After the price has recently fallen in the encryption environment, ADA, a token of the Cardano blockchain, has reached an important level and is prepared for a decent rise. As of March 22, 2025, the entire cryptocurrency market has not changed.
ADA current price momentum
Among them, the ADA has fallen 1.2%over the last 24 hours and is currently trading near $ 0.70. However, during the same period, the volume of trading decreased by 25%, indicating that the participation of traders and investors has increased as prices continue to change.
Cardano (ADA) technology analysis and upcoming level
According to Coinpedia’s technical analysis, the ADA is optimistic at a low time frame because it is located in the lower -order trend line of the symmetrical triangle pattern formed in a four -hour frame.
Based on the recent price behavior and historical propulsion, it is likely to increase 4% in the future if assets increase $ 0.70. On the contrary, if the ADA does not maintain support in the trend line and violates the pattern, the price drop of 8%may drop to $ 0.64 in the near future.
Major liquidation level
The main liquidation level in the press time is nearly $ 0.691 at the bottom and the top of $ 0.723, and the boss is reported by CoingLass, a whole chain analysis company.
If the market sentiment has not changed and the price drops to $ 0.691, the long position of nearly $ 11.5 million will be cleared. On the contrary, if the emotion changes and the price continues to increase, the short position worth $ 95.1 million will be cleared if it violates the $ 0.723 mark.
Along with the technology analysis, these hot chain metrics are hints that Bulls are currently following price behavior. This is because the bet on the long side is especially higher than the short bet. This can indicate that the price of the ADA can see the rising momentum.