Cardano holders are in excitement with the network’s strategic expansion of interoperability. Successively, the upcoming Glacier Drop will distribute NIGHT and DUST tokens to XRP holders. Further indicating closer collaboration between Cardano and the XRP Ledger.
Lace Wallet has already integrated XRP support, while active discussions aim to onboard Ripple’s RLUSD stablecoin into the Cardano ecosystem. These steps aim to position Cardano as a leading cross-chain DeFi platform. But how is ADA’s price responding amid broader market turbulence? Let me take you through Cardano price analysis for the short term.
Cardano (ADA) Price Analysis
Cardano’s ADA price today is at $0.6099, marking a 2.42% fall over the past day. Its market valuation has dropped to $21.55 billion, reflecting a 2.44% loss. Meanwhile, the 24-hour trading volume has plummeted by 17.32% to $597.75 million, highlighting declining interest from short-term traders.
From a technical standpoint, ADA is currently trading within the accumulation zone between $0.51 and $0.62. Which has historically been an accumulation zone before potential breakout rallies. However, recent candles on the 4-hour chart show ADA struggling below the Bollinger mid-band, suggesting continued selling pressure.
The RSI sits near 34.97, making its way to the oversold territory, which could hint at a short-term relief bounce, provided the momentum improves. However, the RSI still lags below the signal line at 42.89, pointing to weak bullish conviction.
That being said, ADA faces strong resistance in the $0.75–$0.78 range. It is worth noting that it is the zone that failed to breach during past rallies. Until it reclaims $0.62 and re-tests the $0.70 zone, ADA remains vulnerable to further consolidation or downside.
Keen on stacking some ADA? Read our Cardano (ADA) Price Prediction 2025, 2026-2030!
FAQs
ADA is trading near the lower end of its accumulation zone. While the RSI indicates possible oversold conditions, caution is advised until a breakout occurs above $0.62.
Traders should monitor $0.62 as the first breakout hurdle and $0.75–$0.78 as major resistance levels.
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