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Cardano News Today: Cardano at $0.68—Will It Surge to $2.70 or Drop to $0.55?

Cardano News Today: Cardano at $0.68—Will It Surge to $2.70 or Drop to $0.55?

Bitget-RWA2025/10/25 16:52
By:Bitget-RWA

- Cardano (ADA) trades near $0.64, with $0.68 as key resistance for a potential $2.70+ bullish breakout. - Technical analysis highlights wedge patterns and inverse head-and-shoulders formations, with $0.65 as critical reversal level. - Strong community sentiment (83% bullish holders) and domain initiatives support long-term value, though price remains market-dependent. - A $0.68+ breakout could trigger multi-month growth, while breakdown below $0.62 risks retesting $0.55 support. - Institutional ETF applic

Cardano (ADA) finds itself at a pivotal moment as it trades around $0.64, with market observers watching to see if it can surpass the $0.68 threshold and spark a renewed long-term uptrend. Despite experiencing a 6.5% decline after the

, technical signals and positive community outlook point to a possible surge toward $2.70 or beyond, provided crucial resistance levels are maintained, bolstered by the for . and . domain registrations.

Cardano News Today: Cardano at $0.68—Will It Surge to $2.70 or Drop to $0.55? image 0

Since 2022, ADA’s price has been moving within a long-term wedge formation, a pattern that often precedes significant breakouts, according to a

. Bitcoinsensus analysts highlight that ADA’s repeated pullbacks at upper resistance and its series of higher lows point to growing buyer momentum. If ADA can maintain a move above $0.68, it may rally to $0.80, with further upside targets at $1.00 and $2.70, as projected by a . This outlook is in line with increasing optimism in the broader market, as Cardano’s ecosystem grows through projects like the privacy-focused Midnight sidechain and the push for .ada and .cardano domains by the Cardano Foundation.

Short-term chart analysis reveals an inverse head-and-shoulders pattern developing on lower timeframes, with $0.65 acting as the neckline for a potential bullish reversal. Trading volume data indicates heightened accumulation near support, especially around $0.54, a historically strong buying zone, as noted in a

. If ADA remains above this level, it could regain strength and approach $0.75, a significant resistance area that has challenged buyers in 2025, according to a .

Confidence from both institutional investors and the Cardano community continues to support ADA. TapTools data ranks ADA as the second most active crypto community, with over 83% of holders expressing optimism, as reported by BraveNewCoin. On-chain data shows steady accumulation, with major holders maintaining their positions and the circulating supply stabilizing at 36.56 billion tokens, according to CoinCodex. Analyst Ali Martinez stressed that ADA must stay above $0.62 to avoid a decline to $0.55, while a successful rebound could drive the price up to $1.90, the analysis stated.

Some analysts believe Cardano could surpass Binance Coin (BNB) in market cap, which would require a 540% increase to $4.15 per ADA, based on a

. While this is a lofty goal, recent forecasts from analysts like Ted Hisokawa point to a nearer-term target of $0.824 within the next month if bullish momentum continues, as detailed in a . The Cardano Foundation’s domain initiative and ongoing DeFi developments are seen as drivers for future growth, though current price action remains closely linked to overall market trends, according to a .

ADA’s future trajectory depends on its ability to stay above $0.68 and maintain trading volume above the 20-period SMA at $0.74, with CoinCodex emphasizing the significance of these levels. A breakout past $0.80 would confirm the wedge pattern’s upper boundary, potentially opening the door to a prolonged rally. On the other hand, a drop below $0.62 could lead to a retest of major support at $0.55 or $0.50.

With Cardano preparing for institutional ETF filings and cross-chain integrations, the next few weeks will be crucial in determining whether ADA can break out of its consolidation and reestablish itself among the leading cryptocurrencies.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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