• Cardano (ADA) accumulation process may induce a significant bearish reversal in weeks to come.
• If support levels are respected, ADA may retest major resistance areas and aim for the $3 figure by next quarter.
• NEAR protocol onboards Cardano via its Intents protocol, facilitating cross-chain exchanges across 20+ chains.

Cardano (ADA) is on the way to its upward momentum and is showing potential for a strong reversal after prolonged volatility. The ADA price has risen 0.74% over the last 24 hours and 8.5% over the last week.

At the time of writing, ADA is trading at $0.8596 with a market capitalization of $30.79 billion. Moreover, its trading volume stands at $1.49 billion, marketing a surge of 32.28%, reflecting the interesting mode of both traders and investors.

Source: CoinMarketCap

Cardano (ADA) Joins NEAR Protocol to Boost Growth

A prominent crypto analyst, Cardanians (CRDN), revealed that NEAR Protocol has formally onboarded Cardano via its revolutionary Intents system, opening cross-chain swaps of ADA between 20+ blockchains and 100+ assets, such as BTC, ETH, USDC, and USDT, seamlessly. This milestone abolishes central traditional bridges, usually cross-chain transactions’ weakest link.

The Intregation also includes AI-prepared functionality, paving way for self-directed and smart cross-chain functionality. By linking Cardano to NEAR’s growing network of partners, the alliance fortifies groundwork for a bridgeless, multichain future where liquidity and innovation move seamlessly across chains.

Also Read: Cardano (ADA) Eyes $7.82 After Recent Breakout and Institutional ETF Move

ADA Accumulation Phase Points to $2.5–$3.0 Rally

Moreover, the crypto analyst, Hailey LUNC, highlighted that Cardano (ADA) is picking up interest as analysts expect a possible reversal. Regardless of prices going down recently, a large number of traders find current prices a good buy entry point, waiting for a short-term bounce.

With constant network updates and gradual ecosystem development, Cardano seems to be setting itself up for a potential upside movement during the next few weeks.

Source: X

The chart shows a long-term reversal structure where the price stabilized between a major fall and a green demand zone. A rising blue trendline shows increasing bullish strength, and successively higher lows are being built consistently with the passage of time. A breakout of current support suggests a strong breakout appears possible with a potential in the 2.5–3.0 zone.

Cardano Community Shows Strong Bullish Sentiment

According to the data from CoinMarketCap, the community sentiment is overwhelmingly positive, with 88% of participants indicating a positive view. Out of the 1.2 million votes, a majority believes that the value of the asset is going to rise, evidencing emerging confidence across investors.

Source: CoinMarketCap

Conversely, 12% of respondents express a bearish view, forecasting a possible fall for the asset’s performance. Such minority opinion is a sign of a cautious market trend. However, even despite their concerns, overall sentiment remains positive by a huge majority.

Also Read: Cardano (ADA) Reinstated in Hashdex ETF as Bulls Target $2 Breakout