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Cardano

Can Cardano (ADA) Return to Its Upward Trajectory?CRYPTOCAP:ADA , like many other altcoins, is currently in a downward trend. The asset has recently broken through another support level, reaching a local low of $0.450. Given its strong correlation with CRYPTOCAP:BTC , a further decline in CRYPTOCAP:ADA appears likely. Potential support levels for sellers might be found at $0.430 and in the range of $0.398–$0.417. For a reversal of this downward trend, BTC needs to stabilize above the resistance level of $42,000, which could positively influence altcoins, including Cardano ( CRYPTOCAP:ADA ). In such a scenario, CRYPTOCAP:ADA might test resistance zones at $0.471–$0.486 and $0.517–$0.536, possibly signaling a return to an upward trajectory.
Short
by DEXWireNews
💎 ADA/USDT - Bullish Target Reached, What's NXT? (READ CAPTION)By checking the Cardano chart in the weekly time frame, we can see that the price entered the specified supply range based on our analysis and started to fall from 0.6140 and fell to 0.4866! This fall will continue if we stabilize the weekly candle below the price of 0.4650, in which case we can expect more fall from Cardano! Otherwise, targets above 1 dollar are not far from expected! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
3
Cardano: Resistance, Fibonacci Levels, and Potential BreakoutsCardano (ADAUSDT) has been a standout in the ever-evolving world of digital assets over the last several years. As I dig into its current analysis, we'll focus on key Fibonacci levels, resistance points, and potential breakout scenarios based on recent price movements. The insights discussed here should help you better understand the current state of ADA's market. Fibonacci Levels and Resistance One of the fundamental tools in technical analysis is the Fibonacci retracement, which helps identify potential support and resistance levels based on key price swings. In the context of Cardano's recent price action, we'll analyze the Fibonacci pull from the high to the low in June 2023. 1. Resistance at Around 60 Cents : Based on the Fibonacci retracement, there's significant resistance at approximately 60 cents. This level aligns closely with the 200-weekly moving average (200EMA), which often serves as a strong indicator of long-term support or resistance. A breach above 60 cents could signal a notable bullish breakout. 2. Confluence of Resistance : At present, Cardano faces multiple layers of resistance. These include the 200EMA, the 200-simple moving average (200SMA), and a downtrend resistance line, marked in orange on the chart. Such confluence of resistance levels often creates a formidable barrier for price appreciation. Overcoming these resistance zones will be a critical test for ADA's bullish potential. Potential Breakout Scenarios Cardano's price action, like many other altcoins, is influenced by broader market dynamics, especially the performance of Bitcoin (BTC). Here are potential breakout scenarios to consider: 1. Breaking 32 Cents : A breakout above 32 cents could pave the way for further gains, with 43 cents becoming a likely target. However, it's important to monitor the stability of this breakout, as a swift reversal could lead to renewed bearish sentiment. 2. Challenging 43 Cents : If Cardano manages to breach the 43-cent resistance level and hold it, this could indicate a stronger bullish momentum. At this point, reaching the crucial 60-cent mark becomes a more likely scenario, as overcoming 43 cents often acts as a catalyst for further gains. 3. Cautious Optimism : While a potential move to 60 cents is on the radar, it's prudent to exercise caution before speculating on higher targets like 82 cents. Market dynamics can change rapidly, and the cryptocurrency space is known for its volatility. Keeping a close eye on price movements, market sentiment, and broader economic factors is essential. --- Cardano's technical analysis reveals a dynamic landscape with significant resistance levels, particularly around 60 cents, where the Fibonacci retracement and the weekly 200EMA intersect. ADA's ability to overcome these hurdles will be closely watched. The cryptocurrency market is highly influenced by Bitcoin's performance, and any developments in BTC could have ripple effects on ADA's price. As you navigate this space, it's crucial to remain adaptable, conduct thorough research, and have a well-defined risk management strategy in place. While the prospect of reaching 82 cents may seem distant for now, market conditions can change rapidly, and Cardano's journey continues to be one worth monitoring closely. Stay informed and prepared for potential breakout opportunities, all while keeping an eye on the ever-evolving cryptocurrency landscape.
Long
by bitdoctor
2
Ada sitting on support. What's next?From mid-October to December, BINANCE:ADAUSDT experienced a remarkable rally, surging by approximately 250%. However, after two unsuccessful attempts to surpass 0.7 in December, the coin began a retracement, eventually dipping below 0.5 at the onset of the new year. The recovery from this recent decline appears feeble, marked by a lower high on our chart, and the coin reversed at the support zone. Given the potential for a more significant correction in BTC, I anticipate that AdaUsdt will tread a similar path and breach the support level. In such a scenario, a decline to 0.4 seems highly likely.
by Mihai_Iacob
Cryptomarkets outlook for Q1 2024Hello fellow traders, hope everyone is doing well. In this post I try to explain What & Why is expected from Cryptomarket in Q1 2024. This idea is based on micro and macro economy outlook, in which the most important part is Interest Rate of FED as a moving tool. Aswell, note that current market environment in which Interest Rates was elevated occured only ONE TIME in history of this market if we count for whole Collective Market. To not make this post unnecessarily long, I make it clear in points. -- Chart is composed from BITCOIN / USINTR(orange) / TOTAL3(blue) / Cardano(yellow) -- 1. - Idea of this Cryptomarket review/prediction is based on (*pic.1). Which is ONLY TIME in History of Cryptomarket when there was Interest Rates Hikes and Cuts. Important note: We need to take into consideration that current market micro and macro conditions are different, due to Highier Inflation which resulted into Highier Interest Rates. So I do not expect cutting back to 0 in first major cutting cycle. 2. - Considering previous, I expect Cryptomarket could behave in Q1 of 2024 at similar fashion then it did in 2019. Main focus should stay on BITCOIN, altcoin is used as guidance in this case. 3. - So, we can see that in 2019 market not found its TOP, until FED Started cutting Rates. Which means, whole time they Hold on Pause market was climbing highier, even if it was elevated for prolonged period of time without any major pullbacks. So, my Base Expectation is market can still keep going highier. With occasional time to time not so significant price pullbacks (20-30% should be considered normal in this asset), UNTIL FED decide to START cutting rates. 4. - Which could possibly take further in Q2, if they do not decide to Cut at March meeting. Note, I do not expect them to Cut at 31st. January meeting. 5. - This idea will be considered "INVALID" in a case where FED decide to CUT sooner then expected, due to terrible earning reports or any other Major disruption factor in normal economy process. 6. - !!! New REAL Bullmarket didnt Start until Interest Rates reached their bottom rate !!! Note, this time can be different due to inflation & elevated price levels, which cause more money in rotation, but IT SHOULD NOT change base line of reverse expectations when correct time come - 1.FED start cutting, 2.FED stop (is DONE) with cutting, 3.bottom Rate is found. *reference picture 1. - TLDR - "Cryptomarkets should stay in bullish sentiment with elevated price action until FED start cutting Interest Rates." Hopefully, some of you found this post interesting and helpfull in futher market navigating. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
Cardano ($ADA) Gains Momentum as Next Big ETF Candidate Cardano ( CRYPTOCAP:ADA ), the renowned blockchain platform, is gaining significant attention as a potential candidate for future exchange-traded funds (ETFs) in the U.S. With the cryptocurrency community actively discussing the approval of altcoin-based ETFs following the green light for Bitcoin ETFs, Cardano has emerged as a front-runner in this new wave of investment products. Cardano’s Stability Attracts ETF and Investor Focus With the introduction of ETFs, an institutional interest in cryptocurrencies is anticipated. Cardano, known for its unique technological approach and solid community support, is a promising option for these investors. A recent thread by a prominent Cardano blogger, @cardano_whale, addressed to his 143,300 followers, highlights the reasons for this growing interest. Cardano’s peer-reviewed, stable, and lightweight protocol, combined with a unique blend of UTXO and PoS in its consensus mechanism, sets it apart in distinctly solving the blockchain trilemma. The protocol’s resistance to centralization, evidenced by its inclusive and transparent ADA distribution, makes it an attractive option for investors wary of manipulation. Unlike many other cryptocurrencies, founding entities control only about 10% of the CRYPTOCAP:ADA supply. Moreover, Cardano’s staking design is touted as one of the most decentralized, with many validator nodes enhancing the network’s security against potential attacks. Cryptocurrency ETFs Pave Way for Broader Adoption Cardano’s appeal is not limited to its robust security and decentralized nature. The platform’s ongoing developments in scalability and functionality position it as a rapidly evolving and feature-rich blockchain. This evolution is crucial for supporting a diverse range of decentralized applications (dApps), a sector that has seen exponential growth. The adaptability of Cardano is further enhanced by its support for multiple programming languages, which broadens its appeal to a wider developer community. The recent onboarding of hundreds of native tokens and DeFi applications underscores the ecosystem’s dynamic nature. Combining these factors and programmable ADA scarcity cements Cardano’s status as a leading dApp ecosystem with solid organic growth. The conversation around Cardano ETFs is taking place against the backdrop of an evolving regulatory landscape for cryptocurrency investment products. The approval of Bitcoin ETFs in the U.S. has allowed other cryptocurrencies to follow suit. Industry experts, such as Valkyrie’s co-founder Steve McClurg, have expressed optimism about the potential approval of ETFs for other major cryptocurrencies like Ethereum ( CRYPTOCAP:ETH ) and XRP. Cardano is already making strides in this direction, backing the Swiss-registered 21Shares Cardano ETF and participating in the OTC-traded Grayscale Digital Large Cap Fund (GDLC) portfolio. The establishment of such ETFs could significantly enhance the accessibility and attractiveness of Cardano to a broader range of investors, particularly those from traditional finance sectors looking to diversify their portfolios with digital assets.
