Cardano (ADA) is approaching a critical support level around $0.51, which could decide the next major direction.
1 extracted signal · 1 resolved · 0 still active
More Crypto Online02 Oct 2025, 16:56 UTC
AI-generated source summary
The analysis focuses on Cardano (ADAUSDT), identifying a local pullback as a Wave 2 correction within a larger C wave to the upside, originating in August. It anticipates a five-wave move upwards but stresses the need to break the yellow trendline around 0.92 to unlock further price appreciation potentially reaching $1.70 to $1.80 based on Fibonacci levels. A break below 0.75, the September 25th low, would suggest an extending B wave. Shorter timeframes show trendline resistance around 0.9152 to 0.96, with support between 0.802 and 0.84. A five wave move is needed before confirmation of a reversal. Green candles alone aren't enough, the market needs structure.
AI-generated summary based on the source content.
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