ADA is on fire!Hello Traders,
The cryptocurrency market has been buzzing lately, and Cardano (ADA) is no exception!
Over the past couple of weeks, the ADA price has skyrocketed by more than 200%, reaching a strong resistance zone at $1.15–$1.25 level.
This is an incredible performance, especially with altseason just around the corner.
What to expect from ADA in the near future? Let’s break it down!
ADA has hit a significant resistance zone, so we’re likely to see some consolidation — or even a correction — soon. The big question is: how long will this phase last, and how deep could the correction go?
Considering the momentum in the market, I don’t anticipate a prolonged consolidation. With altseason on the horizon, the uptrend could continue after a brief pause. If ADA breaks through the current resistance, the next target to watch for is the $2 price level.
On the downside, any correction is unlikely to push ADA below $0.80 — a promising sign for those holding or trading ADA.
Please, do not forget to boost this idea and leave your comments below, thanks.
ADAUSDT trade ideas
Ada/UsdtBINANCE:ADAUSDT
### **$ADA/USDT Price Analysis 🚨**
#### **Key Observations:**
1. **Overbought Zone on the Daily Chart❗️**
- ADA is in a highly overbought zone based on the daily timeframe. This suggests that the price may have risen too fast, and a pullback or correction could be on the way. Overbought conditions often signal that buyers might take profits soon, leading to a decline in price.
2. **Weekly Resistance Zone Reached❗️**
- ADA has touched a significant **weekly resistance zone**, which often acts as a ceiling for price movement. Resistance levels are where selling pressure typically increases, making it more difficult for the price to continue rising.
3. **Bearish Correction Expected📉**
- Given the overbought condition and the weekly resistance hit, you anticipate a **bearish correction**. A price pullback is common when assets approach key resistance, especially after a strong rally. This would be a healthy consolidation before any further upward movement.
4. **Support Zone Between $0.8500 - $0.8600📉**
- You are monitoring the **$0.8500 - $0.8600 support zone**. If the price drops into this range, it could find support, where buying pressure may emerge. This is a critical level for potential price reversal or stabilization.
5. **Potential for Bearish Channel on H1 Chart📉**
- On the **1-hour (H1) chart**, you anticipate that ADA could move into a **bearish channel**. A bearish channel indicates a series of lower highs and lower lows, signaling that short-term momentum is down.
6. **Liquidity Shifting in the Bull Market🚀**
- In a bull market, **liquidity can quickly shift between altcoins**. As ADA faces correction, other altcoins could see inflows of capital, which can result in fast price changes. This is a broader market trend where money moves from one asset to another, often in search of better opportunities.
#### **Action Plan:**
- **Alert Set on Support Levels**: You’ve set alerts around the $0.8500 - $0.8600 support zone, indicating that you are ready to buy if the price dips into this area.
- **Not Financial Advice**: As always, this is just your analysis based on your chart setups. It’s important for others to conduct their own research before making any trades.
#### **Takeaway:**
- ADA is currently in an overbought zone and has hit weekly resistance, suggesting the likelihood of a bearish correction. You're watching the support zone between $0.8500 and $0.8600 for potential buying opportunities, and you’ve set alerts to be notified if the price dips to these levels.
---
### **Disclaimer:**
This analysis is based on your observations and chart setups. It is important for others to do their own research and manage risk accordingly. Markets can be volatile, and past performance is not always indicative of future results.
#ADA 1W. Will Trump Boost the Price? 11/25/24Rumor has it that one of the ADA team members is friends with Trump, who has already discussed the integration of cryptocurrency into broader development processes. This could, in turn, influence the price of #ADA.
An entry into the position can be considered with 3 limit orders: 15-40% from the current level and 2 more pending orders. Exiting the position will also be done with 3 limit orders. Once the first take profit is hit, I’ll move the stop-loss to the entry point. Wishing everyone profits!
ADA USDT Probable scenario - Possible 25% downtrend to 0.75$ADA/USDT Probable Scenario: Potential 25% Downtrend to $0.75
Cardano (ADA) may face a bearish scenario, with technical indicators suggesting a possible 25% drop in its USDT trading pair. Market conditions and resistance at key levels could push the price down to the $0.75 support zone, presenting a critical moment for ADA traders and investors.
Stop Loss at 0.95$ should save many wallets.
Proceed with care
This is not a financial advice!!!
#ADA. THIS COIN WAS BUILT TO PUMP! ANALYSIS FROM 11/19/24Previously, the price formed an ascending parallel channel pattern, which worked out perfectly. After breaking out of the structure (correction) at the $0.3532 - $0.3112 level, a buyer stepped in, allowing the price to recover and the upward movement to continue.
Buying is possible from the current levels if you're not afraid of potential drawdowns. For a more conservative entry, you can consider the $0.7000 - $0.6600 range. My personal targets from the current levels are:
$0.8180
$0.8800
$0.9800
A stop-loss can be placed at the $0.5800 level. The coin is currently in accumulation, and during this accumulation phase, I expect it to "fuel up" completely, allowing for a strong takeoff and sustained time "in the rocket."
DYOR.
