Cardano Struggles At Resistance Expert Sees A Retest of Lower Support Levels

Cardano (ADA) is trading at a critical juncture after several days of sideways consolidation around the $0.70 level. While bulls have attempted to defend this zone, upward momentum has faded, and selling pressure is beginning to mount. The market appears hesitant, with traders uncertain about the next directional move amid growing volatility across the crypto space. Related Reading: Ethereum Breaks Massive Downtrend Price Structure Momentum Shift? Crypto analyst Ali Martinez recently shared a technical analysis indicating that Cardano has been rejected at the top of its descending channel. This key resistance trendline has capped multiple rally attempts in recent months. This rejection suggests that ADA may be poised for another leg down, especially if broader market sentiment continues to weaken. If the current pressure persists and bulls fail to reclaim higher levels, Cardano could be on track to retest lower support zones. With momentum fading and technical rejection in play, the coming days could determine whether Cardano stabilizes or faces deeper downside in the short term. Traders and investors are advised to watch closely as ADA teeters on the edge of a potential breakdown. Cardano Faces Pullback After Rallying 40% From April Lows Cardano is trading at its lowest level in two weeks, following a failed attempt to reclaim higher supply zones near the top of its descending channel. After gaining over 40% from its early April lows, ADA showed strong signs of a potential trend reversal. However, recent price action has stalled, and the altcoin now finds itself under renewed selling pressure as broader market uncertainty weighs on momentum. Martinez highlighted that Cardano was recently rejected at the upper boundary of its descending channela technical level that has acted as resistance for months. This rejection has opened the door to a possible move lower, with downside targets at $0.63 and $0.54 if bearish pressure continues to mount. These levels coincide with previous demand zones and could serve as critical support for a potential rebound. Despite the short-term weakness, Cardanos longer-term setup still holds promise. The sharp recovery in April demonstrated strong interest from buyers, and if ADA can reclaim resistance near $0.75$0.80, the rally could quickly regain traction. Until then, the market remains in a wait-and-see mode. Meanwhile, macroeconomic tensionsfrom global trade disputes to uncertainty over US monetary policycontinue to drive volatility across financial markets. The entire crypto sector is currently ranging below key resistance levels, and Cardano is no exception. For now, ADA traders are watching closely to see whether the current pullback leads to deeper losses or offers a new entry point ahead of the next leg up. The next few days will be pivotal in defining the direction of Cardanos price action. Related Reading: Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal ADA Price Analysis: Testing Crucial Demand Cardano is currently trading at $0.6563, marking its lowest level in two weeks and signaling growing bearish momentum. After consolidating near $0.70, the price failed to reclaim the 200-day EMA at $0.7101 and remains well below the 200-day SMA at $0.7797. This rejection from both long-term moving averages reflects weak bullish conviction and confirms that ADA is still trading within a broader downtrend. Volume has remained relatively flat during the recent dip, suggesting a lack of strong buyer support at current levels. The price structure also shows ADA struggling to establish higher lows, which raises the risk of a deeper retracement. If selling pressure continues, ADA could move toward the next key support around $0.63. A breakdown below that level could expose the market to further downside toward $0.54, aligning with the lower boundary of the descending channel identified by analysts like Ali Martinez. Related Reading: Ethereum Tests Critical Range: Breakout Or Breakdown? To regain bullish momentum, Cardano must break back above $0.70 and hold it as support. Until that happens, the bias remains to the downside. For now, traders should closely monitor volume shifts and broader market sentiment, as ADA teeters on the edge of a potential breakdown within its long-term bearish structure. Featured image from Dall-E, chart from TradingView

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Cardano Consolidates In Symmetrical Triangle Analyst Sets Bull/Bear Price Targets

