ADA, the native token of Cardano, shot up to above $1 after Trump named the inclusion of the coin in the Strategic Crypto Reserve in March. 2, 2025. However, the coin has since retraced and has been trading sideways between $0.650 and $0.750 over the last one week.
Nonetheless, data shows that the coin has outperformed BTC and other altcoins over the last 180 days. Additionally, technical indicators Directional Movement Index (DMI) shows that buyers are regaining control in the market, although slightly.
ADA Dominates BTC, ETH and BNB In the Last 180 Days
Cardano has been on a great run over the last 6 months. According to the analytics shared by TapTools on X, the coin has outshined top cryptocurrencies including BTC, ETH and BNB. Doing so, confirms that Cardano has huge potential to rival these coins. Perhaps, the reason why it was added to the U.S Strategic Crypto Reserve.
As per the chart below, ADA has recorded a 102.82% surge over the last 180 days. On the other hand, Bitcoin has surged 39.98% in the same period while Binance Coin (BNB) has pumped by 10.53%. Ethereum (ETH) has recorded a dip of 19.80% over the last 6 months mirroring the recent price struggles for the top altcoin by market cap.
Cardano’s DMI Indicator Points to Mild Buyers Dominance
The Directional Movement Index (DMI) identifies the current trend movement as well as the strength of the trend. This indicator is made up of three essential elements which include the Average Directional Index (ADX), the Positive Directional Indicator (+DI) and the Negative Directional Indicator (-DI).
According to ADA’s DMI chart on TradingView, the ADX has a value of 22.9763, showing a weak price trend. Normally, an ADX value below 25 reveals weak or neutral momentum in the market while ADX value above 25 indicates a strong trend. The ADX usually shows the strength of the trend regardless of the direction.
On the other hand, the +DI of ADX has a value of 15.3804 and is above the -DI which has a value of 13.8040. +DI being above the -DI shows that buyers currently hold a nominal advantage against the sellers. Additionally, the +DI crossing above the -DI creates an indication of bullish momentum. However, the ADX value below 25 shows that market momentum remains weak.
A rising +DI exceeding the -DI along with increasing ADX values would validate stronger upward price movement. The decline in +DI and simultaneous rise in -DI give sellers the potential to take back control. The declining ADX indicates that the earlier intense Cardano price surge experienced at the start of March has ended resulting in market consolidation.
The above DMI data shows that buyers have mild dominance in the current market. But, the directional strength remains weak with the ADX showing lack of sustained directional momentum.
ADA Price Performance
Cardano (ADA) is currently trading at $0.712, down by 1.9% on the day and over 9% over the last one month. The current price movement demonstrates consolidation with the sideways clear after the initial dip with price volatility kicking in. If buying gets stronger, Cardano may pick up upward momentum in the short-term.
Traders should use +DI/-DI cross patterns while monitoring ADX to surpass 25 as these signals will confirm a new trend direction. However, ADA might stay in the range-bound movement as long as the ADX indicator remains weak. Future price trends will likely intensify when both the ADX increases while the +DI rises further above the -DI.
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