Main notes
- ADA is trading near $ 0.65, after recently completed support.
- Analyst Jonathan Carter warns of another decline to $ 0.59 if it fails $ 0.65.
- A recovery of support can pave the way to transfer to a sign of $ 1.
Cardano
Lead
0.66 dollars
24 hours fluctuation:
1.0 %
The maximum market:
23.67 dollars b
Folder. 24h:
885.34 dollars
It is traded near the main support area of about $ 0.65, as it made a profit of 0.5 % over the past 24 hours. The cryptocurrency lost about 30 % of its value during the past month.
It is worth noting, since December 2024, Ada has been traded Within an expansion wedge, it is often known for volatile fluctuations. Jonathan Carter, a Crypto strategic expert, indicated that if ADA fails to stick to the current level, it may decrease by another 10 %, to test another major support level at $ 0.59.
Cardano failed to stay above the previous support at $ 0.65 and is now heading towards the main support zone at $ 0.59 on the daily chart
Despite the long correction, the price still has a chance to wear this support and rise about $ 1.00, otherwise we will decrease to … pic.twitter.com/klixsaek1n
Jonathan Carter (@johncycrypto) April 3, 2025
However, Carter also sees a way to recover: if buyers are defending the following support, he believes that ADA can recover towards a sign of $ 1. However, the collapse of this area is likely to push the price to the lower border of the pattern, which risk more negative aspect.
Ada Price Outlook
On the graph for 4 hours, Cardano appears to be in a standardization stage. Bollinger ranges, as the price is floating near the midfield at $ 0.6585. Resistance is located at $ 0.7002 (upper range), while immediate support lies at $ 0.6271 (lower range).
A crucial step beyond either of them would decide the short -term trend.
Source: TradingView
The relative strength index suggests that the declining difference that is formed, as the price tries to increase but increases the momentum, which raises the anxiety between the bulls.
At the same time, MACD shows the minimum momentum. The graph is flat near zero, with the signal line over the MACD line, hinting to weak downward pressure.
Source: TradingView
If ADA is more than $ 0.7002, with RSI above 55 and Macd Crossover, traders can see a collection of about $ 0.72 or higher.
Cardano to $ 5 soon?
Cardano has recently gained momentum, especially with regard to its potential attraction to institutions and even governmental use. Since early 2025, the community has been talking about Ada that is likely to be among the digital assets that the US Treasury may think of storage.
In addition, the famous investor Alex Becker recently stated that Cardano is the best choice for encryption, describing him as “a reasonable most decentralized series next to Ethereum”.
Just: Alex Baker says, “To a large extent, the easiest bet at the moment is now #Cardano. $ AdaIt will easily go to $ 3.00 to $ 5.00. It is fast like hell and a more decentralized chain next to Ethereum. Other decentralized chains do not have the momentum with Kardano. ” pic.twitter.com/tm9tmnuixg
Crypto Angry (Angrycryptoshow) April 2, 2025
Baker believes that ADA can easily rise to a range of $ 3 – 5 dollars where competitors lack the same traction.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
The post Cardano (ADA) to $1? Analyst Eyes This Support Level first appeared on Investorempires.com.
