Cardano price is holding near the key $0.24 support as surging on-chain activity and improving momentum signal a potential turning point for the next major moveCardano price is holding near the key $0.24 support as surging on-chain activity and improving momentum signal a potential turning point for the next major move

Cardano Price Prediction: ADA Bullish Divergence Builds as $0.24 Support Holds Firm

2026/04/16 18:12
4 min read
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According to Brave New Coin data, Cardano (ADA) is currently trading near $0.24, with short-term price action showing consolidation just above a key historical support zone. This area now acts as a decision point that could define the next major move.

Cardano Price Prediction: ADA Bullish Divergence Builds as $0.24 Support Holds FirmCardano price is trading around $0.24, down 1.61% in the last 24 hours. Source: Brave New Coin

Price Action Returns to a Key $0.24 Zone

As highlighted by Ali Charts, Cardano has now moved back into the $0.243 region, a level that has consistently acted as a strong pivot in previous cycles.

Price Action Returns to a Key $0.24 ZoneCardano retests the key $0.24 pivot, a level that could decide the next move. Source: Ali Charts via X

Looking at the broader structure on the chart, this level sits below a clear range, with $0.537 acting as mid-range resistance, while the upper boundary near $1.18 marks the previous major rejection zone. This puts the current price action deep in the lower end of the structure.

Right now, ADA price is revisiting this lower boundary after a prolonged decline. If buyers step in here, it could trigger a rotation back towards the $0.53 region. However, if this support fails to hold, it would confirm a breakdown from the range and shift the structure further to the downside.

On-Chain Activity Sees a Sharp Spike

One of the biggest shifts right now is coming from on-chain data. As shared by TheCryptoBasic, daily active users on Cardano have jumped by over 1,400%, rising to nearly 12,000 active addresses per day. This comes after a long period of relatively flat activity, making the spike stand out even more.

On-Chain Activity Sees a Sharp SpikeCardano’s on-chain activity explodes, with active users and transactions surging sharply. Source: TheCryptoBasic via X

At the same time, transaction count has also surged by around 4,200%, pushing total transactions closer to 120,000. This kind of move usually reflects a real increase in demand, not just speculation. While price is still lagging, this type of divergence between on-chain growth and price action often doesn’t last long.

Momentum Signals Start Aligning Across Timeframes

Momentum is now beginning to shift, but more importantly, it’s starting to align across different timeframes.

On the higher timeframe, RSI is showing a clear bullish divergence, price has continued to make lower lows while momentum is no longer confirming that weakness. This kind of setup typically appears near exhaustion phases, and as pointed out by Sssebi, it suggests that a potential bottoming process could already be underway or very close.

Momentum Signals Start Aligning Across TimeframesCardano’s momentum shows bullish divergence on higher timeframes, hinting that selling pressure may be fading near a potential bottom. Source: Sssebi via X

At the same time, lower timeframe structure is quietly improving. ADA has managed to push back above its 7-day, 30-day, and 99-day moving averages, a signal shared by TapTools, which reflects early strength returning after a prolonged downtrend. These reclaim levels don’t confirm a reversal on their own, but they do show that buyers are starting to regain short-term control.

Momentum Signals Start Aligning Across TimeframesADA reclaims key short-term moving averages, signaling early strength as buyers begin to regain control. Source: TapTools via X

What makes this more interesting is the combination of higher timeframe divergence alongside lower timeframe strength. It shifts the structure away from pure downside continuation and into a potential accumulation phase.

Market Expectations: ADA to Reprice Higher in 2026

Market sentiment is also beginning to shift as Google Gemini AI model projections shared by TapTools suggest that if momentum continues to build, ADA Cardano price could move towards $0.55 in the mid-term, with further upside potential towards $0.90 and even $1.60 in a strong bullish cycle.

Market Expectations: ADA to Reprice Higher in 2026Cardano’s outlook turns constructive, with projections pointing toward $0.55 and higher if key resistance levels are reclaimed. Source: TapTools via X

These levels align with previous macro-resistance zones and macro structure, meaning they are not random targets; they represent areas where price has historically reacted. However, reaching these levels depends heavily on whether Cardano price can first reclaim and hold key resistance zones above its current range.

Final Thoughts: Short-Term Outlook for Cardano Price

Cardano price is now at a point where both structure and momentum are beginning to shift, but confirmation will be the way forward.

Bullish Case:

Holding above the $0.24 support and reclaiming higher levels could trigger a recovery move towards $0.30–$0.35, followed by a larger push towards $0.50 or above if momentum builds. Strength in on-chain activity is adding to this building scenario.

Bearish Case:

If the ADA Cardano price loses the $0.24 support, it would invalidate the current base attempt and likely lead to a move lower into weaker demand zones. In that case, the broader structure would once again shift towards a bearish bias with potentially lower targets.

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