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Cardano price can reach 0.78 levelHi everyone, Cardano price broke all levels and set new yearly high 0.68 price level. To be honest I didn't expect this bull run in December as Cardano price rose more steadily than rapidly. At this point main resistance remaining at 0.78 price level. In case if ADA manages to break it then road to $1 becomes open. It might be that after reaching 0.78 price level there might be some price correction on Cardano. I don't think that ADA will manage to break 0.78 before Bitcoin halving happens. Cardano price already increased on more than 50% just in one week and it's not good idea to expect another 50% increasement from it. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
9
ADAUSDT|New update from Cardano and important areasHello friends, I hope you are doing well. We check the popular Cardano currency in the daily time frame. With the growth it has experienced, it has been able to pass its old ceiling, which increases the possibility of further growth for us. Up to the supply area drawn in the chart, there is no other obstacle to its growth. The supply area (0.91-0.87) and then the areas (1.16-1.16-1.25) In corrections, we can enter buying positions in demand areas (0.57-0.6) and area (0.51-0.49).
Long
by Golden_Star1994
1
📈Cardano (ADA): Bullish Breakout & Potential Targets💸💎🔍Cardano (ADA) has broken above its previous resistance level and formed a higher high on the weekly timeframe. The coin has also successfully broken through the supply zone at $0.6 and activated a rounding bottom pattern. 🛒Currently, ADA is in a good position for a long trade. However, if you want to be more conservative, you can wait for a pullback to the $0.65 zone before entering a trade. 🚀The next resistance level for ADA is between $1.1 and $1.2. We can expect the price to at least touch this level, making it our first target. The next resistance level is at $3, which is the coin's all-time high (ATH). This level is likely to hold the price for some time and could be a good area to take profits. 📊On the positive side, volume has been perfectly in line with the trend since October 2023, confirming the uptrend. There is no bearish divergence on the volume indicator. The breakout candle also had high volume, which could be the start of a new uptrend. 🗯The RSI oscillator has recently entered overbought territory, which could lead to increased market volatility. The RSI could rise to a resistance level of 81.99, in which case our first target is likely to be hit. 🛑I recommend placing a stop-loss below the previous low of $0.45. This would give you a slightly tighter risk tolerance compared to the previous recommendation, while still maintaining a reasonable risk-to-reward ratio. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
Bullish ADA movethe trend on ADA is still bullish we have had a nice push to 75 cents and then we started to retrace forming a range (Accumulation), then we had the nice push down to fill fair value gaps and also test support and we left a violet vector candle that recovered all green vectors from the left side and provided the false move for the retailers to go shorting support . this was the manipulation face and now wr are moving into the expansion phase AKA distribution higher leaving trapped shorts on the lows of the retracement ! this is refered as PO3 from ICT
Long
by HadesFutures
ADA/USDT Could ADA back to continue Upward or Go for downward ??💎 ADA's recent market performance is making waves, evidenced by a robust bullish candle on the daily close. This pattern suggests a potential resurgence in its upward trajectory, aiming for a significant resistance target. Investors and traders are closely watching this development, as a sustained upward movement could signal a strong bullish phase for ADA. 💎 However, if ADA stumbles in its ascent and fails to maintain its upward momentum, a shift in market dynamics could be imminent. Such a scenario probability would likely lead ADA to revisit and retest its support levels, a critical juncture for the asset. 💎 The support zone thus becomes a key area of focus. ADA needs to demonstrate resilience by bouncing back from this level to keep the bullish trend alive. A strong recovery from the support area would reinforce investor confidence and could reignite upward momentum. 💎 Conversely, if ADA is unable to hold above this support level and breaks down, it may trigger a slide towards lower support regions. This could lead to a more pronounced bearish trend, pushing ADA towards the next significant demand area. Therefore, the response of ADA at this support level is crucial and could dictate its short to medium-term market trajectory.
