Cardano Holds Steady — But Is It the Calm Before the Surge?
From $0.590, Cardano price fell. ADA is consolidating and may rise over $0.5820.
Below $0.5820 and $0.5750, ADA price fell again.
The price is above $0.560 and the 100-hour SMA.
The hourly ADA/USD chart shows a bullish trend line with support at $0.5640.
If it breaks $0.5560, the pair may fall again.
Cardano price fails to extend gains
Cardano fell from $0.590 in recent sessions, unlike Bitcoin and Ethereum. Under $0.580, ADA lost most of its gains.
Bears drove the price below the 50% Fib retracement line of the climb from $0.5567 swing low to $0.5902 high. Price went below $0.570 but held over $0.5650. On the hourly ADA/USD chart, a bullish trend line with support around $0.5640 is formed.
The trend line approaches the 76.4% Fib retracement level of the $0.5567 swing low to $0.5902 high upward rise. Cardano is over $0.5650 and the 100-hourly simplified moving average is
Price may find resistance at $0.5735 on the upside. Around $0.5820 is the initial resistance. The next hurdle may be $0.590. If price closes over $0.590 barrier, it might surge strongly. In this situation, the price may reach $0.620. More increases may lead to $0.6350 soon.
More ADA Losses?
If Cardano fails to break $0.5820 barrier, it might fall again. The trend line and $0.5640 provide immediate downward support.
Near $0.5460 is the next important support. A drop below $0.5460 might challenge $0.5250. The next significant support is $0.510, where bulls may appear.
Tech Indicators
Hourly MACD in negative zone for ADA/USD.
Hourly ADA/USD RSI is below 50.
Key Support Levels: $0.5640, $0.5460.
Key Resistance Levels: $0.5735, $0.5820.
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$ETH /USDT – Short Trade Setup! 🚨🔥
$ETH is showing signs of weakness after repeated rejection near the $2,520 zone. The recent candle broke back below the mid-range structure, and bearish momentum is picking up. This setup favors a short opportunity on any relief bounce toward resistance.
📉 Short Trade Plan
Entry Zone: $2,470 – $2,490
TP1: $2,430
TP2: $2,400
TP3: $2,360
Stop Loss: $2,525
💡 Pro Tip: Wait for rejection wick confirmation on the 1H or 4H chart for clean entry. Monitor Bitcoin’s direction — ETH tends to mirror major moves closely.
$ETH
{future}(ETHUSDT)
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🚨 Important Trading Reminder for Everyone! 🚨
Dear traders, I’ve noticed that many of you don’t read my posts properly and later complain about losses. Please, take the time to read and understand the setup before taking any entry.
✅ Fakeouts vs. Breakouts: Don’t get trapped! A fakeout is when price moves beyond a level just to reverse and trap traders. Always wait for confirmation before jumping in. A real breakout usually comes with strong volume and a solid close above/below key levels.
✅ Retests: After a breakout, the price often comes back to retest the broken level (old resistance becomes new support, or vice versa). These retests are excellent confirmation points don’t rush in blindly before price confirms.
✅ Support & Resistance: Always respect these levels. Support is where buyers are likely to step in; resistance is where sellers might push back. Never ignore these zones, as they help you plan entries and exits more confidently.
✅ Hold with Patience: Once in a trade, avoid panic. Holding is gold it can save you from getting shaken out by short-term moves. Let your trade breathe and don’t exit in a hurry.
✅ Remember: it’s not necessary that all targets will hit every time. Markets are dynamic. Stay alert, stay calm, and manage your risk wisely.
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on December 17th, 2024, Bitcoin was $107,000 and Ethereum was $4,100
today June 30th, 2025, Bitcoin is $107,000 and Ethereum is $2,400