Cardano (ADA) Eyes Key Resistance at $0.763 – Will Bulls Break Through?

Cardano has climbed 1.3% in the past 24 hours, holding steady above the $0.70 level as bulls attempt to regain control

Cardano (ADA) price rose 1.3% in the past 24 hours, remaining above the $0.70 level as bulls tries to regain control following the downtrend that began on March 2.

Trading volume decreased by 26.6%, indicating decreased volatility, while sentiment improved slightly, with the Fear and Greed Index increasing from 15 to 19.

Although the market remains in extreme fear, this shift may signal that ADA has reached a temporary bottom, with buyers accumulating at lower prices.

Crypto trader Ali Martinez highlighted the importance of Cardano holding above $0.80, adding that a breakout above $1.20 could set the stage for a long-term rally toward $10.

“Cardano is testing a crucial resistance at $0.763. A breakout could trigger a 15% rally to the next resistance at $0.90.

Above $1.20, we could see a steeper move toward $10.”

Is A Bottom In Sight For ADA?

ADA price slid 12.6% since the beginning of the year, showing resilience compared to other major tokens.

Solana (SOL) and Ethereum (ETH) suffered deeper declines of 33.6% and 42.7%, respectively, showcasing ADA’s relative strength.

On March 2, Donald Trump revealed a list of cryptocurrencies being considered for the U.S. digital asset stockpile, with Cardano making a surprise appearance. However, Trump’s subsequent executive order limited the reserve to assets the U.S. government already possesses, canceling any immediate plans for further acquisitions.

ADA initially surged on the news but quickly pulled back, finding support at $0.640—the level it held before Trump’s announcement.

Now, ADA is retesting a critical resistance level at $0.763. A decisive breakout above this mark is needed to reverse its current downtrend and prevent another steep decline.

Cardano has also flashed a major bullish signal—it has formed a higher low on the daily chart. This pattern suggests growing buying pressure, and if ADA breaks above $0.763, it could confirm a trend reversal and signal the start of a broader recovery.

Momentum indicators remain mixed, suggesting market indecision. However, a breakout could trigger a 15% rally, based on the size of the price channel.