Family, today Brother Hao goes straight to the point and breaks down the latest price trends of ADA (Cardano) for everyone. We're not doing anything superficial; from support and resistance, technicals to specific strategies, I will explain everything clearly to you.
First, let's draw the key short-term lines: 0.84-0.85 USD is the current 'line of life and death.' If it can stabilize in this range, ADA still has a chance for a rebound; if it can't hold, it will directly drop to 0.74-0.76 USD—that is the low point of August 2025, which is a significant risk. Additionally, the current price is still pressured below the 100-hour moving average (around 0.935 USD); it must break through 0.95 USD in the short term to relieve the downward pressure.
Looking at the optimistic scenario: if ADA can stabilize above 0.85 USD and then push through 0.95 USD with volume, the market will come alive. The first step could test the resistance at 1.00-1.02 USD, and if lucky, it might even rebound to the August high range of 1.12-1.15 USD, which is worth looking forward to.
The current price is around 0.8510, and different players should have separate strategies:
- Short-term players: Keep an eye on the defense level at 0.84-0.85 USD. If it stabilizes, take a light position to go long, initially targeting 0.95 USD, with a stop loss set below 0.80 USD. If it breaks below 0.84, don't hold on stubbornly; wait and see first.
- Medium to long-term players: No need to rush, wait for a pullback to 0.74-0.76 USD to gradually position, and then keep an eye on ETF approvals and ecological developments, with a target of seeing 1.50-1.75 USD. Just be patient and wait for the catalysts.
Finally, today's practical operation: Brother Hao suggests going long around 0.8320-0.8480, with the first target at 0.8640. If it holds steady, then look up to 0.8910. Remember, the market has many variables, so keep a close eye on whale movements, ETF progress, and ecological dynamics. The key technical points are still the support at 0.84-0.85 and the resistance at 0.95. Investment carries risks, so think carefully before taking action!