Long
by DEXWireNews
1
ADA: Pullback in UptrendTrade setup : Price remains in an uptrend. Following a bearish breakout from an Ascending Triangle pattern, price pulled back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Stop Loss (SL) at $0.43. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
Long
by altFINS
ADA Cardano Will Have A Great BullrunI believe that Cardano will have a great run this next bullrun. The chart looks bullish and I believe it has finished its correction and consolidation, considering it only did about a 10x in the last run give or take, I think this one has some room to grow. This next one may be the big run for ADA in my opinion. In the short term I see ADA falling down about 40% percent down to 30 cents before its run up. Not financial advice, just my opinion.
BINANCE:ADAUSDLong
by Bitgolder
2
Cardano's Race to Breakout: Will the Turtle go 1-2-3 Fly ? 🐢🚀 Hello everyone! The crypto sphere is buzzing with the recent approval of the Bitcoin ETF, sparking a surge in altcoins. Among them, Cardano has been stealing the show. We've seen some successful entries with Cardano, including a notable one at $0.25. However, the critical level to watch now is $0.6863. Cardano must break this to signal a major breakout. This could be the third and pivotal attempt, following previous rejections in June and December 2022. If you are laughing at my ''1-2-3' better check some examples here (click on play) and here So, what's the probability of Cardano breaking higher? I estimate a 64% chance. But remember, there's still a 36% possibility of a rejection, and we must be prepared for that. No FOMO – we only make moves once it's over that crucial level. Delving into the Cardano vs. Solana debate, Cardano, with its Haskell programming base, is like the turtle in the ancient fable – slow but steady. In contrast, Solana is fast and furious, akin to the rabbit. But as the fable goes, it's often the turtle that wins the race. Cardano's emphasis on safety, while leading to slower developments, has its advantages. On the charts, we're seeing new support levels forming. After our successful entry yesterday, Cardano shows new support at $0.5925. Our target is to go long up to $0.6865 for the critical third test. Below this level, we have support at $0.58 and $0.52, but we're hoping not to see these levels tested. With the recent discussions about ETFs, attention has been mainly on Ethereum and Ripple. However, I anticipate a shift where Cardano could also enter the ETF conversation. Given its American roots and unique approach, it's plausible we might hear rumors of a Cardano ETF soon. This development could significantly impact its market performance, similar to Ethereum's recent rise. In conclusion, the chart is our guide. We buy over $0.6865, being aware of the 36% chance of rejection. Under this level, we remain cautious, ready to adjust our positions. Will Cardano, the turtle, prove its resilience and win this race? Let's watch and find out. One Love, The FXPROFESSOR 💙 Altcoins Surging After SEC Approval Are Cardano, Avalanche, and Others Spot ETFs Coming? Cardano: The Next Solana? Some Haskell criticism
Long
by FX_Professor
🔥 BTC/USDT - Pump and Dump ? What Happend ? (READ THE CAPTION)By checking the Bitcoin chart, we can see that yesterday with the fake news that was published by the American SEC Twitter account (it was hacked) and said that the Bitcoin ETF was approved, the price of Bitcoin was pumped up to about $48,000, and after the fakeness of this The news was published that Bitcoin was dumped up to $44,700 again, and this caused FVG to be filled! We will probably see more fall from Bitcoin! Related News : • The SEC is a regulator that is responsible for maintaining market integrity in the US. • The SEC’s X account was hacked and posted a fake news about approving a spot Bitcoin ETF, which is a type of investment product that tracks the price of Bitcoin. • The fake news caused Bitcoin’s price to spike and then drop, affecting the crypto market and investors. • Lawyers are calling for the SEC to investigate itself for possible market manipulation and cybersecurity breaches. Source : Coin Edition Please share your opinion about the possible trend of this chart with me and support us with your likes and comments. Best Regards , Arman Shaban
Short
by ArmanShabanTrading
25
