Key Insights:
- As per the latest Cardano news, ADA has found support at the $0.516 level, a zone that often triggers strong price reversals.
- Experts suggest a similar pattern is forming that previously led to a 240% price rally, pointing to a potential upside target of $2.60.
Amid the ongoing market uncertainty, the major Cardano news that appears beneficial for token holders includes the potential formation of a bullish pattern and growing interest from experts.
Despite a sharp 35% decline since May 2025, ADA, the native token of Cardano, has found support at a key level, hinting at a possible trend reversal.
Current Price Momentum
At press time, ADA was trading near $0.567 and had recorded a modest 1% price increase over the past 24 hours. During this period, participation from traders and investors has surged. Data from CoinMarketCap shows that ADA’s trading volume in the past 24 hours has soared by 90% compared to the previous day.
This substantial surge in trading volume, along with the modest price increase, suggests strong upside momentum and indicates that participants are pushing ADA’s price to a higher level.
The potential reason behind this surge in participation might be the latest Cardano news, which points to a bullish price action.
Cardano (ADA) Price Action and Key Technical Levels
According to expert technical analysis, ADA, after experiencing a 35% price drop in recent days, has reached a key support level at $0.516. Following this, the asset has begun to show signs of a price reversal and appears to be repeating historical patterns.
As per the daily chart, this support level has a strong history of triggering reversals — whenever the asset has reached this level in the past, it has consistently witnessed upside momentum, which now seems to be happening again.
Cardano News: Will ADA Price Rally?
Based on the recent price action, if ADA manages to hold above the $0.516 level, there is a strong possibility that the asset could see a price surge of over 45%, potentially reaching the $0.83 level in the near future.
On the other hand, if this momentum fails and the price falls below the $0.516 level, a massive drop in the asset’s price could be witnessed.
At press time, ADA is trading below the 50-day Exponential Moving Average (EMA) on the daily time frame, which hints that the asset is in a bearish phase or facing continued downward pressure.
Whereas, the Relative Strength Index (RSI) stands at 38, indicating that ADA is approaching the oversold territory, which could suggest a potential for a short-term rebound if buying pressure increases.
Experts Share Bullish Predictions for ADA
Given the current market sentiment, experts and analysts have shown strong interest and confidence in the token. Additionally, many have made bold predictions, hinting at bullish potential for the ADA token.
In a post on X (formerly Twitter), an expert shared an ADA chart and noted that the token is approaching a critical trendline resistance. The last time a similar pattern was broken, ADA experienced a 240% upside move. A similar structure appears to be forming again, and a breakout this time could potentially propel ADA’s price to $2.60 in the future.
This bold prediction has gained widespread attention from crypto enthusiasts.
Not only this, another well-followed crypto expert shared a post on X while noting, Cardano (ADA), “fairly fresh off of a recent breakout, still looks to be on track to have a significant upside move in the works, consisting of an over 120% surge! We continue to target $2+…”
Meanwhile, professional crypto experts like Alex Becker and Lark Davis also appear to have an optimistic view of Cardano (ADA).
