Cardano news: Ada course shows signs of a significant course-is there a general Altcoin Revival?
- Cardano has increased 13% in a week, with the technical data after overcoming the resistance at $ 0.77 indicating a stronger outbreak.
- Analysts even debate the possibility of an upcoming old season. Some see the strong ADA dynamics as an upcoming trend, others warn of the economic headwind and lack of liquidity.
Cardano (ADA) shows strength again in the middle of a wider Altcoin rally and nourishes hope for a continued upward trend. The token has increased by more than 13 % in the last seven days and is traded above its sliding 50-day average (50dMA), which is currently $ 0.6880, as data show.
The upward dynamics show the better mood in the market, which was largely triggered by the strong outbreak of Bitcoin over $ 93,000, a level that has not been reached since the beginning of March.
Since Bitcoin is gaining tensile force, many old coins also get buoyancy. As CNF reported, the ada course development has attracted the attention of the technical analysts, which lead the recent outbreak from a pennant formation as a bullish signal.
Analyst Ali Martinez recently pondered that ADA could move towards the $ 0.77 mark if the current trends last. However, a more critical test is between $ 0.75 and $ 0.77, including the 200dMA. If ADA convincingly overcomes this area, it could find the way to the highest stalls over $ 1.10 from the beginning of March.
#Cardano $ADA is breaking out. $0.77 next! https://t.co/f8jr43lPOi pic.twitter.com/3FcMcR7ysT
— Ali (@ali_charts) April 22, 2025
New old coin season? Many analysts and many opinions
While Cardano’s latest performance has triggered optimistic forecasts, the broader discussion about the possible start of an old season remains shared. There are predictions from one up to ten ADA course increase to $ 7 at the end of the decade. Behind it is the conviction that the favorable political and regulatory development has just begun to a cheap environment for cryptocurrencies in the United States.
Others believe that the currently poor kunjunst is still unfavorable for an extensive altcoin rally. It is said that increasing inflation and a tense political environment around the Federal Reserve Bank hold the trade from investing money in risky assets such as ADA.
An analyst called “Viktor”, emphasizes that, despite Bitcoin’s recent increase, old coins are still in a structural bear market, which caused him to increase short positions to several tokens.
I’ll start to add more altcoin shorts from $88k to $92k
Altcoins remain in a bear market and the fact that all the altcoin top performers today are absolute dogshit confirms it
Current positioning remains long BTC / short altcoins with a small net long exposure in notional…
— VIKTOR (@thedefivillain) April 21, 2025
The signals are currently contradictory. On the one hand, a weak dollar has increased the willingness to take risks in some investment classes. On the other hand, the high interest rates and the cautious policy of the central bank keep the liquidity of chess. The returns for US bonds are still high, and the stock markets have not yet completely recovered from the latest break-in.
All of this is in blatant contrast to the previous year, when an oversupply of liquidity and tax incentives for the sector led to explosive growth in almost all areas of the cryptom market. Many experts believe that similar growth, at least the kind of growth that can be observed in old coins, are not to be expected without similar support.
Interestingly, Ada broke well in the short perspective. A movement of $ 0.75- $ 0.77 will probably further improve the positive situation, although failure of the breakthrough above this level will probably lead to a sidewayed consolidation or a sale. Cardano is well positioned, but a veritable old coin season requires an overall cheaper macroeconomic environment.
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