Cardano (ADA) is entering a potentially volatile phase on Tuesday, February 24, with traders eyeing key price levels. According to the crypto analyst Hailey LUNC, the $0.25 support zone could provide a floor for buyers, but a breach might trigger deeper corrections.
Investors are monitoring market sentiment closely, as any shift here may set the tone for near-term price swings and trading strategies.
Source: Hailey LUNC X Post
On the upside, $0.30 serves as a critical resistance point. A break above this level could ignite bullish momentum, attracting buyers and sparking a short-term rally.
However, repeated rejection at resistance might lead to consolidation or minor pullbacks. With technical indicators signaling potential swings, ADA traders are advised to stay alert and carefully plan positions around these pivotal thresholds.
Also Read: Why Cardano’s ADA Fell 58% Yet NFT and DEX Growth Surged
According to TradingView, as of Tuesday, February 24, the RSI for Cardano (ADA) is at around 31.26, which is above the oversold level of 30.
This suggests that the recent bearish trend may be weakening, and an upturn may be seen soon. The RSI moving average for the last 14 days is at 37.43 and is falling, suggesting bearish trend continuation.
Source: TradingView
The MACD also has bearish signals. The MACD line still remains below the signal line, and the negative histograms are increasing slightly.
The MACD line has a slightly negative value of -0.00149, which means selling is still going on. It appears that the selling may be coming to an end soon because both indicators are indicating a bearish trend.
Despite the volatile price movements, USDCx is considered to be among the first projects on Cardano to utilize formally verified smart contracts. This is considered to be a significant leap in the security of the blockchain.
According to the crypto analyst Mintern, as of Tuesday, February 24, with the UPLC formal verification system, it is mathematically proven that every contract works precisely as it should, reducing the danger of bugs and exploits to near zero and increasing trust in decentralized finance.
By combining Cardano’s scalability with mathematically secure contracts, USDCx establishes a new DeFi standard.
All possible contract behaviors are verified as safe, encouraging other projects to follow a similar security model and cementing Cardano’s reputation as a hub for future-proofed, trusted blockchain applications.
Also Read: Cardano (ADA) Struggles Below Key Moving Averages; $0.3316 Recovery Critical
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