ADA Lags Recovery To $2.5 Despite Peers Hitting New Milestones
Cardano price teeters within a wide range, marked by the 50-day SMA on the upside and the 100-day SMA on the downside.
The IOMAP model reveals that ADA sits on robust support while the absence of a massive resistance favors the bulls.
Cardano is seen trading at $2.2 on Monday toward the end of the Asian session. The smart contracts token is becoming competitive, biting into Ethereum’s piece of cake alongside Solana. However, its price action continues to be sluggish compared to Ethereum and Bitcoin.
Cardano Price Stuck In Wide Range
Cardano spears stuck in a wide range, marked by the demand zone in green and the red area in red on the daily chart. Bulls firmly defended the support accentuated by the 100-day Simple Moving Average (SMA), a move that ensured that declines did not stretch to $1.5.
The token commenced recovery together with other crypto assets on Friday but lost steam before reaching $2.5. The 50-day SMA added weight to the resistance, cutting short the uptrend eyeing $3.
Meanwhile, the Moving Average Convergence Divergence (MACD) highlights a buy signal hints at the trend leaning upward. As the 12-day Exponential Moving Average (SMA) crossed above the 26-day EMA, the odds soared in favor of the bulls. The momentum calculating technical index only needs to rally above the mean line to validate action above $2.5.
At the same time, the Relative Strength Index (RSI) confirms that neither buyers nor sellers have the upper hand. This trend following tool also calculates the strength of the bulls and the bears. Currently, the leveling motion implies the prevailing consolidation will last longer.
The IOMAP by IntoTheBlock reveals the absence of a robust resistance with the ability to hinder bulls from achieving their goals, at least to $2.5. According to this on-chain metric, the only area of interest runs from $2.22 to $2.28.
Here, the slightly more than 101,500 addresses that purchased 2.41 billion ADA will be trying to break even, thus reducing the impact of the buyers. However, if the price slices through, the run-up to $2.5 will be quick.
On the downside, Cardano sits on top of robust support spanning from $2.15 to $2.21. Here, around 132,400 addresses previously bought 5.58 billion ADA. It will not be easy for bears to break this support barrier, leaving ADA safely above $2.1.
Adausdtlong
Cardano Price Rise Or Crash? Here’s what to Expect for ADA PriceThe bull market remains intact until Cardano price stays above $2.05. In case if the altcoin clears the trend resistance at $2.4, the rally should extend towards $2.56. In the event, if ADA/USD clears $2.51 we can expect a massive upswing hitting new ATH.
💡Don't miss the great buy opportunity in ADAUSD @CardanoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.4172).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 2.5821
TP2= @ 2.7963
TP3= @ 2.9580
TP4= @ 3.1003
TP5= @ 3.2553
SL= Break below S2
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💡Don't miss the great buy opportunity in ADAUSD @Cardano Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.4172).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 2.5821
TP2= @ 2.7963
TP3= @ 2.9580
TP4= @ 3.1003
TP5= @ 3.2553
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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Cardano- New ATH soon?After the new ATH around 3 at the beginning of September AdaUsd corrected and has had a short-lived spike under 2.4 zone (the old ATH zone)
Bulls quickly took control and reversed losses.
At this moment we are in consolidation phase just above this old ATH
I expect a new leg up from this crypto and 3.5 could be the medium term target
ADAUSDT signalHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
target: 2.55 and 2.65
after first target reached move ur stop to breakeven
stop: 2.28 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions(Looking for investors!).
Cardano price analysis in 4H time frame* Cardano dropped for almost 30% from it's all time high and gained a support around $2.2 and it is now trading above it's resistance near $2.5.
* After a proper retest to it's breakout level we can expect a bullish move till $2.950.
To know more about Cardano price prediction and analysis checkout Coinpedia.org
💡Don't miss the great buy opportunity in ADAUSDT @CardanoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.947).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 3.150
TP2= @ 3.400
TP3= @ 3.568
TP4= @ 4.000
TP5= @ 4.248
SL= Break below S2
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💡Don't miss the great buy opportunity in ADAUSDT @CardanoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.947).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 3.150
TP2= @ 3.400
TP3= @ 3.568
TP4= @ 4.000
TP5= @ 4.248
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
ADA Renews Journey Above $3 While $3.5 Comes To Sight
Cardano seems to be joining Ethereum in the altcoin-led weekly bull cycle.
Cardano embraces price discovery above $3 while massively support between $2.81 and $2.8e, as the IOMAP reveals.
Cardano is up nearly 9% and has reclaimed ground above $3. The token is the first among major cryptocurrencies to hit a new all-time high. ADA is on a path to hitting another milestone at $3.5, while investors believe that it is just a matter of time before it rises to $5.
Cardano Once Again In Price Discovery Mode
According to IntoTheBlock’s IOMAP on-chain metric, the newest smart contracts token is back in price discovery after testing support at $ in August. All the addresses that previously bought ADA are in profit.
At the same time, Cardano has no defined resistance as it advances. Hence, a slight push above $3 will quickly bolster the token toward $3.5.
On the downside, ADA sits on top of immense support areas, as observed by the on-chain metric. The region running from $2.81 to $2.84 is the most substantial buyer concentration zone, hosting around 94,300 addresses that scooped up 3.42 billion ADA. This support assures investors that ADA is well supported and the least resistance path is upward.
In the meantime, Cardano is seeking support above $3 to enhance the bulls’ presence in the market. A real break above this area of interest will set ADA on a $3.5-bound journey. Notice the Relative Strength Index (RSI) gaining traction into the overbought territory. A break above 70 may trigger more buy orders as bulls tighten their grip around the price.
The Moving Average Convergence Divergence (MACD) adds credence to the bullish outlook based on its position relative to the mean line. A sell signal that had come into the picture is in the process of being canceled. As soon as the 12-day EMA crosses above the 26-day EMA, the odds for another swing north will come into the picture. Besides $3, Cardano is kept in place by an ascending trend line since the beginning of August.
ADAUSDT All Time High Breaks!ADAUSDT (DAY CHART) Technical Analysis Update
New ATH (all-time high)
ADA/USDT currently trading at $2.59
Buy-level: $2.50 - $2.65
Stop loss: Below $2.20
Target 1: $2.95
Target 2: $3.25
Target 3: $3.50
target 4: $4.00
Max Leverage: 1X or buy it on the spot
ALWAYS KEEP STOP LOSS...
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