Cardano (ADA) Price Prediction for March 1, 2025
Although the cryptocurrency market sees a widespread recovery, Cardano (ADA) remains under key resistance. As of March 1, 2025, ADA has risen 2% as of today, and is currently trading close to $0.63, fluctuating within the tension range between $0.625 and $0.64.
Cardano (ADA) short-term price analysis
With a modest upward momentum, ADA’s trading remains below its key level of $0.65. In the past 24 hours, prices have tried to gather but failed to gain appeal. According to expert technical analysis, ADA is still in a bearish zone and continues to trade below the key $0.65.
Despite these factors, if the asset stands out from its ongoing merger and closes four consecutive candles of over $0.6425, it is likely to soar 5.50% to $0.67.
Additionally, if the asset fails to violate the merger ceiling and closes daily candles below $0.62, the price of the ADA may drop to $0.58 and may drop further.
Bullish chain indicators
Looking at the current market sentiment, it seems that the Bull returns to support assets. As reported by on-chain analytics firm Coinglass, traders and investors have been engaged in bullish activities in this issue.
Excessive leverage
From Small shop It shows that ADA traders bet on long positions at $0.618, holding long positions worth $5.9 million. Meanwhile, $0.645 is another level of over-leverage, where traders have established positions worth $3.67 million by betting on short-term positions.
When combining these chain indicators, it seems that the shift in market sentiment has begun. On the bullish side, this significant involvement could push the ADA in an upward direction.
ADA worth $14.65 million outflow
Meanwhile, as chain analytics company Coinglass reported, investors and long-term holders accumulated tokens during the same period. Data from spot inflows/outflows suggests that the exchange has witnessed a large outflow of $14.65 million ADA tokens.
While examining these chain boundary indicators and technical analysis, investors and traders appear to be pushing assets to rallies, aiming to restore the vital $0.65 level.
