ADA Technical Analysis: 25 APR 2025
ADA is in an ascending channel formation. Source: TradingView
General View
Cardano has stood very strong over the last few sessions, after bulls regained lost momentum and are now driving prices higher within a well-defined ascending channel formation. Now with key supports intact, the structure favors a potential continuation higher, offering bulls a window to push towards the next resistance zones.
On The Upside
If ADA maintains its position above the $0.68–$0.70 support zone, the next targets lie near the $0.78 and $0.80 resistance levels. ADA’s short-term trendlines are going to create a challenging situation for the bulls around $0.80 to $0.805 levels. Meanwhile, the strength above would lead the upside much higher.
On The Downside
For the session, ADA enjoys a strong intra-day support at the $0.7150 level. Below this, the next wave of support is positioned at $0.6880 levels. Meanwhile, with the current prevailing strength, price seems unlikely to drop any further, however, if sellers extend the profit-taking, price can dip to the trendline supports.
Price reclaims an all-important key support level. Source: TradingView
