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 Online05 Oct 2025, 14:36 UTC
AI-generated source summary
The analysis focuses on ADA/USDT using Elliott Wave Theory and trendlines. On the weekly chart, ADA is holding below a critical trendline developed since the December 2024 high. A break above the 0.96 area is needed to target 1.79, potentially extending to 2.47. Overall pressure remains upward as long as previous swing lows and the upward-sloping price channel hold. On the 1H chart, reaction to the last two support areas has been positive, targeting a fifth wave upward. The speaker expects ADA to continue its reaction to ideal support at 0.83, potentially forming wave A of 3, targeting $1.18 which is a structural resistance area, with another trend line around 0.89.
AI-generated summary based on the source content.
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