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Cryptocurrency News Articles

Why Cardano (ADA) May Outperform Bitcoin (BTC), Solana (SOL), and Ethereum (ETH) in the Next Market Recovery

Mar 20, 2025 at 05:05 am

ADA has traded within a relatively tight range between $0.60 and $0.80 in recent weeks. This price action mirrors Bitcoin's behavior, which has also faced resistance at the $85k mark.

Why Cardano (ADA) May Outperform Bitcoin (BTC), Solana (SOL), and Ethereum (ETH) in the Next Market Recovery

Cardano (ADA) has emerged as a strong contender in the cryptocurrency market, especially as Bitcoin (BTC) and major altcoins struggle.

As major cryptocurrencies face setbacks, ADA’s technicals and market performance suggest it may have the upper hand in a potential market-wide recovery.

While many high-cap cryptocurrencies are experiencing setbacks, Cardano is maintaining stability, making it a promising option for investors.

Strong Technicals Support Cardano’s Stability

ADA has traded within a relatively tight range between $0.60 and $0.80 in recent weeks.

This price action mirrors Bitcoin’s behavior, which has also faced resistance at the $85k mark.

While Bitcoin remains capped, Cardano has managed to hold firm in the market, a notable feat considering the challenges other top cryptocurrencies are facing.

ADA’s price has closely mirrored Bitcoin’s movements, showing a resilience that many of its competitors lack.

In contrast, Solana and Ethereum have both faced significant corrections, with Solana falling to yearly lows against Bitcoin and Ethereum breaking below the crucial $2,000 support for the first time in two years.

This relative strength positions Cardano in a favorable position, as it has maintained its footing while others have struggled.

Cardano vs. Solana and Ethereum: A Market Recovery Advantage

Despite the general market slump, Cardano has shown positive signs that it could outperform its rivals in a market rebound.

One of the key factors is its price stability, supported by on-chain data and retail capital demand.

Trading volumes for ADA have consistently remained between 600 million and 1 billion, signaling steady demand for the cryptocurrency.

Moreover, ADA has not experienced the same level of price exhaustion as Solana and Ethereum.

Following a massive surge of 72% in one day, triggered by the Trump-related Strategic Reserve manipulation, ADA’s price retraced, but its Relative Strength Index (RSI) never reached an extreme exhaustion level.

This suggests that the coin’s price is not yet overbought, leaving room for further upward movement.

The $0.65 support level for ADA has proven to be a key demand zone, with bulls quickly intervening whenever it’s retested.

This strong technical foundation gives Cardano an edge, especially when compared to Solana, which failed to defend its $120 support level and saw a significant drop to a seven-month low.

Ethereum, too, has struggled, experiencing a deeper correction that breached key support levels.

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Other articles published on Mar 20, 2025