SOL vs ADA - A Market Cap Risk Comparison SOL vs ADA - A Market Cap Risk Comparison CRYPTOCAP:ETH , CRYPTOCAP:SOL & CRYPTOCAP:ADA can all rise together & one may win out over the other but I think this chart emphasizes the increased potential -92% downside risk in CRYPTOCAP:SOL CRYPTOCAP:BTC , CRYPTOCAP:ETH & CRYPTOCAP:ADA have c.60% downside to their recent lows by comparison. This also highlights just what an incredible run CRYPTOCAP:SOL has had. To be clear. I am not stating anything other than this. ▫️ SOL has increased downside risk vs BTC, ETH & ADA based on market cap increase ▫️ That Risk may never materialize but it is there and its better to know than not know. ▫️ There is room for all 3 in your portfolio, allocating based on downside risk avoidance may be beneficial. Taking "some profits" when SOL hit $120 was clever and leaving something on the table for the larger long term move is also clever. Its not about being right, its about protecting yourself and trying to stay on the right side of probability. Allocate accordingly. If you are a long term investor all this short term noise does not matter and you might be looking for SOL to make a new low to continue to DCA. Also fine. I am presenting this visual to offer perspective to help you with your own personal portfolio decision. Its just a perspective worth considering. PUKA
CRYPTOCAP:ETH
by PukaCharts
2
💎 ADA/USDT - First Long , Then SHORT ! But ? (READ THE CAPTION)By checking the Cardano chart in the weekly time frame (logarithmic), we see that the price fell after reaching the supply range of 0.67 and corrected to $0.46! If the price stabilizes below the supply range of $0.56 to $0.68, I will have a higher probability of falling from Cardano in the medium term! Only if the price breaks the $0.68 resistance and stabilizes above it, we can expect another Bull Run from Cardano! The efficiency of this cryptocurrency has been more than 150% so far ! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
4
ADA/BTC - CARDANO BREAK OUT WINDOW IS HERE CARDANO - CRYPTOCAP:ADA / BTC On Nov 1st I advised the following: ✅ A breakout in the window between 20th Nov - 29th Jan (could be shortened to the 8th Jan now). ✅ Bull trend confirmation = break above 50 SMA ✅Great risk/reward with stop under diagonal support Folks this could be the beginning of a long running upward move. A close above the 200 DSMA is confirmed and we are on the verge of a close above the 50 week SMA with this large 20% + move that ADA made today. If you were following me here or on TradingView you would have a position in place already that is in profit and with a tight stop under strong support protecting you against the downside. Early November I provided this chart and outlook because a window of opportunity was close. As a long term patient play ADA is still very much an option for new entries. Pull backs to the 200 DSMA or green zone are the most ideal entries, however as we are entering into the "breakout window" and we appear to be breaking out. If you do enter, always, always, always decide on and have a defined stop/get out level and stick too it. Write it down on the chart or a notepad. Stick to it. Protect yourself. For those in the trade since we shared, we are 40%+ in profit thanks to a little patience and good timing, and this is only the beginning of this trade. Don't let idle hands make you trigger happy, the trend might be upon us, don't pull the rug on your position as things are only starting to trend. PUKA
Long
by PukaCharts
5
Cardano - ADAUSDT - 15x to 20x in the Upcoming Bull CycleGreetings, Cardano has been one of the strongest projects in cryptosphere with ADA performing tremendously in last two bull runs. - The top of last bull cycle was $3.03 which was 170x of the bottom. - The bottom of this cycle (~0.23) is more than 10x above the bottom of the previous cycle (~0.018). - Being realistic and reasonable human being, we do not expect that ADA will be 170x of this cycle's bottom ($38.72) nor will it be 10x of the previous cycle's top ($30.3) - But we do expect that it has the potential to reach somewhere around $7 to $10 per coin at the peak of the upcoming bull cycle. This will be about 30x to 40x of this cycle's bottom or 15x to 20x of current price levels. We expect these targets to be hit over the next 18 months In the shorter term (next two to 4 months) though, we are showing some key levels In case of a breakdown - Immediate support is around $0.45 - if that fails, next support is around $0.37 - if that fails, the strongest support will at $0.23 which we don't expect to fail In case of break out above, - The next resistance is around $0.67 - if we break above it with BTC ETF approval, $1.00 will be a strong resistence based on past history (zoom out) If the BTC ETF gets approved, all coins will have substantial gains but it will be followed by a retrace. For ADA, we expect that it will retrace in the 30 cents range probably around $0.37 prior to BTC halving before going up again and making new ATHs. Please SUBSCRIBE to stay up to date! Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
Long
by figuring_out_the_dream
ADA: Pullback in UptrendTrade setup : Price remains in an uptrend. Following a bearish breakout from an Ascending Triangle pattern, price pulled back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Stop Loss (SL) at $0.43. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
Long
by altFINS