The Cardano (ADA) Koers made a hefty dive at the beginning of March, but seems to have found stability around $ 0.70. At the same time, the social sentiment around Cardano has reached its highest level in four months. Does this mean that Cardano is getting ready for a big price increase?
Price movement and social sentiment
Since December, Ada has been in a downward trend and the course has formed a ‘bull flag’ pattern. Although this is technically a bullish pattern, it remains uncertain when Ada will actually break out. What is striking is that the social sentiment around Cardano is now at the highest level in four months. This indicates that the community is becoming increasingly optimistic about the future of ADA.
According to Data from Blockchain-Analysis Platform Santiment, the ADA community has achieved the most positive relationship with comments since November 2024. This increase in sentiment seems to have partly been fooled by recent statements by the US Securities and Exchange Commission (SEC) in which Cardano was labeled as a SMART FOR GRAMPORMENTS. ” This has strengthened confidence in the project. Historically, an increase in positive sentiment is often accompanied by an increase in commercial activity and price movements.
Drain in transactions despite growing sentiment
Despite the positive vote among investors, on-chain data shows a different picture. Data from Cardanoscan.io show a sharp fall in the number of active transactions, from more than 100,000 per day in Q4 2024 to only 26,437 transactions on March 18, 2025 – a decrease of 70%.
Yet the involvement of the community remains strong. Just like Ripple (XRP), Ada has a large and loyal supporters. Despite the decreasing network activity, it seems unlikely that investors will drop the token quickly.
Ada on its way to an increase of 20%?
The course recently found support on the lower trend line of the Bullflag pattern. The question now is whether Ada can rise again towards the top of this pattern. However, the currency will have to break through an important resistance level.
The next target price is between $ 0.82 and $ 0.85 – a zone where there is a ‘Fair Value Gap’ (FVG). In addition, this region previously functioned as both support and resistance level. If the positive momentum persists in the cryptomarket, this zone seems a logical price target. This would amount to an increase of approximately 20% compared to the current price of $ 0.73.
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Source: https://newsbit.nl/cardano-ada-koers-stabiliseert-na-flinke-daling-stijging-van-20-in-zicht/
