The post Cardano (ADA) Breaks Out, Bulls Eye $0.85 and Beyond appeared first on Coinpedia Fintech News
ADA, the native token of Cardano, has finally broken out of the prolonged consolidation it has been experiencing since the beginning of March 2025. Today, March 25, 2025, with 3.75% upside momentum, the asset has successfully moved out of the narrow range between $0.69 and $0.75.
Cardano (ADA) Technical Analysis and Upcoming Levels
According to expert technical analysis, ADA now appears bullish. With its decent upside momentum, it has breached the resistance at the 200 Exponential Moving Average (EMA) on the daily time frame.
Based on recent price momentum and historical patterns, if ADA holds above the $0.76 level, there is a strong possibility it could initially soar by 13% to reach $0.85 in the coming days. However, if this upside momentum continues and market sentiment remains unchanged, ADA could potentially rally another 35% to reach the $1.15 level in the future.
ADA Current Price Momentum
At press time, ADA is trading near $0.762, registering a price surge of over 4.20% in the past 24 hours. However, during the same period, the asset’s trading volume jumped by 30%, indicating heightened participation from traders and investors following the recent breakout.
Key Liquidation Levels for Traders
As of now, the sentiment appears bullish, which is also reflected in traders’ behavior as they are strongly betting on long positions, according to on-chain analytics firm Coinglass.
On-chain metrics reveal that traders are currently over-leveraged at $0.72 on the lower side, where they have built $26 million worth of long positions in the hope that ADA’s price won’t fall below this level. On the other hand, $0.768 is another over-leveraged level, where traders betting on the short side have built $6.35 million worth of short positions.
Given the current price momentum and market sentiment, these $6.35 million worth of short positions are at risk of liquidation as the price approaches the $0.768 level.
When combining these on-chain metrics with technical analysis, it appears that bulls are currently in control and could support the asset in its upcoming rally.