Cardano (ADA) has returned to the spotlight after climbing to the 13th position among cryptocurrencies by market capitalization, moving ahead of Chainlink, Canton, and Monero.
The milestone comes at a time when the digital asset is facing one of its most important technical tests in years, with the price sitting at a long-term support zone that could determine its next major move.
Everstake saw Cardano’s most recent ranking as yet another significant milestone in the blockchain’s progress.
The staking platform mentioned how, despite hard market conditions, Cardano is continuing to make progress, and it has started to become visible in its market standing. The update also praised the Cardano team for working through multiple market cycles.
Source: CoinMarketcap
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Cardano Tests a Long-Term Support Zone
The market capitalization of Cardano has increased, but there is some reserve about its price action. According to crypto trader Ulimae, the ADA price is fluctuating in the area that used to be a reliable support zone in 2020.
The recent price range between $0.145 and $0.150 has become the key one after many months of continuous declines.
The ADA price experienced a surge in 2021, but then entered a prolonged period of decline, during which there were a few attempts at recovery until 2024 and even 2025.
The current drop is taking the coin price down to a historical demand area where the buying interest was previously observed.
Source: X
However, Ultimae predicted that falling below the $0.14 level would weaken the position of Cardano and allow the downward trend to continue.
The return of prices to the $0.20-$0.24 level will only be possible through the defense of these levels by buyers, along with good performance on the part of Bitcoin.
Key Support Will Decide ADA’s Next Move
Even if Cardano begins to recover, several technical barriers remain before the long-term picture changes. The initial resistance levels are in the vicinity of $0.24 and later in the region of $0.32.
A more robust resistance level ranges from $0.55 to $0.60, and the next one is found at $0.72. The price exceeding the level of $1.18 will be seen as a sign of a positive trend change. Currently, the ADA remains under all key moving averages.
Cardano’s fate at the moment depends on how buyers will react to the current support level at $0.145. Holding this level can give rise to a potential rebound towards stronger resistance levels. On the other hand, a breakdown of this former support will put the coin under further pressure.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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