ADAUSDT +200% pump from daily low wait for moreWe are in +200% profit after previous call:
now we can expect range here for a while and more pump after that to the next targets and resistances mentioned on the chart and it is just the beginning.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
ADAUSDT next target is 0.55$ long-termprice is now near major daily support zone and soon we are expecting our target which is 0.55$ to be hit but we may also have fake breakout to the downside which mainly will cause for stop loss hunting with high volume and if that happens the price will get ready then after that for +200% pump to 0.55$ like green arrows on chart.
DISCLAIMER: ((trade based on your own decision))
<
ADA → Bullish Pressure !!!ADA is forming a Triangle on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 0.41 Stay tuned for more updates, thanks.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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 Poised for Massive Potential: Path to $2 and above!Hello,
Cardano has displayed strong bullish momentum, effortlessly breaking through the $0.80 resistance level. This breakout signals renewed investor confidence and sets the stage for further upward movement.
The next critical resistance lies at $1.25. A decisive breakout above this level, confirmed by a strong bullish candle, could pave the way for Cardano to surge toward the $2.
Key levels to watch:
- Support: $0.80
- Resistance: $1.25
If Cardano maintains its bullish trajectory and breaks $1.30 with significant volume, the $2-$3 targets become increasingly likely.
As always, implement proper risk management and monitor market conditions closely.
Happy trading,
Cardano Steadies Its Pace: Next Stops for ADA Price Action!🐢🚀 Cardano Steadies Its Pace: Next Stops for ADA Price Action! 🌟
📈 Cardano (ADA): The Turtle Finally Breaks Free! 💎
Cardano has been delivering strong moves lately, as it finally awakens from a prolonged consolidation phase. Dubbed the “turtle” compared to Solana’s “hare,” ADA has proven its steady resilience with a significant pump this season. Let’s explore the key levels and what’s next for ADA.
🔑 Key ADA Levels: 1️⃣ Current Price: Above $1.00 – a psychological barrier now acting as local support.
2️⃣ Support Levels: $0.9839 remains unchecked and could act as a backstop if ADA retraces.
3️⃣ Resistance Zones: The next challenge lies at $1.19 before ADA can aim for higher targets.
4️⃣ Upside Potential: My chart extends to $1.99, suggesting Cardano could flirt with a potential new all-time high this season – provided momentum holds.
What’s Driving ADA?
Trump Effect? Cardano’s narrative gained some buzz after its founder, Charles Hoskinson, appeared aligned with political momentum in the U.S. While speculative, the market seems to have reacted positively.
Steady Growth: Unlike explosive alts, ADA’s calculated price action makes it attractive for traders who favor structured moves.
🚦 Strategy Notes: 📊 Day Traders: Watch the $1.19 resistance closely for breakout plays.
📊 Spot Holders: Accumulation near $0.98 support could be a safer entry if retracement occurs.
Closing Thoughts: Cardano remains a fantastic trading asset this season, offering a mix of stability and upside potential. While ADA may lag behind faster-moving tokens, its technical strength and long-term potential make it a contender for the next leg up.
📈 What’s your take on ADA’s path to $1.99? Comment below!
One Love,
The FXPROFESSOR 💙
ADA long term and short term perspectivehello guys!
-------long term perspective---------
Long-term support zone: Cardano has found support around the $0.30 - $0.35 level, with previous price action indicating strong demand in this area (engulfed area and old S&D zones).
Bullish reversal potential: The price seems to form a bottom after engulfing the support region, hinting at a potential bullish reversal.
Long-term target: The next major resistance is in the $1.20-$1.80 zone, marked as a long-term target, which aligns with previous highs.
Upside path: If the current support holds, ADA could be positioned for a sustained rally toward the long-term target, especially as buyers regain confidence.
Bearish scenario: A failure to hold support around $0.30 could see the price retesting to below $0.18.
-------short term perspective---------
Immediate Support Zone: Cardano (ADA) is testing a strong support area between $0.33 - $0.34, which aligns with the lower trendline.
Potential Bullish Rebound: A bounce from this support zone could see ADA targeting the resistance zone at $0.38 - $0.39. The engulfed area suggests a possible reversal signal.
Clear Resistance: The $0.39 zone is a significant resistance where sellers previously controlled the market, making it a critical area to watch for any breakout.
Downside Risk: If support fails to hold, the next potential drop could bring prices lower toward $0.30.
Cardano's Elliott Wave Analysis: Predicting ADA's Path to $2.80You can see Elliott wave counts at two levels in #Cardano.
At the first level (Minor), this cryptocurrency reached a price of approximately $0.80. Then, as part of an Intermediate wave, it corrected itself down to $0.2752 and is now constructing wave 3 in the Intermediate level. According to wave theory rules and Fibonacci tools, how far can the length of wave 3 extend? I have plotted potential levels at three significant points: 1.618, 2.61, and 4.27 times the length of wave 1 (Intermediate). Therefore, in the medium term (approximately 4-6 months), it can be expected that Cardano will reach a price of about $2.80. Note that this cryptocurrency has previously experienced a price of $3.30, so reaching these prices is not out of reach.
This analysis is approximate and should not be the basis for your decision-making, but it is certain that #ADA is in its Intermediate third wave.