Crypto expert Nick Regan provided a YouTube video analysis of Cardano (ADA), examining the token’s hourly and daily price trends. With information for both short-term traders and long-term investors, the video highlights resistance levels, possible trading tactics, and the current market behavior of ADA.
Regan’s analysis offers a road map for individuals considering future chances in ADA by examining important support and resistance locations as well as possible accumulation zones.
ADA’s Key Levels on Hourly Chart
Nick Regan’s analysis focuses on the hourly chart, identifying critical resistance points for ADA. He notes that ADA is facing resistance between $0.325 and $0.3287, with additional pressure from the 50-day SMA and EMA. This resistance zone has resulted in continuous downward pressure, although the analyst suggests that the decline may not extend beyond recent lows.
Support around the $0.315–$0.317 range was identified, where ADA has briefly recovered after touching previous resistance levels. Regan recommends a potential long position, targeting $0.3173 with a stop-loss at $0.3148, suggesting a risk-reward ratio of 1.5 for traders looking to capitalize on this volatility.
Daily Chart Highlights Accumulation Potential
Regan’s analysis on the daily chart focuses on the longer-term prospects for ADA. For long-term investors, he determines that the current price range of $0.29 to $0.34 is an excellent accumulation zone.
Moreover, he views this price range as a possible buying opportunity despite the current bearish trends, and anticipates ADA to gain from any future market rallies.
Indicators such as the Stochastic RSI indicate that ADA is currently oversold, pointing to a possible upward momentum. However, volume patterns remain low, reflecting overall market cooling since the crypto boom of 2021–2022.
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Market Context and Long-Term Outlook
The broader market’s consolidation phase and external macroeconomic conditions, such as the U.S. elections and Federal Reserve policies, have contributed to ADA’s current market positioning. Regan anticipates a market turnaround in 2025, with ADA poised to benefit from these shifts.
The analyst maintains a cautiously optimistic outlook, suggesting that ADA’s accumulation phase could yield significant returns in the future.
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