Amid Market Uncertainty, Cardano (ADA) Consolidates Near a Make-or-Break

Amid market uncertainty, Cardano (ADA) has been consolidating in a tight range over the past few days near a crucial level

Amid market uncertainty, Cardano (ADA) has been consolidating in a tight range over the past few days near a crucial level, setting up a make-or-break scenario for the ninth-largest cryptocurrency.

For the past 11 days, ADA has been fluctuating between $0.70 and $0.74, testing the lower boundary of this range. This consolidation follows a significant rally from $0.50 to $0.70, which occurred after the asset hit its 2025 lows of $0.34 in February.

However, recent data from on-chain analytics firm Santiment suggests that traders and investors might be participating less in ADA with the persistent bearish market sentiment and an unclear pattern. According to the firm’s analysis, ADA’s trading volume has dropped to its lowest point since the beginning of 2025.

"Cardano's volume has dropped to its lowest point since early 2025 as the market tries to decide what the crypto is going to do next. In the past 24 hours, volume fell another 15%," Santiment stated in a recent market update.

On the other hand, 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 seen a small price increase of over 0.50% in the past 24 hours.

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 it could breach the consolidation and surge by 15% to reach the $0.85 mark.

As of now, the asset holds the potential to rise by 3%, which could easily lead it to the $0.736 level. This prediction is being made on a lower time frame. But on a higher time frame, ADA’s daily chart suggests that a major rally will only begin once the asset closes a daily candle above the $0.85 level.