The price of Cardano (ADA) has risen by about 15% in the past twenty-four hours, indicating an upward trend.
The daily trading volume of ADA has increased by over 90%, indicating a return of buyers to the market.
Cardano (ADA) has achieved a significant increase, breaking through key resistance levels and recording its highest price in five months. According to CMC data, the altcoin is trading around $0.9973, marking a major breakout after a long period of consolidation that characterized its price movement throughout most of 2025.
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The technical formation has shown an appealing upward trend. ADA has now exited a parallel descending channel that lasted more than 250 days, indicating a potential shift in market sentiment. The price movement signals a clear breakout above the important exponential moving averages, with the 50-day EMA at $0.7578 providing very strong support against the long-term 200-day EMA at $0.7176. This golden cross pattern is typically a sign of an extended upward trend.
The RSI value of 74 indicates significant buying pressure, but it is approaching the overbought territory. Although this level typically signals the possibility of consolidation, the current momentum appears strong enough to continue rising.
The MACD indicator has seen a bullish crossover, and the chart shows positive momentum supporting the upward trend. This technical correlation suggests that the new breakout is supported by genuine buying interest, not speculative peaks.
What’s next for the price of Cardano?
Source: Tradingview
The social sentiment indicator shows that sentiment is mostly positive, with green bars dominating recently. This relationship between price movement and social sentiment typically provides additional confirmation of trend sustainability. The breakout above the previous resistance level of $0.9000 demonstrates the strength of the current rise.
Breaking through a consolidation pattern that lasted 250 days is a remarkable technical achievement. The technical picture for Cardano remains positive, as the moving averages support the trend, and momentum indicators confirm this direction. The next major test will be the bulls' ability to hold above current levels and rise to the desired level of $1.00, which could represent the beginning of a more significant recovery period.
In the future, ADA appears well-positioned to challenge the psychological level at $1.00. Technical indicators, a breakout from long-term resistance, and positive momentum create a favorable environment for further upward movement. However, traders are advised to monitor the Relative Strength Index (RSI) for any divergence and to watch for price rejection at the resistance level of $1.00.