Will Cardano still hold the enthusiasm like in 2021?

Cardano (ADA) is currently stuck in a narrow range after losing support from the trend line, causing investors to be divided on whether the next major move will be up or down.

Price Motivation of ADA

However, the overall cryptocurrency market has begun to show signs of recovery at this point in time. Major coins such as Bitcoin (BTC) and Ethereum (ETH) have recorded increases of 2.10% and 2.75% respectively, and this positive momentum has also been reflected in the price of ADA.

In the past five days, Cardano has traded sideways after breaking below an important upward trend line. At the moment, ADA is trading at $0.799, up 4.12% in the last 24 hours, with trading volume increasing by 56% to $852 million.

Analysts Set Bold Targets for ADA

The famous cryptocurrency analyst Crypto Patel pointed out that the structure of ADA is mirroring the price surge of 2021, from 0.09 USD to 2.94 USD, with resistance levels at 1.20 USD and 2.94 USD, along with long-term targets of 5.81 USD and 15.59 USD.

Source: XAdditionally, a prominent investor has claimed that ADA will "quickly reach $2.00," although there is no specific data to support this assertion. Nevertheless, the article still attracts strong interest from the community on platform X.

Source: X## Technical levels to watch

According to the daily chart of ADA, this coin has continuously faced resistance at the level of 1.20 USD. As of this moment in 2025, ADA has tested this level more than three times and each time recorded a price reversal.

Technical analysis from Coinphoton shows that the price action of ADA is in a state of uncertainty, as it moves within a narrow price range between 0.7574 USD and 0.8156 USD after breaking a key support level.

Source: TradingViewThere is a possibility that the consolidation of ADA could break in both directions. If it breaks above the upper boundary, the market could witness a strong price recovery. Conversely, if it breaks below the lower boundary, a rapid downward move is likely to occur.

At the present time, the Bollinger Bands technical indicator has suggested a potential recovery. The daily chart shows that ADA is currently hovering near the lower boundary of the Bollinger Bands, indicating that this coin is in the oversold region and may soon experience a price reversal.

Meanwhile, the RSI index at 43.6 indicates neutral momentum, with market sentiment likely to push prices in both directions.

Cash flow out compared to short position

Although the direction of the market is still unclear, investors and long-term holders seem to continue accumulating ADA tokens, according to data from CoinGlass.

In the past week, exchanges have recorded an outflow of 66.82 million USD ADA. This large outflow suggests potential accumulation and could trigger a price increase if market sentiment changes.

Source: CoinGlassOn the contrary, investors seem to have a negative outlook. Data from CoinGlass shows that over the past week, traders continue to bet on a fall. The liquidation map has highlighted clusters at 0.757 USD (long positions) and 0.838 USD (short positions).

Source: CoinGlassInvestors have built 22.2 million USD in long positions but 43.5 million USD in short positions, causing market sentiment to lean bearish.

Until this imbalance is corrected, ADA may struggle to regain the level of 1.00 USD.

Mr. Teacher