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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.