- Cardano (ADA) surged 18.8% in four days, rebounding off key multi-month support, fueled by Trump’s 90-day tariff pause and easing global trade tensions.
- Technical signals flash bullish, with ADA breaking out of a falling wedge pattern and RSI showing a bullish divergence—hinting at growing buyer momentum.
- Next major test lies at $0.70–$1, where heavy resistance from clustered EMAs could either cap the rally or, if broken, trigger a run toward $1 and beyond.
The second week of April brought a little breathing room to the crypto markets. With several countries lining up to renegotiate trade terms with U.S. President Donald Trump, market sentiment shifted. That break in tension helped Bitcoin stay firm around $75K and gave altcoins—Cardano included—a much-needed jolt.
ADA Finds Its Footing—Bullish Reversal in Sight?
Cardano’s native token, ADA, has been quietly bouncing off a major multi-month support level. The price jumped from $0.51 to about $0.606 over the past four days. That’s an 18.8% leap—not bad at all considering the recent market chop.
A key spark? Trump’s 90-day hold on retaliatory trade measures for over 75 countries, plus a flat 10% reciprocal tariff. That move injected some confidence across risk assets, including crypto.
But for Cardano, there’s more than just macro noise behind the move. ADA’s been trading within a falling channel since back in December 2024, and this bounce lines up cleanly with the pattern’s support zone. This isn’t just some random pop—it’s a technical bounce that might be the real deal.
Eyes on $1 — Can History Repeat?
Last time ADA bounced from this same support level, it went on a solid 53%+ run, peaking just over $1. If history plays out again, we could be staring at a potential 70% rally from here—provided buyers can push through the next big resistance near the $1 mark.
But let’s not get ahead of ourselves. Right now, the coin is still facing heavy resistance at $0.70, and unless bulls can break that cleanly, we might just be looking at more sideways chop before any breakout.
Quick Technical Take:
- EMA Cluster Resistance: The 50, 100, and 200-day EMAs are bunched up around $0.70—making it a tough wall for bulls to break through.
- RSI Divergence: Even though price made a lower low, the RSI printed a higher low. That kind of bullish divergence hints at rising momentum and strengthening buyer interest.
Bottom line? ADA’s bounce looks legit for now. But to really flip the narrative, bulls need a clean break above that $0.70–$1 zone. Otherwise, it’s just another test of patience.
