Cardano (ADA) is one of the cryptocurrencies included in the Crypto Strategic Reserve. However, due to bearish market sentiment, it has been continuously struggling to gain momentum. Today, March 8, 2025, amid market uncertainty, the asset has registered a 5% price drop and has reached a crucial support level.
Cardano (ADA) Technical Analysis and Upcoming Levels
As ADA reaches a crucial support area, concerns are rising about whether the price will hold this level or fall below it due to bearish market sentiment. Let’s see what happens in the coming days.
Source: Trading View
According to expert technical analysis, the $0.81 level is a strong support zone with significant buying pressure and potential for a price reversal. If the current sentiment persists and the price falls, closing a four-hour candle below $0.81, there is a strong possibility of an 18% decline to $0.68. On the other hand, if ADA holds this level, it has the potential to rebound and surge by 35%, reaching $1.15 in the future.
At present, ADA is trading at the 200 Exponential Moving Average (EMA), which provides strong support and indicates that the asset is still in an uptrend.
Current Price Momentum
At press time, ADA is trading near $0.827, having registered a 5% price drop in the past 24 hours. During the same period, its trading volume declined by 10%, indicating lower participation from traders and investors compared to the previous day.
Despite market uncertainty, traders are currently over-leveraged at $0.804 on the lower side and $0.84 on the upper side, according to on-chain analytics firm Coinglass.
Additionally, these levels hold $9.11 million worth of long positions and $5.45 million worth of short positions, indicating that bulls are strong and could support the asset in holding this level.
HTX DAO successfully hosted the HTX DAO Dubai Whale Night 2025, bringing together top builders, investors, and industry leaders for a high-impact evening of insights, product reveals, and ecosystem strategy.
The event’s central focus was a keynote speech by Justin Sun, Advisor to HTX and Founder of TRON, delivering a clear message about HTX’s momentum and vision for global expansion.
“Currently, HTX is among the top five offshore exchanges and continues to expand,” Sun stated. “We are completely focused on the Middle East and are also targeting clients from the CIS region and Europe.”
Sun also emphasized HTX’s commitment to long-term regional growth and global reach. He highlighted the platform’s U.S. ambitions, stating, “The TRX ETF application in the United States represents significant progress. Over the next few years, we will focus on U.S. development to increase our international footprint, which I think is extremely important for both HTX and our broader strategy.”
He added that HTX is expanding its trading ecosystem with projects like USDD and $TRUMP and invited users around the world to share ideas.
HTX DAO Drives Growth, Deepens Ecosystem Governance
Molly, Spokesperson for HTX and Ambassador of HTX DAO, shared updates on platform performance and DAO integration. In Q1 2025, HTX became the only top 10 global exchange to increase spot trading volume, boasting over 50 million registered users and a 210% increase in net deposits. HTX continues to maintain a reserve ratio above 100%.
She noted that the platform’s success stems from its “security, transparency, and precise market sensitivity.” Looking ahead, HTX will strengthen DAO integration, enabling the community to participate in governance and listing decisions through decentralized voting. This blend of centralized efficiency and decentralized control is key to HTX’s future.
SVIP Benefits Unveiled, $1M Recruitment Program Launches
HTX officially unveiled its upgraded SVIP benefits system, tailored for high-frequency traders, institutional clients, and long-term holders. The system focuses on three pillars: cost efficiency, capital efficiency, and exclusive privileges.
Key highlights include:
Ultra-low fees: Spot maker fees as low as 0.0126%, futures maker fees as low as 0%, dramatically reducing transaction costs.
Efficient margin and crypto loans: Enjoy up to 9% discount on margin interest rates, flexible loans, and zero service fees. Eligible users can access up to $20 million in credit lines per account, with Fireblocks custody integration to ensure asset safety.
SVIP-only privileges: 1-on-1 account managers with 24/7 support, Improved API rate limit, and invitations to private SVIP gatherings.
SVIP users can further enhance returns by optimizing their Prime tier levels, potentially saving up to $10,000 in monthly fees and increasing overall yields by up to 20%.
To mark the launch, HTX is rolling out a $1 million SVIP recruitment campaign:
Invite new users to become SVIPs and earn up to $5,000 in USDT
Enjoy double rewards for VIP users migrating from other platforms
Earn an additional $2,000 cashback voucher when referring multiple qualified users
More SVIP-exclusive benefits will be unveiled in mid-May, further elevating the premium trading experience for top-tier clients.
About HTX DAO
As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. It pioneers a blended CeFi/DeFi paradigm, including listing and community governance, through its focus on building an exchange DAO and a free financial hub ecosystem. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO.
In a major first for the United States, New Hampshire has passed a new law allowing the state to hold Bitcoin as part of its financial reserves. The bill, known as HB 302, was signed into law on May 6, 2025, by the state’s Governor. This makes New Hampshire the first state in the nation to create a Strategic Bitcoin Reserve Fund.
The law gives the state’s Treasurer the power to buy Bitcoin and other major digital assets directly or through a regulated investment product like an exchange-traded product (ETP). However, there’s a limit — the state can only hold up to 5% of its total funds in Bitcoin to balance risk.
