ADA sets sights on bullish breakout | Credit: Hameem Sarwar
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Key Takeaways
Cardano’s price has increased by 10% over the past 30 days, reversing the downtrend.
The 4-hour setup is bullish, with data showing an increase in traders’ exposure.
If the current trend continues, Cardano’s price will likely climb toward $0.37.
Cardano (ADA) bulls are regaining control. ADA climbed 10% over the past 30 days in a strong move that caught traders’ attention across the market.
At the same time, momentum indicators continue flashing bullish signals.
As resistance levels have begun to crack, market participants are now watching for a possible continuation rally.
ADA Bulls Extend Rally
ADA is regaining momentum after weeks of sideways trading. The asset has now climbed aggressively toward a critical resistance area around $0.27.
Notably, buyers stepped in after Cardano’s price repeatedly defended the $0.235 support zone throughout April.
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As a result, the market structure has turned bullish on the 4-hour timeframe. ADA recently broke above the local consolidation range near $0.25.
Since then, bullish candles have continued printing higher highs and higher lows. This signals growing buyer confidence.
Moreover, price is now trading above short-term equilibrium zones. That usually suggests momentum remains in favor of the bulls.
The Awesome Oscillator (AO) remains in positive territory. Green histogram bars continue to expand, indicating bullish momentum is accelerating rather than fading.
At the same time, the Relative Strength Index (RSI) sits around 67. The indicator is approaching overbought territory but has not yet fully crossed into exhaustion levels.
This matters because strong uptrends often keep RSI elevated for extended periods.
The immediate resistance sits near $0.27. A breakout above that zone could trigger another impulsive move higher.
If that happens, bulls may target the psychological $0.28 region first. Afterward, the next major upside area could emerge around $0.30.
Derivatives Activity Surges
On the derivatives chart, renewed activity has surfaced after ADA open interest (OI) climbed 5% over the past 24 hours, signaling that traders are returning to the market despite muted price action.
The latest data shows open interest rising toward $525 million while Cardano’s price traded near $0.27, suggesting a buildup in leveraged positioning.
Notably, the increase in open interest comes after a prolonged cooldown phase that followed the sharp deleveraging seen earlier in the cycle.
This suggests speculative appetite is gradually recovering.
However, the divergence between rising open interest and slow price movement also raises liquidation risks if momentum fails to strengthen.
ADA Price Forecast: Accumulation Phase Continues
ADA has stabilized above the $0.26 region after weeks of compressed price action, suggesting sellers may be losing momentum.
Although the broader trend remains bearish, ADA is beginning to print higher lows near the key $0.22 support zone, while buyers slowly reclaim short-term control.
The daily chart also shows price attempting to break above the descending trendline that has capped upside movement since late 2025.
As a result, momentum indicators are beginning to turn.
The Moving Average Convergence Divergence (MACD) has crossed into positive territory, while the Awesome Oscillator (AO) is printing fresh green bars, suggesting improving bullish pressure.
Still, the recovery remains fragile. Cardano’s price continues to trade below major Fibonacci resistance levels, especially near $0.37 and $0.47, where sellers previously regained control.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