by MyCryptoParadise_Nathan
1
✴️ Cardano To Go Down With Bitcoin (Caution Advised)Let me start by saying that this statement, "to go down with Bitcoin," is only a temporary situation. It is based on an upcoming quite normal, standard and classic correction. I am a Cryptocurrency bull. But before being a bull I am your friend, your supporter, your follower, your teacher. ➖ My job is to warn you about what is happening with the charts in this Cryptocurrency market. ➖ My job is to alert you of upcoming great opportunities as well as of great potential danger. ➖ Opportunities when the market is about to grow. ➖ Danger when the market is about to retrace. But if we are smart, even the dangerous part can be turned into an opportunity; that is for advanced traders. Yesterday Cardano produced a higher high on wick compared to 14-Dec. 2023. All of the bearish bias, potential and reasoning we've been doing is based on this fact; a lower high. Now yesterday this lower high is broken, what now? Cardano (ADAUSDT) produced a higher high based on candle wick but not on close. The wick hit a high of 0.7088 (29-Feb. 2024) while the high 14-Dec. 2023 peaked at 0.6800. Now, yesterday's session closed at 0.6547 while the highest close in December happened at 0.6675. It can be tricky, but the candle close is "heavier" than the wick. Today's session did indeed go beyond yesterday's candle close but there are some early signals of weakness and the volume low. The trading volume is low, some weakness in the short-term timeframes and the bearish divergence with the RSI stays the same. One needs to look very deep into the charts to see what I am seeing, but my job is to alert you of the drop before it happens; of the rise before it takes place. I hope you are having a wonderful weekend. My heart is overflowing with love that I wish to share. I know we cannot predict the future but at least we can prepare. Thank you for reading. Feel free to follow if the content you enjoy. Your support is appreciated. Namaste.
Short
by AlanSantana
22
Cardano's Rise to Prominence: A Journey Towards the $1 MarkCardano ( CRYPTOCAP:ADA ) has emerged as a beacon of hope and optimism, charting a remarkable path towards its yearly high amidst Bitcoin's historic rally. With each upward surge, CRYPTOCAP:ADA finds itself inching closer to the coveted $1 mark, igniting excitement and anticipation among investors worldwide. February's Fantastic Performance: Cardano's performance throughout February has been nothing short of spectacular. Starting the month with uncertainty below $0.5, CRYPTOCAP:ADA defied expectations by closing above $0.70 for the first time since 2022. This surge in value was fueled by a relentless momentum, as CRYPTOCAP:ADA shattered key resistance levels week after week, instilling confidence and optimism in its trajectory. Surpassing Expectations: Despite initial doubts, Cardano ( CRYPTOCAP:ADA ) showcased its resilience by surging to a new yearly high of $0.71, surpassing expectations and solidifying its bullish structure. With an overwhelmingly positive long-to-short ratio, market sentiment remains bullish, with widespread anticipation for ADA to breach the $1 milestone. Challenges and Opportunities: However, CRYPTOCAP:ADA 's journey towards $1 is not without challenges. Liquidity gaps, resulting from rapid price surges, pose a potential obstacle that CRYPTOCAP:ADA must overcome to sustain momentum. Yet, amidst these challenges lie opportunities, as Bitcoin's rally paves the way for increased market participation and potential capital inflows into $ADA. Looking Ahead: As CRYPTOCAP:ADA navigates the coming weeks, the cryptocurrency community eagerly awaits to witness whether Cardano can achieve the highly anticipated $1 milestone or consolidate at its current levels. Market dynamics remain unpredictable, emphasizing the importance of considering alternative perspectives and opinions when evaluating ADA's future performance. Why It Matters: Cardano's ascent amid Bitcoin's rally underscores the interconnected nature of the cryptocurrency market. As Bitcoin stabilizes, the potential for funds to flow into ADA presents an exciting opportunity for market participants and CRYPTOCAP:ADA holders alike, potentially propelling ADA's price beyond $1 for the first time in nearly two years. In Conclusion: Cardano's journey towards the $1 mark symbolizes more than just a numerical milestone—it represents resilience, optimism, and the transformative potential of cryptocurrencies. As CRYPTOCAP:ADA continues to make strides in the crypto landscape, its pursuit of $1 serves as a testament to its growing prominence and significance within the broader crypto ecosystem.
Long
by DEXWireNews