Price Analysis

Cardano Price Analysis: ADA Price Accumulates Near $0.75; Is 33% Upside On Horizon?

Published by
Cardano Price Analysis: ADA Price Accumulates Near $0.75; Is 33% Upside On Horizon?

ADA price remains range-bound with no meaningful action on Weekends. The coin tested near $0.75 multiple times since the beginning of the week. In between, the buyers lookup for some gains on Wednesday, but wiped all the very next day as $0.90 remains a challenge.

  • ADA price stabilizes near vital support areas with a hint towards accumulation.
  • The price is expected to glide inside the short-term range of $0.75 and $1.0.
  • A double-bottom structure would lend support to the coin on a higher probability.
Advertisement

ADA price challenges support zone

Source: Trading view

On the daily chart, the ADA price remains pressured below the descending trend line from the highs of $1.24 made on April 4. Since then, the price depreciated nearly 40% to the swing lows of $0.75. The falling volume profile with the slide in price relative to the spike near the support level suggests the sellers could not see more downside from here on at least a bounce is what they looking for. In addition to that, the asset is running under the classic falling wedge pattern, which might lead to upside momentum.

A fresh buying momentum would unleash the 50-day ema (Exponential Moving Average) at $0.93 followed by the psychological $1.0 level.

The relative strength index (RSI) stays above the average line even though the price experienced a decline since May 3. Any upside momentum would advocates for a higher price. Currently, it reads at $40.

The volume oscillator is trading at a 24.92 level, which instructs that the short-term volume trend is higher than the long-term volume trend.

On invalidation of the bullish hypothesis, the price would slice the mentioned support zone with above-average volume. In that case, a new record low would be set for ADA.

As of press time, ADA/USD trades at $0.77, down 0.70% for the day. The eighth-largest cryptocurrency by the market cap holds the 24-hour trading volume at $1,169,551,055, according to Coinmarketcap.

 

Advertisement

Share
Rekha chauhan

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Can $TAPZI Reach $1 In Q1 2026?

Gamefi project TAPZI is raising funds to build an innovative decentralized gaming platform on the…

October 10, 2025
  • Price Analysis

Here’s Why XRP Price May Have a Zcash-Like Surge

XRP price has continued to underperform the crypto market this month. It has sunk into…

October 10, 2025
  • Price Analysis

$TAPZI Price Prediction: What’s Ahead of the $TAPZI token Presale?

GameFi project TAPZI commenced the presale event for its native token on July 22, 2025.…

October 10, 2025
  • Price Analysis

Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption

The Cardano price has drawn renewed attention as recent technical patterns and network updates converge…

October 10, 2025
  • Price Analysis

Dogecoin Price Prediction as $23M Leaves Exchanges—Is the Parabolic Phase Beginning?

Dogecoin price has entered a critical phase as on-chain data and analyst projections align toward…

October 9, 2025
  • Price Analysis

Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks

Pi Network price continues to crash this month and is now trading at a record…

October 9, 2025