Cardano (ADA) Market Analysis – April 29, 2025
Cardano has shown promising bullish structure over the past few weeks. After forming a strong bottom between $0.60 – $0.69, ADA broke above the key resistance zone at $0.69, supported by increasing volume.
Currently, ADA is consolidating between $0.68 and $0.73, with the next resistance around $0.77. A temporary dip to $0.65 – $0.66 is possible due to imbalance, but reclaiming above $0.68 keeps the bullish structure intact.
Trade Setup:
Entry Zone 1: $0.68 – $0.70 (Current consolidation zone)
Entry Zone 2: $0.65 – $0.66 (If price dips and shows reversal signs)
Targets:
Target 1: $0.73 (Short-term resistance)
Target 2: $0.77 (Next key resistance zone)
Target 3: $0.82 (Mid-term bullish target if momentum continues)
Stop-Loss:
Below $0.63 (Break of structure and invalidation of bullish bias)
Summary:
ADA remains technically bullish with potential for a breakout toward $0.77+.
Short-term consolidation is expected; dips to $0.65 can offer good risk-reward entries.
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