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Cardano ADA and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night. Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election. The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market. Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets. ADA/USDT short Entry Range: $0.35 - 0.37 Take Profit 1: $0.40 Take Profit 2: $0.43 Take Profit 3: $0.46 Stop Loss: $0.32
Long
by BuySellMarketMaker
2
Ada is starting to moveThe vertical lines show important dates according to Gann - The next date is expected to be January 23rd The nearest support zone is $0.33. The chart is unlikely to reach that far. The target prices are: $0.39 - An 5% increase $0.41 - An 11% increase $0.45 - An 22% increase $0.58 - A 57% increase In summary, the chart shows a potential uptrend with target prices ranging from 5% to 57% above the current price of $0.37. The vertical lines indicate dates where interesting price action may occur. The nearest support level provides a basis from which an upward move may launch.
by HamdanAlmasri
Cardano Time- Updated chart and Levels ⏰💹Market could be up for a nice Pump next: Cardano being the 'slow sleeping beauty' tends to awaken at the right times so here we go with some news: ⏰Binance Expands Support For Cardano (ADA) : The world’s largest crypto exchange Binance on Tuesday said it will add Cardano (ADA) and Litecoin (LTC) trading pairs against TUSD stablecoin. Link: coingape.com ⏰Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows. Link: www.coindesk.com ⏰Cardano's transaction fees have hit record high since August 2022, marking notable rise in network activity and demand Link: u.today 💹Chart says: Ascending channel on support 0.356 and price over 0.375 (secondary support). Targets are 0.440 and 0.519 Let's go there and then see if we can break higher. One Love, The FXPROFESSOR 🌅
Long
by FX_Professor
Cardano- i read many peoples complain about ADA on Twitter. - Like the project is bad and going to nowhere. - As Trader my job is only to do the Math and check pourcentages. - i care about what peoples speak but i verify and deduct. ----------------------------------------------------------------------------------------------------- So let me do Little Math for Cardano : ----------------------------------------------------------------------------------------------------- - in 2018 if u bought ADA at Bottom ( 0.017$) you could have made +6500% -- So if u invested 10k$ you could have returned $660,000 ----------------------------------------------------------------------------------------------------- - in 2020 ADA returned the same bottom level ( 0.017$) then made +16160% -- So if u invested 10k$ you could have returned $1,626,000 ----------------------------------------------------------------------------------------------------- - So Now i don't think we gonna see again 0.017$ in entire Cardano Life. - So haters gonna hate but Cardano made the Job. - Just have to buy at the good time and be patient. - if you bought the TOP, it's not Cardano fault, but your own fault! - Next Target could be around 7.5$ (+3000%) Happy Tr4Ding !
KRAKEN:ADAUSDLong
by thecryer
25
ADAUSD BUYWelcome . Cardano is positive despite the market downturn. The currency has breached the bearish pennant with. Re-test the area. It also formed a very positive candle on the daily chart. There is a lot of pressure from the buyers to push the market higher. to 0.4000 in the first stage. And level 0.5000 good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. And click "Like" so that everyone can reach the post and benefit from it and get free content. Thank you
Long
by inv_market09
12
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Cardano (ADA), was also in the green to start the weekend, with prices moving further away from a recent support level. ADA/USD hit an intraday high of 0.3667 earlier in today’s session, which comes following a low of 0.3564 on Friday. The move has resulted in Cardano climbing to its strongest point since Wednesday, moving away from the aforementioned floor at 0.3550 in the process. ADA has begun to consolidate, with the price now retreating from its earlier highs, following a collision with a ceiling on the RSI. Price strength has failed to move past a point of resistance of 44.00 which has pushed the token to a current reading of 0.3638. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
Bitcoin & Ethereum: Sunny Outlook ⛅ Ripple & Cardano Shining? ☀️Sunny weather with a few scattered clouds lies ahead for the crypto space, including Bitcoin and Ethereum . The market sentiment is boosted by the Nasdaq's overnight rally and hopes of an imminent debt ceiling deal. This sets the stage for a slightly bullish market with upside potential in the next 24 hours. 🚀 But the spotlight today falls on Ripple and Cardano , as they bask in tropical conditions - very bullish with significant upside potential. 🌴🌟 Over a one-week horizon, cloudy weather with some sun for Bitcoin , which means a slightly bearish market with downside risk. The outlook is better for Ethereum, Ripple and Cardano : a slightly bullish market with upside potential. Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
BITSTAMP:BTCUSDLong
by ATTMO
ADA’s Uptrend is DangerSince December 22nd ADA is moving in an upward sloping channel. It has found support on the lower boundaries of the channel in March 9-12 and lately on May 8-15. Notice that ADA tends to leave wicks below the trendline. ATM it is not clear if ADA will hold the channel support or fail. To be honest, much depends on BTC which is at resistance. Therefore, I have two scenarios, along and a short. Long Scenario: If ADA manages to find support above the 4HR EMA and above 0.3755 USD which is the local resistance. Entry: 0.376 SL: Below channel support at approximately 0.362. TP1: 0.42 (previous resistance). TP2: 0.4579 (previous resistance). TP3: 0.4728 (0.786 fib target). Be aware that currently ADA is below the 50 EMA on the 4HR and the Daily. Short Scenario: Considering that ADA may lose channel support and that BTC is also below the 50EMA on the 4HR and the daily, this scenario is more likely IMO. Entry: after a break and retest of the channel support at approximately 0.365 SL: above channel support and the 4HR EMA at 0.372 TP: at around 0.3 USD. You will have to manage this short because much depends on the behavior of the market as a whole and BTC’s behavior in particular. ATM I don’t expect ADA to drop below 0.3 USD, but as you can see there are a lot of imbalances (green boxes) below 0.3 USD. So, a wick below 0.3 USD is possible, if not likely. Fun Fact: the previous cycle, bottom to bottom to ADA 70 days. If this cycle is similar the bottom is not far. NFA Would appreciate your feedback. Best wishes to all.
by NewThoughtCrypto
7