Cardano Price Prediction: ADA Eyes $0.92 Recovery As Wyckoff Cycle Sparks Debate
Cardano price today is trading at $0.826, rebounding after defending support near $0.78. The move comes as ADA attempts to shake off recent governance controversies and regain momentum toward the $0.92 Fibonacci level. Traders are weighing technical compression, Wyckoff cycle speculation, and founder Charles Hoskinson’s response to a $600 million controversy.
Cardano Price Holds Key Support
The weekly Fibonacci structure highlights ADA clinging to the 0.382 retracement at $0.82. A clean break above this area could set the stage for a retest of $0.92, aligning with the 0.5 Fib level and a key historical pivot.
On the 4-hour chart, ADA trades just under EMA resistance at $0.83–$0.84. A breakout above the descending trendline near $0.88 would open the door to higher levels, while failure to defend $0.78 risks exposing price to $0.72–$0.70, where heavy demand last reappeared. Momentum remains cautious. RSI sits near 52, reflecting neutral sentiment. Traders are watching for volume confirmation before betting on continuation.
Wyckoff Cycle Fuels Optimism
The post Cardano Price Prediction: ADA Eyes $0.92 Recovery As Wyckoff Cycle Sparks Debate appeared first on Coin Edition.
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Cardano Price Prediction: ADA Eyes $0.92 Recovery As Wyckoff Cycle Sparks Debate
Cardano price today is trading at $0.826, rebounding after defending support near $0.78. The move comes as ADA attempts to shake off recent governance controversies and regain momentum toward the $0.92 Fibonacci level. Traders are weighing technical compression, Wyckoff cycle speculation, and founder Charles Hoskinson’s response to a $600 million controversy.
Cardano Price Holds Key Support
The weekly Fibonacci structure highlights ADA clinging to the 0.382 retracement at $0.82. A clean break above this area could set the stage for a retest of $0.92, aligning with the 0.5 Fib level and a key historical pivot.
On the 4-hour chart, ADA trades just under EMA resistance at $0.83–$0.84. A breakout above the descending trendline near $0.88 would open the door to higher levels, while failure to defend $0.78 risks exposing price to $0.72–$0.70, where heavy demand last reappeared. Momentum remains cautious. RSI sits near 52, reflecting neutral sentiment. Traders are watching for volume confirmation before betting on continuation.
Wyckoff Cycle Fuels Optimism
The post Cardano Price Prediction: ADA Eyes $0.92 Recovery As Wyckoff Cycle Sparks Debate appeared first on Coin Edition.
Read More
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