#ADA Cardano Short-Term Price Outlook
Bullish Scenario:
If ADA holds above $0.75 and breaks $0.85 with strong volume, it could target $0.90–$1.00 in the next 1–2 weeks, potentially reaching $1.08 if momentum sustains.
Catalysts like ETF approval news or positive developments from the Chang hard fork could accelerate this move.
Bearish Scenario:
A close below $0.75 could trigger a slide toward $0.70 or $0.65, with further support at $0.60–$0.61. A break below $0.538 would invalidate the bullish setup.
Weakening volume or negative market sentiment could exacerbate downside risks.
Most Likely Range: ADA is likely to trade between $0.75–$0.85 in the next 1–2 weeks, with a potential breakout toward $0.90 if bullish catalysts materialize.
Trading Strategy:
Long Trades:
Entry: Buy at support levels of $0.75–$0.77 or on a breakout above $0.85 with high volume.
Targets: $0.90, $1.00, and $1.08.
Stop-Loss: Below $0.73 to protect against a bearish breakdown.
Short Trades:
Entry: Consider shorting if ADA breaks below $0.75 with a MACD downward crossover or RSI below 40.
Targets: $0.70, $0.65, or $0.60.
Stop-Loss: Above $0.80 to limit losses if bullish momentum resumes.
Intraday: Trade within the range of $0.75–$0.85 until a clear breakout or breakdown occurs.
Key Levels to Watch
Support: $0.75, $0.70, $0.60–$0.61
Resistance: $0.85, $0.90–$1.00, $1.08
Fibonacci Level: $0.824 (50% retracement)
Conclusion:
Cardano (ADA) shows a mixed short-term outlook with bullish signals from the daily chart (trading above key EMAs, breakout from a falling wedge) but cautionary signs on the 4-hour chart (falling 50-day MA, weakening MACD).
The price is likely to consolidate between $0.75–$0.85 in the near term, with a breakout above $0.85 signaling a move toward $1.00 or higher, driven by ETF optimism and upcoming upgrades like the Chang hard fork.
However, a drop below $0.75 could lead to further declines toward $0.65 or lower. Monitor volume, RSI, and key support/resistance levels closely for confirmation of the next move.
