Amidst the ongoing market uncertainty, Cardano (ADA) remains stable and appears to be consolidating while other major assets continue to decline. Today, March 19, 2025, after a recent price drop, the asset has reached the lower level of its consolidation range and is poised for upside momentum.

Cardano (ADA) Technical Analysis and Upcoming Level

According to expert technical analysis, ADA has been hovering between $0.695 and $0.75 for the past week. However, with the recent price drop, the asset has reached near the $0.69 level. Based on historical patterns, if the asset continues to hold this lower level, there is a strong possibility it could soar by 7% in the coming hours.

The asset still appears bullish on the higher time frame, whereas on the lower time frame, due to the overall bearish market sentiment, forecasting an upcoming rally seems challenging.

Current Price Momentum 

ADA is currently trading near $0.70 and has registered a price surge of 0.20% in the past 24 hours. However, during the same period, its trading volume remains negative, indicating lower participation from traders and investors. Data from CoinMarketCap revealed that ADA’s trading volume dropped by 7%.

Major Liquidation Level

With the bearish market sentiment, traders have a predominantly bearish outlook, as reported by the on-chain analytics firm Coinglass. At press time, traders are currently over-leveraged at $0.679 on the lower side, where they have built $8.10 million worth of long positions. Meanwhile, $0.721 is another over-leveraged level, where they are holding $12 million worth of short positions.

This suggests that bears are currently in control and could create obstacles for an upward move.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed