Where Is the Buy Zone for Cardano (ADA)? Analyst Weighs In

2024-10-22 02:57

Cardano’s ADA is down 1% today, now trading around $0.36. This dip shouldn’t worry ADA holders too much considering the fact that the broader crypto market is correcting today as well.

Analyst “InvestingHaven” shared insights on his X (formerly Twitter) account about potential buy zones for ADA.

Looking at the chart from mid-2023, the Cardano price has maintained a clear downward trajectory. The asset has experienced periods of significant price swings followed by more stable trading ranges, suggesting a market that’s trying to find its footing.

Potential Buy Zone for $ADA?

Cardano may dip to $0.269 between Oct 25th – Nov 5th. This could be a potential buy-the-dip scenario if ADA stays above $0.222 on a 5-day closing basis.

Holding above $0.222 signals stability

Keep an eye on key levels pic.twitter.com/rTCLcQZ9cb

— InvestingHaven (@InvestingHaven) October 21, 2024

Currently trading at $0.3667, the ADA price faces immediate resistance at this level. A more substantial resistance barrier sits at $0.4200, where previous rallies have struggled to break through. On the support side, the $0.2690 level has proven significant, with multiple tests confirming its strength as a support zone.

Read also: Elite Analyst Says Dogecoin Breakout Could Lead to a Major Rally – Here’s Why

Key Levels to Watch

The analysis points to $0.2220 as a potential “buy the dip” opportunity. This level represents a zone where buyers might find value, though it’s worth noting that market conditions can change rapidly. The current consolidation phase around $0.3667 could signal a pause in the downtrend, but the overall pattern of lower highs and lower lows remains intact.

The recent trading activity suggests a period of consolidation, with the market showing signs of stabilization. While short-term traders are closely monitoring the $0.3667 area for potential momentum shifts, the marked support at $0.2220 offers a reference point for those considering longer-term positions.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post Where Is the Buy Zone for Cardano (ADA)? Analyst Weighs In appeared first on CaptainAltcoin.

origin »

Cardano (ADA) на Currencies.ru

$ 0.7258 (+3.03%)
Объем 24H $2.076b
Изменеия 24h: 3.30 %, 7d: -14.15 %
Cегодня L: $0.6551 - H: $0.735
Капитализация $25.569b Rank 8
Доступно / Всего 35.231b ADA / 45b ADA

ada cardano today considering fact too worry

Источник: captainaltcoin.com

ada cardano → Результатов: 126


Cardano’s Plomin Hard Fork: A Catalyst for ADA Growth Amidst Market Volatility?

As it moves through a dynamic crypto market and recent watershed moments become crystallized, Cardano (ADA) finds itself more and more at a point of potentially great significance. In this transitional moment, it has introduced decentralized governance, and what that really means is that ADA holders now have the power to effectively vote on major [...]

2025-1-29 22:10


Фото:

Legendary Trader Peter Brandt Says Cardano Setting Up For Monster Bull Rally After Forming Bottom

Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, recently lept back above the $1 threshold – indicating robust buying momentum. Like other major cryptocurrencies, ADA has enjoyed the latest Trump-spurred upsurge, largely due to its parent company, Input Output Global (IOG) being a U.

2025-1-20 16:52


Прогноз Cardano: поднимется ли ADA до $1,50 или упадет к $0,70?

Cardano (ADA) демонстрирует рекордный рост за последние 15 месяцев. Скачок цены начался 4 ноября и совпал с переизбранием Дональда Трампа. Это укрепило оптимизм инвесторов. На недельном графике криптовалюта продолжает формировать более высокие максимумы и минимумы.

2024-12-30 17:28


Аналитик прогнозирует рост Cardano на 2288% до $6 и определяет, когда может начаться бычий забег ADA

Несмотря на то, что биткоин превысил $71 тыс. , Cardano торгуется по $0,3473, что отражает потерю 12% по сравнению с ценой месяц назад. Сегодня ADA показала рост всего на 2,2% на фоне возобновления бычьего импульса на рынке криптовалют.

2024-10-30 08:24


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Pi Coin Price Prediction for Today (March 11)

Pi Coin price is now at $1. 39 after plunging 19% last week. But this shouldn’t be too worrying for holders since this coin is doing fairly well compared to other top altcoins. Just in the last 24 hours, Ethereum and DOGE both lost around 8% in value while Pi Coin price remained mostly flat.