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- 1 Cardano Price- ADA On-Chain Metrics Turn Bullish — What’s Next?
- 2 Is ADA Preparing for a Reversal?
Cardano Price- ADA On-Chain Metrics Turn Bullish — What’s Next?
Cardano Price– After weeks of relative calm, Cardano (ADA) is beginning to show early signs of bullish momentum. The price has hovered around the $0.60 level, a key short-term pivot point. However, a combination of strengthening technical indicators, a notable spike in trading volume, and growing on-chain activity suggests that a potential trend shift could be in motion.
ADA Technical Outlook Points to Potential Trend Shift
ADA’s price structure is starting to look more constructive on the charts. Analyst CRYART recently highlighted a possible double-bottom pattern forming around the $0.58 zone, with a neckline resistance just above $0.64.
Key Levels and Chart Structure
If buyers can push Cardano (ADA) beyond the $0.64 mark with volume confirmation, price targets in the $0.68–$0.70 range may come into play. The formation of higher lows and the low-volatility environment support this evolving structure. Although a confirmed breakout has yet to occur, the chart setup is one to watch closely for a potential shift in momentum.
Trading Volume Surge Sparks Bullish Interest
A sharp increase in Cardano’s trading activity may be an early signal of renewed market interest. According to Cardanians, ADA’s 24-hour trading volume spiked 69% to reach $738 million.
Volume Confirms Strengthening Structure
“Such a volume surge, when paired with constructive technical patterns, can often mark the start of a new momentum phase.” — Cardanians
The volume uptick aligns with the development of higher lows, giving additional weight to the bullish case. If volume continues to rise as ADA approaches resistance, the likelihood of a breakout increases.
On-Chain Metrics Reflect Growing Network Strength
Beyond price and volume, Cardano (ADA)’s on-chain growth tells its own story. Data shared by TapTools via Santiment reveals that ADA now has over 4.49 million holders—surpassing even USDC by more than 1 million.
Widespread Holding Shows Long-Term Confidence
“Cardano (ADA) is now one of the most widely held assets in all of crypto.” — TapTools
This level of network participation reflects growing long-term conviction among holders, reinforcing the idea that ADA is not just a speculative play but a project with an engaged and expanding user base.
ADA Trading in Tight Range Near Breakout Point
Cardano (ADA) is consolidating within a narrowing range, bordered by horizontal support and a descending trendline. Analyst polaris_xbt notes that ADA is approaching a confluence zone that may soon determine its short-term direction.
Liquidity Grab or Breakout?
Equal lows around the $0.57–$0.58 zone could be swept before Cardano (ADA) makes a significant move. A confirmed breakout above the $0.64–$0.66 area may open the door to the $0.75–$0.82 range. Until then, ADA continues to base inside a symmetrical triangle—typically a precursor to larger moves.
Fresh data from Joao Wedson highlights a shift in ADA’s Buy/Sell Pressure Delta, which is moving from the sell zone into buy territory.
This metric is particularly notable as it also shows ADA gaining strength against Bitcoin, signaling a potential rotation of capital toward Cardano (ADA). Coupled with volume growth, improved structure, and a rising holder base, this metric adds further evidence of a bullish transition.
Is ADA Preparing for a Reversal?
While it’s still early to confirm a full trend reversal, the combination of higher lows, increasing buy pressure, volume growth, and robust on-chain activity makes ADA one of the coins to watch. A move above $0.64–$0.66 could mark the beginning of a more decisive upward trend. For now, ADA appears to be building a solid foundation that could support a bullish breakout in the sessions ahead.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
