Cardano (ADA) Price Prediction for March 12

The post Cardano (ADA) Price Prediction For March 12 appeared first on Coinpedia Fintech News

ADA, the native token of the Cardano blockchain, appears to be facing a small correction after a bullish breakout on March 11, 2025. Despite the ongoing price correction on the four-hour timeframe, ADA seems to be forming a bullish inverted head and shoulders pattern on the same timeframe.

Cardano (ADA) Technical Analysis and Upcoming Level 

According to expert technical analysis, ADA appears bullish on both the four-hour and daily timeframes. It has recently taken crucial support from a key level of $0.65, and the price has now begun to recover. On smaller timeframes, it seems to be forming a bullish price action pattern, indicating a potential upside rally soon.

Based on recent price action and historical patterns, if the asset breaches the bullish pattern and closes a four-hour candle above the $0.75 level, there is a strong possibility it could soar by 9% to reach $0.80 in the coming days. Additionally, this could further open the gate for a 40% upside rally, potentially pushing the price to $1.13 in the near future.