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Adacardano

ADA at the Crossroads: Will $1.12 Spark a Bullish Surge?Cardano (ADA) is currently navigating a pivotal price range near $1.12, which serves as a significant intraday resistance level. The market is displaying signs of potential directional movement, with buyers and sellers poised to define the next critical phase. A pullback toward $1.016, followed by a decisive bounce, or a direct bullish breakout of $1.12 could reaffirm bullish sentiment, setting the stage for a climb toward the next major resistance zone at $1.267. Such a move would signal renewed optimism among market participants, offering opportunities for upward momentum (Solid Green Projection). Conversely, failure to break above $1.12 might hint at underlying weakness, increasing the probability of a descent toward the $1.016 support zone (Dashed Green Projection). A breach below this level could signal the start of a more pronounced downward trend, with the next major support at $0.869 potentially coming into focus (Red Projection).
by Trade-Lean
ADA - weekly is TIGHTThe moving averages are getting tighter and tighter for ADA, which typically leads to big moves. What I'd like to actually see is these get even tighter, so spending another month or two in this .45 - .60 cent region will actually lead to a bigger move long term. PRICE TARGET $1.25-1.75 AUG-NOV timeframe. What I expect to see is BTC shoot up to 83k in the next couple weeks, then 125k after that. I expect a big blow off top for BTC towards the end of the year. ADA will not keep up in that time frame. After BTC's high, then it will be alt season. Thats when I expect ADA to potentially make new highs, but I am not too optimistic about that this cycle. If you like to look at other instances of this set up, look at BTC and ETH weekly moving averages back in October of 2023. The majority of the moving averages were within a 7% spread. ADA is currently around 14% spread.
KRAKEN:ADAUSDLong
by seanders_
2
Cardano (ADA) Lucky ?After the removal of Cardano currency from platforms such as Bakkt, Etoro, Robinhood, as well as the news of its removal from the Binance exchange and the theft of 60,000 units of this currency, we saw a significant drop in it. Due to the fact that the US Securities and Exchange Commission has recently given up its objection that Cardano currency is considered as a security, we have seen an increase in the flow of transactions in the network of this cryptocurrency, and also the creation of the lace wallet has fueled the increase in demand. During this drop, it was able to maintain its price above the level of 24 cents. If the weekly and monthly candle can maintain itself above the price of 24 cents until the closing time, we can witness a good growth from it to the return range of 40 cents and its support to higher price points.
Long
by MyNameIsMilad
2
Cardano [ADA] to see more losses below this April supportADA’s key April support zone of $0.3700 - $0.3760 (cyan) was flipped to resistance on 8 May. So far, ADA has seen two price rejections at this level in the past two days. A pullback retest at the same level and confirmed downtrend could offer shorting opportunity, targeting the key January/February resistance level at $0.3470. At the time of publishing, the RSI faced rejection at the 50 mark, while OBV has declined since mid-April. Entry: $0.3700 Target: $0.3470 Stop-Loss: $0.3811 (above the resistance zone) RR: 2
Short
by AMBCrypto_TA
CARDANO BULLISH DIVERGENCE ABCD INCOMING, THE MOMENT IS HEREPulling back from pulling back off the pullbacks. Short term - as we've pulled back from the recent short starting on the 22nd, we are going to enter a bearish divergence, via market sentiment and incoming Core CPE, we're looking more bullish then ever, but for the next 3 days, were seeing something bearish, but in long term bullish Mid term - we are in a current pullback from March 10th, in the little buy boxes i have, the range is very inaccurate, the lower you go the riskier you get. given the more larger trend line that has existed as resistance, buying anywhere inside is safe. but currently, as we pull back, we are bound to hit that line again, and as everyone has anticipated for weeks and months, we are about to hit the jackpot and goto the moon! Long term - using our Fibonacci Retracement Tool, we've previously retested this larger trend line, midway above the 786 line, i think once we confirm this 618 line, even if it breaks through the larger trend line and tests it, we should see massive, possibly and probably big gains! chances of ADA going under 0.30 are improbable because that would in turn give a bearish divergence and idek what goes on there, but that would mean crypto goes down and theres no way thats possible anymore 4.
BINANCE:ADAUSDShort
by Migweel
AdaCardano could rise 200%hello traders Adacardano could rise a massive 200%. The technical picture shows there is an initial price diamond structure that created 4 waves and the last impulse wave was about a 200% rise. The same diamond price structure has been replicated at a slightly lower level. And you can see in the second structure price is completing the last impulse wave for another possible 200% rise. These are two identical pairs of fractal. Ada could rise to about $2.5 I expect price movement to find support along the last diagonal line on the second fractal. You can always come back to check weekly when price hits the diagonal support for a cheap entry. Follow me for more well-researched technical analysis and super tight price entries on Forex pairs, Indices, Futures and Crypto in the next coming days/weeks. Good luck!!
ALong
by kenzima55
6
Adacardano could rise a massive 200%hello traders Adacardano could rise a massive 200%. The technical picture shows there is an initial price diamond structure that created 4 waves and the last impulse wave was about a 200% rise. The same diamond price structure has been replicated at a slightly lower level. And you can see in the second structure price is completing the last impulse wave for another possible 200% rise. These are two identical pairs of fractal. Ada could rise to about $2.1. I expect price movement to find support along the last diagonal line on the second fractal. You can always come back to check weekly when price hits the diagonal support for a cheap entry. Follow me for more well-researched technical analysis and super tight price entries on Forex pairs, Indices, Futures and Crypto in the next coming days/weeks. Good luck!!
ALong
by kenzima55