• Cardano price is currently grappling with a crucial level at $2.55 that can decide its fate.
  • The 10% upswing will face headwinds at the $2.74 resistance level.
  • A breakdown of the $2.40 support floor will invalidate the bullish thesis.

Cardano price is currently in a recovery phase but is hovering around a key barrier. A decisive close above this level could trigger an upswing, but a failure to do so might kick-start a downtrend.

Cardano price at make or break point

Cardano price rose 15% from the September 8 swing low to where it is currently trading, $2.55. However, the resistance barrier at $2.55 is crucial and will help ADA decide directional bias. A decisive 4-hour candlestick close above it is likely to trigger an upswing.

Assuming the bulls manage to close above $2.55, investors can expect Cardano price has a resistance-free path up to $2.74. However, overcoming this barrier and retesting the $2.82 ceiling will complete the 10% uptrend.

A resurgence of bullish momentum here could extend the ascent, but market participants can expect a minor retracement before going on another impulsive run.

ADA/USDT 4-hour chart

ADA/USDT 4-hour chart

Regardless of the optimism, Cardano price needs to overcome the $2.55 resistance barrier and flip it into a support level to have any chance at surging higher. Failing to do this could result in a retracement to the immediate support level at $2.40.

A resurgence of buying pressure at this floor could hold the key in restarting an upswing. Still, if the selling pressure pushes ADA to produce a decisive close below $2.40, it will invalidate the bullish thesis.

In such a case, investors can expect the so-called “Ethereum killer” to crash 8% and retest the support level at $2.21.

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Crypto Gainers Price Prediction: CRO, ZEC, FLOKI struggle to extend gains after double-digit rise

Crypto Gainers Price Prediction: CRO, ZEC, FLOKI struggle to extend gains after double-digit rise

Layer-1 cryptocurrencies Cronos (CRO) and Zcash (ZEC), alongside the meme coin Floki (FLOKI), recorded a double-digit rise on Tuesday, outpacing the market in 24-hour gains at press time on Wednesday. However, as the crypto gainers reach crucial resistances, momentum wanes, and the struggle to extend gains begins.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC holds ground while ETH and XRP eye further gains 

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC holds ground while ETH and XRP eye further gains 

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) present a mixed but optimistic outlook midweek as BTC holds steady while ETH and XRP show signs of renewed bullish momentum. The largest cryptocurrency by market capitalization is stabilizing at a critical support level as traders await a catalyst.

Cronos surges 20% on inclusion in Trump Media's Blue Chip ETF

Cronos surges 20% on inclusion in Trump Media's Blue Chip ETF

Crypto.com's native token Cronos (CRO) saw double-digit gains on Tuesday following Trump Media and Technology Group's (DJT) filing with the Securities & Exchange Commission (SEC) to launch a Blue Chip exchange-traded fund (ETF).

Bitcoin volatility drops to third-lowest level since 2012 amid rise in BTC treasury companies

Bitcoin volatility drops to third-lowest level since 2012 amid rise in BTC treasury companies

Bitcoin (BTC) trades above $108,000 on Tuesday following a steady decline in its volatility in the first half of the year, marking the third-lowest H1 volatility since 2012. The decline comes despite increased Bitcoin treasury adoption among publicly traded companies, with NYSE-listed Sequans Communications (SQNS) raising $384 million to fund its Bitcoin treasury.

Bitcoin: BTC ends Q2 with 30% gains, Standard Chartered eyes $200K by year-end

Bitcoin: BTC ends Q2 with 30% gains, Standard Chartered eyes $200K by year-end

Bitcoin (BTC) closed a strong second quarter (Q2), recording nearly 30% in quarterly gains amid rising corporate and institutional demand and bullish market sentiment.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

BTC

ETH

XRP