- Ah, the ADA price prediction! A tale of hope and despair, as it rises and falls like a poorly constructed soufflé.
- Overhead obstacles loom like the specter of bureaucracy, and the market sentiment? A veritable graveyard of reluctant buyers.
In a miraculous twist of fate, Cardano [ADA] has experienced a 17.8% price gain in the past 36 hours. Who knew miracles still existed?
Speculation swirls like a summer breeze that Gemini might list Cardano on their exchange, coupled with the U.S. crypto strategic reserve news from earlier this month. Could this be the catalyst that ignites investor enthusiasm? Or just another false dawn?
While the co-founder of Gemini expressed skepticism about Cardano’s suitability for the strategic reserve, he didn’t entirely dismiss the possibility of a listing. A classic case of “maybe, but probably not.”
With a retest of the 3-month strong support, one must wonder: could ADA be poised for a bullish reversal, or is it merely a mirage in the desert of despair?
Cardano’s quick gains could be halted at…
Cardano’s bounce in the past 48 hours was likely due to its retest of the 3-month range lows at $0.68. However, the volatility following the strategic reserve announcement left buyers feeling like they were trying to catch smoke with their bare hands.
Alas, the price could not defend the $0.8 level. Once a bearish order block, it briefly transformed into a bullish breaker block, only to revert back to its gloomy self. The descent below $0.8 has left the bulls scrambling like ants at a picnic.
The Awesome Oscillator, that fickle friend, has shown a shift towards bearish momentum. How delightful!
While the daily chart structure appears bearish, the range-bound nature of recent months suggests that one should pay more attention to the range levels than the structure. After all, who needs clarity when you have confusion?
The 75% range level at $0.8 coincides with the bearish order block from February, marking it as the closest and strongest resistance zone. A delightful little trap for the unwary!
The CMF sits at -0.01, indicating a complete lack of significant capital flows into or out of the market. A veritable desert of liquidity!
ADA price prediction
The 3-month liquidation heatmap reveals that the major liquidity cluster to watch is at $1.17. The $0.634, $0.8, and $0.83 levels are mere lower timeframe liquidity pockets, waiting to ensnare the unwary.
The 2-week heatmap confirms this delightful reality. The path north is littered with liquidation levels, suggesting that ADA prices may be irresistibly drawn upward, potentially as high as $1. A tantalizing prospect, indeed!
However, this upward pull is countered by a distinct lack of buying pressure in the spot market and a market-wide bearish bias. A classic case of “you can lead a horse to water, but you can’t make it drink.”
In particular, the $0.9 level stands as a promising bearish reversal zone, aligning perfectly with the mid-range level at $0.907. A match made in market heaven!
Thus, traders may wish to bide their time, observing Cardano’s reaction from $0.8 to determine if they should attempt to capture a bounce toward $0.9. Similarly, a move beyond $0.9 could see $1.03 and $1.09 revisited, or perhaps just another round of disappointment.
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2025-03-13 04:11