- ADA surged 14% but faces resistance near $0.70–$0.65 amid whale sell-offs.
- A breakout above key levels could push ADA toward $3.10, repeating the 2021 rally.
- High volatility and liquidity risks make ADA’s next move uncertain in the current market.
Cardano’s ADA has surged 14% in just four days, grabbing attention across the crypto market. Excitement is growing, but skepticism remains. ADA still trades 75% below the all-time high, leaving many to question whether history could repeat. In 2021, Cardano soared 630% in one year. A similar rally now would push prices past $3.10. However, shifting market sentiment and recent whale activity create uncertainty. Can ADA break through resistance, or will another downturn follow?
Breaking Down the Odds
Cardano struggles to hold key psychological levels, much like other major cryptocurrencies. After failing to maintain $1, three consecutive lower lows have reinforced a bearish trend. This pattern adds pressure on investors hoping for a strong recovery. Whales have offloaded over 70 million ADA tokens in the last 96 hours. This sharp sell-off suggests a risk of further losses.
Without strong buying momentum, support between $0.70 and $0.65 could collapse. Manipulation and short-term profit-taking may be driving recent price action. Interestingly, price consolidation in this range could have set the stage for a repeat of the 2021 breakout. However, current conditions suggest a different story. Uncertainty continues to shape market movements, making ADA’s next move hard to predict.
What’s Next for Cardano?
Cardano’s volatility makes predicting future price action difficult. The ADA/BTC pair has shown mild relief, but past highs remain far away. A stronger push from buyers is needed for a real trend reversal.
Notably, a major liquidity pool with 10x long leverage at $11.60 could face liquidation. ADA now trades just 12% above the critical $0.69 mark, putting immense pressure on price action. For context, holding above this level is crucial for any continued rally.
If this support fails, ADA could drop lower, triggering more liquidations. With heavy sell-offs, extreme volatility, and leveraged trades at risk, Cardano stands at a major turning point. The coming weeks will determine if bullish momentum can return or if further declines await.
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