Cardano's price surge signals potentially imminent reversal, as futures trading volume surpasses a 5-month peak.
Cardano Struggles to Break Above $1 After Futures Volume Surge
Cardano, the popular cryptocurrency, is currently facing a challenge in reclaiming and holding above the $1 level, following a recent surge in futures volume and a rejection at the $1 mark.
Analysts are projecting near-term bullish targets for Cardano, with prices potentially reaching $0.90 to $0.95. Some forecasts even extend to about $1.05 by the end of August 2025, if bullish momentum holds. However, these targets are not without their challenges.
Immediate resistance is firm at $0.95 to $1.00, with multiple failed attempts raising caution. If Cardano fails to break through this resistance, it may revisit support zones closer to $0.73–$0.85 before attempting another upward thrust.
The critical support and pivot level for Cardano is at $0.85. This level, if held, could provide a platform for a potential rebound. On the other hand, if bearish pressure increases, Cardano may test the secondary downside support near $0.73.
Technical indicators remain somewhat bullish, with resistance just above $0.80 to $0.85. Moving averages and derivatives interest suggest positive momentum, but with caution due to the previous rejection at $1.
Looking further into the future, some forecasts anticipate a potential upside rally of about 48%, with prices possibly breaking above $1.15 driven by growing network activity and ecosystem developments. The longer-term outlook (2025 full year) remains optimistic by some, with targets ranging from $2.36 to over $5, contingent on network adoption and scalability improvements.
This mixed but cautiously optimistic outlook follows Cardano’s recent price rebound from lows near $0.68 and a breakout of a descending trendline supported by rising derivatives interest. A strong bounce from this level on rising volume could confirm a higher low.
Cardano futures volume has surged to $6.96 billion, its highest in five months. This surge in futures activity, coupled with increased participation from derivatives traders, supports the bullish outlook.
In summary, Cardano is currently struggling to reclaim and hold above the $1 level after recent strong futures volume gains. A clear break above $1 with sustained volume would be needed to confirm a bullish continuation beyond this resistance. If the rejection near $1 persists, prices may revisit support zones closer to $0.73–$0.85 before attempting another upward thrust.
Key levels to watch:
| Price Level | Role | |------------------|------------------------------| | $1.00 | Major resistance (recent rejection) | | $0.95-$1.00 | Strong resistance zone | | $0.90-$0.95 | Near-term bullish target range| | $0.85 | Critical support and pivot | | $0.73 | Secondary downside support |
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