NAIROBI (CoinChapter.com) — Cardano (ADA) is flashing early signs of a potential price breakout, with bullish chart setups and rising on-chain interest fueling market optimism. ADA price traded at $0.6470 as of April 14, holding above the crucial $0.63 level after gaining nearly 23% in one week.
Traders and analysts are now watching whether the token will retest overhead resistance at $0.73—or plunge back toward $0.54 if the breakout fails.
Analysts Eye $0.75 Target if $0.66 Breaks
Technical indicators suggest Cardano is primed for a push higher. Crypto analyst GemXBT recently noted the emergence of an ascending triangle on ADA’s daily chart, underpinned by steady buy demand around $0.60 and overhead resistance at $0.66.
The Moving Average Convergence Divergence (MACD) just completed a bullish crossover, reinforcing upside potential. ADA also trades above its 50-day and 200-day exponential moving averages, currently at $0.7026 and $0.7196 respectively—both acting as short-term resistance levels.
BTC/USD 1-day price chart analysis projected a possible 78% breakout toward $1.20 from current levels. The symmetrical ABCD pattern implies a bullish continuation as long as ADA maintains its base above $0.63.
Support Zones Hold as Bulls Prepare for Next Move
Ali, a market analyst, identified $0.63 as the key level to watch. A breakdown below this could open the door for a correction toward $0.54. However, the current bounce off support suggests bulls may remain in control—at least for now.
Another trader, @TATrader_Alan, highlighted a potential entry point near $0.6422 and set a near-term target of $0.73, noting that ADA could revisit its previous swing low before rallying. He cited a consolidation phase and momentum buildup as supporting factors.
CW echoed a similar sentiment on X, suggesting ADA lacks much resistance until $1.90. “If the rally starts, there will be a rapid rise,” he posted. The chart accompanying the tweet shows major sell walls near the $1.90 zone but a relatively clear path in the interim.
Google Trends Reignite Bullish Sentiment
Search data from Google Trends adds another dimension to ADA’s setup. According to a tweet from Angry Crypto Show, interest in Cardano recently spiked to levels not seen since Nov. 2024.
Back then, ADA’s price surged from $0.36 to $1.14 within three weeks—marking a 300% rally. Although The Crypto Basic clarified that the actual spike in search activity occurred in early March when ADA traded above $0.75, the comparison still underscores heightened retail curiosity.
This renewed interest comes amid ongoing updates from Cardano’s leadership. On Apr. 12, founder Charles Hoskinson announced that the blockchain had reached full decentralization under the Voltaire governance model. During the live stream, IOHK’s product manager claimed Cardano processed 15.5 billion transactions in a single day—exceeding Visa’s daily capacity.
Despite Progress, Long-Term Price Lags Below $1
While technical momentum builds, ADA continues to trade far below its all-time highs. Analyst Jesse Olson noted that the token has been stuck between $0.55 and $0.60—its same range from over four years ago.
“Buy-and-hold doesn’t always work,” he warned, referencing long-term stagnation.
The pattern reflects recurring surges and sharp corrections, with Cardano failing to maintain upward momentum through multiple cycles. Some traders remain skeptical of another breakout without stronger fundamental triggers.
Still, with ADA now testing upper resistance and bulls attempting to reclaim control, the next few sessions could prove decisive. If momentum continues to build and $0.66 breaks, the token may quickly retest the $0.73–$0.75 range.
A clear move beyond that would bring the $1.20 breakout zone into focus. Until then, $0.63 remains the level to defend.
