Main point:
Strong marches generally follow sharp declines equally. This is what happened with many altcoins, and Cardano (ADA) is no exception. Usually, the withdrawal shakes weak hands before resuming the upper direction.
Did ADA come in the short term, or do you review a good purchase opportunity? Let’s analyze the plans to find out.
Cardano prediction
ADA collapsed over the public resistance of $ 0.86 on Monday, but the bulls could not maintain the higher levels.
The price fell sharply on Wednesday and fell to less than the level of penetration of $ 0.86. Bears withdrawn the price towards the simple moving average for 20 days ($ 0.73) on Thursday, but the long tail on the candlestick shows a strong purchase at lower levels.
The bulls will try to challenge the general resistance of $ 0.94. If the level is crossed, the ADA/USDT pair can rise to $ 1.02 and then to $ 1.17.
On the contrary, if the price decreases and the SMA collapses for 20 days, it indicates that the interruption exceeding $ 0.86 may be a bull trap. The couple can drown in SMA for 50 days ($ 0.66).
Related to: Bitcoin due to “massive pressure” where BTC dominates 62 %
Moving averages are about to land on the graph for 4 hours, indicating an attempt to return by the bears. It is possible that you will encounter sale attempts to sell at 20-SMA.
If the price decreases from 20-SMA, the husband may go down to $ 0.75 and then to $ 0.70. The deeper the fall, the greater the time that the next station takes from the upper direction.
Buyers will have to pay the price above 20-SMA to return to the driver’s seat. If they do, the husband may rise to $ 0.90 and then to $ 0.94.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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2025-07-24 16:01:00
