Is $ADA Set for More Upside After Holding 20-Week MA?

Key Points

• ADA holds above $0.74–$0.98 support with resistance near $1.00
• ADA/ETH projects 350% upside after confirming a bottom
• Snekdotfun surpasses 69M ADA trading volume, boosting ecosystem activity

Cardano (ADA) is trading at $0.89 while holding strong above its 20-week moving average on USD and BTC charts. On the USD pair, ADA maintains crucial support between $0.74 and $0.98, reinforcing the case for bullish continuation.

Analysts suggest this structure could mark the early stages of a new upward cycle. If momentum extends, ADA may attempt to reclaim the $1.00 psychological resistance, which historically acts as a key level.

Relative Strength Improves Against Bitcoin and Ethereum

The ADA/BTC chart shows a trend reversal after bouncing from 0.00000780 BTC, with 0.00001536 BTC as the next resistance. This upward shift suggests Cardano is regaining strength relative to Bitcoin after prolonged weakness.

Meanwhile, the ADA/ETH pair appears to have bottomed near 0.0002016 ETH. Projections point toward 0.0009227 ETH, indicating a potential 350% upside if the recovery trend holds.

Market Positioning and Ecosystem Growth Support Upside Case

Long positions are outperforming shorts as ADA continues to strengthen. A $4.45 million long entry at $0.7475 is now showing a 15.92% unrealized gain.

By contrast, a $3.20 million short entered at $0.7098 is posting a 20.16% unrealized loss. This divergence highlights how bullish traders are being rewarded while bearish bets remain under pressure.

Seasonality also supports optimism, as Q4 historically delivers strong ADA gains. The asset surged 137.58% in Q4 2023 and 35.25% in Q4 2024, despite slower momentum.

Ecosystem activity is also growing, with Snekdotfun surpassing 69 million ADA in total trading volume. This milestone underlines increasing participation within Cardano’s on-chain environment, providing additional strength to the bullish outlook.