Cardano has surged more than 40% from its early April lows, signaling renewed bullish interest across the altcoin space. As the broader crypto market faces macroeconomic uncertainty and consolidates just below major resistance levels, ADA is now entering a critical phase. Price action remains range-bound, but sentiment is shifting as investors eye key technical patterns that could define the next move. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days Accumulation Trend Accelerates Top analyst Carl Runefelt recently highlighted that Cardano is consolidating within a symmetrical triangle on the 4-hour charta pattern often preceding sharp breakouts. This technical formation suggests that ADA is coiling for a decisive move, with bulls and bears battling for short-term control. The current range continues to tighten over the weekend, with volatility expected to return once a breakout direction is confirmed. A move above $0.7730 would indicate bullish continuation and potentially trigger another leg up toward the $0.85$0.90 zone. On the flip side, losing support near $0.6280 could spark a broader correction. As long as ADA holds its structure and stays above key moving averages, the bullish trend remains intact. Cardano Set For Breakout As Buyers Regain Short-Term Control Cardano is showing signs of strength despite trading in a tight consolidation range just below the $0.75 mark. After gaining over 40% from its early April lows, ADA has entered a crucial phase, with bulls gradually regaining control. The recent price action suggests that a breakout could be on the horizon, especially if ADA maintains its current support levels and builds further momentum. For the past few days, Cardano has traded sideways, struggling to break above the $0.75 resistance level. While this range-bound movement has frustrated some traders, it also reflects market stability, a common precursor to large directional moves. If bulls manage to push ADA above the $0.7730 resistance, a sustained rally could follow, potentially targeting the $0.85 and even $0.90 zones. Runefelt shared technical insights showing that Cardano is forming a 4-hour symmetrical triangle, a structure that often precedes sharp breakouts. The apex of the triangle is nearing, meaning a decisive move is likely within the next few sessions. The key bullish breakout level remains at $0.7730. On the flip side, a breakdown below the $0.6280 support would invalidate the bullish structure and could trigger a broader retracement. Overall, Cardano remains well-positioned for upside if it can reclaim resistance and confirm a breakout. Bulls will need to step in decisively to avoid a fakeout or extended consolidation. As the broader crypto market consolidates near highs, ADAs setup is one of the more promising among large-cap altcoins. The next move could set the tone for Cardanos trend in the weeks ahead. Related Reading: Cardano Whales Accumulated 410 Million ADA In April Breakout Coming? ADA Price Analysis: Consolidation Continues Cardano (ADA) is currently trading at $0.6963, consolidating just below the 200-day moving average (SMA) at $0.7766 and slightly under the 200-day exponential moving average (EMA) at $0.7113. This tight compression suggests a pivotal moment is near, especially as ADA attempts to hold its ground above the $0.67 short-term support. Price action on the daily chart shows that ADA has been coiling in a narrow range following its 40% rebound from April lows. Despite the broader market showing strength, ADA hasnt yet managed to break above the confluence of moving averages overheada necessary step to flip the market structure decisively bullish. The $0.77-$0.78 level remains the critical resistance to reclaim. A daily close above this zone could validate a breakout and push ADA toward the psychological $1.00 mark, last tested in early January. Related Reading: SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus Volume has been relatively muted during this consolidation, which typically precedes a major move. On the downside, losing the $0.67 level would be a bearish signal and could open the door to a retest of $0.62 or even $0.58. Featured image from Dall-E, chart from TradingView

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Cardano (ADA) Breakdown to $0.44 is Possible as Market Turned into Bearish Phase

Cardano (ADA) is in the middle of a volatile period as it struggles with key technical levels. Following the failure to break a major resistance trend line, ADA has retraced, once more testing a crucial support area, one that trader sentiment suggests could set its path for the near and mid term. Market analysts noted […]

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Cardano Breakout Confirmed: ADA Targets $1.28 and $1.48 After Descending Wedge

Cardano (ADA) is displaying remarkable strength, sustaining above a critical level of support as the broader market of cryptocurrencies experiences a bull trending wave. With Bitcoin testing resistance at approximately $93K and supporting a broader recovery, ADA ranks among the altcoins benefiting from significant upward momentum from the same uptick. At the time of writing, […]

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Cardano Price Analysis: ADA Gains Momentum, Eyes $0.75 After Breaking Key Levels

Cardano (ADA) is on a positive price trajectory after several weeks of volatility and downward pressure triggered by a huge sell-off in the overall market and macro factors that caused fear among market participants. As of now, the overall market has turned from bearish to bullish with the recent BTC surge. ADA is one of […]

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Cardano Bulls Eye $10 Target Analyst Reveals Key Levels To Break

Cardano (ADA) has been caught in massive volatility and extreme price swings, making it one of the most unpredictable assets in the crypto market. Following US President Donald Trumps announcement of a US Strategic Crypto Reserve, which included Cardano, ADAs price skyrocketed over 80% in less than a day, fueling speculation about its long-term role in institutional adoption. Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours Supply Squeeze Incoming? However, the excitement was short-lived, as negative macroeconomic sentiment and fears surrounding global trade wars triggered a sharp 35% decline within just two days. As uncertainty grips the financial markets, traders remain cautious about whether ADA can regain momentum or if more downside is ahead. Despite the recent sell-off, top analyst Ali Martinez shared a technical analysis suggesting that Cardano remains positioned for a potential surge toward $10. According to his insights, bulls must reclaim key technical levels for a strong recovery, with ADA still showing bullish potential despite short-term weakness. With Cardanos price action at a critical point, the coming days will be crucial in determining its next move. If bulls can stabilize ADA above key support, the potential for another explosive rally remains on the table. Cardano Could Start A Massive Move Cardano (ADA) has been overperforming compared to the broader crypto market over the past week, showing relative strength despite ongoing volatility. However, price action remains confined within a range that first began forming in November 2024, preventing a clear breakout in either direction. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength Analyst If bulls can hold the current levels, ADA could soon attempt a push above multi-year highs, setting the stage for a significant bullish move. However, analysts remain cautious as prices are still low, and investor sentiment remains fearful amid macroeconomic uncertainty and trade war tensions. Many traders are waiting for confirmation of a breakout, as momentum has yet to fully shift in favor of the bulls. Martinez’s technical analysis on X reveals that Cardano is still positioned for a potential surge toward $10. According to Martinez, for this bullish scenario to unfold, ADA must maintain support above $0.80 while successfully breaking through the key $1.20 resistance level. These price points serve as crucial pivot zones, and their validation or failure will likely determine Cardanos short-term trend. The next trading sessions will be crucial, as a break above $1.20 could trigger a strong upward move, while failure to hold above $0.80 could lead to further downside risk. With ADA currently at a pivotal moment, traders are closely monitoring price action to gauge whether bulls can regain control or if continued consolidation is ahead. Price Action Details: Technical Analysis Cardano (ADA) is currently trading at $0.80 after failing to hold above the key $1 level. Despite recent strong performance compared to the broader market, ADA has struggled to maintain bullish momentum, leaving traders uncertain about its next move. For bulls to regain control, ADA must reclaim the $1 mark and push above the critical $1.17 resistance level. A break and hold above this zone could trigger a massive rally, potentially sending Cardano to multi-year highs. Such a move would signal renewed buying interest, boosting confidence among investors and traders who are watching ADAs long-term potential. Related Reading: Solana Consolidates In A Wide Range Big Move On The Horizon? However, failure to break above $1 and hold the crucial $0.80 support level could expose Cardano to further downside risk. A breakdown below $0.80 would likely send ADA into lower demand zones, extending its consolidation phase and delaying any significant recovery. Featured image from Dall-E, chart from TradingView

