$ADA /USDT is currently trading at $1.0811, reflecting a -3.83% daily decline. Despite the recent pullback, Cardano has shown impressive long-term growth, with 205.91% gains over the past 90 days and 160.57% over 180 days. Price action highlights consolidation within a defined range, presenting opportunities for both long and short positions.
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Key Market Data
24H High: $1.1332
24H Low: $1.0638
Resistance Levels:
Immediate Resistance: $1.1000
Major Resistance: $1.1500
Support Levels:
Immediate Support: $1.0700
Major Support: $1.0500
Trading Volume (24H):
ADA: 157.91M
USDT: 174.39M
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Trading Strategies
1. Long Trade Setup
Entry Zone: $1.0700 - $1.0800 (near immediate support)
Target 1: $1.1000
Target 2: $1.1300
Target 3: $1.1500 (if breakout occurs)
Stop Loss: $1.0500
Reasoning:
The $1.0700 level has demonstrated consistent buying pressure, acting as a strong support.
A rebound from this level could push the price toward resistance at $1.1000 and higher.
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2. Short Trade Setup
Entry Zone: $1.1000 - $1.1100 (near immediate resistance)
Target 1: $1.0800
Target 2: $1.0700
Stop Loss: $1.1200
Reasoning:
ADA has faced rejections near $1.1000 recently, suggesting a potential pullback.
A short entry in this range offers a favorable risk-to-reward setup targeting lower support.
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Predictions
Bullish Case:
1. Breakout Potential: If ADA/USDT breaks above $1.1000 and sustains, the price is likely to test $1.1300 and $1.1500.
2. Extended Rally: A sustained breakout above $1.1500 could trigger further upside momentum, targeting $1.2000.
Bearish Case:
1. Breakdown Risk: Failure to hold $1.0700 may result in a retest of $1.0500.
2. Further Correction: A breakdown below $1.0500 could lead to a sharper decline toward $1.0000.
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Conclusion
ADA/USDT is trading within a well-defined range, offering traders clear entry and exit points. The $1.0700 support and $1.1000 resistance are key levels to watch for breakout or rejection signals.
Risk Management Tips:
Use strict stop-loss levels to minimize losses.
Monitor volume and candlestick patterns at key levels for confirmation before entering trades.
Stay informed and trade wisely!

16.25 Billion Cardano (ADA) Moved in 24 Hours: What's Behind the Surge?
A significant increase in whale activity has been spotted on the Cardano (ADA) blockchain, with 16.25 billion ADA (valued at $17.61 billion) changing hands in the last 24 hours. This surge in large transactions has sparked interest among market watchers, who believe it could positively impact ADA's price performance.
Whale Activity on the Rise
According to IntoTheBlock data, large transactions (trades equal to or greater than $100,000) soared by 25.83% in the past 24 hours, with a total of 10,200 large transactions recorded. This uptick in whale activity could increase liquidity levels and bolster the market outlook, potentially leading to an appreciable price rally.
IMPACT ON PRICE AND MARKET SENTIMENT
ADA is currently trading at $1.10, a 3.77% surge in the last 24 hours. Analysts believe that if the buying spree by whales continues, ADA might resume its ambition to test the $1.50 resistance level. Some even predict a potential surge to $3 if favorable conditions persist.
Could ETFs Propel ADA to New Highs?
Dan Gambardello, Crypto Capital Venture founder, speculates that a shift to an exchange-traded fund (ETF) could trigger an upsurge in ADA's price. Nate Geraci predicts that ETF issuers might file for spot ETF products to track Cardano's performance, potentially leading to a bullish cycle.
$ADA #AdakToTheMoon #BinanceAlpha