ADA rebounds 5% near $0.25 as Van Rossem fork preview passes
Cardano (ADA) rebounded about 5% after retesting the $0.25 support zone and traded near $0.272. Analyst Ali highlights $0.25 as a long-term technical base, citing prior cycle reactions: +88.27% in Jan 2023 and +243% in Sep 2023.
For traders, $0.25 is the trigger level. If ADA holds above $0.25 (ideally on closes), the article points to a staged advance toward $0.36 and potentially $0.53. A failed hold or a close below $0.25 would weaken market structure and raise the odds of a deeper correction.
Macro and sentiment are supportive. ADA is up roughly 11% on the week, linked to risk-on conditions after US jobs came in stronger than expected (115,000 added in April vs 62,000 expected) while the unemployment rate stayed at 4.3%.
On-chain/tech catalyst: Daedalus passed the Van Rossem hard fork preview, with a compatible mainnet wallet version expected next week. Van Rossem governance is live on testnet, with approval anticipated at the start of the next epoch (projected May 8). Additional previews include Cardano Node 11.0.1 and DB-Sync 13.7.0.5.
Key watch: confirm whether ADA validates the $0.25 support retest or breaks it for a trend change.
Bullish
The news is bullish for ADA because it combines a favorable technical setup with near-term ecosystem catalysts and supportive macro conditions. Technically, $0.25 is framed as a proven base; holding above it keeps the path open for continuation moves toward $0.36 and $0.53. Fundamentally/technically, Daedalus successfully passed the Van Rossem hard fork preview and a compatible mainnet version is expected next week, which can improve trader confidence in network readiness. In the short term, risk-on sentiment and strong US jobs data likely support demand and reduce downside follow-through. The main bearish invalidation is clear: a close below $0.25 would signal potential structure breakdown and a deeper correction, so traders may treat that level as the line in the sand while momentum is building.