Cardano (ADA) Holds Strong at $0.70 – The Perfect Buy Opportunity Before a Breakout?
Cardano ($ADA ) is showing resilience, holding firm above $0.70 with a 1.3% gain in the past 24 hours. Bulls are working to reverse the March 2 dip, and this could be the perfect entry point before a major breakout.
Despite a 26.6% drop in trading volume, market sentiment is improving, with the Fear and Greed Index rising from 15 to 19. Investors may still be cautious, but buyers are seizing the opportunity at these discounted prices.
Massive Potential: Could ADA Surge to $10?
Renowned crypto analyst Ali Martinez emphasizes that ADA must stay above $0.80 to maintain bullish momentum. A decisive breakout above $1.20 could propel the token toward a staggering $10 in the medium to long term.
ADA’s Key Resistance Level – The Next Breakout Signal?
Since the start of the year, ADA has dipped 12.6%, yet it has outperformed major competitors like Solana (SOL) and Ethereum (ETH), which have seen steeper losses of 33.6% and 42.7%, respectively.
Adding to the intrigue, former U.S. President Donald Trump unexpectedly listed ADA as a potential digital asset for the country’s stockpile on March 2. However, his executive order ultimately focused solely on Bitcoin, leaving ADA investors disappointed.
Currently, ADA must break through the critical $0.763 resistance level to confirm a bullish reversal. Failing to do so could prolong its decline, but a successful breakout could trigger a 15% surge in the short term, based on price channel analysis.
Why This Could Be the Best Time to Buy
With ADA holding steady and bulls eyeing a breakout, now could be an ideal moment to enter before the next rally. If it clears $0.763, momentum could shift rapidly—don’t miss the opportunity to buy before the market takes off!
My eyes are on these 3 altcoins with a potential pump: