Cardano (ADA) Gears Up for Volatility as Bollinger Bands Tighten

Cardano (ADA), the ninth-largest cryptocurrency, could be on the verge of a significant price swing. According to crypto analyst Ali, Bollinger Bands on ADA’s 12-hour chart have tightened, suggesting an imminent surge in volatility. Traders closely monitor these contractions, as they often precede sharp price movements. When the bands narrow, market volatility declines, but a breakout typically follows.

ADA’s price remains squeezed within these tightening bands, leading market participants to anticipate a strong move. If buyers take control, ADA could experience a notable breakout to higher levels. However, if sellers dominate, a downward trend could take hold. As of the latest update, ADA’s price has dropped 4.43% in the last 24 hours, trading at $0.734.

The Bollinger Bands are squeezing on #Cardano $ADA 12-hour chart, signaling a potential spike in volatility is on the horizon. pic.twitter.com/sHasRsCJZF
— Ali (@ali_charts) March 26, 2025

Key Resistance and Support Levels to Watch

On the daily chart, bulls must push ADA above the 50-day simple moving average (SMA) at $0.755 to initiate an uptrend. If they succeed, ADA could climb to $0.84, where it may face strong resistance. A decisive move past this level could send the cryptocurrency toward $1.02.

Conversely, bears may attempt to push ADA below the critical $0.719 support level, which aligns with the 200-day SMA. If this level fails to hold, ADA risks further declines. The next key support lies at $0.58, with a potential drop to $0.50 if bearish pressure persists.

Nubank and Interactive Brokers Expand Altcoin Offerings

Institutional adoption of Cardano continues to grow. Nubank, a major Latin American financial institution backed by Warren Buffett’s Berkshire Hathaway, has expanded its crypto portfolio. On March 25, the bank announced that it would offer Cardano, Near Protocol, Cosmos, and Algorand to its 100 million Brazilian customers.

Meanwhile, Interactive Brokers, a global brokerage with $9.3 billion in revenue for 2024, has also increased its altcoin support. According to its March 26 announcement, the platform now provides trading for Solana, Cardano, XRP, and Dogecoin.

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With growing institutional adoption and heightened technical indicators, traders remain watchful for ADA’s next big move.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.