$ADA
Recently broke through the $0.90 resistance and created a new high in over a month; technical indicators show bullish momentum. On the 1-hour chart, the price has risen above $0.95 and formed an upward trend. The RSI has risen above the 50 level, indicating strong momentum. The MACD histogram has turned positive and continues to expand, showing that buying interest remains active. The Bollinger Bands are expanding and the %β value exceeds 1 (close to the upper band), meaning the price is experiencing high volatility. If it breaks through the key resistance levels of $1.00 and $1.02, it is expected to continue rising above $1.10; if there is a pullback, recent support levels are at $0.96, $0.935, and $0.88. Trading volume has recently increased, and the funding rate remains in a neutral to bullish state, with significant interest in opening positions. These signals suggest that ADA may have just completed a consolidation breakout, and if it can hold above the short-term moving average (the 7-day moving average is about $0.85), it could welcome the next wave of upward movement. A reasonable bullish target range is between $1.10 and $1.20, and continuous positioning by large holders and investment institutions are conditions for further price increases.
Support and Resistance: Immediate resistance is around $1.00–$1.02 (24-hour high), with higher resistance at $1.10, $1.18, and other areas; major support is near $0.935–$0.96, and if it falls below, watch for $0.88 and $0.85.
Market Sentiment Indicator: The overall market greed-fear index is currently around 60, indicating that the market is leaning towards optimism; the CME gap that appeared over the weekend in Bitcoin futures has been filled, with increased short-term volatility but no significant exhaustion of bullish strength. On the other hand, net outflows from exchanges remain negative, indicating that overall funds are flowing from exchanges to cold wallets, which typically signifies limited downward price pressure.
On-chain Data: Whale addresses have recently increased their holdings by over 200 million ADA, and the number of large transactions has significantly increased, showing that long-term funds are accumulating at lower levels.
Summary: Cardano is currently in a phase of breaking out of consolidation and may trend upward. If the price can effectively hold above the short-term moving average and break through the $1.02 neckline resistance, it will likely continue to rise; otherwise, it may oscillate in the $0.90–$0.85 range. In terms of entry strategy, if you have not positioned yet, consider waiting for the price to pull back to around $0.88–$0.90 to enter in batches to reduce risk; conservative investors may buy in batches on dips and set stop-losses below $0.85.
