Cardano (ada) seems to be recovery of a stubborn rush After experiencing a edged correction from recent ups. According to the recent analysis of the TradingView analyst, Ada can prepare for another earnest rally, with potential Deliberate goals indicating a USD 1 And not only.
The analyst sees Cardano pierce the goal $ 1
May 1 Arman Shaban released Technical analysis on TradingView, examining the ADA price chart in a 3-day time to decipher your Next stubborn goals. The analysis shows that Cardano has previously increased from low $ 0.33 to the top $ 1.32, which is over 300% of the rally, which meant it The highest price in three years.
At that time, this significant rally met a sturdy resistance near the bear Order block (OB)Calling profits and a edged withdrawal to 0.5 USD. Despite the correction, the Shabana chart reveals it The Ada structure looks stubbornwith a price showing signs of strength after recovering the zone 0.65 USD.
The chart analysis also emphasizes the key sweeping of liquidity that occurred during the last correction. Then Ada bounced off the well -defined demand zone and a stubborn order block, signaling sturdy interest on the purchase side at these levels.
Currently, Cardano is trying to build a higher low formation, and the price action is definitely stabilized above 0.65 USD. This consolidation above 0.65 USD is seen as a key level of support, which indicates that the market is preparing for Potential stubborn continuation.
If this level continues, Shaban predicts that Next additional goals Lie at 0.75 USD, 0.81 USD, 0.93 USD, and ultimately USD 1.05. These levels represent previous retaining points and liquidity levels, with each goal represented by a potential milestone for Cardano prices recovery.
The level of USD 1 has psychological significance for Cardano, because its price has been trading below this threshold for months. A successful going beyond the goal 0.81 USD would probably open the door to re -test this level. Nevertheless, the focus was on the range of 0.65 and 0.75 USD, because the sturdy approach above this zone can confirm Ada’s readiness to renew and continue pushing up.
Whales accumulate ADA among low prices
Cardano currently has 0.69 USD trade after a decrease in over 4.7% last week. Among that price dropWhales buy ADA tokens in crowds, apparently used low prices in the hope of future reversal.
Recently, cryptographic analyst Ali Martinez common on x (earlier twitter) Whaler cardano In April alone, they gathered over 410 million ADA tokens. At the current market price of cryptocurrency, this significant purchase of a token is an impressive USD 2,56,000,000.
In particular, this huge growth ADA accumulation It signals the sturdy conviction of investors in high long -term perspectives. Although Cardano still side -to -side trade Due to market declines and continuous variability, technical indicators suggest Changing the moods to the “greedy” zone, signaling that investors’ optimism is growing.
A distinguished picture from Adobe, chart from TradingView.com
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