Cardano has been stuck in a sideways pattern for the last three months. The price keeps bouncing between the same support and resistance levels without picking a clear direction.
The support area between $0.60 and $0.65 has been holding strong, stopping the price from falling further. Just two days ago, ADA hit this support again, which sparked some buying interest and pushed the price up by 7%.
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What to Expect in March: Is Cardano Spike to $1 Coming?
The 200-day moving average sits around $0.6911, just below the current price. This could be a good sign for bulls as long as ADA stays above this level. However, the 50-day moving average is currently acting as a ceiling, making it harder for the price to climb higher in the short term.
If Bitcoin starts to recover and the market mood improves, ADA could push back toward the top of its range, possibly reaching around $1.1. But if Bitcoin keeps struggling and the broader market remains weak, Cardano might either continue moving sideways or break below its current support.
Whether Cardano can reach the $1 mark in March mostly depends on what happens in the wider crypto market. If Bitcoin gains momentum and altcoins start to rally, ADA has a decent shot at testing this important price level. The recent 7% jump after touching support shows there are still buyers interested at current prices.
For ADA to move toward $1, it first needs to break above the 50-day moving average and then push through several resistance zones. Keep an eye on trading volume; if it increases during price rises, that’s a good sign that real buying pressure is building, not just temporary price movement.
Key ADA Price Levels to Watch
If the current support breaks down, the next likely targets would be $0.56 and possibly $0.49 if things get worse. These areas have attracted buyers in the past.
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On the upside, if ADA breaks out of its recent range, it could target $1.1, which would be about a 65% gain from current levels. The 200-day moving average remains important to watch – as long as prices stay above this line, the long-term outlook generally remains positive.
In the end, Cardano’s next big move will largely depend on how Bitcoin performs and what happens in the broader crypto market in the coming weeks.
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