Cardano (ADA) Defends Critical $0.80 Support as Analysts Outline Long-Term Bull Case
- Cardano builds strength as accumulation range forms, signaling a possible long-term rally.
- Analysts highlight $0.80 support as crucial for ADA’s rebound toward higher resistance levels.
- Technical indicators show neutral momentum, with RSI near 45 and weak MACD histogram bars.
Cardano (ADA) remains a key token for traders to watch, as top analysts highlight a strengthening long-term bull case, even as the price faces a critical short-term test. While many investors may be overlooking the project, a closer look at the chart shows a powerful accumulation phase is underway, with a clear line in the sand for bulls to defend.
Long-Term View: A “Blind Spot” Accumulation Phase
Leading market analyst Michaël van de Poppe described Cardano as being in a “blind spot” for most investors, but emphasized that it has been steadily gaining strength under the surface.
Long-term thesis
According to his analysis, ADA is now accumulating within a new range after reclaiming levels lost during the 2022 downturn. He believes this is a strong foundation for the next major upward move.
Key long-term levels
Van de Poppe identified $1.2430 as the crucial long-term re…
The post Cardano (ADA) Defends Critical $0.80 Support as Analysts Outline Long-Term Bull Case appeared first on Coin Edition.
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Cardano Investors Ask: Could ADA Be Forgotten?
Cardano (ADA) Defends Critical $0.80 Support as Analysts Outline Long-Term Bull Case
- Cardano builds strength as accumulation range forms, signaling a possible long-term rally.
- Analysts highlight $0.80 support as crucial for ADA’s rebound toward higher resistance levels.
- Technical indicators show neutral momentum, with RSI near 45 and weak MACD histogram bars.
Cardano (ADA) remains a key token for traders to watch, as top analysts highlight a strengthening long-term bull case, even as the price faces a critical short-term test. While many investors may be overlooking the project, a closer look at the chart shows a powerful accumulation phase is underway, with a clear line in the sand for bulls to defend.
Long-Term View: A “Blind Spot” Accumulation Phase
Leading market analyst Michaël van de Poppe described Cardano as being in a “blind spot” for most investors, but emphasized that it has been steadily gaining strength under the surface.
Long-term thesis
According to his analysis, ADA is now accumulating within a new range after reclaiming levels lost during the 2022 downturn. He believes this is a strong foundation for the next major upward move.
Key long-term levels
Van de Poppe identified $1.2430 as the crucial long-term re…
The post Cardano (ADA) Defends Critical $0.80 Support as Analysts Outline Long-Term Bull Case appeared first on Coin Edition.
Read More