Cardano (ADA) Klimt from Dal: is $ 0.85 the next target?

After a big relapse, Cardano (ADA) seems to be gently recovering. Earlier this month, the race dropped to a low point of $ 0.50, but now acts around $ 0.65. That is still considerably under the peak of almost $ 1.20 at the beginning of March, but there are clear signals that indicate renewed optimism.

The trade volume rises towards $ 700 million a day, which indicates growing interest and trust in the Cardano network. At the same time, technical indicators show that Ada may be on the eve of a larger upward movement.

Whales and technical signals point to possible recovery

One of the signals that substantiate this optimism is the recent stabilization of the number of so-called whale addresses-wallets with between 1 and 10 million ADA. At the beginning of April this number fell to 2,384, the lowest level since February 2023, but since then that decrease has come to a halt. Although there is no clear increase yet, this may indicate a turning point: the start of a new battery phase by large investors.

Whales often play a key role in price developments, and their behavior is therefore closely monitored. A persistent increase in this group could further strengthen confidence and give the ADA course extra rugwind.

In addition, the technical prospects also remain positive. For example, a Golden Cross may soon be created-a classic bullish signal in which the 50-day progressive average crosses the 200-day average. If this pattern confirms, that could considerably strengthen the momentum of Cardano (ADA) in the long term.

Important price levels will determine the fate of ADA in the coming weeks

The big question for ADA owners is now whether the positive signals will also translate into a sustainable price recovery.

Since December, Cardano has been in a downward trend, where the support level was tested again around $ 0.55 in early April. This level earlier – in both November and February – acted as a strong safety net, and is therefore seen as an important long -term support level.

As long as the broader market sentiment remains positive and the fundamental developments around Cardano are favorable, there is a real chance that this level marks the bottom of the current correction.

If we look at the longer term, the zone is currently between $ 0.80 and $ 0.85 the next big hurdle. This area is in the middle of the wider trade range between $ 1.13 and $ 0.55, in which Ada has been moving for months, and could cause sturdy resistance in the event of an increase.

In the short term, the recent peaks are around $ 0.70 relevant levels to keep an eye on. However, if sentiment changes and Ada drops under the $ 0.55 support point, a further relapse towards the $ 0.40 zone is becoming increasingly likely.