Cardano price (ADA) is currently holding steady around the $0.42 mark on Tuesday afternoon, after a nearly 5% surge in the previous session. On-chain and derivatives market data are painting an optimistic picture for the bulls, as large whale orders continuously appear, buying pressure dominates, and the funding rate remains positive. Technically, ADA is also receiving the necessary support to continue its recovery, with a target set for the $0.50 area.
On-chain and derivatives data indicate an uptrend
Aggregated data from CryptoQuant continues to reinforce ADA’s positive outlook. In both spot and derivatives markets, large buy orders from whales are becoming more frequent, while indicators show the market is “cooling off.” The dominance of buying pressure in this context is a clear signal foreshadowing a potential recovery.
Beyond whale accumulation, data from the derivatives market also suggest ADA could soon enter a new upward phase. The Coinglass funding rate reflects that the number of traders expecting a price decline has narrowed, while those betting on a bullish scenario are in the majority.
This indicator has turned positive, reaching 0.0014% on Tuesday—a sign that longs are paying shorts. History also shows that whenever the funding rate turns from negative to positive, ADA’s price tends to surge strongly soon after.
Funding ADA funding rate | Source: Coinglass ## Cardano price forecast: ADA bulls eye the $0.50 mark
Cardano’s price found support at the lower boundary of a falling wedge pattern—formed by a series of highs and lows connected by two trendlines—on Saturday, before bouncing 6% over the next two sessions. By Tuesday afternoon, ADA was trading steadily around the $0.42 mark.
If the recovery continues, ADA could extend its move up to the next major resistance area at $0.49. A decisive candle close above this level would open the door for a broader uptrend, targeting the psychological $0.50 mark.
Bi ADA/USDT daily chart | Source: TradingView
On the daily timeframe, the relative strength index (RSI) hit 30 after falling into oversold territory last week and is now ticking upward, signaling cooling selling pressure and initial signs of bearish weakness. The MACD lines are also converging and approaching a bullish crossover, further strengthening expectations for a more sustained recovery.
However, if the upward momentum is rejected, ADA could see a pullback to the lower boundary of the trendline area around $0.39.
SN_Nour
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Reclaims $76,000 as US March PPI Misses Forecasts
Bitcoin surged past $76,000 following lower-than-expected US Producer Price Index data for March 2026, which indicated a 4% year-over-year increase. The rise reflects strong market support despite declining leveraged positions.
GateNews36m ago
BTC 15-minute rise of 0.64%: a technical breakout of key resistance combined with weak liquidity amplifies volatility
2026-04-14 15:30 to 15:45 (UTC), BTC saw short-term fluctuations within the 74,795.5 to 75,319.3 USDT range, with a return of +0.64% and a range of 0.70%. During this period, market attention warmed up, volatility intensified, trading volume rose slightly compared with the previous hour, and short-term buy orders pushed the price upward quickly.
The main driver of this unusual move was BTC’s short-term technical breakout above the 74,000 USDT key resistance, which generated a long signal and triggered rapid responses from quantitative and programmatic buy orders. At the same time, because the order book depth has been rising since 2025
GateNews41m ago
ETH rose 1.06% in 15 minutes: global political stimulation and a coordinated boost to risk appetite and on-chain activity together drove the move
From 15:30 to 15:45 (UTC) on 2026-04-14, the ETH price range was 2340.75 to 2367.0 USDT. Within 15 minutes, the return rate reached +1.06%, and the amplitude was 1.12%. Market volatility intensified, and on-chain and social attention rose in tandem. Short-term trading activity increased significantly, and investor sentiment shifted to optimism.
The main driving force behind this market move is the direct impact of an international political event on risk appetite. The United States announced a blockade of the Strait of Hormuz in the Middle East region related to the White House, creating a stark contrast with peace signals reportedly coming from Iran, and it triggered uncertainty and panic sentiment in the market.
GateNews41m ago
Bitmine gets promoted to the NYSE main board! Tom Lee: US stocks may be at a bottom, with selling pressure on Ether easing
Bitmine has officially moved from the NYSE American board to the main board, marking an important milestone for the company. Despite a sharp decline in its stock price, it has still increased the share repurchase plan to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help enhance its assets and stock price performance.
CryptoCity1h ago
Bitcoin Reclaims $75,000 for Second Time Since US-Iran Conflict, Up 7% in 24 Hours
Bitcoin surged to $75,000 amid rising U.S.-Iran tensions, adding $98 billion to its market cap and causing $500 million in liquidations. Technical analysts suggest that holding support above $67,000 could lead to an increase toward $80,000, despite highlighting $50,000 as a critical level if support fails.
GateNews1h ago
Crypto market splits as RaveDAO soars 200% while Polkadot, Zcash slide
RaveDAO jumps over 200% while Polkadot, Zcash and Dash slide, underscoring how idiosyncratic token stories now dominate a crypto market still digesting macro shocks and regulatory risk.
Summary
RaveDAO leads today's large‑cap crypto movers with a gain of more than 200%, while several majors, in
Cryptonews2h ago
