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- ADA trades in a tight range between $0.757 and $0.815, with resistance at $1.20.
- On-chain data shows $66M in outflows, suggesting accumulation by long-term holders.
- Bearish leverage positions outweigh longs, keeping short-term pressure on ADA.
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Cardano (ADA) is trapped in a narrow trading range, leaving investors divided on whether its next breakout will push higher or trigger further losses. While the broader crypto market has shown signs of recovery, ADA remains stuck below key resistance levels.
Cardano Stuck Between Key Levels
After losing support from an ascending trendline, Cardano has been moving sideways for the past five days. At press time, ADA traded at $0.799, up 4.12% in the last 24 hours, with trading volume surging 56% to $852 million. Despite this short-term boost, the altcoin continues to face resistance at $1.20, a level it has tested multiple times in 2025 but failed to break.
Analysts Eye Long-Term Targets
Some analysts remain bullish despite ADA’s consolidation. Crypto Patel highlighted similarities between ADA’s current structure and its 2021 rally from $0.09 to $2.94, setting long-term targets as high as $5.81 and $15.59. Another trader on X claimed ADA could hit $2 “very quickly,” though without technical evidence. These bold predictions have kept community sentiment alive even as short-term signals remain mixed.
Technical Indicators Hint at Reversal
Cardano’s daily chart shows ADA hovering near the lower boundary of the Bollinger Bands, suggesting oversold conditions that could support a rebound. The Relative Strength Index (RSI) currently sits at 43.6, reflecting neutral momentum. A decisive move above $0.8156 could open the door to recovery, while a break below $0.757 risks sharper downside pressure.
CoinGlass data revealed $66.8 million in ADA outflows from exchanges over the past week, signaling potential accumulation by long-term holders. However, leveraged traders lean bearish, with $43.5 million in short positions outweighing $22.2 million in longs. This imbalance suggests ADA could face hurdles reclaiming the $1.00 mark until sentiment shifts.
Cardano’s next move remains uncertain, caught between strong accumulation signals and heavy short positioning. If ADA breaks above resistance, momentum could quickly return, but until then, the altcoin is likely to remain rangebound as traders wait for clarity.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Cardano (ADA) Price Outlook: Will Bulls Break $0.83 or Bears Push to $0.79?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
