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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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August 11 – 20, 2025
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Will bulls hold ADA at $0.70, the perfect entry before the explosion?
Cardano rose by 1.3% in 24 hours and holds steady above $0.70 while bulls try to reverse the decline on March 2nd.
Trading volumes fell by 26.6% as volatility declined. The fear and greed index rose from a record low of 15 to 19, improving market sentiment.
The market may have reached a bottom where buyers benefited from cheap prices, even if investors remained in "extreme fear" according to this indicator.
This week, renowned cryptocurrency trader Ali Martinez emphasized the importance of holding Cardano above 0.80 dollars.
Breaking the $1.20 barrier could lift digital assets to $10 in the medium to long term, some say.
Can ADA break the $0.763 resistance?
Since the beginning of the year, ADA has dropped by 12.6%. Despite the recent sell-off, the token has outperformed other popular utility tokens such as Solana (SOL) and Ethereum (ETH), which lost 33.6% and 42.7%, respectively.
President Donald Trump submitted a list of digital assets that may constitute a U.S. inventory on March 2nd. ADA was included, unexpectedly.
However, the head of state disappointed hopes by signing Executive Order (EO) to create a reserve of Bitcoin and cryptocurrencies using government assets only and banning further acquisitions.
ADA must break $0.760 to reverse its decline.
ADA quickly dropped in the following days but found a bottom at $0.640. The price of this symbol was present before Trump's announcement.
To prevent another major decline, ADA must surpass a crucial barrier around $0.763. The token continues to decline until bulls push it above this level.
Market momentum indicators are unclear as the market tries to find direction. Based on the price channel volume, ADA may see a 15% increase in the short term with an upward breakthrough.
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