- ADA consolidates near $0.70 with whale buying activity boosting momentum.
- The Cardano ETF approval in 2025 rise to 53% according to Polymarket odds.
- Break above $0.80 may trigger targets at $0.90 and $1.0.
Cardano (ADA) price hovers above $0.70 after a slight market rally. The token has posted a weekly gain of over 12%, reversing its earlier downtrend and sparking optimism for a continued move toward $1. Besides, trading volume surged by 20% in the past 24 hours, reaching $817 million. This increase suggests stronger buyer activity as ADA pushes through key resistance levels. Additionally, the overall crypto market cap now stands at $2.99 trillion, reflecting a slight 0.11% rise within the same period.
The current crypto market volume surged sharply by 31% to hit $86.64 billion over the last day. Cardano’s recent momentum appears aligned with broader market improvements, offering more stability after weeks of mixed sentiment. Significantly, new data from Polymarket shows that Cardano ETF approval odds in 2025 have climbed to 53%. This potential milestone could play a major role in ADA’s long-term positioning.
Whale Activity Drives Cardano Price Toward $1 Breakout
The crypto expert observed that Cardano’s price approached $0.99 because of rising market energy. Recent whale activities involving $20 million have become significant because of fundamental improvements from Hydra and the DeFi ecosystem development effort. IP analysts focus their observation on the upcoming ADA price resistance at $1.
The price of ADA could aim for a value range from $1.05 to $1.12 following its successful breakout of the $1 resistance mark during May. Market momentum towards the upper trendline of the tightening ascending triangle becomes more intense in the present pattern.
Market players show considerable anticipation of a price breakout because good market conditions are supported by increasing demand along with strong technical signals.
ADA Approaches Key Resistance in Downtrend Channel
The Cardano price charts indicate that ADA is about to face a crucial barrier zone near $0.74 according to crypto analyst Ali. The crypto market maintains its trading position within a descending parallel channel that started in January while continuously rejecting upward trends.
The middle zone of this structure serves ADA as a testing point at present and this corresponds to the $0.74 level. The current price position matches an essential control boundary through which many previous upward movements have failed to progress. Price movement shows increasing strength but a possible downward movement will occur if traders cannot break out above the $0.74 resistance level.
His current actions as ADA affect how the token will move forward in the ongoing structure during this period.
Will the Bullish Trend Continue?
The Cardano price hovered around $0.7118 during the early Asian session on April 29, showing minimal change. The hourly chart shows a strong consolidation above the $0.70 critical zone, suggesting a potential buildup before a decisive move. Buyers defended this range well, holding gains after a recent recovery from the $0.60 area.
The RSI stood at 54, showing modest strength above the midline. Meanwhile, the MACD printed a weak bullish crossover with the signal line slightly above zero. These signals hint at mild buying interest but have not been clearly broken down yet.
If bullish volume rises, the ADA price may attempt a breakout above $0.80. Above that level, the next targets stand at $0.90 and $1.0, respectively. The upside projection from current levels reflects a possible 40.82% increase, according to the measured move. However, if ADA slips below $0.70, downside support may appear near $0.6000. Price consolidation continues as the market awaits further direction.