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Cardano (ADA) Prepares for Major Breakout With 8X Rally Potential

Cardano (ADA) is showing strong signs of an upcoming breakout as market conditions improve. After recently reaching a high of $1.12, ADA faced a sharp sell-off triggered by Trumps tariff announcement, which caused a widespread downturn in the crypto market. However, with the market transitioning back into a bullish phase, Cardano is once again in […]

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Whales Bought 420 Million Cardano After Trumps U.S. Strategic Crypto Reserve Announcement Insights

Cardano has seen massive volatility since last weekend after an explosive 80% price surge, fueled by President Trumps announcement that ADA will be part of the U.S. Strategic Crypto Reserve. The news triggered a wave of buying activity, sending Cardano soaring as investors reacted to the unexpected endorsement. Related Reading: Ethereum Breaks Below Parallel Channel Is ETH Collapsing To $1,250? However, the excitement was short-lived as ADA dropped over 35% in the following days, dragged down by a broader market meltdown. The sharp correction left traders questioning whether Cardano could sustain its momentum or if it would struggle alongside the rest of the crypto market. Despite the recent pullback, analysts and investors remain bullish, believing ADA is well-positioned for future gains once market conditions improve. Many expect Cardano to outperform in the next rally, especially given the strong accumulation trends seen among major players. On-chain data from Santiment reveals that whales accumulated over 420 million ADA following Trumps announcement, indicating confidence in the assets long-term potential. This surge in whale activity suggests that institutional and high-net-worth investors are positioning themselves ahead of the next market move. Cardano Prepares For A Historic Rally Cardano is currently trading below crucial liquidity around $1 after days of massive volatility, struggling to maintain stability as selling pressure intensifies. Bulls are attempting to reclaim control, but the overall market remains uncertain, with extreme selling pressure keeping ADA from making a decisive move. Despite the recent decline, analysts are still calling for a breakout, though sentiment remains divided. The broader crypto market is in a state of uncertainty, with investors cautious about the next major move. Until Cardano can establish strong support and break through key resistance, traders remain on edge. However, on-chain data suggests growing optimism among major investors. Ali Martinez shared Santiment data on X, revealing that following President Trumps announcement of the U.S. Strategic Crypto Reserve, whales accumulated over 420 million ADA. This signals confidence among high-net-worth investors who see long-term value in Cardano despite short-term volatility. Notably, this whale accumulation trend has been ongoing since late 2024, with large holders buying ADA whenever prices drop. This suggests that whales are strategically positioning themselves for future price action, expecting Cardano to perform well in the next market cycle. Related Reading: Litecoin Fails To Break Key Resistance Level Again Can Bulls Hold Range Lows? The next few weeks will be crucial as market volatility intensifies. If bulls can reclaim key levels, ADA could see a strong recovery. However, failure to hold current support may lead to further downside pressure, aligning with the broader markets struggles. Investors are now watching closely to see whether Cardano can withstand the turbulence and set up for its next major move. Price Testing Crucial Resistance Level Cardano (ADA) is currently trading at $0.95 after a period of massive price swings, surging from $0.65 to $1.17, only to drop back to $0.75 before rebounding to current levels. This extreme volatility has kept traders on edge as ADA struggles to establish a clear trend. For bulls to regain control, reclaiming the $1 mark with conviction is crucial. A decisive breakout above this psychological level could signal a major rally, potentially pushing ADA beyond multi-year highs around $1.30. Such a move would reinforce bullish momentum and set the stage for further price expansion in the coming weeks. However, holding above $0.75 remains essential to prevent further downside pressure. This level has acted as a key demand zone, supporting ADA through multiple retracements. A breakdown below $0.75 could trigger renewed selling pressure, extending losses and delaying any potential recovery. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern Analyst Sets $0.43 Target With market volatility still high, traders are watching whether ADA can hold its ground and push higher. If bulls manage to flip $1 into support, the next leg up could come quickly. Otherwise, continued consolidation within this range may prolong uncertainty before the next major move.

