Will Cardano repeat its historic leap?

Despite the strong performance of the digital currency market in late 2024 and early 2025, Cardano (ADA) remains one of the less dynamic digital currencies compared to most major currencies.

Although many alternative digital currencies besides Bitcoin have managed to reach all-time highs, ADA is still far away from the all-time high achieved in 2021. It is still trading at more than 90% below its all-time high price, and has also fallen to the 15th place among the largest digital currencies by market capitalization according to “CoinGecko” data.

Despite the relative weakness, analysts believe the currency is holding on to key support levels that previously paved the way for strong price surges in previous sessions, including a surge of more than 200%.

Technical analyst Ali Martinez pointed to the $0.25 level as the main support point for Cardano.

According to his interpretation, the currency rebounded from this level in early 2023 after experiencing a significant wave of correction, subsequently rising by approximately 85% in a short period of time.

But the most significant rally occurred in September 2023, when the currency rose by more than 240% after successfully stabilizing above the same level.

Currently, ADA is trading above the $0.27 support, although it has faced selling pressure near $0.30 over the past few days.

Martinez sees a first price target of $0.36, with a larger medium-term target extending to $0.53, a level the currency has not hit in more than six months.

In the same context, the analyst known as “CW” noted that there has been a significant increase in long-term buying transactions in the Cardano futures market, which reflects the gradual improvement in investors’ risk appetite.

According to his analysis, the expansion of buying positions has actually helped support recent price movements and reduce negative pressure on the currency.

While Cardano is far from fully regaining its historical momentum, its persistence at current support levels and the return of derivatives market activity could signal the beginning of a gradual recovery phase, especially if liquidity continues to return to alternative currency markets in the period ahead.

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