ADA at a Breaking Point: Will It Skyrocket or Crash?Yello! Are you ready for whatโs coming with #ADAUSDT? The price action is heating up, and the next move could be explosive. #ADA is showing signs of a critical Elliott Wave structure, and what happens next will determine whether we see a massive rally or a sharp drop. Letโs dive into the analysis.
๐#CARDANO has just completed a strong impulsive 5-wave structure, topping out around $0.8211. At this peak, weโre seeing a double top formation with corrective Wave B, which is often a bearish reversal signal thatโs exactly whatโs unfolding now with an ABC correction pattern. The price is currently in Wave B of the correction, gearing up for a potential drop towards Wave C.
๐The critical level to watch is the Golden Pocket Zone (FIB 0.168) around $0.7430. This zone is crucial because if #ADAUSD holds this level, it could trigger a strong bullish reversal that sends the price towards the $0.8240 Supply Zone.
๐However, if ADA fails to hold momentum at the FIB 0.168 level and closes below it, we could see it dropping further, potentially targeting the imbalance and bullish OB zone at $0.7089.
๐Before entering a trade, we add confirmation such as ensuring the RSI and MACD form a bullish divergence. If they do, that means the Wave C correction has ended, and a new Elliott Wave structure is on the way, offering a long opportunity.
Whatโs your take? Will ADA bounce or break down? Share your thoughts below! ๐ฌ
MyCryptoParadise
iFeel the success๐ด
ADAUST trade ideas
$ADA Surges 15% Amid Grayscaleโs Groundbreaking ETF ProposalCardano ( CRYPTOCAP:ADA ), the ninth-largest cryptocurrency by market cap, is making headlines once again. This time, itโs not just about its innovative blockchain technology or its proof-of-stake consensus mechanismโitโs about a potential game-changer in the world of traditional finance. Grayscale Investments, the powerhouse behind the first Bitcoin ETF, has proposed a first-ever Cardano ETF for listing on the New York Stock Exchange (NYSE). This announcement sent CRYPTOCAP:ADA soaring by 15%, with its price hitting $0.7953 and its market cap climbing to $27.99 billion. But what does this mean for Cardano, and why is this development so significant? Letโs break it down.
Grayscaleโs Cardano ETF Proposal
Grayscaleโs filing for a Cardano ETF marks a pivotal moment for the cryptocurrency. Unlike its previous ETF filings for Solana and XRP, which involved converting existing trusts into ETFs, the Cardano ETF is a brand-new offering. If approved, the Grayscale Cardano Trust (ticker: GADA) would allow traditional investors to gain exposure to ADA without the complexities of managing private keys or navigating crypto exchanges. Coinbase Custody would serve as the custodian, while BNY Mellon would handle administrative tasks.
This move is particularly significant for Cardano, which has often been overshadowed by Bitcoin and Ethereum in the ETF conversation. While Bitcoin and Ethereum ETFs have dominated discussions, Cardanoโs inclusion signals growing institutional interest in altcoins. However, regulatory hurdles remain. The SEC has previously classified ADA as a security in its lawsuits against Binance and Coinbase, which could complicate approval.
Technical Analysis
From a technical standpoint, Cardano is showing strong signs of a bullish reversal. Hereโs what the charts are saying:
1. Price Action and RSI:
Despite the 15% surge, Cardanoโs Relative Strength Index (RSI) sits at 46, indicating that the asset is not overbought. This suggests thereโs still room for upward movement before hitting resistance levels. The lack of overbought conditions is a bullish signal, as it implies sustained buying pressure.
2. Fibonacci Levels:
In the event of a market pullback, the 78.6% Fibonacci retracement level serves as a strong support zone. This level has historically acted as a springboard for price recoveries, making it a critical area to watch.
3. Breakout Potential:
A breakout above the 1-month high pivot point could trigger a sustained bullish streak, potentially propelling ADA toward the psychologically significant $1.5 mark.
