Cardano’s ADA has performed quite well since the start of the year, rising 9% over the past week to almost $0.40. Some analysts think ADA can post far more substantial gains in the near future as long as it remains above a crucial level. THE NEXT TARGETS Among the bullish X users is the one using the moniker Crypto Patel. The analyst claimed the asset’s current structure shows a multi-year symmetrical triangle compression and a strong demand zone between $0.28 and $0.38.
They assumed that if ADA continues to hold above $0.30, its macro bullish bias remains valid. The analyst outlined the $1-$1.20 as the key breakout range, setting the next targets at $2.60, $5, and even $10. It is important to note that a weekly close under $0.28 would invalidate the setup.
Crypto X is rammed with additional market observers who believe ADA is on the verge of a price explosion. Darren predicted the price might skyrocket to $10.50, whereas Hailey LUNC expects it to rise to as high as $14. X user Hardy is also bullish. On New Year’s Eve (when ADA was trading at around $0.35), they posted: Anything in this zone is a buy for me. ADA is a good long term bet.
ADA’s recent exchange netflows reinforce the bullish scenario. Over the past several days, outflows have surpassed inflows, suggesting that investors have abandoned centralized platforms in favor of self-custody methods. This usually results in decreased selling pressure. Despite the price resurgence observed in the last days, some industry participants remain skeptical of the asset.
X user Man of Bitcoin recently argued that ADA is in a pullback phase, adding that a break below $0.383 could send the valuation toward a certain descending trendline. Subsequently, he identified $0.347 as a key support level. Towards the end of last year, Ali Martinez also outlined a gloomy prediction. He claimed that the MACD on the monthly chart has crossed bearish, which in previous cases has been followed by a double-digit price collapse.
Cardano’s ADA has performed quite well since the start of the year, rising 9% over the past week to almost $0.40. Some analysts think ADA can post far more substantial gains in the near future as long as it remains above a crucial level, with a strong demand zone between $0.28 and $0.38. If ADA holds above $0.30, its macro bullish bias remains valid, and the analyst highlighted $1-$1.20 as the key breakout range, with targets at $2.60, $5, and even $10. It’s worth noting that a weekly close under $0.28 would invalidate the setup.
Crypto X chatter remains buoyant, with observers suggesting ADA is on the verge of a price explosion. Projections include a rise to $10.50 or as high as $14. At the same time, ADA’s recent exchange netflows reinforce the bullish scenario, as several days of outflows imply investors are moving toward self-custody, potentially reducing selling pressure. Despite recent strength, some market participants remain skeptical about the asset’s near-term path, highlighting a pullback scenario if the price breaks below certain levels.
On the downside, a break below $0.383 could push ADA toward a descending trendline, while $0.347 is identified as a key support. Late last year, bearish MACD signals on the monthly chart raised warnings of possible double-digit declines, underscoring that upside remains contingent on holding critical levels and the momentum of upcoming price moves.
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