap. Rising volume with stable prices could indicate accumulation by traders or institutions ahead of further movement.
Technical Resistance and Tariff News Remain in Focus
Cardano is currently testing the $0.63 level, which aligns with the 0.5 Fibonacci retracement from the recent decline. According to an observation by Glassnode, the MVRV Long/Short Difference has dropped below neutral, suggesting that long-term holders are approaching loss territory.
However, this may support a bottoming process if short-term buying pressure increases.A confirmed breakout above $0.63, while holding $0.57 as support, may clear the path toward a retest of $0.75 and eventually $0.80.
Traders await updates on U.S. tariff policy this week. Should the news favor market stability, risk assets like Cardano could see extended gains. The price action suggests that the recent bounce may have marked a local bottom, setting the stage for a potential upside continuation.
