Cardano (ADA), currently trading at $0.75, is facing a critical price test at $0.62, with bearish sentiment persisting despite a softer-than-expected US CPI report easing inflation concerns.
The top-10 altcoin has struggled to gain traction amid broader market uncertainty and declining crypto momentum.
Bitcoin’s recent correction has intensified pressure on altcoins, and ADA now risks losing key support levels, fueling investor concerns.
Cardano has faced multiple setbacks this week, contributing to a 26% decline over the past seven days—a much steeper drop than Bitcoin’s 5% loss.
Adding to the negative sentiment, ADA founder Charles Hoskinson was absent from the White House Crypto Summit on March 7, a move many see as a snub to ADA’s influence in the crypto space.
Moreover, ADA’s exclusion from Trump’s recent executive order on digital assets has only reinforced uncertainty, dampening optimism around the asset’s near-term performance.
ADA Price Analysis: Key Support and Resistance Zones
Cardano (ADA) is trading 2% higher, reflecting a slight uptick over the past 24 hours.
ADA has pulled back from its 12-month high of $1.23 on 7 December 2024, leaving investors cautious about its short-term trajectory.
The current support zone for ADA lies between $0.62 and $0.70, and today’s price action is hovering around just above this critical level.
Holding above this support could be a foundation for a rebound, while failure may lead to further downside pressure. Conversely, resistance sits between $1.11 and $1.18, forming a significant barrier that bulls must conquer for sustained upward movement.
From a technical perspective, ADA remains below key moving averages, reinforcing a bearish sentiment in the market.
The 50-day Simple Moving Average (SMA) currently stands at $0.81, while the 100-day SMA is $0.91. With ADA trading beneath both indicators, this signals continued weakness unless buyers step in to drive momentum.
Trading volume has also shown a slight uptick. As of March 12, 2025, Cardano’s (ADA) 24-hour trading volume is approximately $1.83 billion.
Comparing this to the previous day’s volume of $1.55 billion on March 11, 2025, there’s been an increase of about 18% in trading activity.
Cooling Inflation Paves the Way for a Wider Crypto Rally
If ADA can retest support in the key price region, it would confirm a near-term bottom, but broader macroeconomic factors continue to shape market sentiment.
The Trump administration’s tariff wars, along with ongoing concerns about growth and inflation, have dampened appetite for risk assets.
Today’s release of the Consumer Price Index (CPI) data has added another layer of volatility to the market.
The latest CPI report showed core inflation rising 0.2% month-over-month in February, below the previous reading of 0.4% and under market expectations of 0.3%. Year-over-year, core inflation eased to 3.1% from 3.3%, in line with forecasts.
This softer-than-expected inflation print strengthens the case for the Federal Reserve to begin cutting interest rates, a bullish signal for ADA and the broader crypto market.
However, uncertainty remains, and traders will be watching for further Fed guidance before making big moves.
With such binary market outcomes in play, investors who aren’t already positioned may prefer to wait for confirmation—or look toward high-potential presales for opportunities outside immediate market fluctuations.
Despite ADA’s omission and Charles Hoskinson’s no-show at the White House crypto summit, the creation of a U.S. Strategic Bitcoin Reserve remains a long-term win for crypto.
The task force overseeing the initiative is expected to propose industry-friendly regulations, including more favorable tax policies for digital assets.
Investors May Turn Their Attention to This AI Agent Alternative
As Cardano’s price struggles to regain momentum, the AI agent crypto MIND of Pepe is catching the attention of crypto watchers.
With the crypto space constantly evolving, Mind of Pepe (MIND) is a promising AI play for investors. China’s DeepSeek AI set the cat among the pigeons with its low-cost training and high proficiency results. The Manus AI agent will do the same for the next wave of crypto innovation.
MIND of Pepe is redefining crypto trading with its AI-driven capabilities. It can engage with the market through its own X persona, analyze trends in real time, and even spark new narratives.
More than just tracking hype, it can create it—and when the moment is right, launch new tokens in response to emerging opportunities.
Unlike regular meme coins, which struggle with utility, MIND offers investors much more than an image. It is a full-blown, self-evolving autonomous AI agent that interacts with platforms like X and can hook up with DeFi protocols.
The engagement helps keep the digital asset fresh in the meme coin community.
Additionally, holders of the presale token can participate in staking opportunities that offer attractive returns.
$MIND can be purchased for $0.0034955, but the next price increase is imminent, so interested parties must move fast to get the lowest available price.
To purchase MIND, you can visit the official website or use the Upcoming Tokens feature in the top Web3 wallet, Best Wallet.
Best Wallet app can be downloaded on Google Play or the Apple App Store.
The post How High Will Cardano (ADA) Price Explode After CPI? These Key Levels May Decide its Fate appeared first on Cryptonews.
