Cardano reaches $0.43 once more, but can ADA make a breakthrough now?
Cardano’s market price is currently stabilizing around $0.43 following a significant increase in value within a 24-hour period. The coin has maintained its position as the ninth-largest cryptocurrency in terms of market capitalization, showing resilience above the $0.40 mark. This recent surge to $0.43 has reignited positivity among investors, hinting at a potential uptrend in the near future.
Achieving a substantial breakthrough above $0.50 will likely depend on broader market conditions, including the performance of Bitcoin and the flow of funds into alternative coins. Conversely, a decline in risk appetite or increased selling pressure across major cryptocurrencies could impede ADA’s upward momentum. Traders are closely monitoring the intraday movements of Cardano to determine whether the current uptrend can lead to a more substantial breakout.
On December 3, 2025, Cardano experienced a notable surge of over 10%, with the majority of gains occurring within a 12-hour period alongside other leading cryptocurrencies like Solana, Sui, and Ethena. ADA’s price rose from a low of approximately $0.398 to a peak of $0.446 on major exchanges, accompanied by a significant increase in trading volume, reflecting renewed interest from investors. This resurgence aligns with the overall positive sentiment in the cryptocurrency market, fueled by growing institutional adoption and inflows into Bitcoin ETFs.
Despite the recent recovery, various technical challenges must be addressed before a sustainable bullish trend can be confirmed. Cardano remains within a descending channel established since hitting a local peak near $0.89 in October 2025. The coin is trading below the middle point of this channel, with the upper boundary currently ranging between $0.465 and $0.48. Additionally, ADA is facing resistance from the 50-day exponential moving average (EMA) around $0.53. A definitive daily close above $0.48 is essential to negate the prevailing bearish scenario and target resistance levels at $0.59 and $0.68.
While the Relative Strength Index (RSI) has moved up from oversold levels, it remains below the neutral threshold, indicating uncertainty. However, the Moving Average Convergence Divergence indicator shows potential bullish momentum, suggesting a convergence around the 50-day EMA and the upper trendline of the descending channel. Failure to maintain support at $0.40 could expose ADA to a retest of $0.30, highlighting the importance of current price levels for the cryptocurrency.
