Cardano had a strong week, managing to hold above key support at $0.77 and closing with a bullish weekly candle. This price action signals a shift in momentum, with buyers back in control.
However, ADA now faces a critical test: the $0.90 resistance level. So far, bullish momentum hasn't been strong enough to force a breakout, but with the broader market showing strength, this level may not hold for long.
A confirmed breakout above $0.90 would be significant, opening the path for a potential move above $1 — a level not seen since mid-2022.
Looking forward, October has started with a strong bullish tone across the crypto market. If this continues, Cardano could be positioned for a fresh rally, provided bulls can take out the $0.90 resistance.
📌 Key Levels to Watch:
Support: $0.77
Resistance: $0.90
Target if breakout confirms: $1+
🟢 Bias: Bullish above $0.77
🔴 Risk: Failure at $0.90 could lead to a retest of support
However, ADA now faces a critical test: the $0.90 resistance level. So far, bullish momentum hasn't been strong enough to force a breakout, but with the broader market showing strength, this level may not hold for long.
A confirmed breakout above $0.90 would be significant, opening the path for a potential move above $1 — a level not seen since mid-2022.
Looking forward, October has started with a strong bullish tone across the crypto market. If this continues, Cardano could be positioned for a fresh rally, provided bulls can take out the $0.90 resistance.
📌 Key Levels to Watch:
Support: $0.77
Resistance: $0.90
Target if breakout confirms: $1+
🟢 Bias: Bullish above $0.77
🔴 Risk: Failure at $0.90 could lead to a retest of support
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.