Cardano (ADA) Rebounds From Lows, Eyes Key $0.72 Resistance Level
Cardano (ADA) is staging a cautious rebound after testing the critical $0.52–$0.57 support range, a zone that has historically triggered major reversals. Related Reading: Galaxy Digital Slashes Bitcoin EOY Price Target To $120,000 Market analyst Ali Martinez highlighted that every touch of this area since late 2024 has resulted in a sharp upside reaction, signaling strong buyer interest. ADA now trades around $0.53, with bulls aiming to defend this zone to avoid retracements. The rebound coincides with improving on-chain sentiment and growing accumulation around long-term supports.....
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Despite a largely volatile session, there have been a few tokens which managed to evade the red wave. Cardano rose to its highest level in over a week to start the weekend, as prices moved toward a key resistance level. Filecoin was another notable gainer, climbing by over 12% on Saturday Cardano (ADA) Cardano (ADA) was back in the green on Saturday, as the token rallied following recent declines in price. Following a low of $0.4499 on Friday, ADA/USD surged to an intraday high of $0.4769 to start the weekend. The move sees cardano move closer to its long-term resistance level of $0.4800,....
The Cardano price is currently eyeing an impulsive move to the upside following the invalidation of a bearish Relative Strength Index (RSI) divergence. In his analysis, crypto analyst Melika Trader revealed how high ADA could rally following this bullish channel formation. Cardano Price Eyes Impulsive Move To The Upside In a TradingView post, Melika Trader predicted that the Cardano price could rally to between $0.90 and $0.94 as it eyes an impulsive move to the upside. The analyst observed that ADA recently experienced a sharp rally, breaking through resistance levels and establishing a....
Cardano (ADA) has staged an impressive rebound, posting an 8% monthly gain as traders eye its next major move. At the time of writing, ADA trades at $0.887, testing a key resistance zone between $0.88 and $0.90. Related Reading: XRP Price Confirms Descending Trendline Breakout, Here Are The Targets Analysts note that Cardano has been […]
Amid the market recovery, Cardano (ADA) has seen a 5% daily surge to retest the $0.66 level. Its recent price action has led the cryptocurrency to break out of a bullish formation, which could propel ADA to a key resistance zone. Related Reading: Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? Cardano Breakout Eyes 27% Move On Tuesday, Cardano followed Bitcoin’s price jump and climbed to the $0.66 resistance, attempting to break above the key level for the third time this month. ADA has been in a downtrend since hitting its 3-year high of $1.32 in December....
Cardano price started a fresh decline below the $0.80 zone. ADA is now consolidating and might aim for a recovery above $0.780. ADA price started a fresh decline below $0.80 and $0.780. The price is trading above $0.750 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $0.750 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7840 resistance zone. Cardano Price Eyes Recovery In the past few days, Cardano saw a fresh decline below the $0.7550, unlike Bitcoin and....