The activity level of Cardano (ADA) continues to rise, with significant increases in on-chain daily active addresses and trading volume. This is compounded by whale capital inflows and governance optimization, laying the foundation for mid- to long-term value. The structural support at $0.243 has been tested multiple times; if this level is broken in the short term, stop-loss pressure is expected to trigger, so downward risk should be watched closely. The $0.245-$0.246 range is the main resistance area above. Technically, consolidation within the $0.255-$0.258 zone and a potential breakout above the $0.2614 high could spark a new round of rebound. Strategy: Consider gradual accumulation at dips for mid- to long-term, apply strict risk control for short-term, and focus on pivotal zones.

In the first quarter, Cardano's daily active addresses and trading volume surged significantly, accompanied by simultaneous whale accumulation, reflecting genuine demand driving on-chain ecosystem expansion. Meanwhile, the community has rejected high-cost international events, instead prioritizing developer and local community support, strengthening the project's base for sustainable growth. Upcoming privacy sidechain and protocol upgrade plans will further enrich the DeFi ecosystem and enhance security, thus building robust long-term value support.

Cardano has experienced a significant surge in network activity, with daily active addresses rising 1,464% to 12,000 and transactions increasing 4,278% to around 120,000 in the first quarter of the year. Despite a price drop, this genuine increase in demand, supported by growing whale accumulation, suggests that Cardano’s native token $ADA could see a price repricing higher as network adoption and fundamental value strengthen.

Cardano Could Reprice Higher as Actual Network Usage Surges

Bullish Exchange CEO Tom Farley identified Cardano and Midnight as potential long-term winners in the crypto market, alongside Ethereum and XRP. He emphasized that multiple blockchain networks will coexist, each serving different use cases, rather than one dominating. Cardano’s founder, Charles Hoskinson, highlighted upcoming upgrades to enhance its scalability and security. Midnight, a new partner chain to Cardano, aims to expand its DeFi ecosystem while addressing privacy and regulatory needs. Farley warned of possible liquidity fragmentation due to competing networks.

Bullish CEO Names Cardano and Midnight Among Potential Long-Term Crypto Winners

Cardano creator Charles Hoskinson rejects investing in costly global crypto events, advocating instead for community hubs to foster sustainable growth through regular meetups and developer activities. The Cardano community voted against spending 14 million ADA on international events, favoring ecosystem development. Despite ADA's price struggles, Hoskinson remains optimistic about expansion via cross-chain strategies and increased developer participation.

Cardano (ADA) Creator Charles Hoskinson Denies Event-Driven Approach as ADA Lags

Currently, price is repeatedly testing the multi-year support level at $0.243; failure to hold this area in the short term may intensify stop-loss driven deeper pullbacks. The $0.245-$0.246 zone above also forms multiple resistance layers. On-chain NPL metrics are weakening, and the derivatives market sentiment is bearish, showing that some early holders are still under panic selling pressure. Short-term, caution is needed for continued sentiment volatility.

Crypto analyst Ali Martinez identifies $0.243 as a crucial pivot for Cardano's next price move. Defending this support could lead to a 23% rise to $0.30, while a close below may trigger a 58% drop to $0.10. Cardano lags behind Bitcoin and Ethereum, trading below its 50-day SMA near $0.26, with a 19.71% decline in trading volume, indicating weakening short-term momentum.

Cardano Faces Make-or-Break Moment at $0.243: Analyst

Cardano ($ADA) has fallen below $0.24, down over 2% in 24 hours, showing bearish trends despite a bullish crypto market. On-chain metrics reveal increased dormant wallet activity and a negative Network Realized Profit/Loss (NPL) spike, indicating early investors may be selling at losses, raising sell-off risks. Derivatives data also signal bearish sentiment, with $ADA trading below key moving averages and facing resistance at $0.2450, suggesting potential for further decline.

Cardano slumps below $0.24 as on-chain signals flash sell-off risk

Cardano's price faces an 8.3% potential drop amid a market-wide correction and rising geopolitical tensions, trading at $0.239 with a 3.7% decline. Despite bearish signals from moving averages, wallets holding over 10 million ADA increased to 424. The derivative market shows growing leveraged futures positions, suggesting possible directional trends. Cardano is testing a key multi-year support at $0.243, with a breakdown potentially leading to lows near $0.10.

Cardano Price Holds Support As Derivatives Demand Rises

Cardano ($ADA) trades near the critical $0.243 pivot, a level that has historically triggered major rebounds. Former NYSE president Tom Farley named Cardano a long-term winner alongside Ethereum and Solana. On-chain activity has surged recently, and regulatory progress with the Clarity Act adds support. A daily close above $0.2450 could spark a breakout toward $0.537, while a break below $0.243 risks a drop to $0.10.

Cardano Price Prediction: Ex-NYSE Boss Picks ADA As Winner While $0.243 Pivot Holds

Since the low of $0.2362 on April 12, price has quickly rebounded to $0.2591, forming a V-shaped reversal. Daily trading volume has expanded noticeably on up days, and the MACD shows crowding and a turnaround signal, indicating bullish momentum is accumulating. If the $0.255-$0.258 area solidifies and the April 16 high of $0.2614 is challenged, a new upward leg may unfold.

Crypto analyst Dan Gambardello highlights oversold conditions in Ethereum, Cardano, SUI, and DOG on Bitcoin, levels not seen since previous cycle bottoms. Ethereum shows a bullish fractal similar to November 2024, with $2,800 as key resistance. Cardano's MACD squeeze signals a potential breakout. SUI is 85% down with prolonged monthly Stoch RSI oversold, targeting $1.50 if reversed. DOG has dropped 91%, remaining the top meme coin on Bitcoin.

Altcoins at Most Oversold Levels in Years, Analyst Flags ETH, ADA, SUI and DOG Setups

Cardano

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

Crypto Price Analysis Apr-17: ETH, XRP, ADA, BNB, and HYPE

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Cardano Sentiment Turns Bullish as Midnight Stays in Bearish Territory

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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ADA price today is 0.26, with a live price change of 4.17 in the last 24 hours. Convert, buy, sell and trade ADA on Bybit-eu.

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