4. Volume Surge:
Trading volume for ADA spiked by 51% to $1.16 billion, reflecting heightened market activity and investor interest. Increased volume during a price surge is a strong confirmation of bullish momentum.
Why This Matters for Cardano and the Crypto Market
Grayscaleโs Cardano ETF proposal is more than just a win for ADA holdersโitโs a milestone for the broader cryptocurrency market. Hereโs why:
1. Institutional Adoption:
An ETF would open the doors for institutional investors who have been hesitant to dive into the crypto space due to regulatory and custodial concerns. This could bring significant capital inflows into Cardano.
2. Regulatory Clarity:
While the SECโs stance on ADA remains uncertain, Grayscaleโs filing could push regulators to provide clearer guidelines on altcoin classification. This would benefit the entire crypto ecosystem.
3. Market Sentiment:
The mere announcement of a Cardano ETF has already boosted market sentiment, as evidenced by the 15% price surge. Approval could further solidify Cardanoโs position as a top-tier blockchain project.
4. Altcoin ETF Landscape
If approved, the Cardano ETF could pave the way for similar products targeting other altcoins, expanding the reach of digital assets in traditional finance.
Conclusion
Cadanoโs 15% surge following Grayscaleโs ETF proposal underscores the growing institutional interest in the project. With strong technical indicators pointing to further upside and a groundbreaking ETF filing that could reshape the altcoin landscape, CRYPTOCAP:ADA is poised for a potential breakout. While regulatory challenges remain, the proposal marks a significant step toward mainstream adoption.
ADA Buy๐ ADAUSDT Signal Analysis
๐ Timeframe: 4H
๐๏ธ Exchange: Binance
๐ Market Overview:
๐ธ The current price of ADA is around 0.6988 USDT.
๐ธ A recent downtrend has pushed the price lower, bringing it close to a key support level.
๐ธ If the price reacts positively, a potential uptrend could begin.
๐ Technical Analysis:
๐น Key Support Level: ๐ข 0.6482 USDT
๐น Key Resistance Levels: ๐ต 0.7729 USDT, ๐ต 0.9082 USDT, ๐ต 1.0486 USDT
๐น Stop Loss: ๐ด 0.5472 USDT
๐น Capital Management: ๐ Enter the trade only after a confirmed bullish candle.
๐ Entry Strategy:
โ
If the price reacts positively around 0.6482 USDT, a long position can be considered after a confirmed bullish candle.
๐ฏ Target Levels:
1๏ธโฃ 0.7729 USDT
2๏ธโฃ 0.9082 USDT
3๏ธโฃ 1.0486 USDT
โ Stop Loss: If the price breaks below 0.6482 USDT and reaches 0.5472 USDT, the trade should be closed.
๐ Important Note: A confirmed bullish candle is essential before entering to ensure a strong reversal.
โ ๏ธ Conclusion:
๐ This analysis is based on technical data and should be used alongside other strategies and proper risk management.
Cardano (ADA): Sharp Selling Pressure!Cardano seems to head toward the major support zone (which, on bigger timeframes, acts as an important neckline).
We are aiming to see the price reach $0.82 zones where we might see some fight between buyers and sellers.
Either way, it will be early to call a further move from there but we would want to see a break of it, which would stabilize the coin properly and give a better chance for healthy bullish movement!
Swallow Team
A True Flush. Cardano In Elliott Wave TermsCardano's correction exceeds 60%. This pair went through a really major flush, yet, we still have a very strong higher low.
A major crash such as we witnessed just now is not all bad news. Actually, this is great news because a new opportunity develops for all those that missed the train.
Cardano peaked the 3rd of December 2024, more than two months ago.
The bigger part of the correction is over, what is left now is only a short period of consolidation before a new phase of growth. We have a higher low and thus a higher high next.
The previous peak happened at 1.32, the next one can go beyond 8 if we consider the long-term.
Short-term targets can be found on the chart.
The correction wick low challenged the 0.786 Fib. retracement level but closed above 0.618. This is good.
