Cardano (ADA) Market Analysis – May 2025
Overview:
ADA is currently consolidating within a broader range and has respected the key Fibonacci resistance between $0.816 and $0.853. The current structure suggests ADA may still be forming the D wave of an Elliott wave triangle that began in January. A corrective B wave pullback may be in play, followed by a C wave rally.
Primary Structure (WXY Triangle View):
A wave completed on May 13
B wave potentially unfolding now (target: $0.745 support zone)
A final C wave to the upside expected to complete wave Y / triangle wave D
Key Levels to Watch:
Immediate Resistance: $0.853 (bullish breakout confirmation above this level)
Swing Low Support: $0.798
Support Zone (B wave target): $0.77 to $0.685
Critical Support: $0.685 – holding above this level keeps the bullish triangle structure intact
Trade Setup:
Entry Zone: $0.77–$0.70 (pullback support region)
Target 1: $0.85 (range top / resistance)
Target 2: $0.95–$1.00 (if triangle breaks out on C wave rally)
Stop-Loss: Below $0.685 (invalidates triangle count / signals deeper correction)
Conclusion:
ADA is in a cooling-off phase, likely forming the B wave within a complex triangle pattern. As long as $0.685 holds, the structure favors a bullish continuation. A break above $0.853 confirms strength and may trigger a C wave toward higher levels.
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