- Bitcoin breaks from stocks, behaving more like a safe-haven asset.
- Cardano mirrors its last cycle, gaining trader attention fast.
- ADA price tracks global money supply, hinting at bullish momentum.
The crypto market is entering an interesting phase, with Bitcoin once again breaking away from its traditional correlation to tech stocks and equities. While it previously moved in step with assets like the Nasdaq 100, Bitcoin is now acting more like a safe-haven asset—driven by its limited supply, global uncertainty, and weakening confidence in U.S. monetary policy.
Altcoins are also surging and Cardano (ADA) particularly seems set for a big move. When analysing how Cardano performed in its last market cycle, there are clear similarities showing up again — and that has caught the attention of crypto traders.
ADA Echoing Past Rally Setup?
One of the strongest signals is how ADA’s price movements are following global money supply trends, much like they did before its last major rally. Back then, gold prices topped out, and soon after, money started flowing into altcoins like Cardano. A similar pattern seems to be forming now.
Related: Arthur Hayes Connects Dots Between US Fiscal Policy and $110K+ Bitcoin Target
Currently, ADA is trading around $0.70. While short-term moves have been choppy, experts believe the bigger trend remains bullish. Some analysts predict Cardano could pick up momentum by early May if market conditions stay supportive.
For now, the next major price targets to watch are $0.71 and $0.80 — key levels that could open the door to a stronger rally if ADA breaks through. But beyond these short-term levels, one important resistance point stands out: $3.
Why $3 is a Key Psychological Hurdle
According to an expert Dan Gambardello, $3 is where many investors regret not selling during the last cycle, making it a psychological barrier. It’s expected that if Cardano reaches this area, the rally might slow down briefly, with increased volatility as some traders take profits.
“It’ll be like a crypto bus stop,” the analyst explained — a temporary pause before the market gears up for a possible push toward $5.
Related: Why a Powerful Altcoin Season Could Be on the Horizon in 2025
Though the crypto market remains volatile, Cardano’s current setup appears stronger than it did in the past. As global money trends shift and confidence returns to the market, many are watching ADA’s next moves closely.
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