Cardano (ADA) Price Prediction For March 12
Ada is the local token for Cardano blockchain and appears to face a small correction after the Bullish Breakout breakout on March 11, 2025. Despite the ongoing price corrections over the four-hour timeframe, the ADA appears to have formed bullish inverted heads and shoulders over the same timeframe.
Cardano (ADA) technical analysis and upcoming levels
According to expert technical analysis, the ADA appears to be bullish on the four-hour and daily schedule. Recently, it has received crucial support from a key level of $0.65, and now the price has begun to recover. In a smaller time frame, it appears to form a bullish price action pattern, indicating that an upward rally will soon occur.
According to recent price action and historical patterns, if the asset violates the bullish pattern and closes the four-hour candle above $0.75, it is likely that the candle will surge 9% to $0.80 in the next few days. Additionally, this may further open the door to a 40% upward rally, which could raise the price to $1.13 in the near future.
With the recent price drop, the asset has fallen below the 200 exponential moving average (EMA) of the daily time range, indicating it is still on a downward trend. However, its relative strength index (RSI) appears to be recovering, which is a bullish sign of assets.
Current price momentum of ADA
ADA is currently trading at nearly $0.72, experiencing a price increase of more than 2% in the past 24 hours. However, during the same period, its trading volume increased by 20%, indicating an increase in traders and investors’ participation compared to the previous day.
Traders over-leverage
As Chain Analytics reports, traders’ bets on the long side appear to be rising as prices get closer to the bullish collar of falling heads and shoulders. Small shop.
Data shows that traders on lower sides currently have a leverage of $0.70, and the Bulls have established a long position worth $12 million, believing that the price will not be below this level. On the other hand, the bear currently has a leverage of $0.75, setting up short positions worth $9 million in the past 24 hours.
When combining these on-chain indicators with bullish price action, the ADA appears to be violating the neckline very quickly and soaring significantly in the coming days.
