Cardano (ADA) is starting to attract more attention after posting a 5% gain today, with its price reaching $0.7715. Trading volume has also increased by more than 22%, signaling renewed market interest. After months of moving inside a tight descending channel, ADA price now sits just below its 200-day moving average, a key level traders are closely watching.
So, is it too late to buy Cardano, or is the current price action a sign of something bigger on the horizon?
What you'll learn 👉
What the Chart and Indicators Are Saying
The daily chart shows ADA trading inside a downward-sloping channel that started back in November 2024. The upper boundary has repeatedly acted as resistance, currently stretching from $1.25 down to around $0.95. The lower channel support has held strong in the $0.45–$0.48 region.
Cardano (ADA) price rallied above $0.70 in early May, reaching as high as $0.85 before being rejected at the 200-day simple moving average, which now sits at $0.8219. Since then, price has pulled back slightly and is consolidating around $0.75–$0.77. While this could be a pause before a larger move, the inability to break and hold above the 200-day SMA shows that bulls still face resistance.
Support remains firm at $0.70–$0.72, with additional zones near $0.65 and $0.48. On the upside, a breakout above $0.82 could send ADA to $0.90 or higher.
Looking at daily technical indicators:
MACD is at +0.016 and flashing a buy signal, showing weak bullish momentum.
CCI sits at -15.70, which is neutral, suggesting ADA is not overbought or oversold.
Ultimate Oscillator is at 51.83 and also showing a buy signal, hinting at building upward momentum.
ROC is at -5.49, a sell signal that reflects the pullback from earlier highs.
Bull/Bear Power is slightly positive at +0.01, which leans bullish, though not strongly.
| Indicator | Value | Interpretation |
| MACD (12,26) | +0.016 | Bullish crossover, mild upward momentum |
| CCI (14) | -15.70 | Neutral zone |
| Ultimate Oscillator | 51.83 | Slight bullish momentum |
| Rate of Change (ROC) | -5.49 | Bearish recent momentum |
| Bull/Bear Power (13) | +0.01 | Light bullish pressure |
Cardano (ADA) Price Forecast
If ADA can push above $0.82 with strong volume, a move toward $0.90 or even $1.00 becomes possible. That would mark the first breakout from the descending channel in six months and could shift momentum in favor of bulls.
If ADA price fails to hold current support around $0.70–$0.72, the next zone to watch is $0.65. Below that, the lower trendline near $0.48 could act as a long-term support.
So, is it too late to buy ADA?
Not quite. The sharp moves from late 2024 are behind us for now, but the current setup shows ADA in a consolidation phase just below key resistance. For long-term holders, this could be seen as an accumulation zone. For short-term traders, a clear breakout or breakdown may offer a better entry. It’s not a breakout yet, but it’s also not game over.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
