- Cardano has strong technicals supporting its strength against high-cap rivals.
- Is ADA’s current slump a setup for a breakout?
Cardano [ADA] remains resilient below $1, maintaining a 133% post-election gain.
In contrast, Bitcoin [BTC] holds at +20.5%, while Solana [SOL] and Ethereum [ETH] have turned negative, now 20% below their election-day opening price.
Technicals support ADA’s price action, which has closely mirrored Bitcoin. ADA has traded within a tight $0.60-$0.80 range, just as BTC remains capped below $85k.
Meanwhile, ADA/BTC stays above early March levels, while Solana and Ethereum hit yearly lows against Bitcoin.
ADA’s potential to outperform SOL & ETH in a market recovery
Cardano’s on-chain data supports price stability, with retail capital sustaining demand. Trading volume remains within the 600M-1B range, with a breakout above $1 requiring increased volume inflow.
Despite heavy profit-taking following the Trump-related Strategic Reserve manipulation – where ADA posted a 72% single-day surge before retracing – RSI never reached extreme exhaustion.
The $0.65 support level held firm as bulls quickly intervened upon retest, reinforcing it as a key demand zone.
Source: TradingView (ADA/USDT)
Meanwhile, Solana failed to defend the $120 support, triggering a drop to a seven-month low. Ethereum experienced a deeper correction, breaching the $2k support for the first time in two years.
Cardano’s relative strength against high-cap rivals positions it favorably, as FUD remains elevated for both SOL and ETH.
Both assets must reclaim critical resistance zones before any recovery, while ADA, maintaining stronger technicals, could capitalize on their weakness.
Cardano’s crowd sentiment surges to bullish highs
Cardano is experiencing a surge in positive sentiment on social media.
A big reason for this is the Securities and Exchange Commission (SEC) classifying ADA’s use case as “smart contracts for government services.”
This means Cardano’s blockchain is recognized for real-world applications, especially in government-related projects. Unlike many altcoins, ADA’s utility strengthens its fundamental value.
As a result, on-chain and social sentiment metrics show a sharp rise in bullish sentiment, now at a four-month high.
Source: Santiment
Cardano’s technical strength, real-world use case, and on-chain metrics give it an edge over SOL and ETH, supporting the case for ADA leading high-cap altcoins in a market recovery.