2025-12-10 02:00 |
The Cardano (ADA) chart has finally shown a bit of life again, and one popular analyst thinks this may be the moment worth paying attention to.
The Cardano price has spent months sliding down a steady trendline, but now the chart is starting to show signs that the pressure may be easing.
Captain Faibik shared an ADA chart that looks very different from what we have seen lately. Instead of another drop, ADA is now pushing against a downtrend that has held it back for months. He said he is buying ADA here because he expects a breakout from this trendline soon.
The setup is simple: the more the ADA price tests the same line without breaking down, the stronger the chance it finally breaks above it. The recent candles show buyers stepping in a little more aggressively, and that is why many traders are keeping a close eye on this level.
If ADA manages to break and hold above this trendline, it could open the door to a cleaner move upward after a long period of weakness.
Source: X/CaptainFaibik A Bigger Support Zone Is Still in Play For CardanoMore Crypto Online took a wider look at Cardano, focusing on the weekly chart. He pointed out that the ADA price is trying to build a bottom inside a broad support zone between about $0.322 and $0.437. This zone has been important for months because so much trading activity has taken place there.
He also explained that ADA reacted directly to the Point of Control, which is the price level where the most trading volume has happened over a long period.
When price bounces from areas like this, it often shows that buyers are still active and defending the region. On the Volume Profile, this area has repeatedly acted as a heavy support cluster, and that makes it worth watching closely.
He did say it is still too early to confirm a long-term bottom, but he is watching to see if ADA can form a clean five-wave move to the upside.
If that happens, that would be the most convincing signal to date that ADA price is attempting to make a transition from downtrend to something more stable. Early reaction off support is encouraging, yet still needs structure.
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Source: X/MoreCryptoOnline What This Could Mean for ADA in the Coming WeeksThe Cardano price has been stuck in a rough downtrend for a long time, and sentiment around it has been weak.
Now it is finally showing early signs of strength at the same time analysts are stepping in with fresh buys. A trendline break on the lower timeframe and a strong support shelf on the higher timeframe is the combination ADA has needed for months.
None of this guarantees a full reversal, but at least the chart looks better than in a long while. If the ADA price manages to break the trendline and set a base above it, the mood about the token could flip very quickly. For now, the market is waiting to see if it can turn this early bounce into something more meaningful.
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The post Analyst Announces He’s Buying Cardano as ADA Price Forms Its Most Promising Pattern in Months appeared first on CaptainAltcoin.
origin »Cardano (ADA) на Currencies.ru
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