Cardano Crypto ( Price Volume in 24h Price 7d ) was one of the most criticized crypto projects over the years due to its slow pace of development compared to the other projects. Despite that, it managed to gain a strong community foundation for the long-term success of the project, and it seems like we’re seeing the effect now.

As Cardano keeps up its impressive performance since November, holding strong support and gaining momentum as the market moves up, Let’s try to analyze its potential and take a look at some charts!

DISCOVER: Top 20 Crypto to Buy in April 2025 

Cardano Crypto Potential: A Giant Set to Rise Again

Cardano is a blockchain focused on building decentralized networks for smart contracts that are scalable, sustainable, and secure. With the Cardano ecosystem continuing to expand and projects on the network increasing to 2000 as of April 18, it reflects an increase in the adoption and development of the Dapps within the ecosystem.

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Looking at the chart, we can notice the strength Cardano showed in the past month despite the market being at its worst.
This performance is encouraging investors; with the market showing strength again, Cardano will go and do even better.


(ADAUSD)

With the recent potential bullish reversal, experts are suggesting the ADA chart showed a potential head and shoulder pattern, which is often seen as a signal of trend reversal and could indicate a change in the market sentiment and possible price breakout. RSI levels being at 53 indicate neutral momentum and show upward movement, which supports the bullish outlooks of the chart.

It’s important to look at the key resistance level of $0.66, as ADA tried to break it multiple times but struggled to do so; breaking this level and holding above it could be a signal for a bullish trend.

At the moment, its key support is located at $0.55-$0.52, as ADA rebounded multiple times from these levels.
(ADAUSD)

The weekly chart of ADA supports the idea laid out in the monthly chart, confirming the uptrend with key resistance at $0.66 and overall bullish market sentiment around ADA. The RSI and moving averages on both timeframes indicate that ADA is in a healthy uptrend.

A break below the key support zone would invalidate this uptrend. Traders should also monitor the 50-period EMA on the weekly chart, as a drop below this level could further confirm a shift from bullish to bearish market conditions.

How Best Wallet Can Help You Buy and Store ADA Safely?

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Best Wallet is a non-custodial, multichain wallet available as an iOS and Android app with hundreds of thousands of downloads, often listed as one of the top decentralized exchange (DEX) wallets, which supports for over 60 chains.

Beyond basic wallet functions like sending and receiving, it supports cross-chain swaps with the lowest fees possible, as it pulls swap rates from more than 200 exchanges and offers you the best rate.

Upcoming Tokens and Manage Portfolio view give users the power to spend, trade, and manage their crypto seamlessly. And the ability to buy into featured presale projects Best Wallet can act like the best solution for degens and presale buyers.

Soon it will offer Best Card and make it so users can use their crypto funds effortlessly.

The presale is gaining strong momentum, having raised over $11 million so far. At just $0.0248 per $BEST, the price remains valid for only a few more hours, and it comes with 128% APY rewards for stakers.

Investors are drawn to a product that combines ease of use with advanced features, and with BASE integration on the horizon, this interest is set to grow even further. No-KYC, multi-chain wallet designed for both trading and investing, Best Wallet is becoming a top choice.

Download Best Wallet today on Google Play or the Apple App Store.

Stay connected with the Best Wallet community on XTelegram, and Discord.

Visit Best Wallet.

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Key Takeaways

  • ADA is driving bullish market sentiment, signaling a positive shift in market dynamics
  • Moreover, the charts indicate a promising breakout ahead

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Ahmed Ziyad
Ahmed Ziyad
Crypto Journalist

Combining the art of being a degenerate with technical analysis, Ahmed is a seasoned crypto markets analyst specializing in early-stage projects, emerging market trends, and sentiment-driven trading strategies. Ahmed began his full-time involvement in the crypto space in 2018. Prior... Read More

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