- Cardano’s search volume ramped up at the start of March, leading to speculations that the price would surge higher.
- A higher volume and MACD crossover pattern indicates likely accumulation by traders.
- Cardano retraces back to the Feb 2021 price range, long-term holders are now at a break-even point.
Cardano (ADA) is back in the limelight due to a sudden rise in global search trends that are associated with a breakout in the market. Recently, the market commentator “Angry Crypto Show” noted that ADA’s Google search intensity looks exactly the same as on November 2, 2021, which preceded a nearly 300% from $0.36 to $1.14 within weeks.
However, further analysis showed that the rise in search interest took place in early March 2025 when ADA was floating above $ 0.75. After that the search term stabilized, to match the downward trend of the token’s price in the past month.
However, the uptick in Cardano’s exposure is backed by improvements within its ecosystem. On 12th April, Cardano’s founder Charles Hoskinson, stated that it has taken over ten years, but the network is now fully decentralized. This resulted in the successful adoption of the Voltaire governance framework, which enhanced Cardano’s standing in the blockchain market.
Additionally, recently the IOHK product manager disclosed that their platform handled 15.5 billion transactions during a single day which exceeds the daily limit of the world’s leading payment company Visa. The technical excellence shown by Cardano demonstrates its capability, but its price movement depends mainly on market emotions and investor market reactions.
ADA Price Stability Hints at Accumulation
As of this writing, Cardano’s price is at $0.6536, which is 2.40% higher than it was yesterday. Notably, in the last week, the token has risen by 18.17%, taking its market cap to $22.77 billion. The trading volume also increased to $718 million, a 3.18% rise from the previous year.
Technical indicators on the daily chart provide mixed signals. The Relative Strength Index (RSI) is currently at 48.58, which remains mostly neutral but has a slight upward direction. The MACD chart reveals a slight bullish breakout in the oscillator, with the MACD line at 0.00634 above the signal line of 0.0244.
Renowned Crypto analyst Ali Martinez noted that the key support line for ADA is $0.63. He stated that if it declines below this level, it may further decline to head towards $0.54. On the other hand, if the price moves above support and this is backed by increasing volumes, it may mean some traders are preparing for a rally.
Cardano’s Long-Term Performance Raises Questions
Cardano’s current trading range also reflects its historical stagnation. Analyst Jesse Olson pointed out that ADA has come back to the prices it was at only in February 2021 — more than 1,500 days ago. Although ADA has witnessed several hikes and dumps in this period, it has not seen a new high in the present cycle of the market.
Olson’s analysis points to the challenges of long-term holding strategies in the volatile crypto market. ADA’s recent periods of market stabilization have recouped the initial investment capital for those who entered the market during its significant price increases.
