Cardano Price: Key Levels to Watch As It Skyrockets 10%

Cardano (ADA) has joined the digital asset rally as its price has finally recorded impressive growth figures.

In the last 24 hours, the ADA price has surged by 10.59% as Cardano bulls appear to be in control of the cryptocurrency market’s momentum.

Cardano’s Price Breaks Key Resistance as Volume Soars

ADA resumed trading with an opening price of $0.6373 and climbed steadily to $0.709, supported by market participants’ activities.

As of this writing, ADA was changing hands at $0.7077 after a slight pullback. However, the market remains active, as trading volume has recorded a massive 64.57% uptick to $1.01 billion within the same time frame.

ADA’s ability to give the $0.6398 zone a clean break sparked excitement among Cardano investors, leading to an upsurge in trading volume.

ADA showed strong momentum in the crypto market and will likely extend its current gains further and test new price levels.

Cardano fell from $1.13 in March 2025 and plunged below the $1 level. ADA’s price plummeted to $0.5578 earlier this April before this recent breakout.

The coin’s technical indicators suggest that if it sustains its current momentum, it could retest the critical $1 level.

This development has triggered interest in the crypto market, as traders flock to ADA. Many are betting on a future increase in ADA’s price.

According to CoinGlass data, Cardano’s Open Interest has increased by 12.69% in the last 24 hours. Investors committed 1.07 billion ADA, valued at $754.64 million at the time of writing.

Over half of the current Cardano investors are found on Binance, Bitget, and Gate.io exchanges, with 22.54%, 21.27%, and 14.64% of the total Open Interest volume, respectively.

Binance registered the highest with 241.29 million ADA valued at $170.12 million.

Bitget followed closely with 227.79 million ADA worth $159.72 million, while Gate.io recorded 156.82 million ADA valued at $110.50 million.

Analysts Set Bold Targets for ADA

With this renewed interest in Cardano, bullish predictions have been made about how high ADA could soar as it rallies along with other altcoins.

As The Coin Republic reported, a top crypto analyst, ALLINCRYPTO, has made a bold forecast on the asset.

He believes ADA has repeated a pattern of accumulation and expansion over time and could be nearing the end of its consolidation.

According to the analyst, ADA’s price could hit $4 if its breakout mirrors previous ADA cycles in the crypto market.

Ali Martinez, another renowned analyst, predicted a possible 30% breakout once ADA exits its symmetrical triangle pattern.

Will Whales Signal ADA’s Next Move?

Market observers will be watching to see how the ecosystem dynamics support ADA’s journey to the projected levels.

Cardano whales might have a significant role in ADA’s rebound journey. If the whales resist the urge to sell as the price recovers and continue their accumulation, the coin’s value is likely to soar faster.

Notably, whale accumulation even in times of price rebound inspires confidence among market participants of further upward movement.

However, if whales begin to dump the coin in the market, it could ignite a drop in value and possibly trigger a sell pressure.

The post Cardano Price: Key Levels to Watch As It Skyrockets 10% appeared first on The Coin Republic.