Cardano Cryptocurrency (ADA) is a critical moment. After seven months of integration and slight bassist trends, Cryptocurrencies appear to be trapped in technical analytic patterns that can cause important movements.
With recent rebounds from key levels and analyst optimistic predictions, investors will wait in anticipation if the ADA will break the resistance or face a new set-off.
TradingView traders identified as “Crypton Nuclei” observe that the ADA is integrated in symmetrical triangles on a three-day candle chart. This pattern reflecting post-integration indecisiveness is characterized by maximum and minimum reductions.
Currently, prices range from $0.55 to $0.60 support and $0.65 to $0.75 resistance. After bounces back from the lower limit, the ADA, according to this trader’s analysis, points to a downward trend line. A sturdy volume and upward rest can unleash explosive movements.
If Cardano can surpass the $0.65 major resistance due to the closure of candles and a significant increase in volume, the buyer can take the reins.
According to CryptoNuclear, the price could quickly rise to around $0.81, with a huge horizontal resistance. From there, the road could lead to a half-selected range level of $0.93 for March 2025and for $1.09, the old distribution zone.
In the medium term, this trader’s objective is $1.21, with the structural maximum for the previous cycle being $1.32.
Analysts such as James Ford and Javon Marks have strengthened this optimism and predicted that ADA could reach $3, above $2.
Cardano’s whiter scenario
Meanwhile, if Cardano fails to break the $0.62-$0.65 resistance, a rejection could push the price up to $0.55 support, TrainingView analysts said.
Rest under this area It opens the door to a more prominent fall, first at $0.48, then at $0.39 And in more serious scenarios, up to $0.27, at a critical psychological and historical level.
The Crypton nuclear emphasizes the importance of waiting for clear confirmation before taking position, given that Arbitrations to overcome resistance can reinvigorate bearish trends In the medium term.
Weights of the macroeconomic environment
The fate of cryptocurrency does not rely solely on technical analysis. Macroeconomic conditions play an important role.
In a stable context, financial speculators tend to bet on risky assets such as cryptocurrencies. However, in times of uncertainty, they prefer to take shelter in safe instruments such as treasure bonds. For ADA to recover levels above $1, the global economic situation must support an appetite for risk.
Cardano stands at a crossroads as the volume profile typical of symmetrical triangles decreases before rapid movement. The pattern breakdown is either up or down, marking the course in the coming weeks.
