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Reading: Cardano (ADA) Price Prediction for March 20
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EdaFace Newsfeed > Latest News > Price Analysis > Cardano (ADA) Price Prediction for March 20
Price Analysis

Cardano (ADA) Price Prediction for March 20

vitalclick
Last updated: March 20, 2025 8:06 am
3 minutes ago
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Contents
Indicator Reveal ADA Bullish Sentiment Reach 4-Month High  Cardano (ADA) Price Action and Upcoming Levels ADAs’ Over-Leveraged Levels

Cardano (ADA) price remained stable throughout the week. However, given the current market sentiment and investors’ outlook, this stability may soon change, potentially leading to a massive upside rally.

Indicator Reveal ADA Bullish Sentiment Reach 4-Month High  

Today, March 20, 2025, on-chain analytics firm Santiment posted on X (formerly Twitter) that specific altcoins like ADA are experiencing the highest positive sentiment on social media. This is seen as a bullish sign and could attract more investors and traders.

However, the post on X also noted that this positive sentiment follows the United States Securities and Exchange Commission (SEC) classifying ADA’s use case as “smart contracts for government services.” As a result, bullish sentiment for ADA has reached a four-month high.

🥳 Specific altcoins like Cardano are seeing high positive sentiment on social media. Aided by the fact that the SEC classified $ADA‘s use case as “smart contracts for government services”, the altcoin’s community has pushed up bullishness to its highest rate in over 4 months. pic.twitter.com/viUVgjYNAX

— Santiment (@santimentfeed) March 19, 2025

Cardano (ADA) Price Action and Upcoming Levels 

According to expert technical analysis, ADA has been consolidating within a narrow range between $0.69 and $0.75 for the past few weeks and is now on the verge of a breakout.

Based on recent price action and historical patterns, if the asset breaks out of this consolidation and closes a daily candle above the $0.76 level, there is a strong possibility it could initially surge by 12%, reaching $0.85 in the coming days.

🥳 Specific altcoins like Cardano are seeing high positive sentiment on social media. Aided by the fact that the SEC classified $ADA‘s use case as “smart contracts for government services”, the altcoin’s community has pushed up bullishness to its highest rate in over 4 months. pic.twitter.com/viUVgjYNAX

— Santiment (@santimentfeed) March 19, 2025

Traders and investors should note that $0.75 is a key level, as it aligns with the 200 Exponential Moving Average (EMA) on the daily timeframe, acting as a significant resistance for the asset.

ADAs’ Over-Leveraged Levels

Despite the mixed price action, traders appear bullish as they are betting on the long side, according to on-chain analytics firm Coinglass.

Data reveals that traders are currently over-leveraged at $0.715 on the lower side, holding $11 million worth of long positions. Meanwhile, $0.75 is another over-leveraged level where traders betting on the short side hold $7.70 million worth of short positions.

🥳 Specific altcoins like Cardano are seeing high positive sentiment on social media. Aided by the fact that the SEC classified $ADA‘s use case as “smart contracts for government services”, the altcoin’s community has pushed up bullishness to its highest rate in over 4 months. pic.twitter.com/viUVgjYNAX

— Santiment (@santimentfeed) March 19, 2025

These over-leveraged levels and the millions worth of short and long positions hint that bulls are currently dominating, which could support the asset in rallying in the coming days.

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