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Cardano Price Prediction: Whales Accumulation and Bullish Signs Set Stage For +264% Surge

Cardano (ADA) is experiencing a strong rally, riding the bullish wave alongside the broader crypto market. A key catalyst behind this surge is the recent statement from Federal Reserve Chairman Jerome Powell, who announced a significant reduction in Quantitative Tightening (QT) and hinted at a gradual return to Quantitative Easing (QE) levels. This dovish stance […]

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Social Media Loves Cardano, But The Chart Signals Caution

Despite high optimism among Cardano (ADA) supporters, a look at the weekly chart (ADA/USDT) suggests the exuberance may be premature. While bullish sentiment has grown in tandem with recent regulatory nods, ADAs price action remains under critical resistance, flashing cautionary signals such as a bearish engulfing pattern. Cardano: Rising Hype Vs. Bearish Technicals On-chain analytics firm Santiment notes today a distinct rise in social media optimism for Cardano on X: Specific altcoins like Cardano are seeing high positive sentiment on social media. Aided by the fact that the SEC classified ADAs use case as smart contracts for government services, the altcoins community has pushed up bullishness to its highest rate in over 4 months. Related Reading: Cardano Is About To Break Free Breakout Above Crucial Supply To Trigger A Big MoveAnalyst Santiment further highlights that Cardanos crowd sentiment has hit the highest bullish mark in over 4 months. Over 3.5 positive comments per 1 negative comment toward ADA, highest since Oct. 30 – Nov. 6 week, Santiment notes. However, this social media euphoria hasnt translated in a bullish price action yet. Currently trading around $0.71, ADA has once again pulled back after ADA was announced to be included in the Strategic Crypto Stockpile by US President Donald Trump. Of particular concern to technical traders is the bearish engulfing candle that formed after the announcement and the subsequent retreat. This pattern occurred three weeks ago when the large red candle completely encompassed the prior green candles price range, potentially indicating a shift in momentum back toward the bears. Since then, ADA retraced further. On the moving averages front, Cardano remains sandwiched beneath the 20-week EMA at $0.7883, which itself is trending downward. Below current prices, the 50-week EMA at $0.6679, the 100-week EMA at $0.59, and the 200-week EMA at $0.5255 could act as layered support. If ADA fails to secure a foothold above $0.74-$0.78, these EMAs become increasingly relevant for gauging additional downside risk. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Tracing Fibonacci retracements from the all-time high at $3.0984, the chart reveals additional checkpoints above current resistance. The 0.236 Fib level at $0.8990 stands as the most crucial boundary if bulls can clear $0.78. Beyond that, $1.3193 (0.382 Fib), $1.6590 (0.5 Fib), and $1.9987 (0.618 Fib) represent more distant objectives tied to broader recovery scenarios. However, the bearish engulfing formation underscores the reality that momentum recently swung back to sellers favor. Typically, such a pattern suggests increased downward pressure, at least in the short to medium term, unless a swift upside move reverses the underlying trend. This seems to play out at the moment. The Relative Strength Index (RSI) near 48 confirms this lingering indecision. Currently, the broader altcoin market currently appears heavily influenced by declining Bitcoin dominance and overarching macroeconomic conditions. All eyes are on todays FOMC meeting and the updated dot plot, which will be pivotal for risk assets. Any indication of quantitative tightening (QT) easing or dovish signals could serve as a catalyst for renewed strength across the altcoin sector. Featured image from Shutterstock, chart from TradingView.com

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Charts Reveal Cardano Holds Key Support Zone Staying Above Could Set The Next Move

Cardano (ADA) has faced massive volatility and extreme price swings, with panic spreading across the crypto market as altcoins continue to struggle. Over the past few days, ADA has dropped more than 28% since last Thursday, adding to the growing negative sentiment surrounding altcoins. As uncertainty grips the market, investors are closely watching whether Cardano can stabilize or if further downside is ahead. Related Reading: Ethereum Breaks Out Of Descending Triangle Pattern Fakeout Or Recovery Rally? Despite the bearish sentiment, key insights suggest that Cardano could be preparing for a recovery rally. Top analyst Ali Martinez shared a technical analysis on X, revealing that ADAs key support zone lies between $0.80 and $0.66. Holding above this level has been crucial for setting up a market rebound. If ADA can maintain support within this range, it could set the stage for a strong recovery, potentially leading to a renewed push toward higher resistance levels. With fragile market conditions, the coming days will be critical for Cardanos next move. Traders are watching whether ADA can hold key levels or if continued selling pressure will drive prices lower. A successful defense of support could mark the beginning of a recovery, but failure to hold may signal further downside risk. Cardano Remains Stable: What To Expect? Cardano has been overperforming compared to the broader market over the past week, showing resilience amid ongoing selling pressure. While many altcoins have suffered significant declines, ADA has remained relatively stable, holding key support levels. However, price action is still confined to a range that first began forming in November 2024, preventing a clear breakout in either direction. Related Reading: Cardano Bulls Eye $10 Target Analyst Reveals Key Levels To Break If bulls can defend the current levels, ADA could soon attempt a push above multi-year highs, potentially leading to a strong recovery rally. Despite its recent stability, analysts remain cautious, noting that prices remain low, and sentiment suggests that many investors are still fearful. The next few weeks will be crucial in determining whether Cardano can sustain its momentum or if further downside is ahead. Martinez’s technical analysis highlights that, when looking at the bigger picture, Cardanos key support zone lies between $0.80 and $0.66. He noted that holding above this critical range would be essential in determining ADAs next major move. If ADA remains within this zone and starts to gain momentum, it could set the stage for a significant breakout, fueling a move toward higher resistance levels. With market conditions still uncertain, traders are closely watching whether ADA can maintain its strength or if selling pressure will intensify. If bulls hold key support levels, Cardano could be one of the first altcoins to break out once market conditions stabilize. However, falling below the $0.66 mark would indicate further downside risk, potentially delaying any near-term recovery. ADA Price Action Details Cardano (ADA) is currently trading at $0.74, holding slightly above the 200-day Exponential Moving Average (EMA). This level has become a key support zone, and bulls must defend it to maintain a chance for recovery. If ADA holds above this mark and reclaims the $0.82 level in the coming days, it could signal renewed bullish momentum and set the stage for a push toward the $1 mark. This psychological resistance has historically played a crucial role in ADAs price action, and flipping it into support would confirm a strong recovery trend. However, failing to hold current levels could expose ADA to massive selling pressure, increasing the risk of further downside moves. A break below the 200-day EMA would likely send ADA into lower demand zones around $0.60, reinforcing bearish sentiment. Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours Supply Squeeze Incoming? With Cardano at a pivotal moment, traders are watching closely to see whether bulls can sustain the current support or if another wave of selling will push prices lower. The next few trading sessions will be critical in determining ADAs short-term direction and whether it can stage a meaningful recovery. Featured image from Dall-E, chart from TradingView

