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Cardano / TetherUS PERPETUAL CONTRACT

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Potential Surge Ahead: ADA's Outlook Beyond $0.7 Although CRYPTOCAP:ADA experienced a 78% increase in December 2023, its growth has somewhat plateaued. The asset has been trading sideways for the past two weeks, hovering between a support zone of $0.52–$0.56 and a resistance range of $0.64–$0.68. With Bitcoin's bullish trend, CRYPTOCAP:ADA 's continued rise seems likely. A key resistance level at $0.62 stands in its way, but surpassing this could lead to a potential surge towards $0.7. Conversely, CRYPTOCAP:ADA could face a deeper correction if Bitcoin’s chart reflects a downturn. In such a scenario, Cardano might retest its existing support zone and possibly probe the psychological level of $0.5.
Long
by DEXWireNews
ADA - 20.12.2023 / Great Long Setup to gain whole lotta profith1 Chart: ADA - One of the only alt pairs that can be a good entry right now. Now I see at h1 the birth of an ascending order flow through the break of the structure and mitigation of the STB POI. Now there are 2 options to set long positions: 1. From current price 2. After removal of SSL liquidity behind the key low level. Targets for price delivery from above are there, so I will be dialing in long positions and spot positions on this asset soon! Non-financial advice, always respect the risks and watch the reaction in the points of interest and only then make your entry into positions!
Long
by trademansi0n
Opening LONG #ADAUSDT $0,65LONG #ADAUSDT from $0.5899 Globally, the structure is ascending, in order to roll back, they went down and thereby formed an inclined level that they had already broken through, before the breakdown, a small manipulation of liquidity from below is visible, which tells us about the set of positions by a large player. A cascade of levels has been formed from above (0.6522; 0.6550; 0.6637; 0.6819), behind which I expect to see the stops of shortists who act as a magnet for the market maker. I expect the price to rebound from the broken slope and the price to rise in order to continue the upward structure and collect the cascade levels
Long
by CScalp_EN
Cardano(ADA): Time To Short! The price has recently formed a rounded top, indicating a bearish reversal pattern. A critical support line around $0.5486 is currently under pressure. If this level fails to hold, there's a strong likelihood of a breakdown. This potential breakdown could accelerate a move towards the next significant support levels. We monitor this support closely for signs of either a bounce, which could offer a bullish scenario to upper zones (small one), or a breach, which may confirm the bearish outlook. A decisive daily candle close below this support could be used as confirmation for a bearish outlook.
Short
by SwallowPremium
4
ADA Cardano / explodeIn late 2030, the currency will be consolidated as the leading protocol. Based on market predictions and analyses up to 2030, ADA (Cardano) shows a promising outlook. Forecast sites are generally positive about the long-term prospects for ADA's value. By 2030, ADA's average price is predicted to be around $9.72, with a range between $9.12 and $10.32. This steady increase suggests significant growth in ADA's value over the years, potentially positioning Cardano as a leading force in the cryptocurrency market by the end of 2030​​​​. Moreover, the cryptocurrency community remains optimistic about Cardano's future adoption. In a survey conducted by Ethereum co-founder Vitalik Buterin in January, asking which currency they'd prefer to dominate transactions by 2035, ADA led with 42% of over 600,000 votes, surpassing Bitcoin's 38.4%​​. This level of community support and confidence in Cardano could indicate its potential to become a market leader in the coming years. In summary, based on these projections and community backing, it seems plausible that ADA (Cardano) could lead the cryptocurrency market by late 2030, marked by its consistent growth and strong community endorsement. capital.com this is not a financial advice
Long
by Mat_cl
ADA: Pullback in UptrendTrade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend. However, price got very overbought (RSI > 75) just as it reached $0.65 resistance and pulled back on some profit taking. Now we wait for price to either 1) break above $0.65 to signal continuation of Uptrend with upside potential to $0.75 next, or 2) pull back near $0.46 support for a swing entry in Uptrend with upside potential back to $0.65 or even $0.75. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
Long
by altFINS
ADA: Will Likely See Sign of Strength Confirmed Very SoonHi Everyone! We still have another 4-Weeks of upward pressure remaining. We could have maybe 5 more weeks of upward pressure remaining. This period of upward pressure remaining is concluded from the current level of the White Energy in the 2-Week and 3-Week time frames; since the Red Line went above Level 50 to trigger upward pressure in the 2-Week and 3-Week time frames. 2-Week is top left corner. 3-Week is top left of center: The current target range for the "peak" of our Sign of Strength event is the 1.618 FIB extension range between $0.7058 and $0.7299 cents.
Long
by WyckoffMode
12
Cardano (ADA) DeFi TVL Jumps 180%, Will ADA Price Break $0.7?Cardano (ADA) is outperforming its peers in the Decentralized Finance (DeFi) ecosystem with a parabolic surge in Total Value Locked (TVL). Cardano TVL by the Numbers Per data to Data from DeFiLlama, Cardano’s TVL went through the roof, climbing from $188.65 million as of October 17 to the $529.42 million it is today. Effectively, this TVL jump accounts for a total growth rate of 180.636% within that period. This is no easy feat considering the enormous work required to attract the right liquidity into the Cardano network in the presence of DeFi heavyweights like Ethereum (ETH) and Solana (SOL). With the latest impressive uptick, Cardano’s overall ranking in the DeFi world has improved, rising to the 12th position at the time of writing. The major contributor to Cardano’s growth is Indigo, a decentralized non-custodial synthetic assets protocol built for the network. Indigo’s TVL comes in at $120.2 million and is closely followed by decentralized exchange Minswap and Liqwid, a decentralized lending protocol with TVLs of $103.77 million and $60.18 million respectively. Since it enabled smart contracts on its network, this is arguably the first time the impact of its massive developmental work on Cardano will be recognized. Among the protocols launched this year, Cardano DJED stablecoin from COTI also commands enormous liquidity with TVL pegged at $26.13 million at the time of writing. Cardano’s recognized DeFi strides come from consistent protocol upgrades by the blockchain’s parent company Input Output Global (IOG). Effectively, the locked ADA in all smart contracts represented on the network has grown from 272.27 million in January to 824.06 million at the moment. Is ADA’s Path Cleared? DeFi growth is a bullish sign in the market that might have a positive impact on price ultimately. At the time of writing, Cardano’s price is pegged at $0.617, down by 2.42% in the past 24 hours. The current bearish outlook, aggravated by the 54% drop in volume to $856,135,342 also underscores the inherent conservative sentiment in the market at the moment. Cardano typically has interesting on-chain metrics that suggest the current gloom may not last for long. Ultimately, a rebound might be plotted when this DeFi data is properly priced in and general market sentiment changes on Bitcoin ETF hype.
by DEXWireNews
1