Cardano Just Flashed a Major Signal – Here’s What It Means for ADA's Price

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Cardano has climbed 1.3% in the past 24 hours, holding steady above the $0.70 level as bulls attempt to regain control following the downtrend that began on March 2.

Trading volumes have declined by 26.6%, signaling reduced volatility, while sentiment has improved slightly, with the Fear and Greed Index rising from 15 to 19.

Although the market remains in extreme fear, this shift suggests that ADA may have reached a temporary bottom, with buyers stepping in to accumulate at lower prices.

Crypto trader Ali Martinez has emphasized the importance of Cardano holding above $0.80, noting that a successful breakout above $1.20 could pave the way for a long-term rally toward $10.

#Cardano $ADA remains positioned for a potential surge toward $10, provided it maintains support above $0.80 and successfully breaks through the key $1.20 resistance! pic.twitter.com/qtstL8MwwB

— Ali (@ali_charts) March 8, 2025

ADA Eyes Key Resistance at $0.763 – Will Bulls Break Through?

ADA has lost 12.6% since the beginning of the year but has shown resilience compared to other major tokens.

Solana and Ethereum have suffered more significant declines of 33.6% and 42.7%, respectively, highlighting ADA’s relative strength.

On March 2, Donald Trump released a list of cryptocurrencies considered for the U.S. digital asset stockpile, with Cardano making a surprise appearance.

However, Trump’s subsequent executive order limited the reserve to assets the U.S. government already holds, eliminating any immediate plans for additional acquisitions.

ADA initially surged on the news but quickly retraced, finding support at $0.640—the level it held before Trump’s announcement.

Now, ADA is retesting a critical resistance level at $0.763. A decisive breakout above this mark is needed to reverse its current downtrend and prevent another steep decline.

Cardano has also flashed a major bullish signal, forming a higher low on the daily chart. This pattern suggests growing buying pressure, and if ADA breaks above $0.763, it could confirm a trend reversal and signal the start of a broader recovery.

Momentum indicators remain mixed, suggesting market indecision. However, a breakout could trigger a 15% rally, based on the size of the price channel.

Solaxy (SOLX) Presale Nears $26M as Investors Look for High-Potential Alternatives

Solaxy is a layer-two scaling solution for Solana, designed to reduce congestion and prevent network failures during periods of high transaction demand.

During the January meme coin frenzy, Solana’s mainnet suffered delays and transaction errors as volumes spiked. Solaxy aims to solve these issues by bundling transactions off-chain, improving efficiency.

The project’s native token, SOLX, is expected to see significant demand once the network launches, especially as more DeFi applications and meme coins migrate to Solaxy for faster, cheaper transactions.

At its current presale price of $0.00166, SOLX presents a compelling entry point for investors ahead of its expected exchange listing.

To buy SOLX, visit the Solaxy website and connect your wallet, such as Best Wallet.

You can acquire SOLX by swapping SOL, USDT, or ETH, or by purchasing with a bank card before the presale ends.

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