Cardano Price Analysis of March 7, 2025: ADA Faces Resistance at $0.88 After Recovering from $0.82 Dip, Can It Break Through?

Are you thinking of investing in Cardano and wondering if Cardano price analysis projects a bullish or bearish nature? The Cardano (ADA/USDT) exchange rate stood at $0.8709 at 06:26 UTC on March 6, 2025, after the market displayed multi-level resistance testing, followed by a quick price drop and a subsequent rebound. The market movements exposed vital information to traders through prominent breakout areas combined with RSI indicators for overbought/oversold conditions and MACD signal crossings.

Analyzed by baishnabtriparna, Published on TradingView, March 7, 2025

ADA Price Trend: Major Price Action and Support-Resistance Zones

Based on the Cardano price analysis, the initial part of the day displayed a downward trend movement which directed ADA price descent towards its main support region at $0.8200. A brief increase in price occurred during this period, yet ADA experienced repeated failures while attempting to exceed $0.9400. The pivotal point of the day happened at 22:00 UTC on March 6 when ADA destroyed its $0.8800 support before descending immediately toward the daily minimum of $0.8200. The market witnessed robust purchase activities, which enabled ADA to regain value above $0.8700 during the UTC time of 06:26 on March 7, 2025.

Oversold at $0.8200 and Golden Cross at 2:30 UTC: How Indicators Confirmed 6% Rebound?

The Relative Strength Index (RSI) showed points that suggested the price could reverse direction. ADA moved into overbought status during the 12:00 UTC period on March 6, 2025, simultaneously with its unsuccessful attempt to maintain above the resistance level. The price action exhibited indications of an upcoming market adjustment, and such movements materialized somewhere during the next few hours.

As per the Cardano price analysis, the RSI fell below 30 at 02:00 UTC on March 7, 2025, after which ADA reached its daily bottom at $0.8200, thus verifying an oversold market situation. Buyers should view this point as a valuable opportunity to purchase ADA because prices progressed towards $0.8800 following this period. The Moving Average Convergence Divergence indicator helped to confirm trend changes in the market. A Golden Cross formed at 02:30 UTC on March 7, 2025, indicating a recovery began while the RSI was at an oversold level. The bullish crossover established that the market momentum returned to an upward direction.

The Death Cross formation at 12:00 UTC on March 6, 2025, brought together the bearish movement and the overbought RSI signal to specify the beginning point of price deterioration that resulted in a substantial market breakdown. ADA price today could maintain its bullish outlook as long as it manages to surpass the $0.8800 resistance level while the most recent Golden Cross remains in effect before 06:26 UTC.

ADA Price Today: Will $0.9400 Be the Next Resistance Level to Break?

A steep market decline began at 22:00 UTC when the price dropped below the $0.8800 support level, thus indicating the end of consolidation and the start of bearish control. The cryptocurrency successfully retested $0.8200, providing evidence that suggests an upcoming trend change. ADA has the potential to advance to the $0.9000-$0.9400 resistance region as long as it manages to stay above $0.8700. The inability to maintain prices above $0.8600 will potentially lead to another support reconfirmation at $0.8200.

ADA price trend from March 6 to 7, 2025, showed a powerful hindrance at the resistance boundary followed by a fast market downturn and a rebound as it exited extremely oversold positions. The price movement of ADA will depend heavily on its performance at a support level of $0.8200 and a resistance level of $0.9400. ADA price performance could rise, but another bearish momentum would possibly drive the coin back down into its support area.