Cardano displayed choppy yet pattern-rich price action, marked by ranges and breakouts. The session started with a bullish push supported by MACD and RSI strength, briefly forming an expanding triangle before showing signs of overbought conditions. Despite temporary pullbacks, the market showed resilience, rebounding with a V-shaped recovery after a breakdown attempt. Throughout the day, Cardano remained inside well-formed structures, expanding triangles, minor ranges, and repeated MACD crossover signals, creating a trading environment suited for technical setups. Price behavior suggests that buyers are active and defending key levels while the bullish trend hasn’t fully taken over. Let’s take a look at Cardano price analysis to see what’s going on.
Cardano Price Analysis of April 24, 2025
Cardano formed a range, which broke out to the upside at 02:20 UTC, supported by a Golden Cross of MACD. Price spiked to the upside after marking the day’s low at $0.67. The ADA breakout formed an expanding triangle pattern. At 04:55 UTC, RSI moved above the level of 70, indicating overbought market conditions. At 05:30 UTC, a Death Cross appeared in the price of the MACD. Both suggested a reversal or at least a pullback. First, a very minor range appeared in price and broke out to the upside at 07:55 UTC, supported by a Golden Cross of MACD, but price could not form a spike.
Another minor range appeared, which broke out to the downside at 09:55 UTC, supported by a Death Cross of MACD. Cardano price soon developed an expanding triangle pattern, which marked the day’s high at $0.71. At 13:55 UTC, the price broke down to the downside of the expanding triangle, supported by a Death Cross of MACD, but buyers stepped in and gained control, leading to a V-shaped recovery, pushing the price to the upside, followed by a range. The range broke out to the downside at 19:00 UTC, supported by a Death Cross of MACD. Another range appeared in the price, which continued till the end of the day.
ADA Price Prediction for April 24, 2025
An expanding triangle appeared in the early hours of the day, which tried to break out to the upside but failed. The ADA price is currently consolidating with bullish momentum intact. The lower consolidation zone could be $0.67; resistance could be $0.71, which acts as a support and resistance level. Cardano needs a strong breakout above these critical levels to set up a strong rally. Until then, Cardano could continue its consolidation phase. MACD and RSI work well in a consolidation trading phase and are indicators that traders and investors rely on for their signals.
ADA Consolidates, Eyeing Key Breakout
Cardano is currently consolidating between $0.67 and $0.71, forming a narrow zone of indecision. Despite frequent range shifts, bullish momentum remains intact, though not yet dominant. The expanding triangle pattern suggests potential for an ADA breakout, but failed attempts hint at lingering hesitation. A strong push above $0.71 could open up higher targets, while a drop below $0.67 would weaken the current structure. Until a decisive move confirms direction, ADA remains best suited for range trading. Traders should lean on MACD and RSI for signals, as both perform reliably within this consolidation phase.
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