Cardano (ADA) is trading at $0.7533, up 3.30% in the last 24 hours. Exploring key levels on monthly, daily, and 4-hour charts to predict ADA’s next move.
Monthly Chart: Market Seeks Direction
ADA has traded between $0.31 and $1.23 over the past year, showing significant volatility.
Key Levels:
- Support: $0.5706 – A strong demand zone. - Resistance: $1.17 – A breakout here would confirm a long-term uptrend.
The monthly trend remains neutral, with ADA needing to break above $1.17 to establish a bullish trajectory.
Daily Chart: Testing Resistance
ADA has gained 6.60% in the past week, signaling bullish momentum. The $0.7531 resistance is crucial — breaking above it could push ADA toward $0.80 – $0.85.
Key Levels:
- Support: $0.7226 – Holding this level is vital for bullish continuation. - Resistance: $0.7531 – A breakout would strengthen upside potential.
If ADA clears $0.7531, it could rally toward $0.78 and $0.85. However, losing $0.7226 support may trigger a drop to $0.70 or $0.65.
4-Hour Chart: Short-Term Momentum Builds
ADA’s 4-hour chart shows bullish movement from $0.7213 to $0.7533. Immediate resistance at $0.7533 must be broken for further gains.
Key Levels:
- Support: $0.7213 – A drop below may weaken momentum. - Resistance: $0.7533 – A breakout could fuel a short-term rally.
A move above $0.7533 could confirm strength, while rejection may lead to consolidation.
ADA is at a critical breakout point. A move above $0.7533 could trigger a rally, while failure to break resistance may lead to consolidation or a pullback. Traders should closely watch these levels.
