CARDANO // long expansionThe bullish trend is valid on all the major timeframes, and the market is at the daily target fibo 61.8, already above the last clean breakdown - the border of the expansion phase.
Daily chart:
If this small countertrend is broken (at the trigger zone), the first target is the daily peak (target fibo 100).
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
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Cardano
Be careful with ADAUSDT !!!As I mentioned, the price finally managed to break the bullish wedge and reach the targets I mentioned. Now, technically, since the price has reached the important 0.618 line, it might correct slightly and then break this line with strength to reach higher targets.
PREVIOUS ANALYSIS
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ADA - Time to buy again!Possibly due to Bitcoin's price rising above $100,000 and an increase in money injection into Bitcoin, the price may correct slightly in a few days, drop to the support line, and then rise to $1.25 .
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ADA rejection on the way?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ADA Rejection on the Way?
Cardano (ADA) has caught the attention of traders with its recent price movements, especially as it approaches key levels that could signal either a rejection or a continuation of its current trajectory. Let’s take a closer look at the dynamics in play and what they might indicate for ADA’s next move.
Recent Price Action
ADA’s recent rally brought it to a critical resistance zone, raising questions about whether the upward momentum can sustain or if a rejection is imminent. Historically, this level has acted as a significant inflection point, and its current behavior aligns with prior instances of strong price reactions.
Key Levels to Watch
1.20: This is the primary level that ADA needs to break and hold above to maintain bullish momentum. A clear breakout here could open the door for further upward movement.
0.77: On the downside, this level represents a crucial support zone. A deep break below 0.77 would not only invalidate the current structure but could also signal a deeper correction.
Potential Scenarios
Bullish Case: If ADA consolidates sideways near the resistance without significant rejection, it could indicate strength and the possibility of an eventual breakout above 1.20. This scenario would align with bullish continuation patterns.
Bearish Case: A sharp rejection from 1.20, especially if followed by increasing sell volume, could push ADA back toward the 0.77 level. In this case, traders should watch for whether 0.77 holds as support or breaks, signaling further downside risk.
What to Look For
Sideways consolidation around the resistance level would be an encouraging sign for bulls, suggesting that ADA may gather strength for a move higher. Conversely, sharp and impulsive downward moves could point to a rejection in progress. Observing price action and volume near these levels will be key to assessing the next likely direction.
Final Thoughts
As with any market analysis, it’s important to remain flexible and responsive to price developments. ADA’s behavior around the 1.20 and 0.77 levels will likely provide critical clues about its near-term trajectory. While rejection remains a possibility, the potential for a bullish continuation cannot be ruled out. Traders should monitor these levels closely and adjust their strategies accordingly.
Trade safe, trade smart, trade clarity.
Significance of the 100-Day SMA for CardanoCardano (ADA) has recently demonstrated a strong bullish trend, surging past its 100-day Simple Moving Average (SMA) and fueling optimism among investors. This move signals a potential shift in momentum, with bulls now setting their sights on the $1.26 price target. This article delves into the significance of this breakout, the factors driving Cardano's resurgence, and the potential challenges that lie ahead.
Understanding the Significance of the 100-Day SMA
The 100-day SMA is a widely used technical indicator in financial markets, representing the average price of an asset over the past 100 days. It serves as a crucial trend indicator, helping traders and investors identify the overall direction of an asset's price movement.
When an asset's price crosses above its 100-day SMA, it is often seen as a bullish signal, suggesting that the asset is gaining positive momentum and may continue to rise in value. Conversely, a drop below the 100-day SMA is typically considered a bearish signal.
Cardano's recent breach of this key indicator is, therefore, a significant development, indicating a potential shift from a bearish or sideways trend to a more bullish outlook.
Factors Driving Cardano's Resurgence
Several factors appear to be contributing to Cardano's recent price surge:
1. Increased Network Activity: Cardano has seen a significant increase in network activity in recent months, with a growing number of projects building on its blockchain and a rise in transaction volume. This increased adoption and usage is a positive sign for the long-term health of the Cardano ecosystem.
2. Positive Developments and Upgrades: The Cardano development team has been actively working on improving the network, with several successful upgrades and developments implemented recently. These improvements enhance the network's scalability, security, and functionality, making it more attractive to developers and users.
3. Growing Institutional Interest: Cardano has also been attracting growing interest from institutional investors, with several major players expressing support for the project. This institutional backing provides further validation for Cardano's potential and can contribute to increased investment and adoption.
4. Overall Market Sentiment: The broader cryptocurrency market has also been experiencing a period of positive momentum, with Bitcoin and other major cryptocurrencies showing strong gains. This positive market sentiment can spill over on altcoins like Cardano, contributing to their price appreciation.
Potential Challenges and Resistance Levels
While the recent breakout above the 100-day SMA is a positive sign for Cardano, it is important to acknowledge that challenges and resistance levels may still lie ahead.
The $1.26 price target represents a key resistance level, and Cardano may face some resistance at this point. If the bulls can successfully push through this level, it could pave the way for further gains.
Additionally, the cryptocurrency market is known for its volatility, and sudden price swings are always possible. Investors must remain cautious and not get carried away by short-term price movements.
