ADA Market Analysis Update (April 27, 2025)
The ADA (Cardano) market remains in a sideways consolidation phase, forming a wave 4 triangle pattern according to Elliott Wave analysis.
This triangle has been developing since November and is still valid as long as support at 51 cents holds.
Key Points:
Current structure: Wave 4 Triangle (ABCDE structure)
Local movement: Tracking a D-Wave to the upside, unfolding as an ABC move.
Price is respecting micro support between 68 and 71 cents.
A 5-wave structure within the C-leg is visible, though the move has not yet reached the 100% Fibonacci extension (~78 cents).
Support Levels:
Immediate Micro Support: 68 cents
Critical Support: 67 cents (Previous swing low from April 24)
Major Support (Invalidation Level): 51 cents
Resistance Targets:
Short-Term Target: 74–76 cents
Ideal Target: 78 cents (100% extension for the C-Wave)
If ADA reaches 78 cents, it would complete a textbook D-wave in the triangle.
Trading Plan:
Entry (Buy Zone):
Entry 1: 68.5–70 cents (current micro support zone)
Entry 2: 67–67.5 cents (stronger support if 68 fails)
Targets:
First Target: 74 cents (Partial profit)
Second Target: 76 cents
Final Target: 78 cents
Stop-Loss:
Hard Stop: 66.5 cents (below key swing low)
Alternate Stop for Conservative Traders: 67 cents (tight stop just below micro support)
Alternative Scenario:
If ADA breaks below 67 cents convincingly, expect a deeper pullback forming the E-Wave, targeting the 53–62 cents zone based on Fibonacci retracements.
At that point, re-evaluate for new buying opportunities.
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Summary:
ADA is still following the expected triangle consolidation pattern. As long as 67 cents holds, we can look for a potential continuation higher toward 78 cents. Watch the 68–67 cent area carefully for bullish reversal signs.
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