{"id":20416,"date":"2025-03-29T18:30:00","date_gmt":"2025-03-29T18:30:00","guid":{"rendered":"https:\/\/cryptd.in\/cardano-price-to-0-77-adas-potential-path-to-recovery\/"},"modified":"2025-03-29T18:30:00","modified_gmt":"2025-03-29T18:30:00","slug":"cardano-price-to-0-77-adas-potential-path-to-recovery","status":"publish","type":"post","link":"https:\/\/cryptd.in\/id\/cardano-price-to-0-77-adas-potential-path-to-recovery\/","title":{"rendered":"Cardano Price To $0.77? ADA\u2019s Potential Path To Recovery"},"content":{"rendered":"<p>The Cardano price has been on a slow roll lately, falling out of its $0.7 \u2013 $0.8 range over the past week. However, a crypto analyst has emerged with a bullish projection, expecting the altcoin to recover in the\u00a0coming days.<\/p>\n<h2><strong>How ADA Price Can Reclaim $0.77<\/strong><\/h2>\n<p>In a video posted on the X platform, popular crypto analyst Ali Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/1905697397713346730\" target=\"_blank\" rel=\"noopener nofollow\">shared<\/a> an exciting analysis of the Cardano price, putting forward a short-term target for the altcoin. According to the online pundit, the ADA token is trading at a critical support level and could be on its way to $0.77 over the next few days.<\/p>\n<p>This bullish projection is based on the formation of a horizontal channel pattern for the ADA price on the 3-hour timeframe. This channel is characterized by two major boundaries with at least four contact points, including two connecting lows and two connecting swing highs.<\/p>\n<p>Typically, the upper boundary where the pivot highs form represents the resistance for the asset\u2019s price while the lower channel trendline acts as the support cushion. A <a href=\"https:\/\/www.newsbtc.com\/altcoin\/pi-coin-sinks-47-in-14-days-whats-behind-the-massive-drop\/\" target=\"_blank\" rel=\"noopener \">sell signal<\/a> goes off when the asset\u2019s price hits the top of the horizontal channel, while traders tend to buy when the price is at the channel\u2019s lower boundary.<\/p>\n<p>According to Martinez, the Cardano price has fallen into a horizontal channel since mid-March, trading within the $0.69 \u2013 $0.77 range. As shown in the chart below, the price of ADA is hovering around the support cushion (the lower boundary) at the $0.69 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-720686 size-large\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-29-at-10.16.01.png?w=519&amp;resize=519%2C860\" alt=\"Cardano price\" width=\"519\" height=\"860\" loading=\"lazy\" \/><\/p>\n<p>Using the earlier logic, the Cardano token seems to be at a perfect buying spot, with the price currently at the channel\u2019s lower trendline. Typically, when the asset\u2019s price is at the bottom of the <a href=\"https:\/\/www.investopedia.com\/terms\/h\/horizontalchannel.asp#:~:text=A%20horizontal%20channel%20or%20sideways,of%20price%20action%20is%20sideways.\" target=\"_blank\" rel=\"noopener nofollow\">channel<\/a>, it tends to bounce back toward the upper trendline.<\/p>\n<p>Martinez noted that if the $0.69 support level holds, the Cardano price could make a bullish run toward the $0.77 mark. This rebound toward the upper boundary would represent an over 12% move from the current price point.<\/p>\n<h2><strong>Cardano Price Overview<\/strong><\/h2>\n<p>As of this writing, the <a href=\"https:\/\/www.newsbtc.com\/news\/cardano\/behind-cardano-15-correction-heres-how-much-ada-whales-sold\/\" target=\"_blank\" rel=\"noopener \">price of ADA<\/a> stands at around $0.685, reflecting an over 2% decline in the past 24 hours. While the altcoin seemed to be recovering nicely early in the week, it has witnessed a deep retracement toward its March lows.<\/p>\n<p>According to data from CoinGecko, the Cardano price is down by nearly 4% in the past week. This sluggish weekly performance underscores the altcoin\u2019s outlook over the past few months, with the ADA token seemingly moving farther away from the psychological $1 level.<\/p>\n<p><img decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/uskwj135\/\" alt=\"Cardano price\" width=\"2250\" height=\"1432\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>The Cardano price has been on a slow roll lately, falling out of its $0.7 \u2013 $0.8 range over the past week. However, a crypto analyst has emerged with a bullish projection, expecting the altcoin to recover in the\u00a0coming days. How ADA Price Can Reclaim $0.77 In a video posted on the X platform, popular [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cardano Price To $0.77? 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