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Cardano (ADA) has demonstrated a solid recovery after hitting a recent low, with its price now at $0.62. Despite facing fluctuations, ADA has managed to show positive price action, indicating potential for further gains. Can this momentum carry ADA toward the key $0.90 mark as it continues to show signs of growth?
ADA Key Statistics
- Current Price: $0.62
- Market Cap: $22 billion
- Trading Volume (24h): $852 million
- Circulating Supply: 35 billion ADA
- Total Supply: 44 billion ADA
- CoinMarketCap Ranking: #10
Cardano has shown signs of recovery after dipping to $0.6065. Despite a decline of 18.29% and 5.58% from its 30-day and 7-day peaks, respectively, the cryptocurrency has managed to rebound. Notably, when measured from its recent lows, Cardano’s value has increased by 22.95%, indicating a potential shift towards upward momentum.
ADA/USD Market
Key Levels
- Resistance: $0.65, $0.76, $0.90
- Support: $0.53, $0.50, $0.45
Cardano (ADA) has staged a modest recovery to $0.6217, reclaiming ground after briefly dipping below the lower Keltner Channel band. The RSI reading of 44.01 suggests that bearish momentum is cooling, yet remains below the neutral 50 level. Should buyers sustain pressure, ADA could test immediate resistance at $0.6506. A successful breach may open the door to $0.7691, aligning with the upper band of the Keltner Channel, while a further bullish surge could target $0.90 as a psychological barrier. However, if momentum fades near $0.65, ADA might consolidate below resistance with caution taking hold.
On the flip side, if Cardano loses steam and retreats below its current footing, the first support lies around $0.5322, a level where recent rebounds emerged. A breakdown from this region could expose ADA to the next safety net at $0.50, a rounded threshold that may attract dip buyers. If market sentiment turns sharply negative, the final line of defense could rest at $0.45. Traders should keep a close eye on volume and RSI divergence, as both could whisper the next major move in this ever-evolving dance of price and emotion.
Cardano (ADA) Builds Toward $0.90 Milestone Amid Renewed Optimism
Cardano (ADA) is gradually capturing bullish attention again, with its price movement hinting at a possible climb toward the symbolic $0.90 mark. This level carries weight not just for its numerical roundness, but also for the psychological shift it represents—a return to confidence and potential ignition of further momentum. If optimism holds and volume continues to rise, ADA could experience a wave of renewed interest from traders eyeing a breakout narrative. The current structure reflects growing pressure from the bulls, who are beginning to shape a more encouraging trend as spring unfolds.
Will Cardano Hit $2 in 2025?
Beyond price patterns, Cardano’s fundamentals continue to shine as a source of resilience. With the expansion of its smart contract capabilities through the Plutus platform and a steadily growing developer community, the network is positioning itself as a strong competitor in the layer-one blockchain space. Partnerships in academic research, government collaborations, and continued work on scalability solutions such as Hydra reinforce its long-term vision. These developments, coupled with a loyal ecosystem and a clear focus on real-world applications, create a sturdy foundation that could support ADA’s journey toward higher valuations.
ADA/BTC Performance Insight
The ADABTC chart shows that Cardano has been under sustained bearish pressure, currently trading at 0.00000751 BTC and hugging the lower band of the Keltner Channel. RSI remains soft at 38.89, signaling weakness but also room for recovery. Despite the recent downtrend, ADA could start to stabilize or recover slightly if the broader market continues to gain momentum. With Bitcoin dominance cooling off and altcoin sentiment improving, ADA might soon find support around 0.00000706 and attempt a bounce, though a clear breakout above 0.00000788 would be needed to shift the short-term bias.
In light of these technical factors, Charles Hoskinson recently announced that Cardano’s on-chain constitution had been approved with 85% global consensus, a significant achievement for decentralized governance. He noted that such a milestone couldn’t be easily accomplished, implying that the process was complex and requiring broad support. This development highlights the growing strength of Cardano’s governance model, potentially boosting its credibility and long-term prospects within the blockchain ecosystem by fostering a more decentralized and community-driven approach.
Hoskinson 🗣:
Cardano's on-chain constitution has been approved with 85% global consensus — a milestone for decentralized governance. “You can't do that with… a whole sandwich.” #Cardano #Voltaire #Blockchain #ADA #Intersect pic.twitter.com/EiLebECxxB— Cardano 5PC (@cardano_5pc) April 11, 2025
Alternatives to ADA
Cardano’s fundamentals continue to shine as a source of resilience. With the expansion of its smart contract capabilities through the Plutus platform and a steadily growing developer community, the network is positioning itself as a strong competitor in the layer-one blockchain space. On the other hand, Best Wallet, a multi-chain platform supporting ADA and several other blockchains, provides a secure way to manage assets, execute transactions, and access its built-in DEX aggregator. With features like fiat conversion and integration with popular payment systems, it also enhances accessibility for users.
For those seeking a more affordable alternative to ADA, the $BEST token provides advantages such as reduced fees and governance rights within the Best Wallet ecosystem. Its high-yield staking program and ability to facilitate cross-chain transactions across multiple DEXs further enhance its appeal.
Best Wallet Utility Coin to Launch Soon
Having raised closed to $12 million in its presale, $BEST is emerging as a strong contender. It offers users access to a growing ecosystem, enabling flexible entry into the crypto space through its expanding token utility and diverse financial features.
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