Cardano (ADA) Shows Strong Signs of Recovery, Bulls Target $0.70

Cardano (ADA) showed strong signs of recovery in the short term; Tuesday saw bullish momentum pushing ADA prices higher.

Cardano (ADA) showed signs of recovery in the short term as bullish momentum pushed the cryptocurrency's price higher on Tuesday. ADA was currently trading at $0.6710, up 3.19% in the past 24 hours.

The recent price increase followed a period of consolidation where ADA found support at lower levels before breaking higher again. Increased buying pressure and a notable surge in trading volume suggested potential continuation of this uptrend.

The recent price increase followed a period of consolidation where ADA found support at lower levels before breaking higher again. Increased buying pressure and a notable surge in trading volume suggested potential continuation of this uptrend.

However, key overhead resistance levels would need to be cleared to confirm further positive movement for April 2nd.

Cardano's Short-Term Trend and Market Sentiment

ADA had been trending upwards, supported by a recent rebound from the $0.622 level. The price point previously acted as a temporary market bottom. Current bullish sentiment was evident as buyers actively defended crucial nearby support zones.

ADA had been trending upwards, supported by a recent rebound from the $0.622 level. The price point previously acted as a temporary market bottom. Current bullish sentiment was evident as buyers actively defended crucial nearby support zones.

Trading volume for ADA increased sharply by over 50% in the past 24 hours. This suggested that market participants felt some confidence in sustaining the current rally attempt. But a firm breakout above immediate resistance was required to solidify that bullish strength definitively.

What Are Key ADA Support and Resistance Levels?

Price action indicated that the $0.6523 level had transitioned from former resistance into potential current support for ADA.

Price action indicated that the $0.6523 level had transitioned from former resistance into potential current support for ADA.

This level previously acted as a barrier to upward movement. The recent breakout above it turned it into a possible foundation for further gains. Below this, the $0.640–$0.645 range spanned a consolidation zone where ADA stabilized previously before attempting its latest move higher.

If significant bearish pressure returned unexpectedly, the $0.620 level served as a strong nearby support area. It marked the recent swing low that could provide a solid base in case of a market pullback.

On the resistance side, ADA currently tested the immediate price range between $0.673–$0675.

On the resistance side, ADA currently tested the immediate price range between $0.673–$0675.

A successful push above this zone could pave the way for the next target at $0.680 and beyond. If buying momentum continued, ADA may advance toward the $0.69–$0.70 region, a key psychological and technical barrier.

What Do Technical Indicators Signal for April 2nd?

The Relative Strength Index (RSI) stood at 42.99, reflecting neutral-to-slightly oversold conditions.

The Relative Strength Index (RSI) stood at 42.99, reflecting neutral-to-slightly oversold conditions.

If the RSI were to dip back below 40, further downside pressure could emerge. However, a decisive move above the 50 mark would help confirm renewed bullish strength, possibly signaling trend continuation for Cardano heading into April.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggested mild bearish momentum, with the MACD line at -0.024277 positioned slightly below the signal line at -0.020536.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggested mild bearish momentum, with the MACD line at -0.024277 positioned slightly below the signal line at -0.020536.

Although this indicated short-term weakness, a crossover could shift sentiment in favor of buyers.

If the MACD line achieved a clear bullish crossover above the signal line soon, particularly combined with increasing volume, it would reinforce the potential for the current recovery attempt to continue into April.