ADA Finds Footing Today at $0.64 With $0.75 the Near-Term Hurdle
- ADA traded near $0.64 on Oct 21, still below the $0.75 to $0.77 supply zone that guards trend repair.
- Weekly supports held at the late-2023 log trend and ~$0.56, keeping the macro uptrend viable.
- Leios and Midnight upgrades, a positive funding rate, and capital rotation themes frame the next leg.
Cardano’s price rebounded after the market’s recent twenty-billion-dollar washout but stayed below $0.75, which kept midterm sentiment cautious. Founder Charles Hoskinson defended ADA’s drawdown by pointing to the broader $20 billion crypto capitulation, a context that matters as traders weigh whether ADA can reclaim former support at $0.75 to $0.77 and reset bullish momentum.
Is Cardano Price Still in a Macro Bull Market?
Why ADA’s recovery depends on a clean $0.75 to $0.77 reclaim
In the weekly timeframe, the ADA/USD pair recently retested two crucial suppo…
Read The Full Article ADA Finds Footing Today at $0.64 With $0.75 the Near-Term Hurdle On Coin Edition.
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ADA Finds Footing Today at $0.64 With $0.75 the Near-Term Hurdle
- ADA traded near $0.64 on Oct 21, still below the $0.75 to $0.77 supply zone that guards trend repair.
- Weekly supports held at the late-2023 log trend and ~$0.56, keeping the macro uptrend viable.
- Leios and Midnight upgrades, a positive funding rate, and capital rotation themes frame the next leg.
Cardano’s price rebounded after the market’s recent twenty-billion-dollar washout but stayed below $0.75, which kept midterm sentiment cautious. Founder Charles Hoskinson defended ADA’s drawdown by pointing to the broader $20 billion crypto capitulation, a context that matters as traders weigh whether ADA can reclaim former support at $0.75 to $0.77 and reset bullish momentum.
Is Cardano Price Still in a Macro Bull Market?
Why ADA’s recovery depends on a clean $0.75 to $0.77 reclaim
In the weekly timeframe, the ADA/USD pair recently retested two crucial suppo…
Read The Full Article ADA Finds Footing Today at $0.64 With $0.75 the Near-Term Hurdle On Coin Edition.
Читать больше
Cardano Targets $1 by Halloween; $0.68 Breakout Remains Key Hurdle