$ADA/USDT: Why didn't Cardano follow BTC's rally? Technical analysis and possible market reading
Technical Analysis (Daily Chart):
Current price: $0.7592 (+2.06%)
Recent high: $0.8643
EMA(7): $0.7577 (tested as resistance)
EMA(25): $0.7412 (now acting as support)
EMA(99): $0.7326
RSI(6): 50.55 – neutral, without clear buying strength
Volume: No highlights, remains medium/low
After reaching a high of $0.8643, ADA pulled back in a natural correction pattern, but did not show recovery strength proportional to BTC's breakout. It is trying to stay above the averages, but still without confirmation of a breakout.
Why didn't ADA rise with BTC?
Some plausible hypotheses:
Capital rotation: Investors preferred to position themselves in assets with a higher direct correlation to BTC (such as ETH or meme coins in political hype).
Lack of fundamental triggers: Cardano continues to develop, but without short-term catalysts. No major updates or recent news.
Technical consolidation: After a strong previous rise, the asset may just be going through a lateralization before a new impulse.
Possible scenarios (swing trade):
Breaks $0.76 with volume: may seek $0.80 and then retest $0.86
Loses EMA(25) ($0.74): may pull back to support region at $0.72–$0.70
My personal opinion:
ADA may be lagging, and that's not bad. If BTC consolidates at $108K–$110K, it is common to see layer 1 altcoins recover afterwards.
I am looking for an entry if it confirms a breakout with volume above $0.76, aiming for a swing with a target at $0.80–$0.83.
Disclaimer:
This content is for educational and informational purposes only. It does not represent investment advice. The cryptocurrency market is volatile — always do your own analysis and trade with risk management.
