YEREVAN (CoinChapter.com)
—On March 25, 2025, Cardano (ADA) is testing a key resistance level after forming an ascending triangle pattern on the 4-hour chart. The price is trading near $0.756, with a potential breakout target of $0.882, based on the measured move projection in the chart.
The Exponential Moving Averages (EMA) indicate growing bullish momentum. The 50 EMA (red) at $0.724 is acting as support, while the 200 EMA (blue) at $0.756 is being tested as resistance. A clear close above this level could confirm the breakout, leading to further upside movement.
The Relative Strength Index (RSI) at 66.46 suggests ADA is approaching overbought conditions, but there is still room for additional gains. Volume levels show increasing buying activity. This could support further price movement. If ADA fails to break out, a pullback toward the ascending trendline near $0.70 remains a possibility before another attempt at higher levels.
Analyst Says ADA Rally Could Follow Previous Patterns
Crypto analyst CW (@CW8900) believes Cardano (ADA) is still in a strong rally, following a historical price pattern that suggests more upside. In a recent post, he shared a chart showing ADA moving within an ascending channel. This is a formation that has previously led to significant price increases. According to the analyst, if this trend continues, ADA could climb above the middle line of the channel and push toward the upper boundary, signaling further bullish momentum.
The chart indicates that ADA has repeated similar movements in past cycles, where price consolidations within the channel eventually led to strong breakouts. The current setup resembles previous bullish phases. This is making traders speculate whether the pattern will hold. While technical indicators point toward potential gains, external market conditions will play a crucial role in determining the price trajectory.
Despite the optimistic outlook, ADA’s movement remains dependent on overall crypto market trends and resistance levels ahead. A shift in momentum could disrupt this pattern. This would lead to a retest of lower support levels before another attempt at an upward move. For now, CW’s analysis suggests that Cardano’s rally may not be over yet, as long as it maintains its position within the rising channel.
Charles Hoskinson Pushes Back Against Scam Allegations
While ADA’s price movements remain a key focus, discussions around Cardano’s legitimacy have resurfaced. Charles Hoskinson has responded to growing criticism that questions the legitimacy of the project. He dismissed claims that Cardano is a scam. He highlighted its long-term development and real-world progress. Since its launch in 2015, Cardano has built a $26 billion ecosystem and published 240 research papers. Cardano has also developed millions of lines of code to strengthen its blockchain network.
Hoskinson also pointed to Cardano’s proof-of-stake protocol and Plutus smart contracts as key innovations that set it apart. He argued that the project’s longevity and continuous advancements prove its credibility. Hoskinson challenges critics to justify their accusations. While the debate continues, Cardano remains one of the most actively developed blockchain platforms.