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Cardano's (ADA) Pivotal PlayCardano (ADA) continues to make strides in the cryptocurrency arena with recent developments, including the launch of a staking feature and the welcoming of the first crypto options exchange. These advancements are expected to enhance ADA's utility and adoption, contributing to its recovery narrative. The current price of ADA is $0.2584. Despite a slightly bearish market sentiment with a Fear & Greed index score of 49, the recent positive developments could act as a catalyst for a price rebound. Technical Analysis: Nearest Support Zones: $0.25, followed by $0.22. Further Support: $0.277 and $0.325. Nearest Resistance Zone: $0.30 (previous support), followed by $0.42. Further Resistance: $0.399 and $0.423. Most Probable Scenario: The momentum from recent advancements may drive ADA towards testing the nearest resistance level at $0.30. However, if the bearish sentiment persists, a retracement towards the support levels of $0.25 or $0.22 is plausible. The unfolding scenario around ADA’s technicals and fundamentals provides a mixed yet cautiously optimistic outlook. Monitoring the evolving market sentiment and upcoming Cardano developments will be crucial for traders and investors.
by MonoCoinSignal
14
ADA/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ADA/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Cardano (ADA) was a notable gainer, with the cryptocurrency climbing away from a floor of its own. ADA/USD rose to a high of 0.2628 earlier in the day, which comes after a low of 0.255 the day prior. Today’s move saw Cardano move away from its recent support point at 0.250, just as the RSI bounced from a floor of its own. After colliding with a floor at the 55.00 mark, price strength has gone on to reach a high peak at 58.82. The next visible ceiling looks to be at the 65.00 zone, and in the event bulls manage to reach this point, ADA will likely rise above 0.270. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
2
Cardano Showing signs of 2x rally from hereWhat you see in the chart is a map of Accumulation that has been going on for ADA for over a year and half now. The accumulation matches perfectly with Wyckoff Accumulation models. So far it has made its way to Phase B. This calls for a short-term rally and if the rally follows the model, then it is likely to hit the resistance Lines, which stand at 42 and 47 cents. It's almost 2X from here. From there on we should start dipping and go to new lows to find the Spring to begin the next massive bull run to 7- 10 dollars by last quarter of 2025. Now there is also a possibility that it may not create a new low after hitting the resistance lines, in that case it would be a Wyckoff Model 2 Schematic As shown below. Now, if it does follow Model 1 Accumulation, the following chart shows where ADA can find the spring .
Long
by zakoraio
ADA ☀️ 24-Hour Outlook; Bullish Short-Term Trend Cloudy, slightly bearish skies ☁️ linger over the global crypto market in the next 24 hours. A couple of altcoins, like Cardano, Chainlink, and Uniswap may benefit from sunnier, slightly bullish trading conditions, ATTMO's forecasts show. ☀️ Over a one-week horizon, trading conditions become mixed with sunshine returning to parts of the crypto sphere. Bitcoin, Litecoin, Cardano, and Chainlink have potential upsides, while cloudy ☁️ or even rainy, bearish trading conditions will prevail over altcoins like Avalanche, Binance, XRP, and Polkadot. Follow us for more crypto weather reports!
by ATTMO
Cardano broke 0.25 support levelHi guys, let's look at the current situaition on Cardano. Cardano broke 0.25 support level thanks to recent Bitcoin drop to 25k. Cardano is showing its weakness again and I don't expect that it will rise somewhat significant. Considering some correction on Bitcoin it's epected that Cardano price will also rise a bit but not much. After drop on Bitcoin its price recovered and again trading above 26k but Cardano didn't manage to go back above 0.25 level. This shows weakness on Cardano and willingness to fall further at least up to 0.2 level. Lets see how far Cardano can drop, write your thoughts in comments below. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
11
ADA/USDT what next …? 👀 🚀 Cardano Today Analysis Paradisers, gear up for an exhilarating opportunity with #ADAUSDT which is currently holding a crucial support level and setting the stage for a bullish run👀 💎 Despite recent market volatility causing a significant drop in CRYPTOCAP:ADA price, breaking even its daily key support level, the asset has regained bullish momentum. Market indicators are also turning positive. 💎 Take note of the previous daily resistance level at 0.2517, which now serves as a resistance for #Cardano. 💎Should the price face rejection at this level, we anticipate a bullish scenario initiating from 0.2410. Alternatively, the price may revisit the weekly support level. Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Long
by MyCryptoParadise_Simon
ADA/USDT 1DAT UPDATE BY CRYPTOSANDERS !!hello, welcome to this ADA/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Cardano is also found in a flat trend above the key support at 25 cents. For this reason, its price registered a minor loss of 1.3% this week. Sellers were unable to break this support even though they tried several times. While ADA bulls have shown strength so far, bears could continue to put pressure on the key support. If more tests happen, buyers could become exhausted, which can create an opportunity for a breakdown. the price action appears fragile to any renewed volatility across the market, particularly if the market leaders such as BTC and ETH decide to drop lower. In such a case, ADA could go to 24 cents again. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
Cardano touched 0.25 levelHi guys, let's look at the current situaition on Cardano. My previous idea on Cardano realized for 100% and reached its target at 0.25 level. This downfall was expected as ADA didn't show any willingness to rise somehow and it was just matter of time when it drops. Now some correction is expected, probably even up to 0.3 level but at the moment it sems unlikely. It all depends on Bitcoin right now and if it continues its fall then Cardano also will drop under 0.25 at least up to 0.2 level. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
8
ADA ☀️ In the Next 24 Hrs, Upside PotentialA bearish pressure with both rain and clouds 🌧️ lingers over the global crypto market in the next 24 hours, indicating a downside risk. But Cardano, Dogecoin, and Uniswap shine through the storm with potential. 🌥️ Over a one-week horizon, Bitcoin, Litecoin, XRP, Binance, and other altcoins face continued headwinds and a downward risk, while there's a ray of hope with some sun shining over Ether, Uniswap, and Chainlink, signaling upward potential in the coming week. ☀️🚀 Follow us for more crypto weather reports!
by ATTMO