Cardano Price Prediction for April 4: Can ADA Maintain Momentum Above $0.65 Support?

• ADA Holds Key Support Amid Volatility Triggered by U.S. Tariff Policy
• Technical Indicators Signal Weak Momentum Despite Price Rebound
• Liquidation Activity Cools After March Spike as Market Stabilizes

Cardano (ADA) maintained stability above a key support level on April 4, 2025, following a price rebound that analysts linked to technical patterns and broader market conditions. The cryptocurrency experienced a 6.84% daily gain, reaching $0.6637.

This movement came despite a recent decline triggered by geopolitical developments, including a reciprocal tariff policy announced by U.S. President Donald Trump on April 2. While ADA dropped immediately after the announcement, it failed to break below its crucial support, preventing a deeper sell-off.

ADA Rebounds After Brief Downturn

The $0.65 price level also provided stiff resistance during the recent price action. This level formed a bullish hammer candlestick on the daily chart, which is usually considered a sign of a change in direction from bearish to bullish.

Price action showed a low of $0.6212 before rebounding slowly throughout April 4. Intraday volatility occurred during the mid-session but was followed by a sharp recovery, placing ADA near its daily high of $0.663.

Market data from CoinMarketCap shows ADA’s market capitalization grew by 6.81% to $23.4 billion, keeping it in ninth place among cryptocurrencies by market cap. However, despite the price gain, the 24-hour trading volume fell by 27.90% to $872.72 million, indicating less activity during the rise.

The volume-to-market cap ratio stood at 3.72%, suggesting moderate liquidity conditions. Cardano’s fully diluted valuation reached $29.85 billion, with 35.26 billion ADA in circulation out of a maximum supply of 45 billion.

Indicators Reflect Weak Momentum Despite Price Increase

Technical indicators remained mixed, showing limited short-term momentum despite the price jump. The Relative Strength Index (RSI) registered at 44.00, just under its signal line at 44.73. This level places ADA in a neutral range, neither oversold nor overbought. A move above the 50-mark would be necessary to support further bullish momentum.

Likewise, the MACD indicator showed a trending continuation of the theme of caution on its chart. The MACD line was -0.027, below the signal line -0.024 of the MACD indicator. The result of the histogram was slightly negative at – 0.003.

Liquidations Declined After Early March Volatility

The volume of liquidations that Cardano carried over several months is also notable. Analyzing the Coinglass data, it was noticed that there was a sharp increase in liquidations at the beginning of March, specifically on the 5th of March.

ADA was at $0.53 at that point, and the liquidation of longs hovered past $32 million. However, the previous rise above the $0.60 mark in December 2023 must have negatively affected short traders.

Since mid-March, liquidation events have moderated. Current levels show subdued activity in both long and short positions, aligning with ADA’s relatively stable price action in early April.