Cardano Price Eyes $1 Breakout as Network Volume Hits $5.3B
The Cardano network recorded one of its strongest weeks in 2025 with on-chain volume surpassing $5.3 Billion.
According to analysts, technical indicators suggested a potential attempt toward $1.00 if support levels held.
At the time of writing, Cardano (ADA) held $0.80 support with strong on-chain activity, after a period of consolidation.
Could this setup strengthen Cardano’s near-term recovery?
ADA price traded near $0.83 at the time of writing. This followed a retracement from prior highs and marked a phase where selling pressure appeared to ease.
Analysts said $0.68 remained a critical support level. A move below that threshold could weaken bullish arguments.
Mr Brownstone, a market analyst, pointed to a bullish divergence on the MACD indicator. MACD, which measures momentum shifts, showed upward movement even as the token retraced.
Divergences of this type often signaled weakening bearish momentum. According to Brownstone, this...