ADA Price Analysis of March 6, 2025: Will Cardano Break $1 Resistance Today?

Are you interested in investing in Cardano and wondering if there is a scope for profit today? As of March 6, 2025, with a recent breakout and reversal, the 5-minute Cardano (ADA/USDT) chart on Binance shows meaningful price action that short-term traders might find very interesting. This analysis covers major support and resistance levels, breakout zones as well as momentum indicators RSI and MACD to constitute potential targets when trading. These are the technical patterns that traders use to predict price movements and to find entry and exit points. 

ADA price analysis has formed a high support area with a range of values between $0.945 to $0.950 and has been tested multiple times on March 5 at 21:00 and at 04:30 on March 6. ADA faced stiff selling pressure at resistance between $1.000 and $1.010, with price rejections occurring around March 6 at 00:00 UTC and 02:30 UTC. This supply zone has consistently prevented upward momentum, forcing retracements. Additionally, a breakout level was identified at $0.975 on March 6 at 09:00 UTC, where ADA surged before encountering resistance at $1.000, leading to a pullback.

Breakout and Price Movements

The ADA price analysis witnessed a bullish breakout on March 6 at 09:00 UTC when it crossed above $0.975, which has led to an aggressive rally heading toward the $1.000 resistance. This surge was, however, met with a wave of selling pressure, resulting in a price rejection. The breakout happened at an RSI greater than 70 overbought levels and signaled a bearish momentum.

After being rejected at the $1.000 level, ADA pulled back towards the $0.950 support zone between March 6, 18:00 UTC and 04:30 UTC, confirming this range as a key area for demand. At present, on March 6 at 04:32 UTC, the ADA is consolidating and seems to be moving sideways as of going to press at $0.955. A retest of the $0.975-$1.000 range would likely be on the cards if buying pressure returns to the market in the short term

Momentum Indicators Analysis

The RSI on the ADA price trend has told us about market conditions. At approximately 09:00 UTC, the RSI went above 70, indicating an overbought at close to the $1.000 resistance, which caused a downward price correction. ADA analysis also shows that the price dropped down at around 21:00 UTC and 03:00 UTC, respectively, when the RSI value also fell below 30, signaling over-selling, which was followed by a price rebound. Currently, the RSI is at 42.92, indicating a neutral position and implying the possibility of price movement in either direction depending on market sentiment.

The MACD (Moving Average Convergence Divergence) indicator also shows important trends. On October 21, there were two Golden Crosses changes from a bearish trend to a bullish one at 06:00 UTC and 15:00 UTC when the MACD line crosses above the signal line. However, a Death Cross formed at 12:00 UTC, suggesting increased selling pressure and a short-term downtrend.

Future Price Projections

If the ADA price trend continues to hold above $0.950, it may move higher toward the $0.975 resistance and test the $1 resistance in a bullish scenario. Upside confirmation would require a break above $1.000, with targets extending toward $1.1. On the other hand, if ADA breaks below the support at $0.950 the next major support lies in the $0.920 – $0.930 area. A break below $0.920 would signal a stronger bearish tone, which could lead to a deeper correction.

ADA analysis states that it is retracing in the range of $0.955, key resistance lies at $1, while hard support is at $0.950. Price action should be carefully observed by traders for either a breakout above$0.975 as a bullish confirmation or a breakdown below $0.950 as a bearish indication, which would indicate the next buying opportunity.