Cardano (ADA) Has Been Consolidating in a Tight Range

Amid market uncertainty, Cardano (ADA) has been consolidating in a tight range over the past few days near a crucial level, creating a make-or-break situation.

Amid market uncertainty, Cardano (ADA) has been consolidating in a tight range over the past few days near a crucial level, setting the stage for a make-or-break scenario. For the past 11 days, ADA has been fluctuating between $0.70 and $0.74, now testing the lower boundary of this consolidation.

However, besides this consolidation, ADA’s current price is also supported by an ascending trendline that has been intact since the beginning of March 2025. The asset is currently trading at $0.71 and has registered a modest price surge of over 0.50% in the past 24 hours.

Cardano (ADA) Technical Analysis and Key Levels

According to expert technical analysis, ADA is already forming a symmetrical triangle pattern alongside its ongoing consolidation. If the asset breaks out of this pattern and manages to close a four-hour candle above the $0.74 level, there is a strong possibility that it could breach the consolidation and surge by 15% to reach the $0.85 mark.

At present, the asset has the potential to rise by 3%, which could enable it to touch the $0.736 level easily. This prediction is based on a lower time frame. However, on a higher time frame, ADA’s daily chart suggests that a major rally will begin only when the asset closes a daily candle above the $0.85 level.

With the prevailing bearish market sentiment and an unclear pattern, traders and investors appear to be taking less interest, leading to a significant drop in trading volume, as reported by the on-chain analytics firm Santiment.

The data reveals that the asset’s trading volume is at its lowest since the beginning of 2025. Furthermore, within the past 24 hours, the volume has dropped further by 15%.