- Cardano surged 17.8% in 36 hours, fueled by speculation of a Gemini listing and recent U.S. crypto strategic reserve discussions.
- Resistance at $0.8 remains key, with ADA failing to hold above it, while the liquidation heatmap suggests potential upside toward $1 if buying pressure strengthens.
- Traders should watch ADA’s reaction at $0.8, as a bounce could target $0.9, while a break above it might push prices to $1.03–$1.09.
Cardano [ADA] just pulled off a 17.8% price surge in the last 36 hours, shaking up the charts and sparking fresh speculation.
Talks are swirling that Gemini might be considering a Cardano listing—something that, coupled with the U.S. crypto strategic reserve buzz from earlier this month, could be shifting market sentiment in ADA’s favor. Interestingly, while Gemini’s co-founder didn’t seem too keen on ADA being part of the strategic reserve, he wasn’t exactly dismissing a potential listing either.
So, with a retest of a well-established three-month support zone in play, is Cardano gearing up for a legitimate bullish reversal?
Cardano’s Rapid Climb Might Hit a Wall
Cardano 1-Day Chart
ADA’s sharp rebound in the last 48 hours could largely be attributed to a strong bounce off the three-month range lows at $0.68. But—and it’s a big but—the wild volatility that followed the strategic reserve announcement left buyers struggling to hold ground.
The attempt to stay above $0.8? Yeah, that didn’t last long. It initially flipped from a bearish order block to a bullish breaker, but the lack of sustained momentum meant the price slid back down. Now, with the $0.8 level lost, bulls are facing an uphill battle.
The Awesome Oscillator? Bearish.
The daily structure? Also bearish, though ADA’s range-bound movement in recent months suggests traders should focus more on key range levels than the overall structure itself.
Notably, the 75% range level sits right at $0.8—coinciding with a key bearish order block from February. This makes it the nearest, strongest resistance to watch.
Meanwhile, the CMF (Chaikin Money Flow) Indicator is barely hanging at -0.01, which means capital flows remain neutral—no significant inflows or outflows signaling major moves.
Cardano Liquidation Heatmap: A Magnet for Liquidity?
ADA Price Forecast
A quick glance at the three-month liquidation heatmap reveals a clear liquidity hotspot up at $1.17. Closer liquidity pockets are hovering at $0.634, $0.8, and $0.83, making them critical levels to monitor in the short term.
Zooming in on the two-week heatmap, the liquidity landscape supports this view. ADA’s path upward is littered with liquidation levels, meaning price could get pulled higher—possibly toward the $1.00 region.
However, here’s the catch: the spot market isn’t exactly buzzing with heavy buying pressure, and the broader market sentiment leans bearish. That complicates ADA’s potential upside.
One key reversal zone to watch? $0.9. It aligns well with the mid-range level at $0.907—a zone where sellers could step in aggressively.
Trade Setup? Here’s the Play
Traders might want to wait and see how ADA reacts at $0.8. If it manages a sustained bounce, a move toward $0.9 could be on the table. Beyond that, $1.03 and $1.09 would be the next logical targets—assuming ADA finds enough momentum to break past bearish pressure.
For now, it’s a game of patience. The market’s flashing mixed signals, and ADA is walking a fine line between continuation and rejection. Buckle up.
