Cardano cryptocurrency (ADA) is at a defining moment. After 7 months of consolidation and slight bassist tendency, The cryptocurrency seems trapped in a technical analysis pattern that could trigger a significant movement.
With a recent rebound from key levels and optimistic projections of analysts, investors wait with expectation if Ada will break resistance or face a new setback.
The trader of the community of TrainingView identified as “cryptonuclear” Look that Ada is consolidated in a symmetrical triangle in the three -day candle chart. This pattern, which reflects indecision after consolidation, is characterized by maximum and minimum decreasing.
Currently, the price ranges from a 0.55 to $ 0.60 support and a resistance of 0.65 to $ 0.75. After bouncing from the lower limit, Ada now points – according to the analysis of this trader – to the line of descending trend. An upward break with a solid volume could unleash an explosive movement.
If Cardano manages to exceed the key resistance of $ 0.65 with a firm candle closure and a notable increase in volume, buyers could take the reins.
According to Cryptonuclear, the price could quickly climb around $ 0.81, significant horizontal resistance. From there, the road could lead to $ 0.93, a half -selected range level in March 2025and then at $ 1.09, an old distribution zone.
In the medium term, the objective of this trader is $ 1.21, with a structural maximum of the previous cycle in $ 1.32.
Analysts such as James Ford and Javon Marks reinforce this optimism, projecting that Ada could exceed 2 dollars and even reach 3 dollars, a potential of more than 100% from current levels, as reported by cryptootics.
Whiter scenario for Cardano
On the other hand, if Cardano fails to break the resistance between 0.62 and $ 0.65, a rejection could push the price towards the support of $ 0.55, says the analyst of TrainingView.
A break below this area It would open the door to more pronounced falls, first towards $ 0.48, then at $ 0.39 and, in a more severe scenario, up to 0.27 dollars, a key psychological and historical level.
Cryptonuclear emphasizes the importance of waiting for a clear confirmation before taking positions, given that A ruling to overcome resistance could reactivate the bearish trend of medium term.
The weight of the macroeconomic environment
The destiny of cryptocurrency does not depend only on technical analysis. Macroeconomic conditions will play a crucial role.
In a stable context, financial speculators tend to bet on risk assets such as cryptocurrencies. However, in times of uncertainty, they prefer to take refuge in safe instruments such as treasure bonds. In order for Ada to recover levels above 1 dollar, the global economic landscape must favor appetite for risk.
With a decreasing volume profile, typical of a symmetrical triangle before an abrupt movement, Cardano is at a crossroads. The breakdown of the pattern, either up or down, will mark its course in the coming weeks.