NEW: New Hampshire becomes the first U.S. state to pass a strategic $BTC reserve into law, authorizing the treasurer to purchase the world’s largest digital asset directly or through an ETP. https://t.co/pPZsIqaoIv
To ensure safety, the law requires all digital assets to be stored under strict U.S.-regulated custody, either in state-controlled wallets or with approved custodians. The new policy will officially take effect 60 days after its signing.
The bill was inspired by a model created by the nonprofit group Satoshi Action, which works to educate lawmakers about Bitcoin and digital assets. Dennis Porter, the group’s CEO, said this is more than just a bill — it’s the start of a movement. “New Hampshire didn’t just pass a bill; it sparked a movement,” Porter said.
Several important figures helped make this happen, including Rep. Keith Ammon, an early Bitcoin supporter, Majority Leader Jason Osborne, and the New Hampshire Blockchain Council.
This landmark decision could open the door for other U.S. states to follow New Hampshire’s lead as interest in Bitcoin-backed financial reserves grows nationwide.
The post Breaking: New Hampshire Becomes First U.S. State to Officially Hold Bitcoin in State Reserves appeared first on Coinpedia Fintech News
In a major first for the United States, New Hampshire has passed a new law allowing the state to hold Bitcoin as part of its financial reserves. The bill, known as HB 302, was signed into law on May 6, 2025, by the state’s Governor. This makes New Hampshire the first state in the nation …
In the past 48-hours, Cardano price faced rejection at the channel’s upper border, coinciding with renewed trade pressures. As, Donald Trump’s announcement of a 50% tariff on the European Union, effective June 1, has reignited concerns.
Despite this looming threat, ADA’s price has remained stable, indicating that the market has adjusted to such sentiments, with investors showing less volatility. Some experts even suggest that ADA’s current consolidation pattern may lay a healthier foundation for a potential breakout toward the $1 range.
Additionally, this week, Messari released its Q1 report, highlighting some positive metrics despite Cardano’s financial challenges. The report indicates that the community remains resilient, focusing on long-term growth and stability. Keep reading to know more.
Analyst Says Cardano Price Aims $1
Cardano’s price has been caught in a lengthy consolidation phase within a falling channel, largely influenced by ongoing trade tensions between the U.S. and other countries. This trade climate pushed ADA price down to the $0.50 mark in April.
However, a turning point came in mid-April when ADA began to recover, climbing to the upper boundary of the channel and reaching $0.85 in May. This rebound was fueled by a decrease in trade tensions, particularly after the UK signed a significant deal.
However, recent tensions with EU resurfacing has left many investors worried, but knowing the threat ADA price has not fallen beneath key EMA’s, and until it doesn’t break key supports the bullish views remain intact.
More to its price, a deep analysis of this week has been at the center of attraction. According to technical analysis from Dan Gambardello, the Cardano price action displays a markedly different pattern compared to its previous bull market cycle.
He says, unlike the last cycle where ADA experienced a single dip after exiting the bear market before going parabolic, the current consolidation shows a more methodical approach with repeated pump and consolidate phases.
This extended consolidation period is a “coiling” effect. He feels that Cardano price could smash $1, if it meets all bullish conditions.
Gambardello notes that this coiling behavior is not limited to Cardano price. The extended sideways movement has allowed for healthier price support levels, in other altcoin’s too.
Additionally, Analyst Dan Gambardello uses Ethereum as a roadmap for altcoin performance. He noted that ETH is currently testing a multi-cycle trend line that has historical importance for the entire altcoin sector.
Ethereum breakout would cause an altcoin move. It would be a more favorable time for tokens like Cardano crypto that have consolidated and formed technical bases in this extended build-up phase.
Cardano’s Report By Messari: Total Stablecoin Market Cap & ADA’s Treasury Balance Increased
In a recent report, by Messari said that Cardano’s performance during Q1 2025 was tough. It revealed that its quarter was filled with challenges. As its native token, ADA price, took a hit, which led to a decline in its circulating market cap.
Despite these hurdles, Cardano still made significant strides in governance, like the activation of the Plomin Hard Fork was the biggest accomplishment.
Interestingly, the report further highlighted that, while the ADA price volatility affected its most of the market sentiment, but the commitment to staking still remained remarkably stable.
The stats showed that the total staked ADA saw only a slight decrease of 1%, settling at 21.6 billion ADA.
In contrast, some metrics performed exceptionally like the stablecoin market, messari said that it expanded by 30% to reach a market cap of $30.1 million. This increased was largely driven by the popularity of fiat-backed options like USDM, IUSD, USDA, and others.
Additionally, Cardano’s treasury balance showed resilience, increasing by 5% quarter-over-quarter to 1.7 billion ADA. However, the U.S. dollar value of the treasury took a hit, dropping 19% to approximately $1.1 billion.
Overall, while Cardano faced financial challenges, its governance advancements and stable staking commitment highlight the community’s ongoing dedication to the platform’s future.
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The post Cardano (ADA) Price Holds Ground Amid EU Tariff Threat, Analysts Eye $1 Breakout appeared first on Coinpedia Fintech News
In the past 48-hours, Cardano price faced rejection at the channel’s upper border, coinciding with renewed trade pressures. As, Donald Trump’s announcement of a 50% tariff on the European Union, effective June 1, has reignited concerns. Despite this looming threat, ADA’s price has remained stable, indicating that the market has adjusted to such sentiments, with …
NEW: New Hampshire becomes the first U.S. state to pass a strategic 
