- Cardano surged 10.21% to $0.6575 but remains down 21.54% over the past week.
- Despite the rebound, it is still 78.78% below its all-time high of $3.10.
Cardano (ADA) experienced a notable price surge on Tuesday, climbing 10.21% to reach $0.6575, marking its largest one-day percentage gain since March 9, 2025. However, despite this recovery, ADA remains in a challenging position as broader market trends continue to weigh on its performance.
Cardano’s Recent Price Action
Over the past 24 hours, Cardano has traded within a range of $0.6554 to $0.6813, showing some resilience in the face of market turbulence. The increase in price pushed its market capitalization to $23.7 billion, making up 0.93% of the total cryptocurrency market.
However, a deeper look at the weekly chart tells a different story. ADA has lost 21.54% over the past seven days, signaling continued bearish pressure. The 24-hour trading volume stood at $1.87 billion, reflecting a significant level of activity but also a heightened selloff phase.
ADA Still Far Below All-Time High
Despite the latest rebound, Cardano remains significantly below its all-time high of $3.10, recorded on September 2, 2021. The current price is still down 78.78% from that peak, highlighting the long road to full recovery.
Broader Crypto Market Trends
Cardano’s price movement coincided with a wider market downturn. Bitcoin (BTC) dropped 5.21% to $77,067.1, while Ethereum (ETH) saw an even steeper decline, falling 10.79% to $1,817.68. The overall market sentiment appears bearish, with Bitcoin’s market cap standing at $1.55 trillion, dominating 60.84% of the total cryptocurrency market, while Ethereum holds 8.80% of the market share.
What’s Next for Cardano?
While the recent 10.21% surge provides a short-term boost, ADA still faces considerable resistance ahead. If the momentum continues, ADA may attempt to break through the $0.70 level. However, if bearish pressure persists, a retest of lower support levels near $0.65 or below remains a possibility.
Investors will be closely watching market trends and key support levels to determine whether this price jump is the beginning of a sustained recovery or just a temporary bounce.
