Close Menu
maincoin.money
    What's Hot

    Sygnum Bank: The Launch of Global Bitcoin ETPs Has Begun

    October 20, 2025

    Dogecoin Set to Surge 25% Following Elon Musk’s DOGE Tweet

    October 20, 2025

    Ethereum Requires Paradigm and Venture Capitalists, Even Amidst Value Depletion: Joseph Lubin

    October 20, 2025
    Facebook X (Twitter) Instagram
    maincoin.money
    • Home
    • Altcoins
    • Markets
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
      • Regulation
    Facebook X (Twitter) Instagram
    maincoin.money
    Home»Bitcoin»Cardano Remains Green Despite Market Pullback, 70% Run Next?
    Bitcoin

    Cardano Remains Green Despite Market Pullback, 70% Run Next?

    Ethan CarterBy Ethan CarterAugust 15, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Cardano Remains Green Despite Market Pullback, 70% Run Next?
    Share
    Facebook Twitter LinkedIn Pinterest Email

    After hitting a new multi-month high, Cardano (ADA) has retraced alongside the rest of the market. Some analysts suggest that the cryptocurrency is ready to reclaim crucial resistance levels and hit new highs in the coming months.

    Related Reading

    Cardano Holds Crucial Support Despite Pullback

    On Thursday, Cardano experienced an 11% drop after surpassing the $1.00 barrier for the first time since March. ADA’s retracement was fueled by the crypto market’s pullback, which saw massive liquidations throughout the day.

    According to CoinGlass data, the crypto market saw over $1.05 billion in liquidations over the last 24 hours, driven by higher-than-expected macroeconomic signals. Notably, the PPI number revealed an annual headline inflation of 3.3%, way higher than the 2.5% forecast.

    Additionally, the US Treasury Secretary Scott Bessent revealed that the US government will not be purchasing additional Bitcoin for its Strategic Bitcoin Reserve (SBR), established by President Trump in March 2025. Instead, the US will stop selling its BTC holdings and continue to build up the reserve’s stash through confiscated assets.

    As a result, Bitcoin, which hit a new all-time high (ATH) of $124,128 on Wednesday night, retraced to the $117,000-$118,000 support zone, while the rest of the market turned red.

    Nonetheless, Cardano has gone against the current, becoming the only cryptocurrency in the top 50 list to remain in green despite the broader market pullback, with a 3.5% increase in the daily timeframe.

    In the last 24 hours, ADA has broken out of its local range, hitting a five-month high of $1.02 on Thursday morning. Amid the market drop, ADA held above its breakout level, hovering between the $0.89-$0.91 range over the past few hours, and it’s attempting to break out of its current levels.

    Cardano’s performance in the one-week chart. Source: ADAUSDT on TradingView

    ADA To Repeat Last Cycle’s Playbook?

    Analyst Ali Martinez noted that ADA has been trading within a descending channel since the Q4 2024 rally, which saw the cryptocurrency hit its multi-year high of $1.32 in December.

    During this period, Cardano has attempted to break out of the descending resistance twice, finally passing this barrier after surging above the $0.84 mark. To the analyst, a confirmed breakout from this level targets a 70% run to $1.50.

    Previously, Martinez suggested that ADA is showing the same price structure as the last cycle, but it’s more gradual. Other analysts have also noted that the altcoin appears to be repeating its 2020-2021 playbook.

    Crypto Yhodda highlighted that after hitting its 2018 high, Cardano saw an ABC corrective wave before consolidating within an ascending broadening wedge formation for two years.

    Cardano
    ADA’s performance resembles the last cycle’s price action. Source: Crypto Yhodda on X

    The cryptocurrency consolidated near the range-high after rejection from the pattern’s resistance in 2020, and before breaking out to its 2021 ATH of $3.09.

    This cycle, the altcoin has repeated the same movements, accumulating within the same pattern since 2022. Since being rejected from the ascending resistance in late 2024, ADA has been trading between the mid and high zones of this pattern.

    Related Reading

    To the analyst, Cardano is ready to climb again to the formation’s resistance, around the $1.80 area, and break out to new highs.

    As of this writing, ADA is trading at $0.90, a 20% increase in the weekly timeframe.

    Featured Image from Unsplash.com, Chart from TradingView.com

    Cardano Green Market Pullback Remains Run
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar photo
    Ethan Carter

      Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

      Related Posts

      Sygnum Bank: The Launch of Global Bitcoin ETPs Has Begun

      October 20, 2025

      CleanSpark Stocks Climb 13% Following Bitcoin Miner’s AI Growth

      October 20, 2025

      Bitcoin ETFs experience $1.2 billion withdrawal despite a potential $600 billion influx on the horizon.

      October 20, 2025
      Bitcoin

      Sygnum Bank: The Launch of Global Bitcoin ETPs Has Begun

      By Ethan CarterOctober 20, 20250

      Sure! Here’s the rewritten content with the HTML tags preserved: The UK’s green light for…

      Altcoins

      Dogecoin Set to Surge 25% Following Elon Musk’s DOGE Tweet

      By Ethan CarterOctober 20, 20250

      Key takeaways:Dogecoin (DOGE) increased by 2.5% to $0.20 as the focus shifted to Elon Musk’s…

      Regulation

      Ethereum Requires Paradigm and Venture Capitalists, Even Amidst Value Depletion: Joseph Lubin

      By Ethan CarterOctober 20, 20250

      Joseph Lubin, co-founder of Ethereum and founder of Consensys, emphasized the crucial role of venture…

      Ethereum

      Decentralized Science Will Integrate Brain Data onto the Blockchain

      By Ethan CarterOctober 20, 20250

      Opinion by: Andreas Melhede, co-founder of Elata BiosciencesNeuralink’s first-ever brain implant is making science fiction…

      Recent Posts
      • Sygnum Bank: The Launch of Global Bitcoin ETPs Has Begun
      • Dogecoin Set to Surge 25% Following Elon Musk’s DOGE Tweet
      • Ethereum Requires Paradigm and Venture Capitalists, Even Amidst Value Depletion: Joseph Lubin
      • Decentralized Science Will Integrate Brain Data onto the Blockchain
      • Dogecoin Targets 25% Surge Following Elon Musk’s DOGE Tweet

      At MainCoin.Money, we cover everything from Bitcoin and Ethereum to the latest trends in Altcoins, DeFi, NFTs, blockchain technology, market movements, and global crypto regulations.

      Whether you’re a seasoned investor, a blockchain developer, or just curious about digital assets, our mission is to make crypto news accessible and reliable for everyone.

      Facebook X (Twitter) Instagram Pinterest YouTube
      Top Insights

      Sygnum Bank: The Launch of Global Bitcoin ETPs Has Begun

      October 20, 2025

      Dogecoin Set to Surge 25% Following Elon Musk’s DOGE Tweet

      October 20, 2025

      Ethereum Requires Paradigm and Venture Capitalists, Even Amidst Value Depletion: Joseph Lubin

      October 20, 2025
      Get Informed

      Subscribe to Updates

      Get the latest creative news from FooBar about art, design and business.

      Facebook X (Twitter) Instagram Pinterest
      • About Us
      • Contact us
      • Privacy Policy
      • Disclaimer
      • Terms and Conditions
      © 2025 maincoin.money. All rights reserved.

      Type above and press Enter to search. Press Esc to cancel.