In these uncertain market times, Cardano (ADA) finds itself in a phase of consolidation, trading within a tight range near a critical level. This creates a pivotal moment for ADA. For the last 11 days, the price of ADA has been moving between $0.70 and $0.74, and it’s currently testing the bottom of this range.

ADA’s Current Price Momentum 

Beyond just this consolidation, ADA’s present price is also getting support from an ascending trendline that has been consistently in place since the beginning of March 2025. Right now, ADA is trading close to $0.71 and has seen a slight uptick of more than 0.50% in price over the last 24 hours.

Cardano (ADA) Technical Analysis and Key Levels 

Technical analysts point out that, alongside its current consolidation, ADA appears to be forming a symmetrical triangle pattern. Essentially, if ADA manages to break out of this pattern and close a four-hour candle above the $0.74 price point, there’s a good chance it could also break through the current consolidation and potentially climb by 15%, reaching towards $0.85.

Currently, ADA shows a potential for a 3% increase, which could easily bring it to the $0.736 level. This short-term prediction is for a smaller timeframe. However, when we look at the daily chart for ADA – a longer timeframe view – it suggests that a substantial rally is more likely to kick off only once ADA closes a daily trading session above the $0.85 mark.

Due to the prevailing bearish sentiment in the market and the uncertain pattern, it appears that traders and investors are showing less engagement with ADA. This reduced participation is leading to a record low in trading volume, as reported by the on-chain analytics experts at Santiment.

The numbers confirm that ADA’s trading volume has hit its lowest point since the start of 2025. Furthermore, in just the last 24 hours, the volume has decreased even further by 15%.