A night of harvesting profits, God willing, we will witness the breakthrough of many resistances, if God wills.
Amine29
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$BTC Where are the people going up, up? Oh, spirits of your neighborhood, your company, and continue with it. Where did you go? You said up, and we say collapse, this is just the beginning.
Contracts and futures are forbidden, storage is forbidden, but spot trading is allowed☝
Abakr
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The price is currently oscillating around the $4.06 level, which is the midpoint of the current structure. There is stability after an upward wave: the market is choosing a direction.
Price Movement Scenarios 🟢 Bullish Scenario: The price dips slightly to $3.88, then rebounds and breaks through the $4.12-$4.29 area, holding above it. In the event of another downward wave, the target is $4.50.
🔴 Bearish Scenario: The price tests the $4.12-$4.29 area but fails to stabilize above it. A reversal occurs forming an 'M' pattern, leading to a downward collapse to $3.60, then to $3.30. With increased trading volume, it is likely to reset to $3.00.
Price behavior in the $4.12-$4.29 area: a break is a buy signal, a pullback with divergence is a reason to sell. Support at the $3.88 area - if held, a sharp rise is possible. A breach of $3.30 will open the way to $3.00 - the main demand area.
If Bitcoin rises, Cardano rises, and if Bitcoin reaches 110, Cardano will be more than $1👌
KAED MNSOR
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Bullish
Cardano (ADA) price predictions for the end of the week (by May 11, 2025) indicate potential movements within a limited range with a slight upward bias, based on recent technical analyses: • Current price: about $0.71 (as of May 8, 2025). • Forecasts: ◦ The price may range between $0.67 and $0.80, with a possibility of testing the resistance level at $0.80 if the upward momentum continues. ◦ The key support level is at $0.67, and breaking it could lead to a decline towards $0.63. ◦ Some analyses suggest a potential rise to $0.85 (an increase of ~20%) if the price consistently breaks the $0.70 level. • Influencing factors: ◦ Overall market momentum for cryptocurrencies. ◦ News about the development of the Cardano network (such as governance updates or decentralized applications). ◦ Price stability above the $0.70 level boosts optimism. Note: The cryptocurrency market is volatile, so it is advisable to monitor support and resistance levels and use appropriate risk management.