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 Online04 Sept 2025, 05:29 UTC
AI-generated source summary
The analysis focuses on ADA/USD using the daily chart. The price remains below a trendline, the next objective for bulls is breaking above it. A fourth wave triangle likely completed in June. The current thesis is that the pattern looks weak but the subwaves look corrective, with a potential A, B, and C wave formation. The analyst predicts a C wave targeting $1.25 or higher. This scenario is valid as long as the market holds above the previous swing low from August, around 69.5 cents. Below this, the B wave may reset, potentially bringing the support area of 57.8 cents to 68.9 cents into focus. A break below the 71.5 cents marks a pullback considered too deep for a bullish outlook.
AI-generated summary based on the source content.
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Signals in this source
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