Extraits Clés
- Oh, dear friends! The weekly chart of Cardano appears to be in a state of gloom, with metrics resembling a slow dance of dwindling activity. Yet, behold! A glimmer of hope on the 1-day stage suggests a possible rally towards the lofty heights of $0.68!
Our dear Cardano [ADA] has been shambling upwards on the price charts, resembling a tortoise rather than a hare. From a pitiful low of $0.536 at the dawn of July, it has mustered a paltry 17% gain, now prancing at $0.626. How splendid! Or is it? 🤔
But hold your applause, noble bulls; a premature celebration can lead to some rather unfortunate embarrassment!
The weekly chart reveals our friend Cardano’s gallant yet unsuccessful joust at the 78.6% Fibonacci retracement level of $0.535 back in mid-June. It may have climbed to dizzying heights, yet the overall market structure remains decidedly bearish—what a conundrum! 🐢
Exponentially proving this, a symphony of lower highs and lower lows has played a mournful tune since December. Oh, the drama!
Fear not, dear investors! Hope may yet linger unless the 78.6% support wiggles its way into resistance—then, alas, we may witness a dramatic plunge of 30%-40%. Quite the tragedy! 🎭
Is ADA’s Price Prediction a Bullish Comedy in the Near Future?
Venturing a glance at the 1-day chart, AMBCrypto has unearthed a bullish structure that stirs the heart! Higher lows and higher highs have been sprouting like daisies over the previous fortnight. At this very moment, Cardano has frolicked past the significant $0.62—marking a 50% retracement! Miraculous! 🌼
This signals a momentum shift, as if by magic! The RSI has soared above the neutral mark of 50, hinting at a charming shift from bearish to jubilant bullishness. The On-Balance Volume too has nudged higher, indicating a potential demand worthy of applause! 🎉
Yet, looming to the north lies the illustrious 78.6% retracement level at $0.684—a veritable fortress of resistance—a challenge to its aspirations. Should Cardano conquer this territory to exceed the grand $0.68-$0.7, it shall signify an impressive conviction! 🏰
However, whispers from on-chain metrics suggest our valiant enthusiasm might be somewhat misplaced. Development activity is creeping downwards, a sad tale indeed for what was once a blossoming story. The 180-day circulation reveals a lack of vigor alongside lackluster daily active addresses. Oh, woe be upon us!
A waning circulation hints at a diminishing number of unique ADA transactions—surely, the market seems a touch chilly! 🔍
Thus, gallant traders should anticipate a move towards the $0.66-$0.68 range, especially if the mighty Bitcoin [BTC] remains in a bold trajectory. But beware! A breakout past the daunting $0.68 resistance may be a Herculean task, leading prudent traders to remain lurking in the shadows until ADA boldly dances beyond that formidable supply zone.
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2025-07-11 09:19