โ Elliott Wave
The correction developed as a classic ABC (Wave 2 of a higher degree). Preceded by a 5 up-wave pattern (Wave 1 of a higher degree).
What follows an ABC correction is a new bullish impulse. A new bullish impulse means five waves up.
This five waves up would be equal to wave 3 of a higher degree. Which means that after the next bullish jump we get another correction (Wave 4) followed by one final jump, the fifth wave. This fifth will also develop as a 1-2-3-4-5 pattern.
Thank you for reading.
Namaste.
Be careful with CARDANO !!!The price can experience significant growth now and go up to 89 cents and then up to 1 dollar. Also, positive divergence in MACD can be one of the signs.
Give me some energy !!
โจWe spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.๐
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
โ
Thank you, and for more ideas, hit โค๏ธLikeโค๏ธ and ๐Follow๐!
โ ๏ธThings can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Cardano / TetherUS
Weekly Analysis of Cardano
Hello and greetings to dear followers,
This is a simple and effective analysis of the weekly Cardano chart, clearly highlighting excellent buying opportunities. Based on the market value of the cryptocurrency, we have updated and published this analysis.
Chart Overview:
Monthly Liquidity Level: The monthly liquidity is $0.2756.
Buy Zone: The weekly buying zone is $0.2096, and the likelihood of the price reaching this level is very high.
When the price approaches these areas, we will enter a buying position upon receiving daily confirmation. Given the CHoCH (Change of Character) on the weekly chart, itโs not unexpected for the price to reach these levels to attract the necessary liquidity for a new peak, and this time we could witness an exceptional position for this asset!
Position Update:
I will regularly update my selling positions in the 4-hour and daily time frames, and I will republish this analysis along with those updates.
Risk Disclosure:
This analysis is intended solely for informational purposes and should not be considered financial or investment advice. Trading in financial markets carries risks and may result in the loss of your capital. Therefore, I kindly ask you to conduct the necessary research before making any investment and to enter trades with full awareness.
Thank you, and I wish you success!
Fereydoon Bahrami
Price Drop Expected Before Reaching Final Target of $1.36Hello and greetings to all the crypto enthusiasts, โ
I aim to provide you with a comprehensive overview of the future price potential for Cardano ๐ก
Prior to any significant price increase, Cardano is expected to undergo a retracement towards a target I have marked on the chart, which aligns with a well-established support level that has held strong over the past several months. This level is key for validating the current trend and ensuring a stable foundation for future upward momentum. Once this support is confirmed, there is a high probability of a price surge of at least 40%. The potential for this rally is further supported by the overall market structure and technical indicators. The final target for this upward move is clearly indicated on the chart, offering a well-defined roadmap for the next stages of price action. With these conditions in place, a measured and calculated approach seems prudent.๐๐
๐งจ Our team's main opinion is: ๐งจ
Cardano is likely to drop to a key support level Iโve marked on the chart, which has held for several months. Once this support is confirmed, we could see a 40% price increase, with the final target clearly outlined.
Give me some energy !!
โจWe invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box.
Cheers, Mad Whale. ๐
Cardano (ADA) Update: Bull Trap or Recovery?Cardano (ADA) has struggled to reclaim $1, facing strong resistance and increased volatility. After a sharp pullback, the token stabilized near $0.7, bouncing back without deeper corrections. However, despite this rebound, ADA remains at risk of further downside.
Key Bearish Signals:
๐ป Whale Activity Drops โ Large ADA holders (owning 0.1%+ of supply) reduced exposure by 90% in the past 7 days, per IntoTheBlock data.
๐ป High Volatility โ ADAโs price fell from $0.977 to $0.75 last month, showing uncertainty.
๐ป Descending Parallel Channel โ After breaking its ascending trendline, ADA now trades in a downward structure.
Can ADA Break $1?
๐ Bullish Divergences Emerging โ The Chaikin Money Flow (CMF) & RSI hint at rising buying strength.
๐ Key Breakout Level โ ADA must surpass $0.786 to spark a rally toward $0.90+.
If ADA validates its recent rebound, a breakout could lead to a new uptrend. However, if buying pressure fades, the price may drop further, trapping bulls.