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Cardano Could Explode By 1,850% In Monster Parabolic Rally: Analyst

A new analysis by crypto strategist Ali Martinez suggests that Cardano (ADA) might be on the cusp of a significant upward movepotentially reaching the $15 price mark, which would represent a staggering 1,850% rally from current levels near $0.76. If historical data is any guide, Cardano could be at the very beginning of a monster parabolic rally! Martinez writes via X. Cardano Fractal Analysis Points To Major Upside Martinezs chart (published on the 3-day timeframe) draws a parallel between Cardanos price action in the 20182021 cycle and its present structure, highlighting a near-identical fractal pattern. In the previous cycle, ADA consolidated for several months within a defined horizontal range before staging a decisive breakout and retest of the upper boundary. That retest then led to a parabolic ascent spanning late 2020 into 2021. In the current cycle, Cardano appears to be retesting a similar support line, shown on Martinezs chart as a horizontal band around $0.76$0.80. If ADA were to follow the same trajectory that transpired in its last major rally, Martinezs monster parabolic rally fractal implies a surge toward $15. Related Reading: Cardano Price Breaks Down From Ascending Channel, Here Are Two Ways It Could Go Immediate Support is currently at $0.76$0.80. According to the chart, ADA is hovering just above a critical support zoneits role in the previous cycle was to provide a springboard for the bull run that followed. The next significant resistance level is around $1.60, aligning with the upper boundary of the grey-highlighted zone on the chart. Notably this price level also aligns with the 0.5 Fibonacci retracement level drawn from the last bull market peak to the bear market bottom. In the long term, the grey extended price line in Martinezs chart illustrates the fractal-based projection, indicating that ADA could ultimately surge toward the $15 region. If ADA continues to follow this trajectory, the area between the 0.618 Fibonacci level ($2.00) and the 0.786 Fibonacci level ($2.47) could act as a temporary resistance zone, potentially causing a brief consolidation before the rally resumes its upward momentum. Related Reading: Cardano Consolidates Within A Symmetrical Triangle Expert Sees A 40% Move Once It Breaks Martinezs view hinges on the idea that crypto markets often exhibit cyclical behaviors. In Cardanos last major cycle, once a key horizontal level was reclaimed and successfully retested, momentum accelerated sharply, culminating in an explosive move. With the current market once again retesting a crucial support zone, Martinez posits that the table is set for another extended bull phase. Of course, fractals are not guarantees of future performance; rather, they are visual aids that highlight how price structures can echo past market behavior. Whether Cardano follows this script depends on broader market conditions and investor sentiment. Still, the analysts forecast underscores why $0.76 is a level to watch. At press time, ADA traded at $0.74. Featured image from Shutterstock, chart from TradingView.com

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Cardano (ADA) Price Analysis: Experts Anticipate Bullish Turnaround

Cardano’s (ADA) price has displayed a robust support level above $0.488, maintaining a lackluster performance throughout the past month. However, industry experts suggest a potential reversal of fortunes for ADA, with a projected price surge expected to kick off in April 2024. Cardano (ADA) Price Projections Crypto analyst Ali Martinez draws parallels between ADA’s current […]

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Cardano Remains In Consolidation Expert Projects 25% Price Move

