BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Cardano ADA Investor Sentiment Soars: Analysts Predict a 20% Price Breakout Due to This Bullish Indicator

by Sham
March 26, 2025
in Cardano, Crypto, Finance, Opinion, Social
A A
Cardano ADA Investor Sentiment Soars: Analysts Predict a 20% Price Breakout Due to This Bullish Indicator
6
SHARES
Share on TwitterShare on Reddit
  • Cardano’s ADA has gained 13.5% in March, recovering from a steep drop but still down 15% for Q1.
  • Social sentiment around ADA has hit a 4-month high, though on-chain activity has declined by 70% since late 2024.
  • A breakout above $0.78 could push ADA up 20%, but failure to do so may keep it stuck between $0.70 and $0.78.

Cardano’s ADA has been making a steady recovery, posting a 13.5% gain in March despite a brutal 32% dip in February. The altcoin still sits 15% lower for Q1, but recent technical signals suggest bullish momentum could continue.

Social Sentiment Hits a 4-Month High

While ADA’s price has bounced between $0.78 and $0.70 for the past 10 days, social sentiment around the project has surged to a new yearly peak.

According to on-chain analytics firm Santiment, Cardano’s bullish sentiment has hit its highest level in four months, spurred by SEC comments recognizing ADA’s use case in smart contracts for government services.

Historically, rising social sentiment often correlates with increased trading activity—but this time, on-chain data tells a different story.

Transaction volumes have plummeted compared to late 2024. In November and December, ADA saw an average of over 100,000 daily transactions. Now, that figure has collapsed 70%, with only 26,437 transactions recorded on March 18.

Can ADA Rally 20% Before the End of March?

Despite weak on-chain activity, ADA has remained above the key 0.50 Fibonacci retracement level, signaling long-term bullish potential.

The 1-day chart shows ADA holding above an ascending trendline, oscillating within a parallel channel. Immediate resistance sits at $0.78, a level reinforced by the 200-day exponential moving average (200-EMA). A daily close above this level could trigger a breakout toward $0.84–$0.88, representing a 20% gain from current prices.

However, Cardano is no stranger to sideways action. If it fails to break above $0.78, ADA may remain stuck in a $0.70–$0.78 range, delaying any major rally. A confirmed breakout, though, could flip the script and send ADA toward higher resistance levels.

Tags: ADACardanosec
Tweet2ShareShare2

DON'T MISS THESE! HOT OFF THE PRESS

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?
Bitcoin

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

May 29, 2025
Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash
Bitcoin

Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

May 29, 2025
Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)
Cardano

Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

May 29, 2025
Chainlink Gears Up for Major Breakout: $35 Target in Sight
Chainlink

Chainlink Gears Up for Major Breakout: $35 Target in Sight

May 29, 2025
Analysts Believe THIS Could Propel Solana Over Ethereum in 2025
Crypto

Analysts Believe THIS Could Propel Solana Over Ethereum in 2025

May 29, 2025
Trump Reciprocal Tariffs Reinstated Following Appeals Court Overturn: Bullish or Bearish for Markets?
Finance

Trump Reciprocal Tariffs Reinstated Following Appeals Court Overturn: Bullish or Bearish for Markets?

May 29, 2025
Load More

Related News

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

May 29, 2025
Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

May 29, 2025
Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

May 29, 2025
Chainlink Gears Up for Major Breakout: $35 Target in Sight

Chainlink Gears Up for Major Breakout: $35 Target in Sight

May 29, 2025
Analysts Believe THIS Could Propel Solana Over Ethereum in 2025

Analysts Believe THIS Could Propel Solana Over Ethereum in 2025

May 29, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.