ADA is on fire!
Updated
Hello Traders,
The cryptocurrency market has been buzzing lately, and Cardano (ADA) is no exception!
Over the past couple of weeks, the ADA price has skyrocketed by more than 200%, reaching a strong resistance zone at $1.15–$1.25 level.
This is an incredible performance, especially with altseason just around the corner.
What to expect from ADA in the near future? Let’s break it down!
ADA has hit a significant resistance zone, so we’re likely to see some consolidation — or even a correction — soon. The big question is: how long will this phase last, and how deep could the correction go?
Considering the momentum in the market, I don’t anticipate a prolonged consolidation. With altseason on the horizon, the uptrend could continue after a brief pause. If ADA breaks through the current resistance, the next target to watch for is the $2 price level.
On the downside, any correction is unlikely to push ADA below $0.80 — a promising sign for those holding or trading ADA.
Please, do not forget to boost this idea and leave your comments below, thanks.
The cryptocurrency market has been buzzing lately, and Cardano (ADA) is no exception!
Over the past couple of weeks, the ADA price has skyrocketed by more than 200%, reaching a strong resistance zone at $1.15–$1.25 level.
This is an incredible performance, especially with altseason just around the corner.
What to expect from ADA in the near future? Let’s break it down!
ADA has hit a significant resistance zone, so we’re likely to see some consolidation — or even a correction — soon. The big question is: how long will this phase last, and how deep could the correction go?
Considering the momentum in the market, I don’t anticipate a prolonged consolidation. With altseason on the horizon, the uptrend could continue after a brief pause. If ADA breaks through the current resistance, the next target to watch for is the $2 price level.
On the downside, any correction is unlikely to push ADA below $0.80 — a promising sign for those holding or trading ADA.
Please, do not forget to boost this idea and leave your comments below, thanks.
Trade active
ADA dropped below $1 price level as expected and currently is trading below $0.9 level.
I expect this drop to stop at around $0.77 - $0.8 support area.
Note
ADA price is back above the $1 level, showing strong bullish momentum as it eyes a breakout above the key resistance zone.
If buyers maintain control, the next targets could be $2 with potential for a sustained uptrend.
However, a pullback to $0.85 or lower remains possible in case of weakening demand.
Stay tuned for updates as the market unfolds!
Note
ADA price has shown impressive recovery after its recent drop below the critical $1 level, demonstrating strong buyer interest.
Currently, it is trading at a key resistance area, where selling pressure has historically slowed its momentum.
If BTC maintains its current stability and avoids another significant drop, I anticipate ADA will gather the strength needed to break through this resistance in the coming week.
Such a breakout could pave the way for further bullish momentum, with the next potential target around $2.
However, pullback in BTC could still weigh on ADA price action.
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