#ADA/USDT#ADA
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.6400
We have a downtrend on the RSI indicator that is about to be broken and retested, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.7280
First target 0.7584
Second target 0.8267
Third target 0.9112
ADAUST trade ideas
ADA meets ADAM & EVEBearish outlook for ADA as it has formed an Adam & Eve pattern on the 12 hour view.
If ADA falls below 0.80 for enough time, the retest to below 0.70 will be a likely scenario.
This is a Double Top Adam and Eve trading pattern, potentially showing a trend reversal (its accuracy isn't guaranteed) Usually this is 65% to 75% accurate.
ADAUSDT Technical AnalysisADAUSDT Technical Analysis
1. Current Market Situation:
- Price trading around 0.7278 USDT
- Strong downtrend with consistent lower lows and lower highs
- Volume showing increased selling pressure
- Trading below all major EMAs indicating bearish momentum
2. Technical Levels:
- Major resistance at 0.8190 USDT
- Immediate resistance at 0.7823 USDT
- Current support at 0.6922 USDT
- Next critical support at 0.6263 USDT
3. Technical Indicators:
- EMAs in bearish alignment
- Price contained within a descending channel
- RSI showing oversold conditions
- Volume profile indicates distribution phase
Trading Recommendations:
1. Short-term Strategy:
- Avoid counter-trend buying
- Look for short opportunities on rebounds
- Key entry for shorts near 0.7823 resistance
- Set Stop Loss above 0.8190
2. Risk Management:
- Keep position sizes small (1-2% of portfolio)
- Use tight stops due to high volatility
- Consider scaling out of positions
- Avoid high leverage in current market conditions
3. Key Levels to Watch:
- Primary resistance: 0.8190 USDT
- Critical support: 0.6263 USDT
- Channel resistance: 0.7823 USDT
Summary: ADAUSDT remains in a strong bearish trend. Conservative traders should wait for clear reversal signals before considering long positions. Short-term traders can look for short opportunities at resistance levels with strict risk management.
#ADA WAITING FOR A BREAKOUT TO THE UPSIDECardano has pulled back to our crucial support zone. If we get a trendline break with a confirmation candle close then our first target would be at $1.00 and with enough volume and momentum ADA would be looking to reach target 2 at $1.15.
In case we break this support zone, the the next support down is sitting at $0.60.
So far, it looks like ALTS are ready to bounce back to life but always follow what the chart is showing you over what you'd like to see happen!
Cardano Update: Short-Term Price Action & Long-Term AnalysisCardano here is revealing a bullish situation. Let's review the basics first.
The correction bottom low came in early February, on the third. Then a higher low happened on the 28th. Good. This higher low was followed by a strong bullish breakout on Trump news. Notice how the retrace remains really strong.
The low 28-Feb reached $0.5803. The low 4-March reached $0.7574. This is 30% higher compared to 28-Feb. Compared to 3-Feb, the most recent low is 51% higher. This reveals a bullish bias.
Even while there is a retrace the action is happening far away from support. This means that buyers are present, bears are weak. Volume. Ok.
Notice the volume. Very low volume on the descent.
Whatever you do, whatever you think will happen next, buy and hold steady, Cryptocurrency will grow. The Altcoins will grow. This chart is bullish and the recent breakout from a falling wedge pattern and current price action proves so.
There is no lower low possible on this chart. There is possibility for a little lower but that is not my guess nor my bet. The best the bears can do is push prices a little bit lower and create a new great entry for us, a great entry because we are going up next.
I think we will see higher prices almost right away. This bearish action is no bearish, I see only a simple retrace, classic reaction after a strong jump. Since this is classic, even more classic is a continuation after a higher low. The continuation will strong because the initial breakout was strong.
One thing to keep in mind though, we are entering a phase of long-term growth. So it will be mixed with some doubts while prices grow.
If in doubt, ever, just zoom-out. The chart is clear. Cardano is set to grow. It will continue growing long-term.
Below is the full long-term analysis including a potential target for a new All-Time High in 2025, this analysis is still valid today:
Thank you for reading.
Namaste.
Long - Cardano (ADA) In the depths of this market’s chaos, where fear meets greed and uncertainty lingers, a silent battle unfolds. Hidden beneath the wicks and wicks of deception, stealthy accumulation is in motion.
CVD whispers the secrets of absorption, longs are quietly stacking, and the footprints of liquidity hunts are becoming clear. A hidden bullish divergence creeps into existence, masked by the illusion of weakness. The impatient sell, the fearful exit, yet the patient watch.
And just when the crowd is convinced the tide has turned against them… the market strikes.
Liquidity gets taken, shorts get squeezed, and price erupts before anyone even realizes what just happened.
The question is: Are you prepared?
ADA | UPDATE | Heading for BIG THINGS ??Lace Light Wallet has announced the release of Daedalus 7.1.0 for Cardano, which introduces various security improvements and bug fixes.
