#ADAAnalysis go up or go down this week
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๐ Key Drivers This Week
Bullish momentum building: ADA recently broke a long-term downtrend around the $0.75โ$0.80 range. Technical indicators like EMA alignment, Chande Momentum, and MACD signal strong upside bias .
Resistance levels ahead: Short-term targets include $0.90, with next resistance ranging up to $1.00โ$1.08 if buying momentum continues .
ETF news impact: The SEC is expected to decide on a potential Cardano spot-ETF by August. Analysts suggest approval odds around 80โ84%, which could act as a powerful catalyst .
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๐ Price Forecast This Week
Bullish scenario: A continuation of current momentum could push ADA to $0.95โ$1.00, with some analysts estimating over 13% weekly gainsโpossibly even a brief test of $1.00 .
Bearish risk: A pullback toward $0.82โ$0.85 support is possible if momentum fades or ETF news disappoints .
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โ Summary
Likely path: Moderate upsideโ$0.90โ$1.00 is plausible this week if bullish momentum continues and ETF sentiment stays positive.
Downside risk: Reversion to $0.82โ$0.85 support would likely happen if the rally pauses or faces negative news.
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โ ๏ธ What to Watch
1. Volume trends & indicators: Watch if ADA remains above key support levels (~$0.85).
2. ETF developments: Any updates could cause sharp moves in either direction.
3. Broader crypto sentiment: A decline in BTC or major altcoins could drag ADA downward.
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Bottom line: ADA is positioned for a potential short-term rally toward $0.90โ$1.00, but the move depends on sustained volume and positive ETF/regulatory sentiment. A reversal could pull prices back toward $0.82โ$0.85.