Conclusion
Cardano's recent rally above its 100-day SMA is a significant development, signaling a potential shift in momentum and fueling bullish optimism. The factors driving this resurgence include increased network activity, positive developments and upgrades, growing institutional interest, and overall market sentiment.
While challenges and resistance levels may still exist, the current trend suggests that Cardano is well-positioned for further growth. Investors and enthusiasts will be closely watching to see if the bulls can maintain this momentum and push Cardano towards the $1.26 target and beyond.
Ada breaking up out of a Bull pennant.Target for the pennant hound be around $1.86 . I also noticed the.bitcoin dominance chart’s 200ma looks like its finally flipping back to resistance which if so will increase the probability of ADA hitting this pennant target as well as alt season finally officially starting. *not financial advice*
Cardano ADA Continues Outperform The Market In JanuaryHello, Skyrexians!
In our recent analysis on BINANCE:ADAUSDT we predicted the price growth above $1.20 when the price was $0.37. When price reached the $1.30 we told you that it's time for retracement to $0.8. Cardano reached exactly this target and has already bounced. You can find all this predictions in this article . Now it's much more important to understand what is the next move.
Let's take a look at the daily time frame. After reaching the local top price has printed red dot on Bullish/Bearish Reversal Bar Indicator and dumped -40%. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
Dump has been stopped inside the Fibonacci 0.5 zone with the green dot on this indicator. This is the strong sign that corrective wave 2 has been finished. The next target is 1.61-2.61 Fibonacci extensions. We suppose that price can reach $2.5-$3.5 in January-February 2025.
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Skyrexio Team
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Porsche is a hot topic for investors in 2025Porsche is a hot topic for investors in 2025, trading near historic lows. Barclays recently upgraded the stock to Overweight with a price target of €70, saying the current price could represent a good opportunity for long-term investors. Despite a 15% decline in the past month, earnings growth expectations for 2025 and 2026 remain above 10% per year, despite doubts about volume and margin targets.
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INVESTING.COM
Key risks include the company’s reliance on the U.S. and Chinese markets, as well as the impact of tariffs. However, the positive outlook for electric vehicles and Porsche’s luxury segment is keeping the stock attractive.
ADA - Time to buy again!After breaking the descending wedge, the price fell to the support line. As you can see, the price has now formed an ascending wedge, which is promising. The price could rise to
$1 or more than after breaking this wedge, but considering the Christmas holidays, this might take a bit longer.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ADA - 4h - Accumulation RangeADA - 4h - Accumulation Range
REMEMBER that a lot of investors sell stocks or crypto for fiscal conditions in 2024 to close the year.
For that, we have low buy liquidity , and even with that pressure on the price , ADA is trying to remaning in the same range as 1 week ago, so a breakout can restart a new HH , so patience.
Im bullish on it if the 1usd resistance its broken and became a support.
Diving into ADA: Profits, Sharks, and Technical Targets!Hello community,
The ADA coin has gone through various phases. Initially, whales accumulated below 0.4 USDT for an extended period 🐋. However, after the price surged by 250%, a correction became expected as investors sought to capitalize on their profits 💰. Notably, the key level between USDT is significant due to the presence of sharks 🦈, who are intermediate-term investors. Their strategies rely on real volume profiles , which are not commonly discussed on media platforms like YouTube or Instagram, as they necessitate data analytics and volume studies 📈. The technical price objectives are depicted in the chart 📊.
The first objective stands around 1.14 USDT, reflecting a 150% profit for sharks🦈
The second objective is at 1.6 USDT, indicating a 600% profit for whales 🐳
However, it's crucial to note that these objectives are based on technical analysis and may change depending on market conditions 📉📈.
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ADA Analysis: Key Levels and Trend Outlook 2024.12.28Hello, this is Greedy All-Day.
Today’s analysis focuses on ADA (Cardano).
Weekly Chart Analysis
Looking at the weekly chart, ADA is currently within the green box frame.
However, unlike the past, where the price oscillated within a box range with alternating bullish and bearish candles, the current zone has seen three consecutive bearish weeks, signaling persistent selling pressure.
Key Support Zone: Red Box
The red box represents the resistance level from 2022 before the breakout. It is now acting as a support zone under test.
If the support holds: ADA may follow a similar range-bound movement as seen in the green box on the left.
If the support fails: ADA is likely to drop further into the yellow box zone.
Breakdown Scenario:
If the yellow box support also fails, ADA may enter the blue box frame, with the potential to decline to as low as 0.216.
Daily Chart Analysis
The daily chart reveals several bearish patterns:
Head & Shoulders (H&S) pattern is complete.
Descending Triangle pattern is also complete.
Key Observation:
ADA is currently holding the 0.87 support level.
However, if the price breaks below the Ichimoku Cloud on the daily chart, the bearish patterns suggest a significant loss of buying momentum and a potential shift to selling pressure.
Target:
If the bearish scenario unfolds, the expected sell-off could lead to a 51% decline, with the price first testing the yellow box zone.
Additional downside potential will depend on whether support emerges in the yellow box zone.