Cardano is trading above key demand levels after experiencing a volatile Friday. The market reacted sharply to the news of Bybits $1.4 billion hack, causing widespread fear and uncertainty. Prices across the crypto market, including Cardano, dropped from local highs, testing critical support levels. ADA fell over 7% on Friday as panic-driven selling took hold, but the market has since stabilized as Bybit reassured investors with a strong response. Related Reading: Bitcoin Faces Serious Price Compression What Happened Last Time Despite the short-term volatility, analysts remain optimistic about ADAs next move. Top analyst Ali Martinez shared a technical analysis on X, revealing that Cardano remains in a consolidation phase and is setting up for a potential 25% price move. Historically, consolidation at key demand levels has led to strong breakouts, and if ADA maintains support above its current range, a bullish move could follow. Investors are closely watching the price action as ADA continues to trade within a tight range. If bullish momentum builds, a breakout could send Cardano toward higher supply zones, confirming a new upward trend. However, if market sentiment weakens, a deeper retrace into lower demand levels may occur. The next few days will be crucial in determining Cardanos short-term direction. Cardano Holds Key Demand Amid Uncertainty Cardano is holding above key demand levels amid recent uncertainty and fear triggered by Bybits hack. The event shook the market, causing a wave of selling pressure that pushed most altcoins, including ADA, into low demand levels. The extreme selling pressure that began in late December remains a concern for investors, as volatility continues to dominate price action. Despite this, ADA has managed to maintain its position above critical support zones, fueling speculation about a possible recovery. Bulls are growing increasingly cautious as ADA struggles to reclaim key supply levels. Many investors remain hopeful that the current consolidation phase will lead to a breakout. Martinez’s analysis on X suggests that Cardano remains in consolidation and could be setting up for a potential 25% price move. Historically, periods of extended consolidation at major support levels have led to explosive rallies, and ADAs current positioning could indicate a major move is on the horizon. If Cardano successfully reclaims key supply levels and pushes above resistance zones, a massive recovery rally could follow, propelling prices toward multi-month highs. However, losing its current demand zone could trigger a significant correction, further extending ADAs downward trend. The next few days will be crucial in determining the direction of Cardanos price action. Related Reading: Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run Details ADA Prepares For A Move Cardano (ADA) is trading at $0.76 after failing to reclaim the $0.82 mark for the second time. The price has been struggling to gain momentum, with selling pressure keeping it below key resistance levels. Bulls need to push above $0.82 and hold it as support to establish a foundation for higher prices. If ADA successfully reclaims this level, the next key target is $0.85, which aligns with the 4-hour 200 moving average, a critical indicator for short-term strength and momentum. For ADA to confirm a bullish recovery, buyers must defend the $0.73 level over the coming days. Holding above this level will demonstrate strength and allow the price to build a base for a potential rally. However, if Cardano fails to hold above $0.73, further downside could be expected, with the risk of a drop into lower demand zones. Related Reading: Ethereum Holds Key Support Analyst Doubts Bears Can Defend $4K Anymore Investors remain cautious as ADA continues to trade within a tight range, and a breakout in either direction could set the stage for the next major move. If bulls manage to reclaim key resistance levels, a strong recovery rally could follow. However, failure to break above resistance could keep ADA trapped in consolidation for an extended period. Featured image from Dall-E, chart from TradingView

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Cardano Poised For Massive Rally As Key Indicators Signal Bullish Reversal, ADA Surges 14%

ADA, the native token of the Cardano ecosystem, has experienced a notable surge in price, taking advantage of Bitcoin’s (BTC) stagnation above the $52,000 level. With gains of 20% and 14% over the past thirty and fourteen days, respectively, ADA has reignited bullish sentiment among investors. The token’s recent performance has not gone unnoticed, as crypto analyst “Trend Rider” makes a bold price prediction, highlighting key indicators that suggest a potential long-term bull run for ADA. ADA’s Potential Bull Run Ahead In a social media post on X (formerly Twitter), Trend Rider emphasized that ADA is striving to consolidate above the crucial $0.600 mark, which holds significant prospects for the token’s future.  The analyst drew attention to an indicator called Impulse colors, which tracks the price distance from key moving averages. During the bear market, opposing trends were predominantly indicated by fuchsia and pink hues as seen in the chart below. However, recent weeks have witnessed a return to dark blue, the most bullish color on this scale. Notably, this shift in momentum last occurred in 2020 when ADA’s price surged from $0.03 to $1.4 before the re-emergence of pink hues. Furthermore, Trend Rider highlighted another positive development the Wave Oscillator has re-entered the positive zone after 20 months. According to the analyst, this shift indicates growing bullish momentum for ADA.  The pivotal level identified in this context is the $0.60 mark. To solidify this shift, ADA’s price must hold and close above $0.60, which may catalyze a bullish long-term breakout.  Related Reading: Ethereum Receives Nod Of Approval From Berstein: ETH Price Will Reach $10,000 It is worth noting that this analysis is based on the 1-month timeframe, which significantly influences long-term market movements. These indicators suggest that ADA may be poised for a sustained uptrend, potentially paving the way for a long-term bull run.  Cardano Sustained Bullish Trend According to the one-day ADA/USD chart below, Cardano’s token reached a 21-month high of $0.679 on December 28, which marked the beginning of a period of volatility in ADA’s price. Following a price correction, ADA dropped to $0.449 on January 23.  However, in line with the overall market trend, ADA has regained bullish momentum. Nonetheless, this upward movement may face resistance from bears as it encounters various obstacles. If the current uptrend continues in the coming weeks, ADA must overcome significant resistance levels that have hindered its growth above the $0.679 mark.  Successful consolidation above the critical $0.600 level will be crucial. ADA will face the $0.637 obstacle soon before potentially surging above $0.670, the last hurdle before reaching $0.700. Reaching this milestone would position Cardano’s native token favorably to target the $1 mark, benefiting from the overall market growth expected in the coming months of 2024. Related Reading: Crypto Analyst Lays Out XRP Price Roadmap For 1,350% Surge Adding to the bullish prospects for Cardano, ADA has been establishing higher lows and higher highs during its price surge, indicating a healthy price action and a sustained bullish trend. However, it remains to be seen whether this trend can be sustained or if bears will dictate ADA’s future price direction. Featured image from Shutterstock, chart from TradingView.com

