- Cardano (ADA) just broke above both the 50-day and 200-day SMAs, jumping 9.5% in 24 hours, hinting at a possible trend reversal after months of bearish pressure.
- The breakout could signal a run toward the $1 mark, but it all depends on whether ADA can hold above the $0.783 level or fall back into consolidation between $0.669–$0.783.
- Market sentiment is warming up, and with Bitcoin climbing past $104K, ADA’s move could be part of a larger altcoin rally if momentum holds.
After a string of rough months and more fakeouts than we care to count, Cardano’s ADA just flipped the script. The token’s price jumped over 9.5% in the past 24 hours, smashing through not one, but two major resistance zones — the 50-day and 200-day SMAs. Traders have been eyeballing those levels for a while now, and this breakout’s got people talking about whether ADA is finally ready to flip bullish again.
Right now, ADA’s sitting at around $0.79. Not bad at all considering it’s been pinned down for most of 2025. The last time ADA even flirted with this kind of upward momentum was months ago, back when Bitcoin was just warming up. Speaking of BTC, it’s now flying past $104K — and that broader rally energy seems to be rubbing off on altcoins, ADA included.
Breaking the Range: ADA Shakes Off the Rust
To understand just how important this breakout is, you gotta rewind a bit. ADA’s been stuck in a frustrating loop since late 2024. Yeah, it had that sweet rally up to $1.24 in December, but profit-takers yanked the rug out fast. Since then, every time it tried to break the 50-day SMA? Nope. Rejected. Then the 200-day SMA, which used to act like a cushion, suddenly flipped and became a roof it couldn’t punch through.
The real pain came earlier this year. January, March — you name it. ADA just kept hitting the same ceiling and sliding back down. That kind of price action wears on investors. But then this latest push happened, and something felt… different. Not just a quick bounce. A full-on punch through $0.783, the 200-day SMA, which had been bullying ADA since March.
Is $1 on the Horizon?
So, now what? ADA fans are eyeing that $1 mark again. It’s not just about the number — it’s psychological. It’s a statement. If ADA can hold above the 200-day SMA and build from here, we might be looking at a proper trend reversal. But fair warning: this isn’t a guaranteed moon mission. If momentum fizzles, price could easily get stuck in the old range again, somewhere between $0.669 and $0.783.
For traders, the next few candles matter. Can it sustain volume? Can it hold above support? If the answers are yes, we could be in for a real run. If not… well, we’ve been here before.
Zooming Out: A Bumpy Ride That Might Finally Be Leveling Out
Let’s not forget — ADA’s been on a wild ride. After hitting that $1.24 high in late 2024, the token tumbled hard, mostly due to broader market sell-offs and its own sluggishness around key levels. Buyers pretty much disappeared. Every bounce got sold into. That confidence? Gone.
But now, sentiment’s shifting. The market feels a little warmer. And ADA — which has spent most of this year spinning its wheels — just might be finding some grip.
Whether you’re a short-term scalper or someone who’s been holding since 2017, this move above the SMAs has injected some real optimism back into the charts. Now it’s all about follow-through.
No pressure, ADA… but the next few days might just decide your fate.
