Price Analysis

Cardano Price Analysis: Can Rising TVL Trigger ADA’s Next Breakout?

Cardano Price Analysis projects a 44% surge to $0.457 amid market recovery but faces resistance from a stable downtrend channel.
Published by
Cardano Price Analysis: Can Rising TVL Trigger ADA’s Next Breakout?

Highlights

  • The Cardano price breakout from the channel pattern could signal an initiation change market trend.
  • The $0.42 stands as immediate support buyers must defend to prevent further correction.
  • The intraday trading in the ADA coin is $619.5 Million, indicating a 164% gain.

ADA, the native cryptocurrency of the Cardano ecosystem has underperformed in the recent market recovery. The Bitcoin price surged from $55000 to $68000 in the last two weeks has bolstered several major altcoins’ recovery of their loss from the June correction. However, the Cardano price analysis hints a key resistance is still intact before buyers regain control over this asset.

Advertisement

Cardano Price Analysis: Potential Breakout Looms as TVL Rises Amid Sideways Trading

Cardano Price Analysis| Tradingview

Amid the recent market recovery, the prevailing downtrend in Cardano price formed a lower low of $0.316 on July 5th. This bullish turnaround uplifted the asset by 44% to reach a $0.457 high but failed to surpass a downsloping trendline of the daily chart.

The dynamic resistance is part of a channel pattern formation that has carried a stable downtrend in ADA for the past three months. The two parallel trendlines still majorly influence the current price movement in the Cardano coin.

While the majority of major cryptocurrencies showcased a prolonged recovery since last week, the ADA price shifted sideways struggling to break channel resistance. This consolidation indicates pivot moment for this altcoin as a breakout or breakdown will signal the dominant force for the near term.

The Cardano price currently trades at $0.43, while the market cap holds at $15.4 Billion. 

Despite the flat price movement, the Total Value Locked (TVL) in Cardano has seen a significant increase, rising from $172.78 million to $238.5 million—a 38% increase. This increase typically reflects an expanding adoption of decentralized applications (dApps) and the commitment of more capital to these protocols, indicating that users are increasingly willing to lock their assets in smart contracts.

ADA Futures Open Interest| Coinglass

Thus, the ADA buyers hold an opportunity to flip the overhead trendline into potential support for a higher rally, The post-breakout rally could push the asset to $0.52, followed by $0.56.

However, if the downsloping trendline persists the Cardano price analysis hints at another reversal within the channel pattern.

Technical Indicator:

  • RSI: The daily Relative Strength Index Slope at 54% projects a neutral to bullish sentiment among market participants.
  • BB Indicator: The uptick in the upper boundary of the Bollinger Band indicator suggests the buyers are active towards this asset.
Advertisement

Related Articles

Frequently Asked Questions

What is Total Value Locked (TVL)?

Total Value Locked (TVL) refers to the total amount of assets that are currently staked, locked, or deposited in a blockchain network's protocols, often used as a measure of the overall health and growth of DeFi (decentralized finance) ecosystems

What is the Relative Strength Index (RSI)?

The Relative Strength Index (RSI) is a momentum oscillator used in technical analysis that measures the speed and change of price movements on a scale of 0 to 100.

What is a channel pattern in technical analysis?

A channel pattern in technical analysis is formed by drawing two parallel trendlines that frame the price movements of an asset. This pattern can be ascending, descending, or horizontal, indicating the direction of the market trend.
Share
Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

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

XRP Price Outlook as ETF Nears Possible November 13 Launch

The XRP price continues to attract significant attention as excitement builds ahead of the long-awaited…

October 31, 2025
  • Price Analysis

Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds

Cardano price crash continued today, Oct. 30, after the Federal Reserve delivered a hawkish cut.…

October 30, 2025
  • Price Analysis

Bitcoin Price Forecast as Trump Cuts Tariffs After US-China Trade Deal

Bitcoin price dropped sharply, sliding 4% in the past 24 hours to $108,398. The decline…

October 30, 2025
  • Price Analysis

Analyst Foresees a Parabolic Rally for Pepe Coin Price as Whale Accumulation Intensifies

The Pepe Coin price has drawn renewed attention as analysts and whales hint at growing…

October 30, 2025
  • Price Analysis

Fidelity Amends S-1 for Solana ETF: Is SOL Price Set to Rally?

Solana price remains resilient above the $190 mark, showing signs of bullish momentum despite recent…

October 30, 2025
  • Price Analysis

Pi Coin Price Targets $0.65 as ISO 20022 Membership Boosts Institutional Confidence

Pi coin price has rebounded strongly, breaking its multi-month descending structure and targeting the $0.65…

October 30, 2025