LIVE
XaifX
--
ADA Bulls Target $1.72
Cardano Price Prediction Today: $ADA Bulls Target $1.72 🚀
Cardano (ADA) is currently up by more than 2% and is trading close to the $1.20 mark. The key support levels to watch are between $0.83 and $1.06. There are two possible paths for ADA from here:
📈 Pathway 1: Price Continues to Rise
In this scenario, ADA could keep climbing in a five-wave move to complete the larger third wave. This move might push ADA to $1.42, and possibly even $1.72, before a bigger correction happens. After that, another rally could follow in wave five.
🔻 Pathway 2: Larger Fourth Wave Unfolding
Here, ADA may already be in the larger fourth wave, forming an ABC pattern. While both scenarios are possible, the first one, with one more push up, seems more likely for now.
🛠️ Key Support Level
The important support level to keep an eye on is $0.64, which is a 50% retracement of the November rally. If ADA drops to this level, it could mean a bigger pullback before it moves up again. However, ADA could also rise in the short term before testing this support.
📊 Short-Term Moves & Market Influence
In the short run, ADA might show some fluctuations as it moves with Bitcoin. As Bitcoin dominance is decreasing, altcoins like ADA have room to recover. But ADA's next resistance is between $1.15 and $1.27. This area could create some resistance as it aligns with previous price points and volume.
⚠️ Resistance & Future Targets
If ADA faces resistance at $1.15-$1.27, it could decline in a five-wave structure, with support potentially around $0.76.
💡 Final Thoughts
ADA looks promising, but the next few sessions will be key to confirming a breakout. Stay tuned and watch the charts closely 👀.
👉 Follow me for more updates and trading insights! Let’s ride this wave together 🌊.
#AdaFundamentals #MarketCorrection
Cardano (ADA) is currently up by more than 2% and is trading close to the $1.20 mark. The key support levels to watch are between $0.83 and $1.06. There are two possible paths for ADA from here:
📈 Pathway 1: Price Continues to Rise
In this scenario, ADA could keep climbing in a five-wave move to complete the larger third wave. This move might push ADA to $1.42, and possibly even $1.72, before a bigger correction happens. After that, another rally could follow in wave five.
🔻 Pathway 2: Larger Fourth Wave Unfolding
Here, ADA may already be in the larger fourth wave, forming an ABC pattern. While both scenarios are possible, the first one, with one more push up, seems more likely for now.
🛠️ Key Support Level
The important support level to keep an eye on is $0.64, which is a 50% retracement of the November rally. If ADA drops to this level, it could mean a bigger pullback before it moves up again. However, ADA could also rise in the short term before testing this support.
📊 Short-Term Moves & Market Influence
In the short run, ADA might show some fluctuations as it moves with Bitcoin. As Bitcoin dominance is decreasing, altcoins like ADA have room to recover. But ADA's next resistance is between $1.15 and $1.27. This area could create some resistance as it aligns with previous price points and volume.
⚠️ Resistance & Future Targets
If ADA faces resistance at $1.15-$1.27, it could decline in a five-wave structure, with support potentially around $0.76.
💡 Final Thoughts
ADA looks promising, but the next few sessions will be key to confirming a breakout. Stay tuned and watch the charts closely 👀.
👉 Follow me for more updates and trading insights! Let’s ride this wave together 🌊.
#AdaFundamentals #MarketCorrection
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
1
0
Replies 0