Cardano Price Prediction: ADA continues to find buyers as BTC recovers

Source Fxstreet

Cardano price rebounded 4% on Friday, reclaiming the $0.95 territory as BTC reclaimed the $95,000 mark.
On-chain data shows ADA daily trading volumes remain elevated despite the market-wide correction phase.
Technical indicators suggest ADA faces stiff resistance at the $1.10 level.

Cardano price rebounded 4% on Friday, reclaiming the $0.95 territory as BTC reached the $95,000 mark. On-chain data shows ADA market demand remains elevated despite the recent price volatility.

Cardano retakes $0.95 as market recovery signals emerge

Cardano price has endured a turbulent week, driven by two significant bearish macro catalysts that triggered widespread sell-offs.

The strong United States (US) employment data amplified fears of a hawkish Federal Reserve (Fed), leading to heightened risk aversion among investors.

Compounding the pressure, a US court approved the Department of Justice’s (DOJ) request to sell $6.5 billion worth of Bitcoin seized from the Silk Road.

Together, these developments cast a shadow over the altcoin market this week.

Cardano price action | ADAUSDT

Amid this broader market turmoil, Cardano (ADA) suffered a 20% drop, falling from $1.10 on January 5 to a low of $0.87 on Thursday.

However, Thursday marked a potential turning point, as ADA found stable support at $0.87 and rebounded by 6% within 24 hours.

Now trading at $0.95, the bounce suggests the $0.87 level may have established a local bottom.

If buying momentum persists, Cardano could extend its recovery and retest the $1 resistance zone in the coming sessions, signaling a potential bullish reversal.

Cardano trading volumes remain elevated despite recent market pullback

Despite the sharp 20% price correction this week, Cardano continues to exhibit elevated trading volume, signaling sustained market activity.

Trading volume is a crucial metric for assessing market momentum and liquidity.

High volumes during price corrections can indicate the presence of buyers accumulating at lower levels, reinforcing confidence in a potential recovery.

Cardano Trading Volume | Source: Santiment

Santiment data shows that Cardano's trading volume has increased considerably in the last 3 months and maintained significant levels despite recent price turbulence.

For context, the 1.4 billion ADA trading volume recorded on Thursday was amid this week’s crash.

This is more than 300% higher than the October 2024 peak of 438 million.

This suggests active market interest, potentially driven by long-term accumulation strategies and the token's appeal among retail and institutional investors.

The current trading dynamics emphasize Cardano's resilience amid the volatile crypto market phase.

As market sentiment improves, Cardano's consistent trading activity positions it as a key asset to watch in the next recovery phase.

Cardano Price Forecast: Downside risk ahead as $1.10 sell-wall looms large

Cardano's (ADA) recent performance shows signs of market indecision as the token consolidates near $0.94.

Bollinger Bands indicate contracting volatility, with price action hovering around the middle band ($0.94).

This signals a neutral bias in the short term, but ADA faces immediate resistance near $1.10, a psychological and technical sell-wall, as highlighted in recent trading sessions.

Cardano price forecast (ADAUSDT)

The Relative Strength Index (RSI) is currently near 50, showing a bearish lean while remaining above oversold levels.

A bullish scenario could materialize if ADA breaks the $0.94 resistance, targeting $1.10. Such a breakout may see intensified buying pressure, supported by the Bollinger Band upper boundary at $1.10.

An RSI breakout above 50 would strengthen the case for bullish momentum.

Conversely, failure to sustain above the $0.90 level could lead to a bearish extension toward the $0.78 support level, coinciding with the lower Bollinger Band.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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Bitcoin Slides 5% as Sellers Lean In — Can BTC Reclaim $88,000?Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000（h3） BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area（h3） If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear（h3） The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish（h3） The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.

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6 hours ago

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Cardano Price Prediction: ADA continues to find buyers as BTC recovers

Cardano retakes $0.95 as market recovery signals emerge

Cardano trading volumes remain elevated despite recent market pullback

Cardano Price Forecast: Downside risk ahead as $1.10 sell-wall looms large

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