- ADA surged by 64% after the market crashed.
- Cardano could be positioned for more gains as the network adoption grows.
Over the past day, as the market recovered following Trump’s tariffs crash, Cardano [ADA] made a strong upswing.
Over this period, Cardano spiked from $0.50 to a local high of $0.82 hiking by 64%. With these gains, ADA was able to reclaim its critical support level of $0.7.
In fact, as of this writing, Cardano was trading at $0.73. This marked a 7.17% increase on daily charts. Prior to this price recovery, ADA had been on a downward trajectory, dropping by 21.93% on weekly charts.
Amidst this, it shows that demand for the altcoin among investors is still high as investors remained optimistic.
The question that arises is whether ADA can maintain these gains and make a considerable upward movement.
Can Cardano maintain recent gains?
According to AMBCrypto’s analysis, Cardano was experiencing strong buying pressure at press time, as the upward momentum started to build.
Source: Tradingview
We can see this buying pressure as Chaikin Money Flow (CMF) spiked from negative territory to 0.11 over the past day. This showed that buy volume was outpacing selling, suggesting increased accumulation.
As such, when the altcoin declined, buyers turned to buying the dip.
Source: Messari
Looking further, Cardano’s 90-day Adjusted RVT declined to 1.39 at press time, showing that more ADA was being transacted on-chain relative to its market cap, reflecting bullish sentiment.
This drop implied that the Cardano network was experiencing high activity levels, signaling growing adoption and increased accumulation.
Source: Messari
This bullishness and increased accumulation was further evidenced by a declining NVT ratio, which had dropped to 1.4.
When this drops, combined with an RVT above 1 and below 2, it signals a higher adoption rate and growing network activity.
Source: Messari
Finally, Cardano’s Funding Rate (weighted volume) has turned positive over the past day after dipping into negative territory following the crash.
This recovery in Funding Rate suggests that investors were now increasingly bullish as they had started to pay a premium fee to hold their trades, anticipating prices to rebound.
What next for ADA?
As observed above, Cardano was experiencing a strong upward momentum. With the recent price movement, if the Stoch RSI finally makes a crossover, it will validate and confirm the continuation of the uptrend.
Read Cardano’s [ADA] Price Prediction 2025–2026
Therefore, with ADA strongly holding above $0.7, its next significant resistance is around $0.8. If the momentum built over the past day holds, the altcoin will breach it, and attempt $0.96.
However, with the altcoin experiencing high volatility, a correction could see ADA drop to its critical support level of $0.701.
