- Cardano (ADA) bounces ~3% to ~$0.673, testing key $0.675 resistance level
- Holding new $0.652 support crucial; break above $0.675 targets $0.68+
- RSI neutral (~43), MACD weak; breakout needed to confirm bullish strength
Cardano (ADA) showed strong signs of recovery in the short term; Tuesday saw bullish momentum pushing ADA prices higher. ADA currently trades near $0.6710 , marking a 3.19% gain over the past 24 hours.
This recent uptick followed a consolidation period where ADA found support at lower levels before breaking higher again. Increased buying pressure and a notable surge in trading volume suggest potential continuation of this uptrend.
However, key overhead resistance levels must be monitored closely to confirm further positive movement for April 2nd.
Cardano’s Short-Term Trend and Market Sentiment
ADA has been trending upwards, supported by a recent rebound from $0.622 level. That price point previously acted as a temporary market bottom. Current bullish sentiment is evident as buyers actively defend crucial nearby support zones.
Trading volume for ADA increased sharply by over 50% in the past 24 hours. This suggests market participants feel some confidence in sustaining the current rally attempt. But a firm breakout above immediate resistance is required to solidify that bullish strength definitively.
Related: ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner?
What Are Key ADA Support and Resistance Levels?
Price action indicates the $0.6523 level has transitioned from former resistance into potential current support for ADA.
This level previously acted as a barrier to upward movement. The recent breakout above it turned it into a possible foundation for further gains. Below this, the $0.640–$0.645 range represents a consolidation zone where ADA stabilized previously before attempting its latest move higher.
Source: CoinMarketCap
If significant bearish pressure returns unexpectedly, the $0.620 level serves as a strong nearby support area. It marks the recent swing low that could provide a solid base in case of a market pullback.
On the resistance side, ADA currently tests the immediate price range between $0.673–$0.675.
A successful push above this zone could pave the way for the next target at $0.680 and beyond. If buying momentum continues, ADA may advance toward the $0.69–$0.70 region, a key psychological and technical barrier.
What Do Technical Indicators Signal for April 2nd?
ADA/USD daily price chart, Source: TradingView
The Relative Strength Index (RSI) stands at 42.99, reflecting neutral-to-slightly oversold conditions.
If the RSI were to dip back below 40, further downside pressure could emerge. However, a decisive move above the 50 mark would help confirm renewed bullish strength, possibly signaling trend continuation for Cardano heading into April.
Related: Cardano (ADA) Price Analysis: 25% Crash Deep Dive — Expert Price Prediction: $10 Rebound Possible Despite Bearish Trend
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggests mild bearish momentum, with the MACD line at -0.024277 positioned slightly below the signal line at -0.020536.
Although this indicates short-term weakness, a crossover could shift sentiment in favor of buyers.
If the MACD line achieves a clear bullish crossover above the signal line soon, particularly combined with increasing volume, it would reinforce the potential for the current recovery attempt to continue into April.
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