This might be particularly important , considering the recent hack on ByBit where billions of dollars worth of ETH was allegedly stolen by the Lazarus group. (More on that, here:)
The price reacted positively briefly to the news, until whales took the opportunity to "sell the news", as we are currently seeing a correction in both the daily and the weekly timeframe:
Ada is likely on par for a further correction, should the current support level not hold. The next zone would be retesting the wick:
It's possible that with these continued improvements, Cardano could be a sleeping giant, waiting for it's moment to shine - in which case, given the functionality is there, the price could easily double from the previous ATH.
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Massive Macro Retest: Expecting $1 on ADA, Should Be Bottoming SCRYPTOCAP:ADA has an extremely clean chart, and I think there's a good chance of a move from here after filling the wick and retesting the macro SR flip level.
The current downtrend will expire on March 10th (one of the fastest to expire), so we expect to be a first mover once we see a bounce.
I've bought some here and will continue to add below 60c.
I'm targeting close to $1 and will re-evaluate if it shows greater strength. $CARDANO BINANCE:ADAUSDT
ADA on the brink of a surgeCardano, after a pullback to the weekly descending trendline that it broke three months ago, is now on the verge of an upward movement. Considering President Trump's tweet regarding the United States' strategic reserve, I must say: experience has shown that news always comes in the direction of the movement.
CARDANO..... (ADA.USDT)In recent days, and especially with the election of Trump, there has been an increase in attention and support for cryptocurrencies associated with American leaders.
Therefore, Cardano has become more popular than before.
But in any case, a Cardano reform is inevitable.
Buyers need to pay attention to this issue.
Cardano ADA Is The Best Donald Trump's Coin EverHello, Skyrexians!
We have already made a lot of analysis on BINANCE:ADAUSDT and all of them plays out great, this coin is very technical moving, so we can predict them with the high probability. Donald Trump recently announced that ADA will be in reserve, so we have to understand how it can affect the price action.
Let's take a look at the weekly time frame. You can see that after a green dot on Bullish/Bearish Reversal Bar Indicator the impulsive waves 1 and 3 have been started. In our opinion now the wave 3 is about to continue. Awesome Oscillator has the highest value in this bull run that's why this is can be only wave 3. The targets are very high. Now we can say that they are located between $2 and $3.5 with the final bull run target at $5.
Best regards,
Skyrexio Team
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Phemex Analysis #64: Pro Tips to Trade Cardano (ADA)The cryptocurrency market was recently jolted by President Donald Trump's announcement on March 2, 2025, of the establishment of a U.S. "Crypto Strategic Reserve." This initiative aims to position the United States as the "crypto capital of the world" and includes major cryptocurrencies such as Bitcoin ( PHEMEX:BTCUSDT.P ), Ethereum ( PHEMEX:ETHUSDT.P ), Ripple ( PHEMEX:XRPUSDT.P ), Solana ( PHEMEX:SOLUSDT.P ), and notably, Cardano ( PHEMEX:ADAUSDT.P ).
The immediate market reaction was swift and dramatic. Cardano's price surged by over 78%, reaching a four-month high of $1.19 on March 3, 2025. However, this bullish momentum was short-lived, as ADA's price retraced to lowest $0.75 by March 4, reflecting a 36% decline from its recent peak. At the time of writing, ADA is trading at approximately $0.93, having bounced back 22% from its recent low of $0.75.
In light of these developments, traders are exploring several possible scenarios for ADA's price movement:
1. Consolidation Phase
After the initial surge and subsequent correction, ADA may enter a consolidation phase, trading within a range as the market digests the news and assesses its long-term implications. This period of sideways movement could present opportunities for traders to employ range-bound strategies, buying at support levels and selling at resistance.
Pro Tips:
Identify Key Levels: Determine the support levels ($0.75, $0.58 & $0.49) and resistance levels ($0.98, $1.19 & $1.32) to inform entry and exit points.
2. Renewed Bullish Momentum
Should positive sentiment surrounding the Crypto Strategic Reserve persist, ADA could experience renewed buying pressure, leading to a potential breakout above recent highs. This scenario would likely be accompanied by increased trading volumes and heightened investor interest.
Pro Tips:
Breakout Confirmation: Wait for a confirmed breakout above the previous high of $1.19 with substantial volume before entering long positions.
Risk Management: Set stop-loss orders below key support levels to protect against false breakouts.
3. Continued Downward Correction
Conversely, if market sentiment shifts negatively or profit-taking intensifies, ADA could resume its downward trajectory, potentially testing lower support levels. Traders should be cautious of this scenario, especially if accompanied by broader market weakness.
Pro Tips:
Support Monitoring: Keep an eye on critical support levels, such as $0.75, $0.58 & $0.49 to identify potential buying opportunities or to exit existing positions.
Market Correlation: Monitor the performance of major cryptocurrencies like BTC and ETH, as their movements often influence ADA's price action.
Final Thoughts
The recent announcement of the U.S. Crypto Strategic Reserve has injected significant volatility into the cryptocurrency markets, particularly affecting assets like Cardano. Traders should remain vigilant, employing robust risk management strategies and staying informed about broader market trends. By considering the potential scenarios outlined above, traders can better navigate ADA's price movements and capitalize on emerging opportunities.