As of February 1, 2025, Cardano ($ADA ) is trading at approximately $0.9445.

Current Market Overview:

  • Current Price: $0.9445

  • Intraday High: $0.9833

  • Intraday Low: $0.9360

Long Setup:

  • Entry Zone: $0.9400 – $0.9600

  • Targets:

    • T1: $0.9800

    • T2: $1.0000

    • T3: $1.0500

    • T4: $1.1000

  • Stop Loss: $0.9200

Short Setup (If Rejection at Resistance):

  • Entry Zone: $0.9800 – $1.0000

  • Targets:

    • T1: $0.9600

    • T2: $0.9400

  • Stop Loss: $1.0200

Market Insights & Pro Tips:

  • Whale Activity: Recent reports indicate that Cardano whales have accumulated approximately $100 million worth of ADA since January 19, 2025. This accumulation suggests a potential bullish trend, as large holders often influence market movements. ccn.com

  • Support Zone: ADA has found support around the $0.90 level, indicating a potential base for upward movement. Maintaining support above $0.9400 is crucial for sustaining bullish momentum. ccn.com

  • RSI & Volume: An RSI above 60, coupled with increasing trading volume, may indicate strengthening bullish momentum.

  • Risk Management: Adhere to stop-loss levels and adjust positions based on evolving market conditions.