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On-Chain Metrics Reveal Cardano Whales Are Buying The Dip Details

Cardano (ADA) has been through a rollercoaster of volatility, with the price experiencing significant ups and downs over recent weeks. After hitting a local top of $1.32, ADA retraced over 30%, dropping to $0.91 before returning to a critical support level. This price action has left investors speculating whether the current recovery marks the start [...]

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Cardano’s worst week since May 2021 is over — Will ADA price rebound 40%?

Cardano (ADA) bounced modestly after nosediving nearly 30% in the last week, its worst seven-day performance since May 2021, when the Terra collapse sparked a cryptocurrency market crash. Nonetheless, ADA looks ready to undergo a sharp recovery in the coming months, based on technical analysis. ADA price up 30% from six-month lows On June 12, [...]

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Bullish Signs For Cardano: Expert Forecasts $6 Price Target As Buying Pressure Grows

Cardano (ADA), currently ranked as the ninth-largest cryptocurrency, has emerged as one of the market’s top performers. It has experienced an impressive 108% increase over the past two weeks, propelled its price to a 32-month high, fueled by a wave of bullish sentiment following Donald Trump’s presidential victory on November 5. Potential For Cardano To Reach New All-Time Highs Crypto analyst Ali Martinez recently highlighted ADAs massive performance in a post on X (formerly Twitter), noting that the cryptocurrency has surged nearly 200% in the last three weeks. Despite this significant increase, Martinez suggests that even greater gains may be on the horizon. In his analysis, Martinez pointed out that whales and institutional investors strategically positioned themselves for future price movements. He reported that the volume of large transactions on the Cardano network has surpassed $22 billion daily, indicating a high accumulation level among significant holders.  Notably, whalesindividuals or entities holding between $1 million and $10 million in ADAhave increased their positions by over 100% in the past month, signaling confidence in Cardano’s potential. Related Reading: XRP Price Outlook Brightens: Expert Predicts $2 Target Post-Gensler Era Martinez further elaborated on ADA’s price action, suggesting that the ongoing buying pressure mirrors patterns observed in previous bullish cycles. He posits that if this trend continues, Cardano’s price could target the $6 mark, which would nearly double its all-time high of $3.09 reached during the 2021 bull run.  Such a price increase would represent a staggering 461% surge from its current levels. Yet, for this bullish thesis to hold, Martinez emphasizes the importance of $0.80 support.  The analyst notes that approximately 48,000 ADA addresses purchased nearly 1.20 billion coins at this price point, which may provide a solid foundation for future growth.  Previously, Martinez predicted that if history repeats itself, the Cardano price could see a market top by September 2025, suggesting 10 months of what could be one of the biggest gains not only for ADA but for the broader crypto market. ADA Price Targets $1.25 Resistance Level Further supporting Martinez’s bullish predictions, other analysts have weighed in on Cardano’s (ADA) recent performance. Rekt Capital has noted a “phenomenal run” for ADA, indicating that the cryptocurrency has confirmed a new macro uptrend.  Rekt highlighted that the last time ADA broke through the $0.72 level, the price subsequently rallied to its $3 record peak, suggesting a similar potential for future growth. Related Reading: Ethereum Attempts Key Breakout: Analysts Set Next Target As ETH Reclaims $3,200 Another analyst, known as Sssebi, shared his insights predicting that once ADA surpasses the $1.60 mark, it could experience a swift ascent to $2.40. He emphasized that this upward momentum would set the stage for an all-time high to be within reach.  However, the analyst also cautioned that the next resistance area to watch is at $1.25, indicating that while the outlook is optimistic, a retracement could occur in the near term. At the time of writing, ADA was trading at $1.07, down 1% for the 24-hour period. Featured image from DALL-E, chart from TradingView.com

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Cardano Faces 30% Correction Risk After Drop In Large Holders Netflow Details

