ADA Price Reaches a Crucial Level and Is Poised to Break Out From the Symmetrical Triangle Pattern

After a recent price drop in the crypto landscape, ADA, the native token of the Cardano blockchain, has reached a crucial level and is poised for a decent upside momentum.

After a recent price drop in the crypto landscape, ADA, the native token of the Cardano blockchain, has reached a crucial level and is poised for a decent upside momentum.

As of today, March 22, 2025, the overall cryptocurrency market remains unchanged.

ADA Current Price Momentum

Amid this, ADA has registered a price drop of 1.2% in the past 24 hours and is currently being traded at around $0.70. However, during the same period, its trading volume dropped by 25%, which shows lower participation from traders and investors as the price continues to move.

Cardano (ADA) Technical Analysis and Upcoming Levels

According to CoinPedia’s technical analysis, ADA is bullish on a lower time frame as it is on the lower time frame of a symmetrical triangle pattern that is being formed on the 4-hour time frame.

If the asset manages to stay above the $0.70, then it could surge by 4% to reach $0.74 in the days to come. On the other hand, if ADA fails to sustain support at the ascending trendline and cuts through the pattern, then it could see an 8% price drop to $0.64 in the days to come.

Major Liquidation Levels

At press time, the major liquidation levels are nearly $0.691 on the lower side and $0.723 on the upper side, with traders being over-leveraged at these levels, as per the on-chain analytics firm, Coinglass.

If the market mood remains the same and the price drops to the $0.691 level, then nearly $14.15 million of long positions will be liquidated. But if the sentiment shifts and the price continues to move up, breaching the $0.723 mark, then approximately $9.51 million of short positions will be liquidated.

These on-chain metrics, along with technical analysis, suggest that bulls are currently in the lead as bets on the long side are noticeably higher than those on the short side. This may indicate that ADA’s price could see some upward momentum.