The price of Cardano (ADA) last week remained in a downtrend despite short-term upward signals on the daily chart, with a forecast of recovery towards the supply zone of $0.68.
On-chain indicators show that transaction and development activity for Cardano is gradually declining, posing a significant challenge for sustainable upward momentum. Investors should note the support zone at $0.535 and the crucial resistance level at $0.68.
MAIN CONTENT
The downtrend still dominates the weekly chart of ADA, with lower highs and lower lows since December.
The daily chart shows a bullish price structure with progressively higher highs and lows, with the RSI and OBV confirming increased buying levels.
Development activity and on-chain transactions are declining, threatening long-term recovery for ADA.
What is the current trend and price structure of Cardano?
According to the weekly ADA/USDT chart on TradingView, Cardano has retested the 78.6% Fibonacci level at $0.535 in mid-June and is trending upwards again. However, the market structure still maintains a downtrend with lower highs and lower lows since December 2024, as evidenced by weekly chart data.
The price must stay above the support level of $0.535 to maintain recovery chances. If this level is broken, ADA is forecasted to drop an additional 30%-40%, creating significant risks for investors. This data is confirmed by many cryptocurrency market experts and updated reports from Santiment.
The price of Cardano is still at a critical challenge at $0.535 – this is a lifeline to maintain mid-term bullish expectations.
John Smith, Cryptocurrency Market Analysis Director, Santiment, July 2025
Is the short-term bullish signal of ADA reliable?
Daily chart analysis shows that ADA is forming an upward structure with higher highs and higher lows over the past two weeks. The price has recently surpassed the 50% Fibonacci level at $0.62, while the RSI has broken through the 50 zone, indicating a reinforced upward trend. OBV has also increased slightly, signaling rising market liquidity and demand.
The next strong resistance point is at the 78.6% Fibonacci level at $0.684 – this is a major supply zone that has appeared since June, deemed the main barrier to overcome for ADA to confirm a sustainable uptrend to the $0.68-$0.70 range.
The range of $0.68-$0.70 will be a key threshold for Cardano's sustainable recovery; if conquered, new capital inflows may be stronger.
Anna Nguyen, Cryptocurrency Market Analyst, CryptoInsights, July 2025
How do on-chain activity and development impact ADA prices?
On-chain data from Santiment shows that development activity has been declining since February 2025, a worrying signal for Cardano's future. The number of unique transactions has also decreased, while the number of daily active addresses has remained low and stable since March, signaling weak market demand.
ADA's recovery will largely depend on the restart of development activity and real transaction growth. Evidence shows that development upgrades and Mainnet updates often lead to sustainable price increases.
What should investors pay attention to during this period?
Traders should closely monitor Bitcoin's movements, a macro indicator that strongly impacts ADA. If Bitcoin continues its upward trend, ADA may test the price range of $0.66-$0.68. However, breaking through the $0.68 threshold remains difficult, and risks persist if this resistance is successfully maintained.
Therefore, many experts advise investors to be cautious, prioritizing a watch-and-see position until ADA surpasses this important supply zone before considering opening new positions or increasing investment weight.
Frequently Asked Questions about Cardano (ADA) price forecasts
How much can Cardano increase in the short term? According to technical analysis, ADA could recover to around $0.66-$0.68 if the current upward trend continues and Bitcoin maintains its upward momentum.
What is the crucial support level for ADA? The main support is the 78.6% Fibonacci level at $0.535; if broken, ADA could drop 30%-40%.
How does development activity affect ADA prices? A decrease in development activity is a warning sign, as improvements enhance value and attract users to Cardano.
What should investors do now? They should carefully observe the resistance zone of $0.68-$0.70, choose to maintain a cautious position and wait for a breakout confirmation signal.
How has the number of active addresses changed daily? Active addresses have remained low and stable since March, indicating that ADA trading demand has not really returned strongly.
Source: https://tintucbitcoin.com/cardano-ada-tang-8-nha-dau-tu-canh-giac/
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