On March 25, 2025, Cardano (ADA) experienced a significant breakout, moving out from a prolonged phase of consolidation between $0.69 and $0.75, hinting at further potential gains.
ADA Breakout and Technical Analysis
Cardano (ADA) shows bullish momentum, having breached resistance at the 200 Exponential Moving Average (EMA) on the daily frame. If ADA holds above the $0.76 level, it may rise by 13% to reach $0.85 in the coming days. If the bullish momentum continues, it could reach $1.15. Source: Trading View.
Current ADA Price Momentum
As of now, ADA is trading near $0.762, registering over a 4.20% price increase in the past 24 hours. Trading volume has also surged by 30%, indicating heightened activity from traders and investors following the recent breakout.
Key Liquidation Levels for Traders
Currently, the market sentiment is bullish, as reflected by traders betting strongly on long positions. As per Coinglass, traders are over-leveraged at $0.72, with $26 million worth of long positions. Conversely, at $0.768, another significant over-leveraged amount of $6.35 million exists in short positions, which are at risk if prices continue to rise.
The current market trend and analysis suggest that bulls are in control and may support ADA's price in the upcoming rally.
