Is Cardano About to Ride That Bitcoin Wave or Just Take a Swell Dive?

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  • Looks like ADA’s been sulking in the dumps all year, but some fancy gizmos say she’s hit bottom – finally!
  • Cardano’s been awfully cozy with Bitcoin lately, like two steamboats chugging side by side—could mean big things if they keep the pace.

As we fix our binoculars on the coming altseason circus for the 2025 crypto jamboree, Cardano (ADA) saunters into the ring like a hopeful contender. Thanks to those big city folks with their fancy wallets and the ever-flowing river of global cash, ADA’s been strutting a dance closely resembling that of Dogecoin (DOGE) and its merry band of altcoin misfits.

This big-shot altcoin, boasting a heady valuation of some $31.8 billion (big number, right?) and boasting a daily trading frenzy of about $913 million, managed to scamper up about 14% in the past week to settle near $0.7092 come Monday afternoon in North America — where they’re wise enough to trade while the coffee’s still fresh.

Why Did ADA Get So Peckish for Gains?

Looking at the market crystal ball through Intotheblock’s spectacles, Cardano’s movements have been spookily in sync with Bitcoin’s tunes, scoring a near-perfect 0.87 correlation dance in the last month. Now, since Bitcoin is trying to bust through that pesky $95,000 party line, ADA’s just prancing behind, ready to leap with it.

After ex-President Donald Trump, in his usual wisdom on Truth Social, gave the green light to buy on April 9, Cardano’s futures open interest swelled from $603 million to about $802 million—sort of like a gumbo pot getting richer by the minute.

Midterm Dreams for ADA

If you’re the type to trust a technical fortune teller, Cardano’s following the same ol’ script as DOGE did back in the heady days of 2017. And you better believe, that first big roar for altcoins came just about springtime – second quarter, to be exact.

#Cardano $ADA is standing at the edge of a major test at $0.74. Cross that bridge and it’s a hop, skip, and a jump to 88 cents.

— Ali (@ali_charts) April 28, 2025

Peering over a three-day window, ADA’s been caught in a symmetrical falling channel, like a horse with blinders only seeing the ground. But if the stubborn critter breaks free and consistently closes above that $0.74 fence, Alan Martinez (our crypto oracle) predicts a healthy gallop toward 88 cents. Hold onto your hats, folks—this train might just pick up steam soon! 🚀🤣

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2025-04-28 23:41