4-Hour Chart Analysis
The 4-hour chart confirms that ADA has broken its short-term trendline, indicating a definitive shift in momentum.
Buying pressure appears to have dissipated, suggesting that the bullish trend is effectively over for now.
Upside Potential:
For ADA to regain bullish momentum, it would need to climb back above $1.00.
Until that happens, the market should be approached with a sell-oriented perspective.
Conclusion
ADA is currently in a bearish trend, with critical support levels being tested.
If 0.87 support holds, a temporary range-bound movement may occur.
If it breaks, ADA could fall to the yellow box zone or even enter the blue box frame, with a potential low of 0.216.
For now, a sell perspective is more appropriate, with cautious monitoring of the $1.00 level for potential signs of recovery.
Trade wisely, and best of luck! 🚀
Be careful with ADAUSDT !!!After breaking the descending wedge, the price fell to the support line. As you can see, the price has now formed an ascending wedge, which is promising. The price could rise to $1.07 after breaking this wedge, but considering the Christmas holidays, this might take a bit longer.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TradeCityPro | Cardano : On the Way to a New ATH👋 Welcome to TradeCityPro!
In this analysis, I will review the ADA coin for you. The Cardano project is one of the major projects in the crypto space and has been among the top 10 coins by market cap for a long time.
📅 Weekly Timeframe: Moving Towards ATH
In recent weeks, ADA has shown a strong upward trend, forming significant lows that serve as support levels for the price.
📈 Currently, the price is struggling with the resistance level at 1.2046, and if this level is broken, the next major resistance will be the ATH.
🧩 The RSI oscillator entered the overbought zone during the price pump, reaching 82.87, and is now in a corrective phase, moving below the overbought level.
📊 The buying volume in recent candles has been substantial, supporting the trend and showing convergence.
🔽 In case of a correction, the first support level is at 0.7683, which the price has already reacted to once. If a deeper correction occurs, the last support for this bullish leg is at 0.4322.
✅ The primary support levels are 0.3166 and 0.2427, which are critical and unlikely to be easily lost.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
ADA - Gearing Up for a Breakout?After an impressive rebound from the trend-based Fibonacci extension 1:1 at $0.7655, ADA has been consolidating between $0.92 and $0.85 for the past two days. As the new week begins, today's wOpen at $0.8834 is a critical support level, perfectly aligning with the key level at $0.8806. Holding above these levels reinforces a bullish outlook.
Key Insights and Trade Setups:
Support Zones to Watch:
$0.8834 (wOpen) and $0.8806 (Key Level).
Maintaining above these levels keeps the bullish structure intact.
Long Setup Options:
A great long opportunity was from today’s wOpen ($0.8834).
Alternatively, wait for a retracement to the golden pocket at $0.8877 of this current wave.
R:R: 2.5, a solid potential reward for the risk taken.
Target for Long Trades:
Aim for the Fibonacci 0.618 level at $0.9448, which aligns with the daily resistance level.
This zone also represents a high-liquidity area where short sellers may be forced to exit positions.
Pattern Confirmation:
The potential formation of an Adam and Eve pattern strengthens the bullish case. Confirmation comes above $0.9155, suggesting further upside.
ADA/USDT Trading Scenario UpdateThe asset has shown a strong upward trend, rising from $0.3190 to $1.3264, indicating increased market interest. This growth was accompanied by higher trading volumes, which confirms its strength. Currently, ADA is in a correction phase, which has already retraced over 40% from its peak.
The key POC (Point of Control) level of the current local uptrend cycle is at $0.5979. This volume-based level could serve as support and potentially mark the beginning of a reversal. For investors, this represents a good entry point to purchase the asset at a more favorable price before a potential altseason.
It’s important to monitor the price action near this level, as its reaction could determine the further direction of movement.
ADA - Time to buy again!As I mentioned in previous analyses, ADA finally broke the wedge and the price turned bearish. However, now if the price can break the 0.618 Fibonacci line, it can rise up to $1.
previous analyses
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Be careful with ADAUSDT !!!I think the price is trying to form a bullish flag, but I'm not sure yet. After the bullish flag breaks, we can say that the price will increase.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Cardano bullish scenarioMy analysis of the ADA/USDT chart highlights important price levels. The $1.26 mark presents an initial hurdle, acting as resistance. A break above this level could signal bullish momentum. Conversely, the $0.81 level has proven to be a strong support zone. I'm targeting $2.00 as an intermediate target and $3.10 as a longer-term objective, which could represent a new all-time high. This analysis is based on current chart patterns and does not guarantee future price movements. This is not financial advice. Trade at your own risk.
Cardano - Starting The 10x Parabolic Rally!Cardano ( CRYPTO:ADAUSD ) is perfectly following the break and retest:
Click chart above to see the detailed analysis👆🏻
With an incredible +200% pump in November, Cardano is finally coming back to life after creating the bullish double bottom break and retest just a couple of months ago. Looking at previous cycles, this seems to be just the beginning of another +3.000 rally.
Levels to watch: $3.0, $10.0
Keep your long term vision,
Philip (BasicTrading)