ADA, the native token of the Cardano blockchain, has reached a critical level after a recent drop, showing potential for upward momentum. The cryptocurrency market remains stable as of March 22, 2025.
ADA Current Price Momentum
ADA has seen a 1.2% price drop in the past 24 hours, trading near $0.70. During the same period, trading volume decreased by 25%, indicating reduced interest from traders and investors.
Cardano (ADA) Technical Analysis and Upcoming Levels
According to CoinPedia's analysis, ADA shows bullish potential on lower time frames, positioned on the lower ascending trendline of a symmetrical triangle on the four-hour chart. If it holds above $0.70, a rise to $0.74 is possible. Failure to hold might result in a drop to $0.64.
Major Liquidation Levels
Major liquidation levels are near $0.691 and $0.723. If the price drops to $0.691, about $14.15 million in long positions could be liquidated, while a rise to $0.723 could liquidate $9.51 million in short positions, highlighting a potential upward price shift.
The current support and resistance levels of ADA emphasize its growth potential while highlighting possible risks for investor positions.
