TLDR

• Cardano is currently trading around $0.66, down from recent levels
• Price action mirrors consolidation pattern seen in August-September 2024
• Analysts predict potential rally to $2.50 in May if pattern holds
• Whales have accumulated 240 million ADA tokens in the past week
• Technical indicators show oversold conditions with key support at $0.65

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Cardano (ADA) has been experiencing a period of consolidation that experts believe could lead to a significant price rally in the coming months. Currently trading at around $0.66, the cryptocurrency’s price action appears to be following a pattern similar to what occurred in 2024, giving investors hope despite recent downward pressure.

The third-largest cryptocurrency by market cap has fallen approximately 3.5% in the last 24 hours, with trading volume declining over 20% to $517.32 million. Despite this short-term dip, on-chain data and historical patterns suggest a potential reversal on the horizon.

Cryptocurrency analyst Master Kenobi has identified striking similarities between ADA’s current behavior and its price movements from Q3 2024. Last year, Cardano experienced a steep correction in early August before entering a lengthy consolidation phase that eventually led to a rally.

💡 ADA is currently in a consolidation phase that resembles its behavior from August–September 2024.
Since the dip on August 5, it hasn’t recorded a new low—just as it hasn’t now, following the dip on February 3.

If this pattern holds, May could bring a massive pump,… pic.twitter.com/bz5VlUEsKQ

— Master Kenobi (@btc_MasterPlan) March 30, 2025

This year’s pattern bears a close resemblance. Following a dip to $0.49 in early February, ADA has been consolidating without recording new lows. “ADA is currently in a consolidation phase that resembles its behavior from August-September 2024,” noted Master Kenobi on social media platform X.

If history repeats itself, May could be a pivotal month for Cardano investors. Master Kenobi predicts that following this consolidation phase, ADA might experience “a massive pump, potentially pushing the price toward $2.5.”

Supporting this bullish outlook is increased whale activity in the Cardano ecosystem. According to data shared by analyst Ali Martinez, large investors have purchased 240 million ADA tokens in the past week alone.

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Whales have bought 240 million #Cardano $ADA in the past week!

Go to @SimpleFXcom via my link https://t.co/ChoFIwHYeX, claim all the cash bonuses, and buy like a whale before the pump. pic.twitter.com/VZV4iFvNOj

— Ali (@ali_charts) March 25, 2025

Data from Santiment reveals that total whale holdings now stand at an impressive 3.27 billion ADA. This level of accumulation often precedes major price movements, as large holders typically increase their positions ahead of anticipated market shifts.

Technical Analysis

From a technical standpoint, Cardano is currently struggling beneath the key psychological resistance of $0.70. The Relative Strength Index (RSI) sits at 37.49, indicating oversold conditions that could potentially trigger a bounce.

However, the Moving Average Convergence Divergence (MACD) shows a negative crossover at -0.0183, suggesting continued selling pressure in the short term. This mixed technical picture highlights the importance of key support and resistance levels in determining ADA’s next move.

Immediate support for Cardano rests at $0.65, with stronger support near $0.58 if selling pressure intensifies. On the upside, ADA faces resistance at $0.70, with a more robust barrier around $0.75.

The current pivot point at $0.68 represents a critical zone that could determine the short-term trend direction.

Analyst Mosesifunanya advises traders to remain cautious, suggesting bearish positions below $0.65 and bullish entries only after a confirmed break above $0.70.

For long-term Cardano believers, the current price levels may represent an accumulation opportunity. Some investors are eyeing ambitious targets like $10, though experts caution that such a journey would likely include multiple corrections along the way.

Cardano’s on-chain activity continues to show signs of health, with steady transaction volume and an increasing number of transactions. This growing network utility has historically been a positive indicator for ADA’s long-term price performance.

As Cardano continues its consolidation phase, the coming weeks will be crucial in determining whether the historical pattern highlighted by analysts will indeed play out again. With whales accumulating and technical indicators showing potential for a reversal, many investors are watching May 2025 with anticipation.

Derivatives data shows diminishing speculative interest, with open interest in Cardano futures dropping 4.54% to $771.41 million. Recent liquidations have totaled $3.19 million in the last 24 hours, with $3 million coming from long positions.