Key Insights:
- Hype builds as analysts say Bitcoin’s launch on Cardano could spark a 4,000% ADA price surge.
- ADA sits on strong support, but RSI and MACD hint at bearish pressure.
- Spiking dev activity and tight liquidation zones suggest a major breakout or breakdown is coming.
The Cardano price dropped 4.9% in the last 24 hours to trade at $0.6045 on a 12% increase in trading volume to $700 million. The price increase happens as talk of Bitcoin coming to the Cardano blockchain intensifies.
In a detailed video breakdown, crypto analyst Linda laid out the opportunities, the tech behind the revolution, and why this move could be a game-changer for Bitcoin and Cardano ecosystems.
The Cardano community is hyped, but the million-dollar question remains: could this news propel the ADA price to a jaw-dropping 4,000% surge?
Cardano Price Remains Bullish
Looking at the ADA price chart, the asset is at the bottom of a multi-year historical pattern that was last seen in the 2021 bull run. The price has been in an extended correction, with ADA currently testing support around the $0.60 mark.
There’s a bullish chance that ADA could bounce off this support and make $28 by the end of this bull cycle. On the way up, Cardano may have to overcome barriers at the 50-day simple moving average (SMA) ($0.85), previous yearly high ($1.32), and previous all-time high ($3.09).
However, there’s a catch: technical indicators also show a strong Cardano sell signal on the 3-day timeframe.
The relative strength index (RSI) is at 44 and trending below its RSI-based moving average. This indicates Cardano is currently in a bearish momentum and some short-term bearish pressure is to be expected.
The moving average convergence divergence (MACD) indicator is also bearish. However, the gap between the signal and MACD lines is narrowing, signaling bear pressure is reducing, albeit present.
If bears gain over bulls, ADA price may slide outside the parabolic curve and find lower support around $0.46.
But if Bitcoin’s integration news sparks FOMO, Cardano could see a breakout above the 50-day SMA resistance, potentially targeting $1.32 or higher in the near term. A 4,000% surge from current levels would take ADA to roughly $28, a price never seen before.
Onchain Metrics Hint ADA in Accumulation Phase
Onchain data from Santiment shows Cardano’s development activity spiking hard over the past week.
High development activity often precedes major updates or launches—fueling price speculation. Still, sentiment remains split between excitement and skepticism.
CoinGlass liquidation maps show higher liquidation clusters above $0.617–$0.641, while the $0.58–$0.60 zone has fewer liquidations. This suggests bulls may be vulnerable to a long squeeze below $0.60, which could send ADA to $0.46.
Conversely, if ADA breaks above the supply zone, there will be little resistance left to suppress it. Shorts could get liquidated, adding more buying pressure. The market is on edge, and this news might just be the spark to tip the scales.
Can ADA Really Surge 4,000%?
Cardano’s tech plus Bitcoin’s clout could be a mega combo. The chart is teasing a breakout, but sellers are still lurking. Coupling Cardano’s development activity and liquidation levels indicates a big move is coming, one way or another.
A 4,000% surge to $28 is a long shot, but if Bitcoin’s integration drives adoption, DeFi on Cardano explodes, and the market goes full bull mode, it’s not out of the question.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
