Cardano (ADA) is trading around $0.82–$0.83 on the 4H chart, holding above its key support but still capped under resistance. In today’s video, I focus only on the short-term price structure: support at $0.8157–$0.8014, deeper levels at $0.7724 and $0.7620, and resistance at $0.8484, $0.8710, and $0.9347. A breakout above $0.8710 would be a key step for ADA to confirm recovery momentum.
The mid-term bias remains for more upside, but ADA must prove strength step by step. With Bitcoin showing bullish signals this morning and today’s NFP release increasing volatility, ADA’s reaction at these levels will define whether bulls can take control or if we see another retest of support.
The mid-term bias remains for more upside, but ADA must prove strength step by step. With Bitcoin showing bullish signals this morning and today’s NFP release increasing volatility, ADA’s reaction at these levels will define whether bulls can take control or if we see another retest of support.
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Check out the daily market updates on youtube.com/@TradeLeanCom
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.