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Cardano (ADA) was on the radar of many investors and traders recently. After experimenting with some volatile price fluctuations, the cryptocurrency displays signs of monotheism.
In this article, we will analyze the Cardano price movement, the main levels, the whale activity, and the morale of the ADA market.
Current price work
At the time of this report, ADA is traded at $ 0.71. After reaching its highest level in early March, the price witnessed a sharp sale, as it decreased by more than 36 %. This recent decline caught the attention of both retail traders and big investors, waiting for potential entry points.
Letโs take a closer look at the current market structure to see if $ 0.71 can serve as strong support or request request. The price of Cardano shows a standardization stage, as a major support zone develops about $ 0.71.
Historically, this price level was important for ADA, as the price showed the ability to apostasy from this region in previous sessions. The price is currently trading in a descending triangle, indicating that there is a possibility to penetrate if ADA is suspended at this level.
Pisces and market morale
Santim The data indicates that the ADA Whale transactions increased by 480 % on March 2, 2025, after the price jumped by 72 % in a short period. However, since the price correction, the whale activity has decreased significantly.
At the time of the press, the number of whale transactions decreased to only 289, indicating that adult investors do not buy a decrease. This can indicate the waiting and vision approach of whales, because they believe that the price may not have been launched yet.
Alto Altcoins as Cardano sees high positive feelings on social media. With the help of the fact that SEC is classified $ AdaThe issue of using โsmart contracts for government servicesโ, and the Altcoin community has prompted the highest rate in more than 4 months. pic.twitter.com/viovgjynax
โ Santiment (Santimentfeed) March 19, 2025
Despite the decline in whale activity, the feeling of retail is still relatively strong. Santiment reports a significant increase in the positive social media morale of Cardano, with more than 3.5 positive comments for each negative comment.
Technical expectations and goals
Looking at the current market structure and the upper feeling surrounding ADA, the next main resistance level appears to be about $ 0.80, followed by a $ 1 sign. Traders must closely monitor whether ADA can maintain its support at $ 0.71, because the bounce of this level can lead to re -testing these resistance areas.
Also read: Raydium Group to launch its own version from Pump.fun
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