After a recent price drop in the crypto landscape, ADA, the native token of the Cardano blockchain, has reached a crucial level and is poised for a decent upside momentum. As of today, March 22, 2025, the overall cryptocurrency market remains unchanged.
ADA Current Price Momentum
Amid this, ADA has registered a price drop of 1.2% in the past 24 hours and is currently trading near $0.70. However, during the same period, its trading volume dropped by 25%, indicating lower participation from traders and investors as the price continued to fluctuate.
Cardano (ADA) Technical Analysis and Upcoming Levels
According to CoinPedia’s technical analysis, ADA appears bullish on a lower time frame as it is positioned on the lower ascending trendline of a symmetrical triangle pattern formed on the four-hour time frame.
Based on recent price action and historical momentum, if the asset holds above the $0.70 level, there is a strong possibility it could soar by 4% to reach $0.74 in the coming days. Conversely, if ADA fails to sustain support at the ascending trendline and breaches the pattern, it could see an 8% price drop to $0.64 in the near future.
Major Liquidation Levels
At press time, the major liquidation levels are near $0.691 on the lower side and $0.723 on the upper side, with traders being over-leveraged at these levels, as reported by the on-chain analytics firm Coinglass.
If the market sentiment remains unchanged and the price drops to the $0.691 level, nearly $14.15 million worth of long positions will be liquidated. Conversely, if the sentiment shifts and the price continues to soar, breaching the $0.723 mark, approximately $9.51 million worth of short positions will be liquidated.
These on-chain metrics, along with technical analysis, hint that bulls are currently following the price action, as bets on the long side are notably higher than those on the short side. This may indicate that ADA’s price could see upside momentum.
