ADA Breaks $0.80! Can Cardano Smash the $0.7500 Resistance and Surge by 15%?

Despite recent declines, market data suggests ADA might be approaching a major recovery. Ali Martinez’s ADA market analysis acknowledges short-term volatility but highlights crucial technical patterns indicating possible growth as historical movements signal a shift. However, ADA must first surpass the resistance level, which has repeatedly hindered upward momentum. If ADA breaks this barrier, its price could rise sharply as higher lows suggest growing bullish strength. Investors must remain cautious as they assess ongoing trends, as market uncertainty remains, and external economic influences impact price movements. 

Road to $0.7500: Can ADA Overcome Strong Resistance?

Just like the rest of the crypto market, Cardano’s ADA has had a volatile month. It has gone from a low of approximately $0.59 to a high of nearly $1.100 nearly doubling its value. However, since then, it has fallen again, now trading around $0.7190 with a 10% monthly decrease. Based on Coingecko’s data ADA now has a 24-hour range of $0.6973 to $0.7391. Although now this coin shows a decline, an analysis suggests that this coin might soar soon.

Chart 1 – Provide by Ali Martinez, published on Coinmarketcap, 17, March, 2025

Crypto analyst Ali Martinez has presented Chart 1 in his ADA market analysis highlighting a potential surge in price. As shown in the chart ADA’s price movement has created an ascending triangle,  this pattern suggests an upcoming breakout. However, based on the analysis this cryptocurrency needs to break the psychological $0.7500 resistance level first. This can prove to be hard to do as this resistance level has rejected ADA’s price increase various times. Despite this strong resistance Chart 1 shows that recently Cardano has recorded increasingly higher lows.

Bullish or Bearish? A Close Look at the Signals

Higher lows are a common sign that historically signals a possibility for a future uptrend. If this signal proves to be correct and ADA breaks the $0.7500 level, a further 15% surge is expected. The next important resistance range for this coin starts from $0.7700 and continues up to $0.8100. However, there is also the possibility of another market crash as global economic turmoil continues to bring down the crypto market. If ADA falls below the trendline declining to $0.7200 or $0.7100 is possible.

When analyzing various Cardano’s technical patterns we find more mixed signals. Based on the MACD indicator Cardano is at -0.0013 which places it under the -0.0028 signal line. This usually means that the market is in a downtrend and signals future bearish momentum. Despite this, the histogram indicator shows little bearish pressure, indicating that sellers are losing control of the market. But the buying pressure also seems to be weak as the OBV is recorded at -206.83M. 

Whale Accumulation: Key Driver for Cardano’s Surge

However, there is a recent development that also points to the high possibility of a bullish movement in the future. Ali Martinez has also reported that in the last 72 hours, some well-known whales have purchased 130 million ADA. Based on the historical evidence whale accumulation shows big investors’ confidence and is followed by a rally. Another positive development related to Cardano is Coinbase’s announced launch of ADA futures. Set to be launched on March 31 this can increase institutional investment in ADA drastically. 

ADA Ready for a Surge? Approaching Cardano’s Uncertainty

Investors must approach ADA with a balanced strategy, focusing on Cardano’s technical patterns, resistance, and support levels while managing risks. While long-term holders may see promise in whale accumulation and upcoming institutional developments, uncertainty in sentiment makes careful monitoring essential. A well-researched strategy will help investors navigate potential price swings as economic conditions and regulatory shifts will continue influencing market dynamics.