Cardano Price Prediction: ADA Holds Key Support While Traders Eye $1 Breakout
Cardano (ADA) has regained strength above the $0.83 mark, sparking renewed optimism after a turbulent correction. The recent recovery has drawn investor attention not only to ADA’s technical structure but also to its growing derivatives market.
While the spot price consolidates within a bullish channel, exchange flows and rising open interest hint at an increasingly speculative environment. This combination is shaping ADA’s next potential move toward the $1 psychological threshold.
Support and Resistance in Focus
The $0.824 level, aligned with the 0.618 Fibonacci retracement, has proven critical in sustaining bullish momentum. Holding above this point keeps ADA within a recovery range.
Beneath this area, stronger support emerges at $0.764, reinforced by the 100-day EMA and close to the 200-day EMA near $0.770. A breakdown below these zones could expose the asse…
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Cardano Price Prediction: ADA Holds Key Support While Traders Eye $1 Breakout
Cardano (ADA) has regained strength above the $0.83 mark, sparking renewed optimism after a turbulent correction. The recent recovery has drawn investor attention not only to ADA’s technical structure but also to its growing derivatives market.
While the spot price consolidates within a bullish channel, exchange flows and rising open interest hint at an increasingly speculative environment. This combination is shaping ADA’s next potential move toward the $1 psychological threshold.
Support and Resistance in Focus
The $0.824 level, aligned with the 0.618 Fibonacci retracement, has proven critical in sustaining bullish momentum. Holding above this point keeps ADA within a recovery range.
Beneath this area, stronger support emerges at $0.764, reinforced by the 100-day EMA and close to the 200-day EMA near $0.770. A breakdown below these zones could expose the asse…
Read The Full Article Cardano Price Prediction: ADA Holds Key Support While Traders Eye $1 Breakout On Coin Edition.
Read More
Bitcoin (BTC) Price Prediction: Will Bitcoin Break $118K?