Cardano (ADA) is currently trading near its yearly lows after months of underwhelming price action. Since early August, the price has struggled to hold above the crucial $0.36 level. This shift has left ADA in a precarious position, with investors and traders watching for signs of a potential recovery. Related Reading: Dogecoin Could Break Yearly Highs Any Moment Now Crypto Analyst Data from IntoTheBlock highlights a significant drop in whale activity over the past month, raising concerns about further downside pressure. The decrease in large transactions suggests that major holders may be stepping back, adding to the likelihood of a deeper correction for the altcoin. If ADA fails to break above the $0.36 resistance in the coming days, a 30% retrace to lower demand levels seems inevitable. Market participants are awaiting confirmation of either a breakout or further declines as the broader market remains uncertain. The next few days will be crucial for determining Cardano’s short-term direction. Cardano Whales Leaving Early? Cardano is at a crucial liquidity level, with on-chain metrics indicating a potential for further decline, especially given the significant decrease in whale activity. Recent data from IntoTheBlock highlights a concerning trend: ADA whales, or large investors, have increasingly sold their holdings over the past month. This trend is evident in the 100% fall in ADAs large holders netflow, which refers to the balance between the amount of the coin these addresses buy and the amount they sell. Large holders are addresses with over 0.1% of Cardano’s circulating supply. When the flow declines, these investors sell more coins than they buy, signaling a potential loss of confidence in Cardano. This lack of confidence often trickles down to retail investors, leading them to sell their holdings. The drop in ADA’s whale concentration over the past month confirms this selling activity, raising concerns about ‘Smart Money’ potentially exiting the Cardano ecosystem. If this trend continues, it could push ADA below its current liquidity level, resulting in a deeper correction. Related Reading: Solana Bullish Pattern Signals Massive Gains Ahead 2021 Rally Could Repeat Market participants are closely monitoring these developments, as the exit of large holders could signal a bearish sentiment that may lead to a significant price decline. As Cardano navigates this critical phase, investors will watch for signs of recovery or further weakness in the coming days. Key Levels To Watch  Cardano (ADA) is currently trading at $0.35 after experiencing days of choppy price action below the critical $0.36 resistance level. The price is 15% below the 1D 200 exponential moving average (EMA) at $0.40, a key area of resistance that bulls must overcome to reverse the prevailing downtrend. This crucial level was lost in April, and since then, ADA has failed to close above it four times. If the price continues to struggle, a deeper correction to fresh yearly lows at $0.25 could be in store. Such a move would represent a significant 30% retracement from current levels, further intensifying bearish sentiment in the market. Investors are aware of these critical price points, as a failure to reclaim the EMA and break through the $0.36 resistance may lead to increased selling pressure. Related Reading: Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand Traders will look for signs of strength or weakness in ADA’s price action to determine the likelihood of a potential breakout or a more profound decline in the coming days. Featured image from Dall-E, chart from TradingView

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Cardano Consolidates Within A Symmetrical Triangle Expert Sees A 40% Move Once It Breaks

Cardano (ADA) has been trading below the $1 mark for the past few days, fueling uncertainty and speculation among investors. As the broader market experiences shifting sentiment, ADA remains in a tight consolidation phase, leaving traders eager for its next move. Related Reading: Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K What This Means However, market conditions have improved, and bullish sentiment is returning as Bitcoin flirts with a potential rally. With BTC leading the way, analysts believe altcoins like ADA could soon follow, setting the stage for a major breakout. Top crypto analyst Ali Martinez shared a technical analysis on X, revealing that Cardano is consolidating within a symmetrical triangle pattern. This formation typically signals an upcoming breakout, though the direction remains uncertain. If ADA breaks above key resistance, a strong rally could follow. However, failure to hold support could result in further downside movement. As the crypto market turns bullish, all eyes are on ADAs price action to determine whether it can finally reclaim the $1 level and start a new uptrend. The coming days will be crucial in deciding whether Cardano can break out of its consolidation phase and join the broader market rally. Cardano Consolidates After 25% Drop Cardano (ADA) has been under significant selling pressure since mid-January, experiencing a steep decline of over 25%. Market volatility has kept ADA trading below the $1 mark, a psychological level that has become a key battleground for bulls and bears. However, analysts are now calling for a recovery as altcoins begin to regain strength, signaling a potential turnaround for Cardano. Crypto analyst Ali Martinez shared a technical analysis on X, revealing that Cardano is consolidating within a symmetrical triangle pattern, a formation often preceding a large breakout. According to Martinez, a decisive breakout from this pattern could trigger a 40% price move, bringing renewed momentum to ADA. If Cardano reclaims the $1 level and continues to push higher, buying pressure will increase, potentially driving ADA toward multi-year highs. A successful breakout would confirm strong demand and signal the start of a new bullish phase for the altcoin. Related Reading: Dogecoin Is Setting For A Massive Leg Higher Analyst Sees Bullish Consolidation Above Key Level With Bitcoin leading the market upward and altcoins showing strength, ADA could be on the verge of a significant rally. The coming days will be crucial as investors watch whether Cardano can break out of consolidation and join the broader market surge. ADA Struggles Below $1 Cardano (ADA) is currently trading at $0.95 after failing to reclaim the $1 mark, a critical resistance level. The price has not closed above $1 since January 21, reinforcing it as a major hurdle for bulls. If ADA is to start a rally, buyers must push the price above $1 and hold it as support. This would confirm a trend shift and potentially trigger a move toward the $1.15 level, which has kept ADA suppressed for weeks. A breakout above this range could pave the way for strong bullish momentum and a rally into multi-month highs. However, risks remain. If ADA fails to hold above $0.90, selling pressure could intensify, leading to a deeper correction and prolonged consolidation before another breakout attempt. Losing this key support level could send ADA back to lower demand zones, delaying any significant upside moves. Related Reading: Solana Still Wants Lower As Meme Coins Face A Major Shakeout Analyst For now, investors are watching closely to see if ADA can reclaim key resistance levels or if another pullback is on the horizon. The next few days will be critical in determining Cardanos short-term direction. Featured image from Dall-E, chart from TradingView

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