After Forming Ascending Triangle Pattern, Cardano (ADA) Tests Key Resistance Level

On March 25, 2025, Cardano (ADA) is testing a key resistance level after forming an ascending triangle pattern on the 4-hour chart.

YEREVAN (CoinChapter.com) – On March 25, Cardano (ADA) was testing a key resistance level as it formed an ascending triangle pattern on the 4-hour chart. The price is now trading at $0.756, and if it breaks out of the resistance, it could reach a potential breakout target of $0.882, according to the measured move projection in the chart.

The Exponential Moving Averages (EMA) are showing increasing bullish momentum. The 50 EMA (red) is providing support at $0.724, while the 200 EMA (blue) is being tested as resistance at $0.756. A clear close above this level could confirm the breakout, leading to further upside movement.

The Relative Strength Index (RSI) at 66.46 suggests that ADA is approaching overbought conditions, but there is still room for additional gains. Volume levels are also showing increasing buying activity, which could support further price movement.

If ADA fails to break out, it could pullback towards the ascending trendline around $0.70 before making another attempt at higher levels.

Analyst Says ADA Rally Could Follow Previous Patterns

Crypto analyst CW (@CW8900) observed that Cardano (ADA) is still in a strong rally, following a historical price pattern that suggests more upside. In a recent post, CW shared a chart of ADA, highlighting its movement within an ascending channel—a formation that has previously led to significant price increases.

According to CW, if this trend continues, ADA could climb above the middle line of the channel and push toward the upper boundary, signaling further bullish momentum.

The chart indicates that ADA has repeatedly performed similar movements in past cycles, where price consolidations within the channel eventually led to strong breakouts. The current setup strikingly resembles previous bullish phases, making traders speculate whether the pattern will hold.

While technical indicators point toward potential gains, external market conditions will play a crucial role in determining the price trajectory. Despite the optimistic outlook, ADA’s movement remains dependent on overall crypto market trends and the resistance levels it needs to overcome. A shift in momentum could disrupt this pattern, leading to a retest of lower support levels before another attempt at an upward move.

For now, CW’s analysis suggests that Cardano’s rally may not be over yet, as long as it manages to stay within the rising channel and maintain the positivity of the technical indicators.

Charles Hoskinson Pushes Back Against Scam Allegations

As discussions around Cardano’s legitimacy continue, Charles Hoskinson responded to criticism regarding the project’s status. Expressing his irritation, Hoskinson refuted claims that Cardano is a scam. Instead, he highlighted the project’s long-term development and real-world progress.

Since its launch in 2015, Cardano has built a $26 billion ecosystem and published 240 research papers. The project has also developed millions of lines of code to strengthen its blockchain network.

Moreover, Hoskinson pointed out Cardano’s unique features, such as its proof-of-stake protocol and Plutus smart contracts, which set it apart from other cryptocurrencies. He challenged critics to present any evidence to support their accusations.

Despite the ongoing debate, Cardano remains one of the most actively developed blockchain platforms, and its true potential may still be unfolding.