Expert Says Cardano (ADA) Is Warming Up For A Major Rally. Here’s the Chart

Recent technical developments suggest that Cardano (ADA) could be positioning itself for a potential upward move, following a week of notable downside activity.

After declining nearly 10% from its local high of $0.73 to a low of around $0.60 between June 10 and June 17, ADA appears to be establishing a foundation for a reversal.

Technical Structure Indicates Bullish Shift An analysis by MyCryptoParadise on TradingView highlights several early signs of a trend reversal on the 4-hour chart.

At the time of his analysis, ADA traded close to $0.6245, attempting to hold support in a key region.

The analyst highlighted an internal change of character (I-CHoCH) after a liquidity sweep below $0.62, suggesting bearish momentum is waning, and indicating a potential shift toward a more constructive market setup.

Other analysts have predicted a massive upswing for ADA , and the presence of a bullish divergence on the MACD further supports this interpretation.

While ADA registered a lower low, the histogram and signal line within the MACD showed higher lows.

This decoupling often precedes a change in trend direction.

Adding to the bullish case, a previous resistance zone between $0.63 and $0.64 has turned to support.

The chart shows a reaction near the $0.6421 level, where ADA bounced after dropping to $0.61 on June 14. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Price Action and Risk Zones While the current trading level shows signs of stability, the next steps remain critical.

Recent predictions suggest a bullish turn before June 30 , and a sustained hold above $0.63 would reinforce the short-term bullish setup.

A break above minor resistance near $0.67 would open the door for further gains, potentially targeting the $0.70 region.

This move would represent over a 10% increase from current levels, assuming the upward momentum is maintained.

Whales have shown notable interest in ADA in 2025, and reclaiming the $0.7 could increase their confidence.

However, closing below $0.62 could invalidate the current outlook.

Derivatives Trends Suggest Bullish Leaning ADA’s derivatives data signals cautious optimism.

Trading volume surged 45% to $1.26 billion, while open interest declined 4.07% to $747.58 million.

Long liquidations totaled $1.6 million versus $236,000 for shorts, and funding rates remained positive.

The overall long/short ratio was 0.9391, but Binance and OKX showed a stronger long bias, both above 2.4. However, options activity plunged 92.94%, indicating reduced institutional positioning and lower volatility expectations.

Despite this, the lack of a clear downtrend keeps short-term sentiment tilted slightly bullish, with some projections suggesting a rise to $1 .

Disclaimer : This content is meant to inform and should not be considered financial advice.

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Here’s the Chart appeared first on Times Tabloid ..

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