Cardano price inched up on Tuesday, retesting the $0.600 mark. The crypto coin’s performance mirrored the broader market performance in the last 24 hours, underlined by Bitcoin’s return to the $80k mark. However, ADA seems to have hit a snag at the $0.600 mark, having formed a long wick slipped to $0.585 as of this writing.
Nonetheless, it was still up by 0.1% on the daily chart and its 24-hour trading volume is up by 36%, signaling strong buying appetite. That could provide support for the ADAUSD pair and help it reclaim the $0.600 level.
While Cardano price has been on a steep nose dive in 2025, with its year-to-date returns at -30.8%, the coin outperformed both Bitcoin and Ethereum in monthly institutional inflows in March. Bitcoin recorded $829 million worth of net outflows, Ethereum had $370 million flow out of its ecosystem, while ADA had a net positive inflows of $63.3 million as of March 29, as reported by Coinshares .
Meanwhile, according to Coinanalyze data, the value of ADA Futures contracts rose by 5.61% in the last 24 hours to $8.31 million. That signals strong investor confidence in Cardano price performance in the future. However, ADA’s Money Flow Index (MFI) has declined in the last three days from 43 to 17 in the last three days, signaling weakening buying momentum. A continuation of that trajectory could see ADA price slip further down.
Cardano Price Prediction
The momentum on Cardano price signals that the coin is likely to follow the downward trajectory if resistance stays at $0.607. The ADAUSD will find its initial support at $0.560. Breaking below that level will open the pathway for the coin to potentially go lower and test $0.520.
Conversely, breaking above $0.607 will shift the momentum to the upside. That move will likely meet the first resistance at $0.640. Breaking above that level will invalidate the downside narrative. Also, an extended control by the buyers could extend gains to test $0.680.
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