AdausdtAnything below a close below 0.70 would the the end for bulls , am expecting this support to hold and move higher from here . I am still think btc looks bad ln the weekly because of the macd but also the macd is not a garanteed signal of downtrend there can be divergences and the price can still move up. Ama long this coij with stop loss below 0.70
Cardano : #Taking advantage of the accumulationif (a big if) if there is till steem left in this bull run,
ADA might reach 5$ (peak) this cycle.
But, at this moment at a shorter timeframe to get to the peak it needs to retrace to the weekly support which rest around 0.4.
therefore, considering the current BTC direction, looking for a short.
ENtry: 0.77
TP: 0.72, 0.64, 0.55, 0.45
SL: 0.82
ADA Weekly Chart Analysis ๐ #ADA/USDT
CRYPTOCAP:ADA Falling Wedge formation with a fakeout below key support, now acting as a demand zone ๐ง
A bullish scenario could play out if we see confirmationโa breakout through the confluence of EMA 50 + EMA 100 + EMA 200 + 0.236 Fib ๐
๐ฏ Targets:
๐น 0.618 Fib - $1.1630
๐น 0.786 Fib - $1.6277
๐ฅ A breakout could trigger a strong rally! ๐
@Whalesdesk
Massive ADA Cardano Update - Is Correction Over?Hello, Skyrexians!
Let's come back to our favorite coin BINANCE:ADAUSDT . While most of alternative coins have broken the all time lows, Cardano's price is still high. Looks like the bull run for this asset is going to continue because impulsiveness has been saved and recent drop looks like a correction.
In one of our analysis we told you that ADA is in global wave 3 and growth from $0.28 to $1.3 was just the first impulse in this global wave. On the weekly timeframe price touched 0.5-0.61 Fibonacci retracement area and bounced immediately. If this correction is over the next target is approximately $3 in the sub wave 3. The great sign for trend continuation is that Bullish/Bearish Reversal Bar Indicator has not printed the red dot at the possible wave 1 top, like we have seen the green dot earlier before rapid pump. We still positive on this crypto and believe that soon it will pump like a mad dog.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
ADAUSDT - Daily Analysis (D)#ADAUSDT - Daily Analysis (D)
Update:
As predicted in the previous analysis, the price drop for ADA has continued. According to recent analysis, the medium-term support level for this coin is around $0.40. It is expected that the price will move downward in an ABC correction structure towards the lower bound of the descending channel.
๐ป Key Support Level: $0.40
๐ผ Prediction: Continued corrective movement towards the lower channel bound
This analysis indicates that further downside is likely in the short term, but the support level can present an opportunity for entry.
โโโโโโโโโโโโโโโโโโโโโ
๐
Date: 2025/02/04
Analysis by: @MohsenHasanlu
another look at my previous chart....ALTERNATE CRYPTOVERSEAda is bouncing well after the dumpster fire that happened over the weekend....
currently ADA is forming an ascending wedge...(bearish)
i am expecting a rejection at $.857 area...if the ascending wedge doesn't breakdown i think we can expect price to find a bottom in this trend support.....with support being around $.803
if that breaks down you can look for supports in the $.7665 level...
next support at .668
Lets GO!!!! ill be buying at $.58-$.53 or the break of $.857
Remember to always conserve capital....if you don't protect your money you won't be around long...before enter a trade always come up with a trade plan... figure out why you are getting into the position....what would casue you to exit at a lose? how far are you willing to allow drawdown? Where are you taking profits... or where are you putting a trailing stop? and then keep the discipling and stick to the plan...
Don't limit your runners and expose yourself to unlimited gains by not using a stop loss and just putting a sell order...be wise... use a stop loss, buy the bottom(or take a 2.5% loss and try again) and then once you are in profit and cleared network and transaction fees... put a stop loss... and always
Use Best Trading Practices and STICK TO YOUR PLAN
#LFGold