Cardano (ADA) Price Prediction: Where Is Resistance And Support?

While sellers maintain the upper hand, on-chain data suggests growing accumulation at lower levels. A decisive move from here could set the stage for either a swift

While sellers still have a slight upper hand, on-chain data from Santiment suggests that greater accumulation is unfolding at lower levels for Cardano. A decisive move from here could set the stage for either a swift rebound or a deeper correction, making the upcoming sessions crucial for ADA's next trend.

Cardano (ADA) was trading at $0.69 at the time of reporting.

Cardano Price Forcast: Where Is Resistance And Support?

Cardano is trapped in a range-bound environment. Source: TradingView

Cardano’s price action has been exhibiting signs of a trap at a critical juncture. As the bulls and bears continue their battle, momentum has stalled, keeping ADA confined between key levels.

Those who prefer to trade with the breakout may want to pay close attention to the crucial resistance zone at $0.78. This level, which forms the upper boundary of the current range, will be pivotal in determining the next move. A breakout above $0.78 would signal strength, paving the way for a continuation toward the next major resistance band located between $0.92 and $0.94.

If the bulls can maintain momentum and propel price action above this region, it could signal a more significant bullish shift in momentum. Conversely, failure to penetrate resistance could lead to a return to the current pattern of range-bound trading.

On the other hand, those who prefer to identify support levels may find interest in the immediate support zone between $0.65 and $0.66. This key level has been instrumental in stemming recent selling pressure.

However, should sellers manage to exert more strength and push the price below $0.64, the decline could accelerate, exposing the next layer of support around $0.58. A breakdown from $0.64 would likely open the door for a deeper pullback, with the next significant support emerging in the lower $0.50s. This lower region will be crucial in determining whether buyers can regain control or if further downside is more likely.

Cardano’s On-Chain Activity Surges - What It Means For ADA’s Price

Cardano’s surging on-chain activity could be the spark that ignites a major price rally ahead. As transaction volume holds steady and the number of transactions climbs, it signals growing adoption and increased network utility.

This activity is a key driver of long-term price appreciation. Historically, we've seen that a surge in network activity, typically measured by transaction count, often precedes bullish price action. As more users and developers integrate into the Cardano ecosystem, it could be the catalyst needed to propel $ADA towards $1.00.